I was a daytrader for many years and it almost killed me.
I made money by making profits on my own money and also taking a percentage of the profits for the people I traded for. I traded up to $40 or $50 million a day at my peak. I did this from 2001 to 2004.
I learned about daytrading but I also learned a lot about myself and what I was good at, what I was horrible at, and what I was psychotic at. Things that had nothing to do with daytrading.
Daytrading is the best job in the world on the days you make money. You make a trade, then maybe 20 minutes later you are out of the trade with a profit, and for the rest of the day you think about how much money you made.
It's the worst job in the world on a bad day. I would make a trade, it would go against me, and then I wanted my heart to stop so my blood would stop thumping so loudly.
I did it for years, though, because I was unemployable in every other way…