What would the ideal business look like?  Wouldn’t the ideal business NOT have all the headaches and hassles of a traditional brick and mortar business?  How about not having to hire and fire employees?  How about not having any overhead?  There are other things you could think of too, but what it comes down to is enjoying a business that you can truly enjoy doing and not have to be tied down with all the peripheral concerns of other businesses.

That’s what I think of when I consider day trading:  Day trading doesn’t involve any employees other than your broker.  It doesn’t require you to maintain a traditional business structure with stock and product.  In most cases it just requires you to have access to some charts, and a telephone – and a whole lot of wits.  More on that in a bit.

Day trading has been debated over whether it can be turned into a successful venture and actually provide a living for the person who does it.  There are undoubtedly some who have had great success as day traders  – most notably, Warren Buffett, for example.  But the question remains whether it is a wise strategy for all but the most savvy investor.

It can be turned into a successful venture, if you have these things:  You should have a good understanding of how the markets work on a daily time frame.  Secondly, you should invest enough time in testing your understanding of the markets by practice trading at the very least in order to devise your own strategy for trading.  Thirdly, you must have some capital to invest obviously.

With these things, it is quite possible that you can be a success as a day trader and reap the rewards, that only this form a investing can obtain.