Trading is not a lifetime job. - page 7.

Jody.Drummer

hero member

Activity: 1498

Merit: 562

Leading Crypto Sports Betting & Casino Platform

Quote from: Nrcewker on April 18, 2024, 02:03:59 PM

It depends on people’s perspective. Trading is a game of skill. So if you got the skill intact with you, then yes you can really make living from it. Age is just a number. It doesn’t at all matter. If you still able to make profits from trading, then you should continue it, until and unless you are capable of. I have seen some giving up trading in early age also. So yes it completely depends on a person’s capability whether he can do trading for whole life or not.

Of course trading is a skill activity or something that is done by making skills as a fishing rod to get a certain amount of profit, but I think it is too risky for us to make trading the only place of income or make trading the main job to produce and fulfill all the needs of life, because after all trading has the possibility of risk which can sometimes be very significant especially when a trader is trapped in his emotions and situations like this apply to all traders whether they are beginners or experienced ones.

This means that it is better to make trading a side job to supplement the income from your main job because of course the name of the need will never be tolerated and what if for example you experience a loss while you really need money to buy something for the needs of life? this is what we should pay attention to which means it is better to prevent than to cure, on the other hand yes I agree that age is a number but I'm not sure that someone who is very old can do it right, surely there will be a lot of disturbances that he experiences when analyzing the market due to the age factor which should be used more for rest time, but yes it depends on each choice.

armanda90

hero member

Activity: 994

Merit: 552

Not requirement the limitation of your age, experienced until your level education degree I think its reason why trading could be life time job based on my perspective. In my opinion, to get offline work in daily day has limitation of age usually above 60 years old difficult get job and make bitcoin as lifetime hob is very realistic. During has chance to make profit every day and bitcoin could be passive income why not make bitcoin as lifetime job?
I think not much problem with many people increasing their financial condition after getting profit from trading, most of profitable spend for staking and earn passive income every month when current market not help well to earn profitable consistency. During trading help your financial and earn profit in daily day or monthly its not much problem to make trading as lifetime job.

Viscore

hero member

Activity: 3038

Merit: 647

Quote from: Nrcewker on April 18, 2024, 02:03:59 PM

It depends on people’s perspective. Trading is a game of skill. So if you got the skill intact with you, then yes you can really make living from it. Age is just a number. It doesn’t at all matter. If you still able to make profits from trading, then you should continue it, until and unless you are capable of. I have seen some giving up trading in early age also. So yes it completely depends on a person’s capability whether he can do trading for whole life or not.

I guess you’re right. People have different outlook on trading, some are seeing it as quite fun and profitable, while others are trading and end up with troubles or frustration. So it all depends how skilled or capable you are in trading, that let’s you find joy and satisfaction with it, while for those who are still new in the process might perceived it like more risky and stressful because it’s actually hard to trade following a very volatile and unpredictable market. And trading like a lifetime job is like carrying a burden that’s why majority don’t find trading as a lifetime profession.

serjent05

legendary

Activity: 2842

Merit: 1253

Cashback 15%

Trading can be a lifetime career. To those who have prepared themselves and give time to build up a good foundation and knowledge about trading. The longer a person trades, the better they perform in their trading activities since they accumulate experience and knowledge as time passes by.

Aside from that, it is a matter of interest and passion so individuals can have different perspectives about trading as a career path, and not because one thinks that trading is not suited for him means it is not suited for everyone. Remember, something that is too challenging for someone can be very easy and fun for the other one.

Here is an article of some famous people who thrive in trading that is still alive: https://www.investopedia.com/financial-edge/1112/3-of-the-best-traders-alive.aspx

Nrcewker

copper member

Activity: 2156

Merit: 536

Building my own Dreams!

It depends on people’s perspective. Trading is a game of skill. So if you got the skill intact with you, then yes you can really make living from it. Age is just a number. It doesn’t at all matter. If you still able to make profits from trading, then you should continue it, until and unless you are capable of. I have seen some giving up trading in early age also. So yes it completely depends on a person’s capability whether he can do trading for whole life or not.

Dewi Aries

legendary

Activity: 2688

Merit: 1091

Leading Crypto Sports Betting & Casino Platform

Quote from: retreat on April 18, 2024, 12:43:19 AM

I quite agree with what you say, because some of the older professional traders I have met have changed their direction to become just investors or opened trading classes with their experience to be able to earn money. They say that they are old enough, so they cannot spend long in front of the monitor monitoring market movements. Or they are old and spending more time at home with their family is much more enjoyable for them. That makes sense seeing as how trading is actually quite stressful and takes up a person's time and attention - even though there are some people who say that trading can be fun, I think it's just a lie to attract more people to trading.

