Day trading is perfect work for jobless peoples

pusaka

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Quote from: kamvreto on February 28, 2024, 07:57:55 PM

Quote from: snowpega on February 28, 2024, 05:20:26 PM

~snip~Let's say dear if one has lost all his/her money in trading how will he/she survive further? The stages of the traders are not always the same sometimes they make good profits and sometimes they have to bear big losses due to unexpected market behavior and many times their trades get traped so I always recommend that do not take trading like a job you should have a strong source of earning. Many Thanks!

Profits and losses must be considered too, both will definitely occur but minimizing losses really must be done. Don't suffer large losses due to unpredictable market conditions, you must have a backup plan so you don't lose too much. Trading is a job that really has to be taken seriously, it is a job that has to be treated quite differently, because it will be related to the profits you will have.

In trading profits and losses will go side by side and they cannot be separated from each other. We cannot continue to get profits and we cannot continue to feel losses if we really understand trading, even a professional trader still experiences losses, which is why we must know that both cannot be eliminated from trading.
One of the ways that we do not feel too big a loss is by setting a stop loss, it is the most basic way that can be done. Apart from that we also have to trade under certain circumstances, in my opinion it is not recommended to trade in a state of emotion or in a mental situation that is not very good, because it will affect our market decisions.

Fredomago

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Quote from: Hamphser on February 28, 2024, 08:14:06 AM

Quote from: Kelward on February 28, 2024, 07:15:42 AM

Trading is hard and it's risky too, so it's not advisable to have it as an only source of income, because it's not like your regular 8am to 5pm job, where you're sure that at the end of the week or month, that your income is guaranteed. It's dangerous to depend on only crypto trading to make money and take care of your responsibilities, because there's no guarantee that your trade will always be profitable, so if loses starts to occur, there's no how to pay your bills, besides it seems that most traders experiences more loses than profits. So it's better to have another steady source of income, and let the trading to be an alternative source of income, remember to trade with the amount that you can afford to loose.

If you have quit up your day job just because you have decided on making trading as your main source of income then you are doing suicide. Its not something a skill that you could really be able to acquire in a short period of time and also not all people or traders do really ends up on being that profitable with trading on which there's no way that you could be able to be profitable in a short time.
Its not a perfect work for jobless people. Okay lets say that you had been laid off and you dont have any jobs but you have decided that you would really be doing trading. Do you really think
that you could really be able to make yourself profitable on the day you have started trading?

You would really be able to make out those realizations on the time that you would really be that trying out to make money with the market.
You would be finding it hard and very challenging and not something you could easily grasps on.

Not something that you can easily grasp, there are many obstacle along the way and for sure if you don't have that good source of funds it will be tough for you to survive, there are many poeple who did try the same path thinking that trading can give them an easy access to success, a short-cut way to earn money but the reality, it's not but instead it's a place where you can easily lose your money if you don't have that right attitude and right understanding about the business.

There are people who speak up about their success but behind that success there are many failed trades that they went thru and they overcome with the help of enough funding to survive.

If you don't have that, better to think about it before bringing all in without any back up source of finances, trading can quickly sucks your investment out from your wallet.

kamvreto

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Quote from: snowpega on February 28, 2024, 05:20:26 PM

~snip~Let's say dear if one has lost all his/her money in trading how will he/she survive further? The stages of the traders are not always the same sometimes they make good profits and sometimes they have to bear big losses due to unexpected market behavior and many times their trades get traped so I always recommend that do not take trading like a job you should have a strong source of earning. Many Thanks!

Profits and losses must be considered too, both will definitely occur but minimizing losses really must be done. Don't suffer large losses due to unpredictable market conditions, you must have a backup plan so you don't lose too much. Trading is a job that really has to be taken seriously, it is a job that has to be treated quite differently, because it will be related to the profits you will have.

snowpega

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Quote from: asyezuner on April 02, 2023, 01:31:32 PM

In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.

No dear, Trading is not a good job because i also a risky part of earning if one has no job and only depends on trading as a job he/she may have to face so many problems. So the best thing is to always find a good job and take trades only if you have good knowledge about good trading for that you need to learn technical analysis and good fundamental analysis along with this you need to learn market sentiments which are not always the same and sometimes unexpected.

