>>>Yes, daytrading can be exciting but for me it's my occupation. I get my income through trading so I can't go throwing money at everything that comes along. I need to be more selective, decrease risk and prevent losses.<<<
It's my source of income as well, although I do wear different hats for the other individuals whose portfolios I manage. If you have a decent track record to present, you should manage the investments of other people...you can decrease your risk and prevent losses, like you said you need to do.
For example, I have very favorable arrangements, personally. Of all profits earned on every trade, I receive anywhere from 11-15% of it which is deposited directly into my own port. The burden of risk is carried square on the shoulders of the people who entrust me with their capital. Therefore, I have the ability to carry substantially larger positions than I could otherwise take, allowing me to profit well on ranges as low as 1/4 for a stock under $20. So, you can trade/invest to your heart's desire, enjoy the thrill, maximize your gains, and carry only minimal risk to your personal net worth -- unless you are risking your own capital, which I prefer to do mostly with the money I manage.
Try it out...because if you have a decent track record to present, some people will throw their money at you. I started by managing my family's capital.
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