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Advantages of Day Trading | Independent Traders

Advantages of Day Trading, Day trading is one of the newest ways for independent traders to make a living without having to work for a registered firm.

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Advantages of Day Trading Independent Traders

Day trading is one of the newest ways for independent traders to make a living without having to work for a registered firm, obtain a Series 07 license, or pass any exams. Anyone over the age of 21 can start buying and selling securities in the privacy of their own home after doing about 20 minutes of paperwork.

There are dozens of advantages to pursuing this course, including the ability to profit in up or down markets, never hold shares overnight, and more. Here’s a brief list of the critical advantages of day trading.

1. Profit in Good or Bad Markets

Advantages of Day Trading

Most independent entrepreneurs who deal with the securities markets take both long and short positions. The essential advantage here is the ability to profit whether a particular company’s share price rises or falls, as long as you predict the direction correctly.

2. Don’t Worry About Fundamental Analysis

Fundamental analysis looks at the overall health of a company and is typically used to assess price changes and risk on a long-term basis. There’s no need for it in short time frames. That means if you usually hold a position for less than a few hours, you can apply one or more technical strategies to all your trades.

3. Avoid Pattern Day Trading Rule with Proper Account Size

One of the most attractive features of buying and selling securities during a single market session is that there is never a risk of losing money at the opening bell. You’ll be holding nothing at the open and close of each business day. All your risk is closed out before that final bell. Of course, it’s essential to understand how the pattern day trader rule works.

If you buy and sell the same security on four or more round-trips within five consecutive business days, you’ll be required to have at least $25,000 in your brokerage account. If you break the rule and don’t yet have an account that large, you’ll be frozen out of doing any transactions for 90 days or until you bring your account up to the minimum balance, whichever comes first.

4. High-Profit Potential

Day trading is one of the few areas of the securities field where independent, unlicensed people can earn generous profits in a small timeframe. There’s also a potential for large losses, and a person can even lose their entire investment if they overfund just a few positions and face consecutive losses. But with smart money management and a cautious attitude, it’s possible to earn a living by closing out your positions before the day’s final bell.

5. Low Startup Costs

Unlike many at home business ventures, there are virtually no startup expenses. It’s possible to consider your initial account balance as a startup cost, but that’s misleading because the money belongs to you, and you are allowed to spend it as you wish.

Other than a computer connection, perhaps a few educational books and a minimum opening balance with an online brokerage, it costs nothing to begin trading stocks and options from your home or office.

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Business

How To Maximize Cloud Computing For Your Business

If you’re a business owner and have been using cloud computing, this article will discuss several methods that will help you maximize cloud computing for your business:

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How To Maximize Cloud Computing For Your Business

As time passes by, technology advances to advance. With everything going digital now, the traditional use of portable hard drives is slowly disappearing. The best example is how businesses continue to take advantage of cloud-based services for convenience and mainly to increase their productivity. If you’re not familiar with cloud computing, it pertains to the delivery of services that stores and access data via the internet. It commonly includes servers, cloud storage services, online databases, and many others.

Most companies turn to cloud computing for security, data synchronization, and convenience. Flexibility and collaboration are also common factors. One advantage of using cloud computing services is that it reduces operating costs. Though it’s not often mentioned, sustainability is another reason why companies switch to cloud computing. Moving to the cloud lessens the usage of physical data centers, thus saving energy and reducing the impact on the environment.

There are many ways of improving your business with cloud computing. However, there are still companies that are yet to discover the full capabilities of cloud computing. If you’re a business owner and have been using cloud computing, this article will discuss several methods that will help you maximize cloud computing for your business:

1. Improve Security

Your chosen cloud provider comes with a security system. Because of this, your files are most likely safer in the cloud. However, essential cloud services only offer basic security, so you still have to be careful. Security breaches can badly affect your business. Hackers make these attacks, but sometimes they could also be caused by an employee.

How To Maximize Cloud Computing For Your Business

One way of improving cloud security is to employ features that help monitor end-user activities. By spotting suspicious usage patterns and activities, you could prevent a security breach. Training your employees and equipping them with security tools is the best way to prevent such attacks. This could be further enhanced by setting up additional security protocols and educating them on cybersecurity. Another way is to restrict access to important files. You can do this by setting passwords on such files.

2. Utilize File Syncing and Organization

The right cloud infrastructure solution for your business will provide your team access to the newest files anywhere. Instant file synchronization is another benefit of using the cloud. The cloud is a virtual location where you and your team can conveniently share files. This is very useful for businesses that allow employees to work remotely. With a stable internet connection, your staff can work from anywhere in the world and access files on any device, allowing flexibility.

Also, cloud data storage has a similar structure to a filing cabinet, where files are stored in folders within the storage (filing cabinet). It’s essential to construct a storage layout and establish a standard labeling system if you’re sharing access with your team. Organize your files from the beginning and as you go. This will make it easy to find and identify files whenever they’re needed.

3. Back-Up Data

Backing up data is another crucial security consideration in businesses. Similar to file syncing, you can update your backup data as you work with the cloud. The cloud can duplicate the data you input into another site (off-site) where they’re secure from threats. This will also enable you to access the backup data when an error occurs conveniently. More importantly, it guarantees business continuity and reliable data recovery.

4. Optimize Communication

Use cloud computing services that offer more features that optimize communication, like calendars and emails. This will help you arrange meetings more efficiently. You can even facilitate more extensive collaborations and set synchronized deadlines for projects.

Cloud computing data center. Storage cloud on computer data center background. 3d illustration

5. Monitor Data Analytics

Look for cloud providers that offer big data analytics. This will enable your cloud service to collect data about your business’ buyers, trends, performance, etc. Then, these data can be calculated to identify growth opportunities. Other data analytic services collect information that may help create solutions to your business’s workflow problems.

6. Stay Up-To-Date

System updates are a must in cloud services to patch up bugs, address technical issues, and adapt to the changing consumer needs. So, when there are system updates, make sure to implement them once you’ve verified compatibility where applicable.

7. Use Social Media

Social media is possibly the most successful platform in digital marketing. However, it is often overlooked as an application of cloud computing. Social networking sites will help you find your customers and easily share data with them through page posts.

Final Thoughts

Although there are numerous ways to maximize cloud computing for businesses, these are the most helpful. With the increased use of cloud computing, companies can quickly improve and boost their productivity and efficiency when these services are maximized to their full potential.

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