Let's say dear if one has lost all his/her money in trading how will he/she survive further? The stages of the traders are not always the same sometimes they make good profits and sometimes they have to bear big losses due to unexpected market behavior and many times their trades get traped so I always recommend that do not take trading like a job you should have a strong source of earning. Many Thanks!

Hamphser

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Quote from: Kelward on February 28, 2024, 07:15:42 AM

Trading is hard and it's risky too, so it's not advisable to have it as an only source of income, because it's not like your regular 8am to 5pm job, where you're sure that at the end of the week or month, that your income is guaranteed. It's dangerous to depend on only crypto trading to make money and take care of your responsibilities, because there's no guarantee that your trade will always be profitable, so if loses starts to occur, there's no how to pay your bills, besides it seems that most traders experiences more loses than profits. So it's better to have another steady source of income, and let the trading to be an alternative source of income, remember to trade with the amount that you can afford to loose.

If you have quit up your day job just because you have decided on making trading as your main source of income then you are doing suicide. Its not something a skill that you could really be able to acquire in a short period of time and also not all people or traders do really ends up on being that profitable with trading on which there's no way that you could be able to be profitable in a short time.
Its not a perfect work for jobless people. Okay lets say that you had been laid off and you dont have any jobs but you have decided that you would really be doing trading. Do you really think
that you could really be able to make yourself profitable on the day you have started trading?

You would really be able to make out those realizations on the time that you would really be that trying out to make money with the market.
You would be finding it hard and very challenging and not something you could easily grasps on.

Kelward

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Trading is hard and it's risky too, so it's not advisable to have it as an only source of income, because it's not like your regular 8am to 5pm job, where you're sure that at the end of the week or month, that your income is guaranteed. It's dangerous to depend on only crypto trading to make money and take care of your responsibilities, because there's no guarantee that your trade will always be profitable, so if loses starts to occur, there's no how to pay your bills, besides it seems that most traders experiences more loses than profits. So it's better to have another steady source of income, and let the trading to be an alternative source of income, remember to trade with the amount that you can afford to loose.

Lanatsa

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Quote from: boty on February 26, 2024, 09:35:15 PM

Quote from: bettercrypto on February 25, 2024, 10:46:30 AM

Quote from: asyezuner on April 02, 2023, 01:31:32 PM

In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.

Day trading is perfect if you are an expert in trading or have extensive knowledge in this matter. Because even if you get a small profit there, if it's every day, that's not bad. Because of my knowledge, you can get more profit than what an employee earns.

That's why there are different types of traders, and some of them are short-term traders, long-term traders, and scalpers, so only you can tell which of these types of traders you are.

If you have good knowledge in trading, of course that person will be able to easily do it whenever they want to trade because they will be able to do it correctly and also be able to get profits from trading, but to be able to do it every day, of course we have to have sufficient capital. we can use it for trading and also make stable profits from trading results because if we experience failure in several trades then we will not be able to continue if we have little capital.

Of course we have to choose according to the type of trading that we have mastered well and never try a type of trading that we have not mastered well with large capital. Of course we have to start with small capital first if we are just trying a type of trading that we haven't yet. we can master it well and with the experience we have gained we will be able to master the types of trading that we have not yet mastered.

Its never been simple and its never been easy and this is something that we should put up into our minds so that we wont really be finding ourselves to be that desperate on making something which we know that it isnt simple. Yes, you could really make trading as a form of living or something you could rely on, but acquiring such skill and knowledge isnt something that anyone could be able to take grasps on.
It would really be taking tons of time and effort for you to be able to do so. This is why it would really be that a wrong mindset that you would be pushing and would be leaving yourself that jobless
and wait up for your trading results on which we know that this is something that cant be so sure.

Its not perfect patch up for someones work but if could make yourself that sustainable then its really that an advantage compared to others. This isnt something a
skill that could be acquired by all.

Tigerheart3026

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day trading or weekly or monthly trading nothing is perfect work as alternative of job, because trading isn't a guaranteed things which given you only profits,
even it's quite impossible to earn money in daily. In the job your income is fixed but trading? most risky work, so it can't be a profession.

boty

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Quote from: bettercrypto on February 25, 2024, 10:46:30 AM

Quote from: asyezuner on April 02, 2023, 01:31:32 PM

In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.

