By: Kathryn E. Jones
You see yourself sitting in your old armchair, buying and selling stocks, hoping to be the next success story. You’re interested in buying and selling on the same day, hoping to capitalize on a stock’s movement short-term. You’re up for an adventure, one filled with undeniable excitement and risk.
Yes? You may just be the next successful day trader according to Matthew Poll Day Trading.
There have been many before you in history. The furthest back, Jesse Livermore, an American trader “shorted the 1929 market crash, building his fortune to $100 million,” according to Investopedia. Though not successful in the long-term, others who followed him – William Delbert Gann – known for his mathematics, geometry, and astrology trading genius and George Soros, born in 1930, known as “The Man Who Broke the Bank of England” is known to have placed within his pocket a billion-dollar profit.
Linda Bradford Raschke, whose trading story is found in the equally successful book, “The New Market Wizards” by Jack D. Schwager, tells her story from the ground floor of the 1981 Pacific Stock Exchange to her current successes and losses some 40 years later, and how she has more recently stepped up to electronic trading.
And then there’s day trading star, Jane Gallina, who didn’t enjoy her job in 2004 working for the airlines and eventually made her way to day trading making “over $150,000 in a year trading penny stocks as a stay-at-home mom” (stockstotrade.com).
Did you know that “every day, 5 trillion dollars is exchanged in the foreign exchange/currency markets (Forex)” and that “thousands are getting a piece of the pie”? (Solving the Forex Puzzle, by Matthew Poll).
The question that remains is, do you want a piece?