Topic: Trading is not a lifetime job. - page 6. (Read 1559 times)

We are involved in trading and we have enough knowledge about trading but still I would say we must have a full time job along with trading. Having a full-time job means being sure,even if the results are against the results of trading, it is possible to meet your needs through your permanent job. In the case of trading, many times our results are just opposite, no matter how much research we do in trading, we can never get the results in our favor, if we do not have an alternative source of income at that time, but we can fall into financial disaster. Since my family is dependent on me, we must think and plan in advance so that my family does not fall into a financial disaster.

To be honest, trading can be a lifetime job if you are exceptionally skillful on it and is gaining sustainable profits every time you decide to trade. However, not all trades turn into profits regardless of our expertise in trading, as there are times that inevitable losses happen in the market. So for me, trading greatly depends based on your own personal experiences, and since we have varied experiences in trading, that also means we have different points of view about it when it comes to having it as a lifetime job.

I don't think anyone will want to stop trading if someone has made profits through trading very often every month. Because whatever work we do now is to earn money, so no one will want to stop trading if they can still make money from the market which can be done very simply even though previously they also had time to learn to understand the market and also understand how to trade. So that's the simple answer to this because it would be really silly to throw away a job that makes money.

Market is unpredictable and there's no way for us to be able to have that kind of fixed results or outcomes into our trades on which it would really be neither giving out that positive or negative results.

Trading could really be that something that you could really be able to tell that will give out that kind of opportunity that you could make it a job or something that could give out that income
but of course its something that you can be able to rely because not all the time that the market would really be that in together or with in line with your speculations on which means
that result or outcome will really be that vary from time to time.

If you do get to have that single job the living into this world wouldnt really be something that easy due to economical aspect and this is why it would really be resulting
into that kind struggle.

We cannot say trading as a life time job because all the time the situations are not according to us and sometimes the market becomes so bad that we cannot earn a penny from it. A lifetime job is true in a case if we continue trading for our whole life without considering win or lose but if we think about trading then I think it consists of more loss than a winning situation.

Trading is better than a job because it gives you huge money in a day but also remember that if the market remains unstable then you can also lose a huge sum very quickly whereas in regular jobs you are just earning according to your hard work instead of losing a large part.

There was an article that I read before that 97% of day traders lose their money on their first experience and the other 3% earns as much as a bank teller.

Though that may be the case, there are special exceptions to this rule. Remember that trading is all about experience. There are multiple factors in order to know the signs in which may give you an idea whether to invest in a certain cryptocurrency or not.

Going back to the discussion, trading is somehow a difficult job to be consistent with. There are others who found success in trading but there are lots of people who have experienced otherwise. At the end of the day, it really depends on how you view trading as a whole since saying that such is "not a lifetime job" invalidates the efforts of others who have made this their careers in their lives.


I only understood the last sentence you said- anyway, I do agree that a person may venture into other types of jobs whatever they want to. Generally, people trade cryptocurrencies and they view it as a sideline to their main job. While I do agree to a certain extent to what OP said, still, there is a handful of people who found success in trading and saying what OP said invalidates this fact.

Lifetime job, in my opinion, presupposes a person’s self-identification with a specific type of activity. Defining onerself through one`s profession. I believe that modern realities go beyond this definition, because people have to expand their skills and master something new in order to remain in demand and competitive. A person can consider himself a trader. But this does not mean that he will not have to master other types of activities throughout his life.

On the time that people would really be seeing other peoples or traders earning then there would really be that kind of boost up on which this is something that you would really be having in mind that
you could really be able to do the same even if you are just that a noob or doesnt have the idea on what it is. It might really that looks that too easy but on the time that you would really be stepping your foot
into the market then this is the time that you would really be considering yourself on having that kind of challenge on which you would really say that its really that too damn hard.
Trading isnt a job but its something that could add up an income which it would really becoming a sideline if you dont it well.

Not all would really be able to reach out such situation or condition because trading is never been simple nor really that easy to achieve. On the time that you had made up yourself
to go with trading then this wouldnt really be an easy stuff and it would really be taking up some time.

1)No, trading can be used as a full-time job if one is well knowledgeable about trading, I have come across full-time traders in my country and I can say that they spent time to develop themselves and they are making it every day and recently they have got enough money to start up other business that is giving them more money to keep doing their work on daily basis.
2) Who says trading is not enjoyable anymore have you been in touch with all the traders to find out that they are not enjoying what they love doing everyday that gives them money, hey you got to be kidding me right now because I have got a lot of people who only leave their house to get things but the whole of their properties, business, up keep and daily expenses, trading profit is used to take care of them.
3. People should be mindful of exchanges because they are not worthy to be trusted, several cases of lost of funds has been seen and discussed on the forum so using exchanges to receive funds is not bad but after the transaction it is expected you move your funds out of exchanges if you need to keep the money for a long time.

There are people that has earn huge from trading and we should not say it is not a lifetime job.
When you have something giving you money everytime, would you stop doing that same thing because someone said it's not a lifetime job. Trading is quite better than the regular jobs we hunt for because once we are getting funds from it, we should be satisfied and keep doing it to earn more from the market. Trading is good if we now how to go about it and make money foe ourselves.