Yes that's right, as time goes by a person gets older and when a person enters the elderly phase there will be a decrease in thinking power and memory in their mind which means that obviously this reduction in ability can make it very difficult for them in terms of trading to find daily or weekly profits that they have planned, therefore I think I will agree with the idea that most traders will start to retire from their trading involvement when they have entered the elderly phase.

Another reason as you said is that when they are old then they will not be able to last long to be in front of the monitor to monitor market movements or analyze which is another thing is the reduction of thinking power due to the age factor can make them have a high probability of making a wrong decision which ultimately leads them to losses, on the other hand of course trading is quite stressful especially when we see market fluctuations that make us feel significant worries in the mind and the scenario is full of pressure, and honestly I can't claim that trading is fun because after all the possibility of risk will continue to lurk someone when running a session.

shinratensei_

legendary

Activity: 3080

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: retreat on April 18, 2024, 12:43:19 AM

I quite agree with what you say, because some of the older professional traders I have met have changed their direction to become just investors or opened trading classes with their experience to be able to earn money. They say that they are old enough, so they cannot spend long in front of the monitor monitoring market movements. Or they are old and spending more time at home with their family is much more enjoyable for them. That makes sense seeing as how trading is actually quite stressful and takes up a person's time and attention - even though there are some people who say that trading can be fun, I think it's just a lie to attract more people to trading.

indeed a state where it might cause strain to our mental well being could never be fun.
but what they mean by fun I presume is probably the fact that when they are in profit adrenaline kicks in, they feel so excited with the progress they've made and consider it fun.
but the whole process is never fun personally I'm speaking from my personal experience being fixated on the chart 24/7 is never fun feels like too much effort being spent into watching out how the market plays out where really we should just set auto take profit on our trades its that easy.

I guess thats why as you said some more experienced trader are just leisurely using their money that are hard earned when they were still in their prime.
old trader definitely don't have the capability to be as fit as before anymore so it does make sense if they are teaching younger generation.
though its always better if they can get the grasp of current market condition for once.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: justdimin on April 18, 2024, 08:52:41 AM

Quote from: Z_MBFM on April 17, 2024, 10:03:20 AM

Trading is very risky because professional traders may make profit from trading with their own strategy but they also cannot always guarantee their profit. because no one can guarantee when the market will move in any direction, trading is very risky for everyone, no matter how professional. so it is better to use trading for part time and should not decide to lead life depending on trading. a separate source of passive income is essential to meet the regular expenses of life. so trading should not be thought of as a profession or a source of lifetime income in any way

That is true, if there was a way to guarantee income then all of them would have guaranteed it, we all know that it is not going to be that easy and we should all be careful about it. I personally believe that professional traders make a lot of mistakes as well, they just make a lot more trades so that means they have more mistakes but they make more profits as well so that is why they are doing fine.

An amateur may make 10 mistakes a month and lose all they have, a professional could make as much as ten a day, but they could make twenty or more right calls a day, so their mistakes would be a lot, the lost money would be significantly larger and yet they would not be able to really see that and that's important difference.

Its never been easy and it would never be and just said if it was that easy then all of us would really be doing trading. Somewhat its really that true that trading could really make out such probability that it could really be a lifetime job on the time that you would really be getting this lifetime skill which is something that cant really be easily obtain by a certain person in a short span of time. This is why it would really be that best that you should not make yourself that too optimistic because it would really be just make you desperate. Its not really that bad to have those kind of targets or goals but be sure to make it slow and constant or something that do talks about being that sensible on the things that you've been doing. Also, put up into your mind that this isnt something that you could be able to have a good grasps on your first try. This would really be that something that
will really taking up some time and would really be putting up tons of efforts.

passwordnow

hero member

Activity: 2926

Merit: 570

Leading Crypto Sports Betting & Casino Platform

Quote from: rojan on April 17, 2024, 11:21:46 PM

When I first started trading, I suffered huge losses due to many wrong decisions. But since I gradually gained good experience in trading, I did not face any big loss. But we always start trading with good experience in the market. But we can get good money from trading and if there is no wrong decision we risk big loss.

I think the whole point of whether you're full time or plans to do this until you die is not even a problem. And most of the traders are good except those that are starting out and to find out if a trader is good is not about his big gains but with how much he's losing. If a trader is able to minimize the losses then that's a sure thing a category that trader is a good one. Minimizing your losses and cutting them is a hard pill to swallow when you think that you're good with your trades. But if you're not able to do that at the right time then the mitigation of your losses isn't done properly. I may agree that trading isn't a lifetime job and just like any other job that you can be replaced anytime. For a trader, it is not his job forever because once he's able to save up money and able to invest in many assets and businesses, it's a big possibility that he don't want to be tired anymore with the market and just want to have a rest forever with it and I think that many traders are thinking like that.

