Day Trading The Ultimate Work-From-Home Job?

Ever dreamt of giving up the daily grind? Want to strike out on your own and work from home, but don’t know what you could possibly do to make a living? Full time Nasdaq trader Harvey Walsh wondered just that, and now he asks “Is day trading the ultimate work from home job”?

We’ve probably all had the same thought at some time or another, as we trudge off towards another day at work – the same work we’ve been doing day in day out for years – “surely there has to be a better way?” Slaving away to make somebody else rich just doesn’t seem right somehow, but what alternative? Setting up a new business, or buying an established one, are both expensive and risky prospects. So how can the disenchanted employee ever hope to make the switch from wage-slave to total independence?

What Is the Danger of Buying on Margin?

One way to purchase stocks is to buy them on margin. Buying stocks on margin allows investors to pay for a fraction of the stock (usually around 50%, but it cannot go beyond this), and then borrow the rest from their broker. Also referred to as leveraging, buying stocks on margin can result in a large return when the stock goes up.Buying on margin allows you to purchase more stocks by using the assets you already have as collateral for the loan, and it also lets you to react quickly to new investment opportunities because you have the added money in your account.