Day trading is perfect work for jobless peoples - page 14.

Gladitorcomeback

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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.

It is true that day trading is good source of income but i am not agree with you that day trader is suitable for jobless person. Day trading cannot guarantee you profit because some time it can result in lose also. Possible reason maybe Market crash, failing of your trading coins and other factors which can cause lose. Day trading is not easy and its required skill and some knowledge. without proper skill you can day trading is risky especially for jobless person who has no backup after losing investment.

I will suggest Day trading as a extra income and profit can be used for luxury life because You can meet only your basic needs with a job and for luxury life you have to do some extra work and day trading is best option for this.

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Too many people always want an easy life, easy to gather with family and still make a lot of money, easy to fulfill life's desires and other conveniences, especially when you see many people who have succeeded in doing it without ever finding out how long these successful people were before they finally succeeded and enjoyed success from his trade.
Making trading as a second job will make it easier for you to succeed than when making trading your main income because the pressure on our psychology is enormous and when you don't make the money needed to meet your main needs, it will be even more stressful which will allow you to make the wrong decision. So as long as you still have a main job, don't leave it, until trading can really make you very big money.

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Quote from: Johnyz on April 04, 2023, 05:50:03 PM

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.

Trading is also a serious job that you need to focus, probably you'll spend a lot of time here than working in a company.
The good thing here is that, you can control your time and you will be the one to decide if you are going to trade or not.

Considering trading as your main source of income and as your job requires a lot of risk and knowledge about trading, the risk are high but the reward can also be high. I know a lot of full time traders and they are doing good. Patience will also matter in trading since its not always about buying and selling, most of the time you will wait for your strategy to work. I'm hoping to be a full time trader as well, this is a big dream for a small time trader like me.

risks in trading can actually be controlled according to our trading style. as long as it's in accordance with the rules we've planned, I don't think there's too much to worry about the risks. because most people forget their initial goals, for example from daily trading, because of wrong analysis, then they end up holding it in the long term. and actually if we are good at managing ourselves, we can trade anywhere and anytime, we can even leave transactions for other routines, by placing targets and SL

Obari

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Day trading isn't an easy job, so I disagree with you @ OP because In my opinion, I don't think day trading is met for feeble minds because day trading requires alot of time and attention and since it has to do with money and it also works on the principles of garbage in, garbage out which simply means that your amount of profit depends massively on how much capital was inputted.
I think OP needs to have a rethink if all you've wrote here where the stories they've told you about day traders because I would boldly say that, day trading isn't an easy task and say traders are one of the most engaged persons as there eyes are always fixed to the screen.

Johnyz

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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.

Trading is also a serious job that you need to focus, probably you'll spend a lot of time here than working in a company.
The good thing here is that, you can control your time and you will be the one to decide if you are going to trade or not.

Considering trading as your main source of income and as your job requires a lot of risk and knowledge about trading, the risk are high but the reward can also be high. I know a lot of full time traders and they are doing good. Patience will also matter in trading since its not always about buying and selling, most of the time you will wait for your strategy to work. I'm hoping to be a full time trader as well, this is a big dream for a small time trader like me.

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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.

It shows how good you're trading at. Tongue

Trading isn't a fun job, its real serious job which is more stressful than 9 to 5 job because its available 24/7 so you have to keep looking at the market all the time and also it can lead to mental illness when the results are not in the way as you expected.

jaberwock

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Quote from: MusaMohamed on April 02, 2023, 10:26:51 PM

Quote from: GreatArkansas on April 02, 2023, 10:12:04 PM

This is the best example that trading is also a difficult job it involves money and it will eat most of your time. There are some people who are underestimating people who do traders.
The worst part is trading will eat most of your time and sometimes you can't guarantee that you will have profits.
So, overall, we must have to balance our time when we are trading and we must manage it also.

How jobless people can have money for trading?

If they don't have regular income from jobs, how should they risk their life and put their family at risk with trading?

They should not use their personal or family savings for trading especially when they are jobless. If they lose all savings in trading, without jobs, they will have life-challenging problem that is not good at the end.

There are professional traders who consider and have trading is their main jobs. They are not jobless traders.

