Day trading is perfect work for jobless peoples - page 11.

irhact

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Quote from: borovichok on April 13, 2023, 07:50:23 PM

Day trading is even more profitable than the long-term investment because it involves triggering your Profits daily and also making losses. I can cope with that, other than waits a full year and what if the project doesn't turned out to be solidable at the end,

I believe you're referring to altcoins investment and not Bitcoin because Bitcoin can't fail or be unsellable, if Bitcoin does fail then we won't have a market anymore. Altcoins are very risky investment, for your example use investing in Bitcoin and holding and then trading of Bitcoin. Holding has been more profiting than trading and those who held their Bitcoin instead of trading at are the most successful.

Trading can be profitable but you have to go through risk daily and some days mightn't be profiting and then if you don't have the emotional strength to put those losses behind you, it'll affect your other trades. There's nothing bad with day trading and it isn't a jobless work but not just worth it, just buy and hold.

Inwestour

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Quote from: Mahanton on April 11, 2023, 03:47:39 PM

You should not make yourself that too desperate or making yourself in a hurry when it comes on making profits with trading because this is something that cant really be that possible or simply that could really be that so easy to deal with considering that this market is really that volatile.Being jobless then your main priority should really be finding a job first and dont make trading as your primary option because thinking that this
is the solution of your hardship when it comes to money then you do got it wrong.There's no way that it would really be that so simple on which a particular individual would
really be able to take a good grasps on trading in a short time.

Trading can be done without having to work for another job, but this is only possible if you have been able to create some capital up to this point, part of which will be used for trading, and the other part will be a safety net for you.

I realize that I could not earn as much from trading as much as I can earn from my job and probably the first question is about the stability of income, but this does not prevent me from working at work and at the same time studying trading, although trading for me is now on stage of study and I can’t talk about any stable income in trading.

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Quote from: asyezuner on April 02, 2023, 12:31:32 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.

Well, lets be honest, day trading isn't really the perfect work for everyone, especially jobless people out there. Yeah, it might give you freedom and all, but it's super risky and volatile. You can easily lose your money if you don't know what you're doing. Make one mistake, and you ruin your whole trade, ending up making your "broke" and jobless.
Day trading requires a lot of time and dedication to constantly monitor the market, and it can be more stressful for some without a job. I wouldn't recommend it for someone without a stable income or savings to back them up. Better to learn the market and start with a small investment if you really wanna give it a shot, but don't make this your main source of income.

Smack That Ace

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Quote from: borovichok on April 13, 2023, 07:50:23 PM

Quote from: martyns on April 11, 2023, 04:07:09 PM

You are right about your idea,but the OP's topic on the fact that day trading is for jobless people is really not good to use or say because not everyone is interested in making long term investmests or holding because they might consider that it takes a very long period of time to get money from holding.I know day trading involves a lot of risk,but it helps alot most atimes when you need urgent money,and when the money you put in trading yields good result,it definitely helps in paying some bills.

Trading only involves high rate of strategy,and only those who sit down to critically strategise and plan how to trade and it will bring out positivity,are the ones that can make gain in trading.It is not something one will rush or think you can just get it at a blow,it's something that need good strategy and a well planned strategy in order to get the desired result.

Day trading is even more profitable than the long-term investment because it involves triggering your Profits daily and also making losses. I can cope with that, other than waits a full year and what if the project doesn't turned out to be solidable at the end, it means our time and efforts would become a waste and we look for new project to invest in, I solemnly do not buy that idea. Traders open market position daily and make good mapping that will results in profits at the end of each trade, it depends on how accurate is your trading strategy compared to the seasonal development of the market.

It cannot be said that trading will make more profit than holding or vice versa. We don't have any proof for that, your profit more or less depends on your ability. Furthermore, we have heard of many people who became rich by investing and holding, but I have not heard of anyone who became rich through trading. Trading is extremely risky and not for everyone, even professional traders have no guarantee of always making a profit. Everything is risky, and the profit is up to you, not trading or holding.

Latviand

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It's perfect work until you start losing a lot of money from it because of consecutive bad decisions to invest in some tokens and then you realize that you don't have anything to fall back into. Not to mention that there's a probability that profit isn't guaranteed everyday and you work more hours so I wouldn't say that it's a perfect work for jobless people.

borovichok

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Quote from: martyns on April 11, 2023, 04:07:09 PM

You are right about your idea,but the OP's topic on the fact that day trading is for jobless people is really not good to use or say because not everyone is interested in making long term investmests or holding because they might consider that it takes a very long period of time to get money from holding.I know day trading involves a lot of risk,but it helps alot most atimes when you need urgent money,and when the money you put in trading yields good result,it definitely helps in paying some bills.

Trading only involves high rate of strategy,and only those who sit down to critically strategise and plan how to trade and it will bring out positivity,are the ones that can make gain in trading.It is not something one will rush or think you can just get it at a blow,it's something that need good strategy and a well planned strategy in order to get the desired result.

