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Tesla ($TSLA) and I are good friends, We meet each other several times a week to do battle in a game of chess, otherwise known as the stock market and day trading. Day trading can be a very lucrative way to make money as a side hustle or full time job; however, it can also be a painful adventure at times. I will be the first to admit that talking about all the money you can make and how you can work from anywhere that has internet is the fun stuff and what I want to talk about. With that being said, there is a much more important area of day trading (which is way more boring) that must be mastered: risk management. Learning how to control your risk is extremely important because at times, the market is going to punch you and try to knock you out of the game. The stock market is a very rewarding place if you know what you’re doing, but it’s also a very destructive place if you don’t know. I love being a day trader. I love being able to work from home and spend time with my family. I also love the challenge the life of a day trader brings. You will have moments as you’ll see in this video where you’ll get punched, but that does not mean it’s got to be game over. Risk management, while a boring topic, is a topic and skill that’ll keep you in the game and keeping the opportunity available for you to thrive once again. Let me show you what I mean with all of this by using some of my personal day trading results!
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