Day Trading: Full Time Job

I find day trading to be a very promising strategy of making quick money no matter what stock market conditions are at any given time. The basic concept is to buy large amount of shares for same company, follow the stock price fluctuations very closely, and sell after a small jump in share prices within a few minutes or hours. The idea is that stock prices will follow a sinusoidal trend when they go up or down. Thus, if one picks correct entry and exit points, one can make money under any circumstances.

I tried day trading for a few weeks in the past and I made good money with 90% success rate. However, I was purely experimenting and I ended up paying huge chunks of my profit to brokerage company as commission fee ($7 per trade). Any serious day trader should use dedicated software and broker companies to prevent their wins get decimated by broker firms. My conclusion was day trading is not for people with full-time jobs since it impacts your daily work and productivity. However, serious day traders can make a good living. All you need is time, a fast computer and steel nerves. What you do not need is full time job.