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: Z_MBFM on April 17, 2024, 10:03:20 AM

Trading is very risky because professional traders may make profit from trading with their own strategy but they also cannot always guarantee their profit. because no one can guarantee when the market will move in any direction, trading is very risky for everyone, no matter how professional. so it is better to use trading for part time and should not decide to lead life depending on trading. a separate source of passive income is essential to meet the regular expenses of life. so trading should not be thought of as a profession or a source of lifetime income in any way

That is true, if there was a way to guarantee income then all of them would have guaranteed it, we all know that it is not going to be that easy and we should all be careful about it. I personally believe that professional traders make a lot of mistakes as well, they just make a lot more trades so that means they have more mistakes but they make more profits as well so that is why they are doing fine.

An amateur may make 10 mistakes a month and lose all they have, a professional could make as much as ten a day, but they could make twenty or more right calls a day, so their mistakes would be a lot, the lost money would be significantly larger and yet they would not be able to really see that and that's important difference.

Fredomago

legendary

Activity: 2954

Merit: 1050

Leading Crypto Sports Betting & Casino Platform

Quote from: retreat on April 18, 2024, 12:43:19 AM

I quite agree with what you say, because some of the older professional traders I have met have changed their direction to become just investors or opened trading classes with their experience to be able to earn money. They say that they are old enough, so they cannot spend long in front of the monitor monitoring market movements. Or they are old and spending more time at home with their family is much more enjoyable for them. That makes sense seeing as how trading is actually quite stressful and takes up a person's time and attention - even though there are some people who say that trading can be fun, I think it's just a lie to attract more people to trading.

Agree to that statement, in terms of those who are trying to encourage other people to engage into trading most of them are trying to upsell how successfull they are either for viewers /readers or possible target to sell their services, but just like what you mentioned there are experienced traders who choose to change directions maybe some already invest to another types of business or just wanting to wait on their target instead of trying to play against the trends.

Quote from: ancafe on April 18, 2024, 06:51:01 AM

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

There are many people involved in trading starting to try to find opportunities in other sectors to make money. One of them started looking for investment sources elsewhere and I asked them about it and generally they said it was a long-term move. Health problems will prevent you from being able to engage in trading and if the income is not good, people will definitely not be able to survive even if it is trading.

As for the stock exchange issue it is up to each individual and I am sure that before they decide to get involved in the stock exchange they have gone through consideration. In fact, we have to look at how the money we have remains more productive, so that when our health is disturbed there are ways we can do it so that we don't stop getting income but small and large problems depend on how someone manages

Just like what you mentioned more on time that being consume and the stress that you will need to embrace while you are still in this business, not all can take that long that's why they divert their attention to other types of venues, instead of keep chasing for their luck they choose to invest to another business and try their knowledge to succeed.

ancafe

hero member

Activity: 1582

Merit: 690

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

There are many people involved in trading starting to try to find opportunities in other sectors to make money. One of them started looking for investment sources elsewhere and I asked them about it and generally they said it was a long-term move. Health problems will prevent you from being able to engage in trading and if the income is not good, people will definitely not be able to survive even if it is trading.

As for the stock exchange issue it is up to each individual and I am sure that before they decide to get involved in the stock exchange they have gone through consideration. In fact, we have to look at how the money we have remains more productive, so that when our health is disturbed there are ways we can do it so that we don't stop getting income but small and large problems depend on how someone manages

Strongkored

legendary

Activity: 2772

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

I quite agree with the points you mentioned because that is what I experienced.
After trading for quite a long time, I finally felt that the stress level was increasingly bothering my mind so that I was no longer able to enjoy any trading activities, in fact it was quite disturbing to other activities because it was quite difficult to stop thinking about trading, especially when we thought we had entered the market incorrectly so that some decisions caused losses.
For point three, I no longer really trust new projects and only trade coins with a good rating on CMC and even then only for the long term, because day traders really take away my mind and energy in my opinion.

retreat

sr. member

Activity: 1008

Merit: 371

I quite agree with what you say, because some of the older professional traders I have met have changed their direction to become just investors or opened trading classes with their experience to be able to earn money. They say that they are old enough, so they cannot spend long in front of the monitor monitoring market movements. Or they are old and spending more time at home with their family is much more enjoyable for them. That makes sense seeing as how trading is actually quite stressful and takes up a person's time and attention - even though there are some people who say that trading can be fun, I think it's just a lie to attract more people to trading.

jrrsparkles

sr. member

Activity: 2380

Merit: 251

Eloncoin.org - Mars, here we come!