Day trading is perfect if you are an expert in trading or have extensive knowledge in this matter. Because even if you get a small profit there, if it's every day, that's not bad. Because of my knowledge, you can get more profit than what an employee earns.

That's why there are different types of traders, and some of them are short-term traders, long-term traders, and scalpers, so only you can tell which of these types of traders you are.

If you have good knowledge in trading, of course that person will be able to easily do it whenever they want to trade because they will be able to do it correctly and also be able to get profits from trading, but to be able to do it every day, of course we have to have sufficient capital. we can use it for trading and also make stable profits from trading results because if we experience failure in several trades then we will not be able to continue if we have little capital.

Of course we have to choose according to the type of trading that we have mastered well and never try a type of trading that we have not mastered well with large capital. Of course we have to start with small capital first if we are just trying a type of trading that we haven't yet. we can master it well and with the experience we have gained we will be able to master the types of trading that we have not yet mastered.

Dr.Osh

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Quote from: the rise on February 24, 2024, 02:42:17 PM

If you think trading is easy and everything is about profit, you are not worthy, as for people who are successful in trading, they take great pains to gain technical knowledge and analysis, everything does not happen instantly, of course they have also suffered losses, if If you want to be like them, you also need large capital and are ready to lose

Well, it's a good idea to look for income elsewhere that is more stable, while trading. When you have gained a lot of profit from trading, you can focus on developing the business you have to create a constant income every month, so you can focus on trading. That's better than planning to dive straight into trading without having another source of income. That's because trading is a difficult thing, and it could backfire on you, you don't make a profit there, and you get a loss. If that becomes your main and only job, then it will be difficult for you to make ends meet.
Maybe many professionals focus on trading, but I am quite confident that they have sources of income elsewhere. Well, if not, then they are really taking a big risk.

Monarch B

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In my opinion it would be foolish to treat it as a profession. Because it has lots of ricks which can make you lose all your money.

A professional trader can do this because they have an additional source of income. They have a lot of money so losing something is not a problem.

But if you are learning now then be patient and expert there.

bettercrypto

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Quote from: asyezuner on April 02, 2023, 01:31:32 PM

In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.

Day trading is perfect if you are an expert in trading or have extensive knowledge in this matter. Because even if you get a small profit there, if it's every day, that's not bad. Because of my knowledge, you can get more profit than what an employee earns.

That's why there are different types of traders, and some of them are short-term traders, long-term traders, and scalpers, so only you can tell which of these types of traders you are.

AnonBitCoiner

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Quote from: the rise on February 24, 2024, 02:42:17 PM

If you think trading is easy and everything is about profit, you are not worthy, as for people who are successful in trading, they take great pains to gain technical knowledge and analysis, everything does not happen instantly, of course they have also suffered losses, if If you want to be like them, you also need large capital and are ready to lose

At start person should utilise less money because without experience win is not guaranteed so if unfortunately you loss in trading your loss will be less and you can learn well by using less amount.

With the passage of time there will be minimum mistakes of traders but it does not means that he will always win after getting experience. In this stage of learning a trader will loss huge amount so he should be ready for it and gather large amount for trading because less amount is not enough at starting.

the rise

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If you think trading is easy and everything is about profit, you are not worthy, as for people who are successful in trading, they take great pains to gain technical knowledge and analysis, everything does not happen instantly, of course they have also suffered losses, if If you want to be like them, you also need large capital and are ready to lose

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Quote from: sulendra12 on February 19, 2024, 02:36:56 PM

How do you even get money to start anyway if you don't have job to back up your investment. Unless you have a good alternative way of income source then I would not ever recommend to touch trading, just imagine if you lose and you don't have a backup money for your daily needs, that must've been really rough for you. Trading especially day trading is not everyone's game, you need time to do it.

If we only have the money for basic necessities, we shouldn't use the money for trading.
I agree that trading can result 2 things, earning money or losing money. There is no guarantee to earn money/profits in trading. The result will depend on our ability in trading and sometimes a little of luck. So, if we have no sufficient knowledge and experience, it is hard to expect regular money from trading. We can't rely on trading to fulfill all our daily needs.

