The Daily Journey Of A Day Trader - What Prompted Me To Trade Shares For A Living
Below is a MRR and PLR article in category Finance -> subcategory Wealth Building.
The Daily Journey of a Day Trader: Why I Chose to Trade Stocks for a Living
Summary:
My journey into stock trading began in 1994, aiming to outperform my C&G savings account. In my first year, I achieved a 24% return, followed by 20.4% in the second year, relying solely on teletext and Investors Chronicle?"without a computer.
I've always dreamed of leaving my job by the age of 50, but real savings were elusive since I never pursued overtime or bonuses, preferring gardening instead.
At 49, after the company I worked for was acquired by new owners, it seemed like time for a fresh start. To raise capital, I sold my modest home in a S.Warks village, paid off the mortgage, and relocated to a cheaper area. This took a year of planning, during which I explored various business options through franchise exhibitions and ads.
A Sunday Times headline about houses sold for under £10,000 caught my attention. The article mentioned properties in S.Wales, which appealed to me due to its beautiful surroundings. I searched for affordable properties near the Brecon Beacons National Park and eventually purchased a three-bedroom detached house for £23,000?"just before my 50th birthday.
Pursuing a franchise proved too costly and effort-intensive, so I decided to trade shares despite warnings about being underfunded. By 1997, online brokers were reducing fees, and financial websites offered new opportunities, making trading more accessible. The minimal overheads and lack of regulatory burdens made it an attractive choice compared to other businesses, which often required dealing with customers or employees.
Trading has been successful for me.
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