Quote from: Natalim on April 17, 2024, 05:35:53 PM

.
.
.
Why not just sit down and relax, and wait for our investment to grow rather than stressing ourselves to check always the market price?

This is where I differ and if you hangout with retired people then you will understand why just being in the relax forever is not possible at all. No need to go aggressive in trading and it's not profitable either for anyone but definitely they can prefer long trader and they won't lose any of their relax time if they do one or two trades once in a while and the fact is no one will say no to money, no matter how old they are.

rojan

sr. member

Activity: 1414

Merit: 361

Quote from: Z_MBFM on April 17, 2024, 10:03:20 AM

Trading is very risky because professional traders may make profit from trading with their own strategy but they also cannot always guarantee their profit. because no one can guarantee when the market will move in any direction, trading is very risky for everyone, no matter how professional. so it is better to use trading for part time and should not decide to lead life depending on trading. a separate source of passive income is essential to meet the regular expenses of life. so trading should not be thought of as a profession or a source of lifetime income in any way

When I first started trading, I suffered huge losses due to many wrong decisions. But since I gradually gained good experience in trading, I did not face any big loss. But we always start trading with good experience in the market. But we can get good money from trading and if there is no wrong decision we risk big loss.

BD Technical

member

Activity: 196

Merit: 11

#SWGT PRE-SALE IS LIVE

Trading is not a lifetime job because no one can tell when you will train and succeed or when you will sit down. Currently everyone is willing to do training but there are many who do not understand or many understand that it seems very easy and very easy to earn money but actually it is not. You will be very profitable when you come to chat and you can become fakir in a long time or in a limited time that depends on the market. Such a situation or situation in the market means that if you want to stay in the market, you must move according to the market. But earning by trading is not very easy but not difficult if you understand the basics or your concepts or if you can take it you have more chances.

Cryptomultiplier

full member

Activity: 770

Merit: 180

Eloncoin.org - Mars, here we come!

Quote from: SOKO-DEKE on April 17, 2024, 06:20:34 PM

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems

Honestly, anything someone is doing, there will be a time when they will not have much strength to do it anymore. So as for trading, it is not an easy task; it is really stressful, and because it involves serious thinking and requires some time to do research, anybody with health challenges will hardly continue trading.

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.

Despite the fact that trading is very difficult, there are some traders who are making a reasonable amount of money from trading always.When someone has a good foundation in trading and it knowledgeable about it, it will not be that stressful for them. There are people who always feel comfortable trading.

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

The issue of trust is there, but the best thing is to always move your money from exchange especially after done with trading. Once you are not leaving big amount of funds in exchange there will be no problem. No exchange can be 70% trust but still there still good ones existing.

Am of the opinion that trading could be a lifetime job because we have professional traders also known as merchant traders and they have so much experience that with the initiative of AI bots integration on many trading platforms, it becomes seamless and easy for these merchant traders to adapt and do better, making more profits and having enough time to do other meaningful oldie stuff.

SOKO-DEKE

hero member

Activity: 644

Merit: 544

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems

Honestly, anything someone is doing, there will be a time when they will not have much strength to do it anymore. So as for trading, it is not an easy task; it is really stressful, and because it involves serious thinking and requires some time to do research, anybody with health challenges will hardly continue trading.

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.

Despite the fact that trading is very difficult, there are some traders who are making a reasonable amount of money from trading always.When someone has a good foundation in trading and it knowledgeable about it, it will not be that stressful for them. There are people who always feel comfortable trading.

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

The issue of trust is there, but the best thing is to always move your money from exchange especially after done with trading. Once you are not leaving big amount of funds in exchange there will be no problem. No exchange can be 70% trust but still there still good ones existing.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Ricardo11 on April 17, 2024, 06:06:48 AM

Certainly trading can never be a lifetime job, we cannot earn money from trading all time. We must have losses at some point. If we don't have a permanent good job system, then we will not be able to cover these losses in trading, so it will have a lot of impact on our daily life. So we must have a good job system (From which we will get a good salary), So that if we have a loss from trading then we can cover that loss and continue trading again.

As you try becoming an established trader, you have to sustain it through having a stable job. But once you get there, you're starting to have the idea that trading can be an ideal thing for everyone.

It can certainly be a lifetime job.

You can be a digital nomad forever but at the same time, you can do trading as well. It could be your part time job forever but it's a skill that we have to learn in order to survive.

Losses are normal as if you're doing your own business from it.

Topic: Trading is not a lifetime job. - page 7. (Read 1559 times)