If you were to design the perfect dream job, it might look a little something like this: no boss, no fixed hours, your office is your bedroom and you are no longer constantly overlooked for workplace advancement. If you like the sound of that, here are 6 reasons why trading might be your dream job.
1. No Boss
Every dream career sounds something a bit like this: no boss, no set hours, earn as much as you work for, work from home, and so on and so on. As a successful trader, this can be a daily reality. Traders work for themselves, keep all their own money (taxes excluded, of course) and do not have to deal with the workplace stresses that can often stem from a tyrannical boss or haughty supervisors-turned-supervillains. Working for yourself can be an empowering venture, helping you become self-sufficient but also fluent in the language of self-discipline.
Becoming a trader means that you work entirely for yourself, and that you alone are responsible for reviewing and monitoring your successes and failures; for some this can be a double-edged sword, but for those who can manage it, being your own boss is empowering and liberating, and can help you bring about your best work.
2. No More Boredom
Working as a trader means that you are rewarded with a competitive, exciting work environment where you have the opportunity to cultivate a skillset that will be indispensable within the greater world of work: the competitiveness, risk-taking and economic fluency that one gains working trading stocks is highly attractive for future employers in the case of a future career change, and highly indispensable in the financial industry in general.
Those who master working as a trader can be guaranteed to flourish in the financial sector if choosing to switch careers, and those who stay working trading stocks can be guaranteed that no day will be exactly the same as the next, and that your daily competitiveness – especially with yourself and your own personal records – is challenged day after day, leaving you feeling accomplished and fulfilled – if also a little tired – at the end of the working day.
3. Whenever, Wherever
Another component of the typical dream job is the ability to pick and choose when you work – for many this remains a pipe dream, yet for traders this is again a daily reality. Of course, there are limitations; the stock markets open and close with a rigidity that you might not find at an office, and political and social events can impact the stock market at any given moment. But on the whole, being a trader means that you are liberated from the confines of a 9-5 office schedule, and you can choose when and where you work. You could work as a trader from your apartment in Paris, your loft in New York or even start trading from your university dorm room and cultivate a little bit of financial experience.
Much like being your own boss, these liberties become something of a trade-off; being in control and choosing your own working hours means that you must invoke a sense of discipline to your schedule; it can become all too easy to let yourself slack off when you are your sole source of accountability. However, if you can strike the balance between self-discipline and self-indulgence, being a trader might be your dream career.
4. “Sole” Trader
Whilst being a trader liberates you from the problems that come with having a boss, it also liberates you from the problems that come from having a workplace – and thus having colleagues. For some, the office environment has always been inherently hostile and never been a place where it has been possible to feel at ease; there is always too much chaos, noise and strangers caring too much about other strangers’ business. There are many reasons why people dislike traditional office environments and the hierarchies that often come with them, but being a trader means that you are free from all of them; you can work alone, make your living room your office and never again have to worry about your drunk supervisor insisting on karaoke at the office Christmas party. Trading thus makes the perfect job for introverts and the antisocial among us.
5. No Academic Qualifications Required
There is no longer any need to feel locked out of job opportunities because of that D in maths you got when you were 16 – being a successful trader demands only a dedication to the job and a developed set of financial skills – but not necessarily in the form of an academic degree. Most – if not all – successful traders achieve their success through experience, learning the markets as they go and developing a nurtured sense of risk and caution. For those who want to begin, the advice has to be: just start trading.
6. No Limitations
The earning limitations for traders are abundant, especially as investment in stock tends to augment in value over time. Much like the trade-off between discipline and leisure that comes with being your own boss, effectively creating your own salary comes with its benefits and negatives too; primarily, that a person interested in becoming a trader must both understand the concept of caution, as well as habituate themselves with the possibility – always – of major financial loss.
Putting that reality aside, working as a trader can offer incredible financial compensation, with earning potential that only increases over time and as more experience is gained. In trading stocks, you can feel assured that you earn and work in a system of meritocracy; it is not you versus your tyrannical boss but you versus the market, and with enough caution, experience and prudence, you can defeat it and earn significantly.
Overall, trading ticks all the typical boxes for what might constitute a ‘dream job.’ For those with the knack at self-discipline and for those who love to challenge and be competitive with themselves as opposed to other people, a career trading stocks might just be the dream career that suits you.
If trading does sound like a dream gig, why not browse our trading courses and get a head start?