If you make trading a full-time job or even make trading the only main income then I will honestly say that it is too dangerous an idea, because of course you have also said the right thing above that trading has the possibility of risks that we never expected which is very likely to make us experience losses along with experiencing some significant pressure that can sometimes make a trader stressed and not infrequently these situations make traders vent their emotions on trading by trading impulsively and not based on skills and knowledge but by emotions.

In trading there is absolutely no certainty for you to always be able to succeed in making a profit, because obviously the risk will continue to lurk you in every session where in addition trading is very draining our minds and mentally when we analyze a market and also when we are forced to be able to withstand emotions when experiencing losses, Therefore this is the reason why trading is more recommended not to be made as your main job, the fear is that when you are unable to hold your emotions that make you likely to experience a significant loss while on the other hand you do not have other income then obviously it will make it difficult for you to meet the costs of living. The bottom line is that it does not matter if you are involved in trading for a long time until old age for example as long as you are really able to maintain management, control along with other risk management, but as I said above that never make trading the only main income.

This is true, getting to a level where you could say that you are making money based on what you are trading and with that money trying to live with it, is hard. First of all, you need to spend a certain amount of money every month to be able to survive, and that means you need to make at least that much every month, but you also need to make more than that most months so that on the months that the market is bad, you may fail to make that much money and in return you should be able to spend the money you made on the previous good months.

These are all hard stuff and very difficult, of course not everyone will see the same situation and I believe that we are going to end up with a lot of trouble if we are not careful.

it's very normal if you lose at the beginning when trying to trade, 99% of traders at the beginning definitely experience the same thing ^{(me too)}

good for you, you want to learn from your past mistakes, you don't stop trading because you know that it's all just a process, failure at the beginning is normal, giving up only makes everything in vain.

people do trading of course to make money and profits, and out there there are many traders who make big money from trading, therefore it's not wrong for everyone to try to become a trader because the results they get are very good and quite profitable if they make a mistake can be minimized as small as possible.

True, maybe it depends more on the choice of each person, because there is nothing wrong with continuing to trade in the market if for example they feel that they have the skills and knowledge that are qualified enough to trade with the aim of making a profit then yes there is nothing wrong as long as in addition to their knowledge and skills in trading they also have to really make sure that they have good and good risk management to maintain their safety in the long run.

Yes of course everyone has a different point of view and this is the purpose of the topic which is to see various opinions from different points of view and we can see and judge about which one is more realistic or reasonable, and for myself honestly I don't have any plans about whether I will still be involved in the world of trading until old or not, because usually I am not a trader who is too active in the market or in the sense that I open trades when I have free time and it also depends on the moment if for example there is absolutely no moment that suits my strategy then I will not execute it.

People actually trade as a full time job and few of them are successful but the reality is that, it's not an easy path. Just as you mentioned, there is risk, stress and lot of challenges in trading profession. Some of these reasons you mentioned can be manageable during trading although they can not be sustainable for a long term but this no.2 caught my attention. I mean why would anyone continue to do something that stress them and doesn't even provide them with a good income? Who does that? Financial reward is the main reason why people trade and if the earnings are not coming, the motivation, passion and interest will definitely disappear.

We have to face the reality, trading may work out well for some people and they may probably make it their lifetime profession but it's not sustainable for everyone please.

However returning to our goal in trading, namely to achieve or gain profits, if it is possible to continue to gain profits with the skills we have in trading, I think we will continue to do so.
although there is a lot of debate and I think that is quite a natural thing because everyone has a different perspective.
And personally, I also anticipate many things in trading as mentioned, so if the goal is no longer possible to achieve for various reasons, then I will also decide to stop and look for profits in a different place.

Everyone sees an opportunity to make money and when we have an opportunity then pursue it because something that is fought for with knowledge will give much better results. There are many ways that people take when they are successful in trading and want to open up wide avenues to make money, with many ways we will receive many sources of income as long as we are able to control and know what to do. The most important thing is not to be greedy and if you want to develop another business after trading, you should choose one that meets the criteria that we can carry out.

Very often people end up much worse off because of greed and if we are not able to control it will actually make everything disappear. We must have self-control so that the decisions we make are really a good start for the journey ahead and don't force something we can't do because it will end badly.

I agree with you almost in all the three points you mentioned. The first and second one can be debated and have a talk on but the third one is very much increased nowadays. Due to scams people are very disappointed from trading and they quit.

We have to launch campaigns and awareness courses so that people could be well aware of the tactics and techniques which scammers use to scam people. Once that will be over then people will feel more confident in investing and making their careers in crypto.

Maybe most of us trading communities in the crypto space have experienced what you are saying, but if we don't stop instead we continue our learning process in learning trading,
it's fine if what we do produces good results.

My example is myself. Until now, I've been studying trading for 5 years. I'm still trading here in crypto, and I'm getting profit, which helps with my expenses in life, honestly speaking.
Although I'm not saying this is a lifetime job, as long as mine is helpful and beneficial, let's go.

It is true that in this case it really depends on those who carry it out and it will be very pleasant for those who have gone through their difficult times so that they have been able to gain profits from every trade they make and for those who have not passed the learning stage of course they will find it very difficult because they are still they have to learn a lot patiently so that they can make a profit from every trade they make, considering trading as a profession then this will make someone continue to trade which can make them profit from the trades they make.