That is only the problem there, capital but a jobless person must learn how to trade well of course before anything else. After it, maybe they can find free sources of cryptos first like faucet or on this forum. They can also borrow money from their family members or friends because the consequences are less serious there in case they can't pay on time. That is the start of making trading a full time job.

For those who already have a job, they can still do trading in full as there are trading bots which allows them to trade on the background while they do their main task in the office or field. No need to quit our jobs this way. Other than trading, another good way of maximizing our income is crypto investing.

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Quote from: xSkylarx on April 03, 2023, 09:19:37 AM

All of us really want freedom, like a work from home setup where we are not drowning in tasks and things to do so that you can play with your family or just chill, but the sad truth is that it isn't that way. Yes, day trading gives you a lot of time, but that doesn't mean that it is profitable and those jobless people can make a living on it. Mostly for people like us who are making trading a side hustle, it is difficult to sustain it, mostly if you are jobless because you are looking for a profit on a daily basis because if not, you'll have nothing to eat. It is easy to say but difficult to do.

The very first and foremost thing someone should think of when they decide to become a day trader is the capital. Your profit from your trades depends on the money you've invested for each of the trades, if you invest $100, and get 1%, it's just $1, but if you invest $1000 and get 1%, that's $10 for you. So capital plays a very vital role in day trading.

And, I don't think that a person who is jobless and needs a source of income will be able to put together capital enough for him to be able to do day trading with the success that can make his life easier and he wouldn't need to do anything else apart from it.

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Quote from: lienfaye on April 04, 2023, 12:01:31 AM

It's really good to be your own boss. I mean, you don't need to work for other people just to earn. But if you're going to rely in day trading and will go full time, how sure you are to succeed as a day trader? Because it's a risky thing to rely alone in trading, especially if you have a family counting on you to provide for their needs.

That's the reason why I got interested in trading and I'm sure it's also the reason why others got into trading. Many people say that trading is not easy and you have to experience big losses before you succeed. But because I am very motivated that this trade will be the reason that we can get out of this severe financial difficulty, instead, this is what is making the difficulty worse for many.
I experienced many losses and severe stress in trading before. I backtested my strategy and I said that it works but why does it fail when I go live trading? I realized that the reason for this is our emotions. I always put it in my mind that we can get rich from trading in short period of time, so because that is our mindset, we can make trades without following the trading plan. So the probability that the trade will be a loss will increase.

For those who plan to enter trading because life will be relaxed, don't be fooled by that. Strong mindset and self discipline is what you need to be successful because it will be difficult to follow your trading plan without it.

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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.

Yo, if you're jobless and looking to make some cash while living your best life, day trading may seem like the dream hustle. But, don't be fooled by the hype. It takes a lot of skill, dedication, and hustle to make it big in this game. It ain't no easy come up, so do your homework, get some pro advice, and come up with a solid plan before diving in headfirst.

lienfaye

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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.

It's really good to be your own boss. I mean, you don't need to work for other people just to earn. But if you're going to rely in day trading and will go full time, how sure you are to succeed as a day trader? Because it's a risky thing to rely alone in trading, especially if you have a family counting on you to provide for their needs.

It's not easy as it seems and you need knowledge and capital to start your journey. Thus, much better to try it first, while not leaving your real job to see if it will work. Having an experience can make you realize how easy or hard it is to be a trader. Then, you can decide if you're still interested to be a trader and confident to earn from it.

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Quote

1. Capital
2. Knowledge
3. Emotion handling
4. Experience

Once you do have these things then i could say that you could handle out the market.Doesnt mean that you would avoid losses
but you would be able to sustain this unpredictable market. This is why lots of people are trying out their best to
sustain out.

I think it would not be right to make crypto and daily trading as your only source of income.Because the crypto market is a very risky and volatile market.Even if you have capital, you have experience, you have knowledge about cryptocurrencies, still it will not be right to depend only on cryptocurrencies.Along with crypto trading, another business or any job etc. is also necessary.Because you can use the crypto market as a side business but not completely depend on it.Because the crypto market is highly dependent on global news and any bad news can crash the market badly.When the market starts to crash on bad news, a lot of experienced people's lose their capital.And here it can become a lot of trouble for someone whose earnings depend entirely on the cryptocurrency market day trading.Therefore, it should be used as a side business and not as a full-fledged business.Because the profit rate is good and the loss rate is also very good.

