Is Day Trading Easy
What is the easiest way to make money?
I would like to become wealthy, but I am not sure what the best way is. I currently have 2 college degrees, but the job I have only pays $30k a year for 40 hours a week. I have been offered jobs that pay more, but they want me to work more hours. I would like to find a way to make more money in an easier way. I have been looking at trying to do some day trading on the stock market, but so far have not figured out what stocks are good ones. I have tried picking out the stocks that are losing the most, but I have found that those stocks tend to lose even more and sometimes become worthless. Please give me some good, easy ideas for making money.
Day trading is not something you can just “get into” and expect to make a living wage. I suggest that you think about what skills you have (can be anything) and consider offering a service. I have a good background in math, so I was able to make a good $500-$800/mo. residual income as a private math tutor at a university (I charge $30/hr, which is considering extremely cheap in the math tutoring world). If you are good at a sport, consider offering private lessons. If you like to wake up EARLY, then substitute teaching might be a good idea. You can get $70-$80 for a day of subbing, but you have to wake up at 5:30 or so. That also might not fit in with a regular 9-5 job.
Advertise yourself on craigslist.org, or by posting flyers in your community and at universities. You don’t need some company to leech profit off of your hard work – just sell your services directly to other people.
All said and done, to get truly wealthy you eventually need to invest. Go for long-term growth and buy stocks or real estate. But don’t gamble it away in day trading.
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