The Daily Journey Of A Day Trader – What Prompted Me To Trade Shares For A Living
Having first dabbled in shares in about 1994 as a way of bettering my C&G savings account, I knew I could do it and would find it interesting (made 24% in year one and 20.4% year two, using only teletext, Investors Chronicle and no computer).
I had always fancied quitting paid employment by 50. That was looking like a pipedream, as i never made any surplus cash from any job I ever had (never volunteered to do overtime, never chased bonuses – preferred gardening).
At 49 the firm I worked for got bought by Americans of the type that make good Americans cringe. Time for a sharp exit. The only way I could raise capital to set up in business on my own (or to buy a cheap franchise) was to sell my modest terraced home in a S.Warks village, pay off the mortgage, downsize to something barely habitable in a very very cheap area, and invest whatever was left. That took me a year to arrange, during which I attended numerous franchise exhibitions and weighed up every type of business on every page of the Yellowpages, regardless of what field. Also, read some inspiring...