Day trading is even more profitable than the long-term investment because it involves triggering your Profits daily and also making losses. I can cope with that, other than waits a full year and what if the project doesn't turned out to be solidable at the end, it means our time and efforts would become a waste and we look for new project to invest in, I solemnly do not buy that idea. Traders open market position daily and make good mapping that will results in profits at the end of each trade, it depends on how accurate is your trading strategy compared to the seasonal development of the market.

martyns

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Quote from: Inspiron14 on April 11, 2023, 02:00:05 PM

In my opinion, trading on a daily basis is a bigger risk moreover trading daily,
of course you have to trade in futures trading, and that is the reason why it is very risky,
yes, if you are profitable, maybe just 1 day you can get more than $ 10, but if you lose, your capital will be lost, choose wisely.

You are right about your idea,but the OP's topic on the fact that day trading is for jobless people is really not good to use or say because not everyone is interested in making long term investmests or holding because they might consider that it takes a very long period of time to get money from holding.I know day trading involves a lot of risk,but it helps alot most atimes when you need urgent money,and when the money you put in trading yields good result,it definitely helps in paying some bills.

Trading only involves high rate of strategy,and only those who sit down to critically strategise and plan how to trade and it will bring out positivity,are the ones that can make gain in trading.It is not something one will rush or think you can just get it at a blow,it's something that need good strategy and a well planned strategy in order to get the desired result.

Mahanton

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Quote from: Inspiron14 on April 11, 2023, 02:00:05 PM

In my opinion, trading on a daily basis is a bigger risk moreover trading daily,
of course you have to trade in futures trading, and that is the reason why it is very risky,
yes, if you are profitable, maybe just 1 day you can get more than $ 10, but if you lose, your capital will be lost, choose wisely.

You should not make yourself that too desperate or making yourself in a hurry when it comes on making profits with trading because this is something that cant really be that possible or simply that could really be that so easy to deal with considering that this market is really that volatile.Being jobless then your main priority should really be finding a job first and dont make trading as your primary option because thinking that this
is the solution of your hardship when it comes to money then you do got it wrong.There's no way that it would really be that so simple on which a particular individual would
really be able to take a good grasps on trading in a short time.

Inspiron14

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In my opinion, trading on a daily basis is a bigger risk moreover trading daily,
of course you have to trade in futures trading, and that is the reason why it is very risky,
yes, if you are profitable, maybe just 1 day you can get more than $ 10, but if you lose, your capital will be lost, choose wisely.

xSkylarx

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Quote from: virasisog on April 09, 2023, 06:37:49 AM

Quote from: asyezuner on April 02, 2023, 12:31:32 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 isn't for everyone who only want to earn without mastering it and considering its risk. Keep in mind that in trading, you would be needing capital and you have to invest time and eagerness to learn everything about it because if you are jobless and want to make money from it without enough knowledge about it yet, you could probably lose more. It's for people who are mentally, emotionally, and financially prepared.

You will also feel pressured to earn or gain profit as you are jobless. I remember before when I lost my job, I wanted to like earn around $10 a day and that was my target, but I was just starting out, and because I am jobless, I pushed myself hard and learned it in just a couple of weeks, but the outcome was still useless, I couldn't still make my own strategy, I lost in the demo, and everything was chaotic. That is why learning to trade takes time and you should not quit. It is only good for jobless people if the trader is already averaging about $10 in profit per day.

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Quote from: asyezuner on April 02, 2023, 12:31:32 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 beautiful to imagine that;
- you keep making money smoothly from day trading + being with your family every day and doing what you love together, but what would happen if you did get into day trading?
- what are the happy things that will happen?

instead of fighting your mind, not everyone is suitable for daily trading, there are many influencing factors such as mental condition - capital - environment - motivation - skill.

being a weekly or a monthly trader, you can still make a profit. I'm going through that I will only sell 25% - 50% (gradually) when the market is bullish then go back to buying with a portion of 25% - 50% gradually too when the market is bearish.

dollarday

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Quote from: Crypto5060 on April 10, 2023, 11:50:15 AM

Becoming a full time day trader has the ability to offer you a financial stable life if can learn how to manage the risk involve in trading.

The issue is many are not prepared for the early loses that come with being inexperienced with trading, and then they quit before realizing the potential to become a profitable trader.

Risk versus reward becomes your best friend once you learn to properly manage your emotions and master a profitable strategy.

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Quote from: Gladitorcomeback on April 10, 2023, 12:57:42 PM

The strategies which you describes are good one but in my option even if you have a job, a day trading does not sound good because you have to keep your eye regularly on price as the price Fluctuates in a second.

If a person wants to enhance money then putting little amount in Bitcoin will be better but not for short term. In investment your risk will be little and one more thing is that depending on trading is not good because if your hope is just trading and you unfortunately loss money then what will you do? There will be no option for you to keep your money in other business as you will loses your money.

Trading can effects financial status because if a person loss little amount then he will try to recover that money so in this case he will face more failure.

