How to get a job as a day trader?

I'm a high school junior considering a future in day trading. Can anyone explain the steps I should take to get started? What kind of skills or education should I focus on to increase my chances of success?

Day trading can be a challenging but exciting field. The first thing you'll need is a solid education in economics or finance. Courses in these areas, particularly those focused on financial markets and investments, will provide a strong foundation.

Next, it can be extremely beneficial to understand data analysis and statistics. Much of day trading involves interpreting complex charts and datasets. Therefore, data interpretation skills can make a critical difference.

Emphasizing math, especially calculus, and statistics, in your remaining time in high school will be useful. Additionally, taking economics and computer science classes can also be beneficial as they often include relevant topics such as data analysis and modeling.

In college, consider pursuing a bachelor's degree in finance, economics, or a related field. Some schools also offer degrees in financial engineering or mathematical finance. These degrees pair the economic theories and market knowledge of a finance degree with the data analysis and statistical modeling techniques from mathematics and computer science.

Internships or part-time jobs at financial institutions can provide real-world experience while you're still in school. These can often lead to full-time positions after graduation. Typically, firms look for demonstrated interest and some level of knowledge about the markets, which you can gain from following financial news regularly and maybe paper trading (simulated trading to practice without actual money).

Consider also getting licensed. Day traders who work for large investment firms will need FINRA licensure. To get licensed, you usually need sponsorship from a firm, so this step might be after you've gotten your degree and secured a job.

Lastly, successful day traders often have strong analytical skills, great self-discipline, and an understanding of the psychological aspects of trading. The ability to stay calm under pressure, think quickly, and make fast decisions can often make the difference between success and failure in this field.

Remember, day trading involves substantial monetary risk and financial regulation compliance responsibilities. It's important to fully understand these aspects.

Overall, becoming a day trader involves obtaining a strong foundation in financial and economic principles, gaining practical experience, and developing the necessary personal skills. With these steps, you'd be well on your way to embarking on a career in day trading.