Sweetbtc

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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.

There is no doubt that day trading is a great source of income but it also requires experience.Because just as the profit in day trading is very good, the risk of loss is also very high.Here if you get freedom from your boss but here you have to be prepared to face the risk of loss at all times.Day trading should be done only after you are well versed as trading within any token without experience can result in you losing your assets.The biggest advantage of day trading is that you can continue your trading from anywhere and at any time.Because the crypto market is open 24 hours and here you can continue your earnings at all times.Crypto daily trading is an excellent source of income for an experienced trader.In daily trading he can earn as much in one day as he receives as salary after one month.But for that first one should get complete knowledge about the market and all cryptocurrencies and various trading tools and indicators etc.

benalexis12

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If you are a jobless individual, you can do day trading as a practice. But if you are a beginner and don't know anything about it, I don't think it's a good way to make it your job.

It's good that you're still looking for a job, because where are you going to get the coins you're going to trade? Will you ask your parents? The electricity that you will consume when you go online with cryptocurrency, will you also rely on other people? you must be able or capable before you enter this world of crypto.

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Quote from: Unbunplease on April 03, 2023, 07:02:49 PM

What is a job? It is something that brings in, first of all, an income. That's why you can't call day traders unemployed. Of course, this job is connected with big risks - but that's the peculiarity of this job (if things are not going well, then you have to find additional sources to cover expenses (or, simply put, penalties for not studying the source of income enough). However, if you follow risk management, and get a sufficient level of knowledge - you can get a good income.

+1 this!

Op might trying to explain how trading been considered as something that is not a job in his place due the ambiguity and or still become something that not respected one ... many cases like this happened around my place as well especially outside the town where very few people knew it .

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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.

Got it but what about if a person doesn't know even how to trade, what about if he is already short funded, what about if a person who entered trading took his first trade and it is wrong because he went with all in and now he is losing pressure? Trading is not a stick of magic from where you swing it and here you go a lot of money. My observation is whenever a person starts trading he goes in the wrong direction he run before the profit he should prefer building experience and with that profit making.

it can be the magic stick for you but for that there are some qualifications that must satisfy first consistency, good trading skill, and good experience + some Luck with tea, and now you can enjoy good profits, pretty straightforward isn't it?

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What is a job? It is something that brings in, first of all, an income. That's why you can't call day traders unemployed. Of course, this job is connected with big risks - but that's the peculiarity of this job (if things are not going well, then you have to find additional sources to cover expenses (or, simply put, penalties for not studying the source of income enough). However, if you follow risk management, and get a sufficient level of knowledge - you can get a good income.

Dr.Bitcoin_Strange

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All I see here is you putting up a fact without a credible back-up theory. Jobless people need a real job, and crypto trading should be a support for their finances. The question here is, Who will be giving day traders the funds to keep up with their losses? Because not every time they make a successful trade, they encounter losses and sometimes run out of funds. When someone totally depends on day trading, the effect is that it will make them really relay all their needs or budgets on the profit they get, and they will tend to make sure they make profit for that day, which will let them trade with half or full emotions and will cause them to encounter server losses. I don't just think a person should relay all their needs on day trading.

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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.

Easy to say but it would really be hard to do.Why? You should consider out these factors.

1. Capital
2. Knowledge
3. Emotion handling
4. Experience

Once you do have these things then i could say that you could handle out the market.Doesnt mean that you would avoid losses
but you would be able to sustain this unpredictable market. This is why lots of people are trying out their best to
sustain out.

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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.

I'd never used to think that it was a perfect place for jobless people but I consider this a place to try.
We should have to keep in mind that trading is not for everybody. Of course, we can try to know what we can do but we never have to put everything and think that we can do this just like others. It was also important to know that we are different from others, they might be good at trading but possibly we are not or might be better than them. Many people had lose their money due to high expectation fo their self, many underestimate trading until they know the risk and incapabilities.

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