I Am A Day Trader.

Dec.29, 2007 in Investment Opinions, U.S Hot Stocks

It’s 9:00 Monday, and I awake to the sounds of my alarm clock. I couldn’t be happier: It is the beginning of another trading week. I roll out of bed, “commute” into the next room, and turn on my computer. the work week has begun.

But this is not your typical 9-to-5 job. There is no office to go to, no car pool, and no “good mornings” to co-workers. There is no boss in the next room. I don’t produce a product, nor do I sell one. When people ask me what I do for a living, I pause. In fact, I don’t really “do” anything. There are no clients, no projects, and no deadlines. There are no co-workers, no staff, and most of all, no friends. I am known by account number only. I am in total isolation. The entire day I may not see or speak to another soul. The work is extremely intense. The pace is fast. In many regards, this is warfare. It is a job unlike any other in the world.

Sometimes I do feel guilty. I am 25 years old and I answer to no one. My day is spent ion the comfort of my own home. People may criticize what I do, but on a good day I can make more money in a single afternoon than most of them may make in three months, without ever leaving the house. Still, I am not providing a service to anyone. Is the world a better place because of what I do? Sometimes I don’t think so. Very few people understand. They think it’s gambling: I tell them it’s not.

I am a day trader. My job is to buy and sell stocks for a living. I do not work on Wall Street. My seat is not on the floor on the New York Stock Exchange, it is in cyberspace. This is rarefied air. These are untested waters. I am among a new breed of entrepreneur and this is a new frontier. But do I have What it takes? Mentally, am I strong enough? I’ve been doing this for almost two years. In the past I have made very good money. But the past is for coards. And there are no guarantees. Today I must make money.

It is now 9:30. The bell has rung and the stock market is open. I take my seat at the table with the world’s biggest banks, brokerage firms, and mutual funds. The chess match has begun.

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