I somehow still think that some people only expect returns from trades while they don't care about the risks. Even though trading is not as smooth as we think because price volatility will determine whether you will succeed in getting a return or even lose because of it. There are times when the strategy is not useful when the market trend changes not according to plan, it should be considered as a risk instead of ignoring it.

If actually day trading was the perfect job for whoever they were, then I think everyone would be trading instead of investing long term. I hope we understand how this market works and that perception has to change.

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Quote from: gocryptoz on April 02, 2023, 03:58:38 PM

yes day trading could be a good job for jobless peoples but only if you have enough money to invest and knowing how to trade like a professional traders to became a day trader you need to learn how to enters, exits
Trading psychology, Emotional control and all aspects of trading to attract the life that you want.

The strategies which you describes are good one but in my option even if you have a job, a day trading does not sound good because you have to keep your eye regularly on price as the price Fluctuates in a second.

If a person wants to enhance money then putting little amount in Bitcoin will be better but not for short term. In investment your risk will be little and one more thing is that depending on trading is not good because if your hope is just trading and you unfortunately loss money then what will you do? There will be no option for you to keep your money in other business as you will loses your money.

Trading can effects financial status because if a person loss little amount then he will try to recover that money so in this case he will face more failure.

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Becoming a full time day trader has the ability to offer you a financial stable life if can learn how to manage the risk involve in trading.

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Quote from: palle11 on April 08, 2023, 07:31:04 AM

A trader need to other jobs that he can source money from at least until a time he can be successful and consistently make profit from the trade. This means both scalpers and swing trader are involved. Op may be writing in terms of the availability of time for day trading because of the absence of job but it is not to think about it just on the straight way but to also look at the financial aspect of sourcing for funds if the account is liquidated. Every trader needs a source of income.

- You know that day trading can be done full time as long as you have enough knowledge on how to do it to make a profit every day.
And it's not really easy to do. It's not possible to base your income on guesswork here, it's not always like that, he must know how to use tools or understanding in chart or graph readings.

Because if you don't have the skills I mentioned, it can be said that you can't do day trading here in the crypto space if full time. You will really need another job and just do this crypto trading part time as a start to it.

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Quote from: asyezuner on April 02, 2023, 12:31:32 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.

People who think that just because you can spend time on trading, that means you can profit from trading, are not people who know trading fully well. It's a great way of making profit for people who know how to, doesn't matter if they have a job or not, if they are good at it then they are doing a good job and should do it, jobless or not.

But, if someone is not good at it and doesn't know how to do it yet, then it doesn't matter if they do it or not, they may do a great job at it, then they can keep doing it, but if they suck at it, they can be as jobless as it gets, have nothing to do all day, and still wouldn't mean that they will suddenly become good at trading.

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Quote from: Ziskinberg on April 09, 2023, 08:59:12 AM

Perhaps, they should be thinking multiple times before entering trading. They must have to know the risk involved here and the consequences of their lapses and mistakes. Because I really don't encourage jobless people to come and trade if they don't have knowledge and skills yet but instead, make use of their money (if they still have it) to find a job. And after landing a job, it was time to look back on trading and try it. What I was trying to say is that they should have secured their finances first rather than believing that trading could save them as it never works so easily, especially for beginners.

Only if you have been trading before and for some reason lost your job, but continue to trade, only in this case it can be a source of income for you. And even in this case, I believe that there should always be an additional source of income, even if trading has become your main source of income, you should have a safety net.

There are very few professional traders and they work very hard to understand the market and follow the trend. Imagine if it were that easy, every unemployed person could become a trader and make money from it, but this is not the case, so this is not the best advice for someone who needs a stable source of income.

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Quote from: Peanutswar on April 09, 2023, 08:45:22 AM

If the person you are talking about have already a good cashflow and assets I guess its ideal to make a trade, and those people who have a good background of money already can make a commitment with that kind of statement but if you are seeing a person who does not have this given statement I guess focusing in trading can be a waste of money if the person has a lack of knowledge and assets, we know how does the trading possible make a risk and how does the market get volatile with its price movement. If you are jobless but have skills in trading and have a small capital that can make a 5 to 6 digits figure, if trading is in your path but if not your just wasting your money.

Perhaps, they should be thinking multiple times before entering trading. They must have to know the risk involved here and the consequences of their lapses and mistakes. Because I really don't encourage jobless people to come and trade if they don't have knowledge and skills yet but instead, make use of their money (if they still have it) to find a job. And after landing a job, it was time to look back on trading and try it. What I was trying to say is that they should have secured their finances first rather than believing that trading could save them as it never works so easily, especially for beginners.

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If the person you are talking about have already a good cashflow and assets I guess its ideal to make a trade, and those people who have a good background of money already can make a commitment with that kind of statement but if you are seeing a person who does not have this given statement I guess focusing in trading can be a waste of money if the person has a lack of knowledge and assets, we know how does the trading possible make a risk and how does the market get volatile with its price movement. If you are jobless but have skills in trading and have a small capital that can make a 5 to 6 digits figure, if trading is in your path but if not your just wasting your money.

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