Confucius once said that “to be happy in life, one has to have a job to do, someone to love, and a star to follow. Well, this is definitely true, and many people have followed this simple rule of life and have achieved a certain degree of contentment and satisfaction in life. Yet, most jobs in this world nowadays are quite difficult and not rewarding. Say for instance, if you visit some of the most depressed slum areas of the world, you will readily discover that there is an imbalance in the distribution of wealth in the world. Some countries enjoy the best of the present world materially, while others bear the brunt of failures and poverty.
Yet, the modern poverty can never be associated solely with material possession. One may be poor despite having a great material possession. This may happen when one becomes so obsessed with material possession that one fails to balance one’s life. I have known of people who have been amassing great amount of money, yet are not happy and not enjoying the fruits of their labor because amassing money becomes their sole obsession in life. Yet, there are also people who can still enjoy their vacation while working. I guess they are the envy of other people because they still gain their profit even if they are indulging themselves in a travel splurge.
Day Trading and Its Advantage
Day trading is a perfect example of a job which you can engage in anywhere in the world. Hence, you can be in a vacation in faraway islands of Bali or Boracay, and still be able to day trade using one’s laptop. This type of job was once an exclusive job to professional speculators and financial firms. Yet, nowadays people of different backgrounds indulge in day trading even if they don’t have financial studies and backgrounds. Likewise, an increasing number of at-home traders are indulging themselves in this kind of work due to the technological advancements such as the development of electronic trading and internet.
With the profits that one can get from day trading, one can readily indulge in numerous sojourns and travels to the wonderful places around the world. One surely can afford to be one of the travel bloggers who ply the highways leading to the great wonders of the world.
However, despite the profits that one gets out of this kind of job, there are also concomitant risks involved in being a day trader. Here are some of the risky factors that may put you in the losing end of day trading:
• You may be in the losing end of a trade. Hence, you should try to figure out which are the winnable games and which are those games or system that would let you lose.
• Likewise, you may be in the losing end of trading if you don’t have good discipline. Say for instance, you are ignoring the trading tactics and strategies that you have for the day.
• Moreover, you may be risking enough if you don’t have enough risk capital. Engaging in this type of trading has its own accompanying stress which may be disadvantageous to you.
• Lastly, you may be in the losing end of trading if you engage yourself in an incompetent management of your money.