Quote from: sulendra12 on February 19, 2024, 02:36:56 PM

You don't need to trade if you want to become a "boss", there are lot of ways to become one such as making your own business.

How can someone expect to be a boss in trading?
In trading, we must always keep learning and analyze the market condition.
We can't expect to be lazy and easy earning money from trading.

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Quote from: retreat on February 17, 2024, 01:47:53 AM

Quote from: Assface16678 on February 14, 2024, 06:40:22 PM

-snip-

You see, you can lose your funds or investments in trading, so imagine you don't have a stable job or are jobless, but in trading, do you have the guarantee that you will always earn from your trades? Even experts with long years of experience sometimes lose trades because there will always be a margin of error in every trade. So I recommend or not recommend, and I will mandate that you get a job first before you engage in trading; if not, then it's up to you what you will do in difficult situations.

Simply put a person needs a stable income before he trades. Because there is a lot of uncertainty from trading and it could put him in a bad position if he fails. So as much as possible, someone who wants to trade must have a side income, whether from his job or from the business he owns - don't put your full hopes on trading because it is quite risky.

A very good point, as aside from a huge amount of time that can be use to learn more about trading, most the factors that affects the account still need to be considered, especially the source of your finances, as we all know how risky it is when we discuss about trading, even you put all your time there's no guarantee that you'll be able avoid losing your position, there are always situations that you will failed with your decision making, and if you don't have a good source for your finances there's no way for you to sustain your trades.

A good and stable source of funding first then you can focus with your trading and continue to grow your knowledge, it's important to have that capability to make sure that you'll be able to sustain and work with every position you have during your trades sessions.

sulendra12

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Quote from: asyezuner on April 02, 2023, 01:31:32 PM

In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.

How do you even get money to start anyway if you don't have job to back up your investment. Unless you have a good alternative way of income source then I would not ever recommend to touch trading, just imagine if you lose and you don't have a backup money for your daily needs, that must've been really rough for you. Trading especially day trading is not everyone's game, you need time to do it.

You don't need to trade if you want to become a "boss", there are lot of ways to become one such as making your own business.

kojektea

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Indeed, daily trading is everyone's dream, especially me, but the main point is whether our daily trading will always be profitable? So what if we run out of capital?
This is the hardest problem, if you feel confident about yourself that your skills in trading will be profitable, yes you are free to do it, but if you feel that trading is always profitable, it's best to work for real.

WatChe

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Quote from: goldkingcoiner on February 16, 2024, 07:50:38 AM

Lol. So you think day trading is easy or does not take a lot of your time?

The truth is, with day trading you will either lose your money and your time or you will barely make any profit and lose a lot of time. This rings true for 95% of all day traders. In the long run, it would be smarter to just hodl your Bitcoin and DCA with the income from a job.

Day trading as a sole income source is possible, but it will take so much time that you might as well get a normal job and you would earn more per hour, relatively.

You are very much right in saying that 95% of day traders end up losing their money. Even experienced traders find it hard to handle day trading. It's better to do some other work for full day instead of wasting complete day by sitting in front of computer. Day trading is not an easy thing to do, you have to sit in front of computer for whole day since crypto market never sleeps.
If you want to do day trading then invest only small capital into it (as much you can afford to lose) and make sure majority of your capital is locked for long term.

retreat

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Quote from: Assface16678 on February 14, 2024, 06:40:22 PM

-snip-

You see, you can lose your funds or investments in trading, so imagine you don't have a stable job or are jobless, but in trading, do you have the guarantee that you will always earn from your trades? Even experts with long years of experience sometimes lose trades because there will always be a margin of error in every trade. So I recommend or not recommend, and I will mandate that you get a job first before you engage in trading; if not, then it's up to you what you will do in difficult situations.

Simply put a person needs a stable income before he trades. Because there is a lot of uncertainty from trading and it could put him in a bad position if he fails. So as much as possible, someone who wants to trade must have a side income, whether from his job or from the business he owns - don't put your full hopes on trading because it is quite risky.

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