12 or 13 Things I Learned About Life From Daytrading Millions of Dollars

12 or 13 Things I Learned About Life From Daytrading Millions of Dollars

By James Altucher

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…

Keep reading 12 or 13 Things I Learned About Life From Daytr… – The Altucher Confidential – Quora.

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