Is daytrading stocks a Full-Time Job?
I started day trading stocks since 1995. I started with about $15,000 and grew it to over $200,000 until the dot.com bomb hit in the year 2000. I ended up losing almost all of it. I started to try it again and I started with $20,000 and grew it to over $90,000 only to lose almost all of it again. I have got reduced hours at work since April so I decided to try again with only $5,000 and at this point have made it grow to $60,000. I use margin which is borrowed money and buy the most risky stocks available. I live with my mom and I told her that I feel this is Full-Time work but she feels I am expected to work at a 9-5 job regardless. I never told about how much I gained or lost. Does it sound like my stock picking skills are weak or is it like I feel more like a Full-Time job? If you were me would you continue to pick stocks on my own like I do and try to work also or shouldn’t I pick stocks at all?
Daytrading is a full time job according to the IRS.
Course – Day Trading Strategies (video 5)
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