Day trading is perfect work for jobless peoples - page 15.

MuffinMaster

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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.

For me it's just a hypothesis with no link to reality. Day trading is like playing with fire and not everyone can handle it. Even experienced traders have to face losses in day trading.

I won't prefer day trading over job since job gives a guaranteed return at the end of every month which is essential to meet your requirements. To me crypto is about long term investment aka buy and hodl for long time.

Digital_Lord

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getting job is not easy these days because population is increasing and resources are limited therefore engaging in any field for getting profit will be better. Day trading is good option for jobless people but they should have knowledge about it because if they don't have any knowledge then it will become impossible to get profit. One more important thing about trading is that you can do it from anywhere and anytime there is no restrictions of time and location like that of job. Although day trading is full of hazards but you should realize about its features and remember about one thing that success is not sure in this field therefore you should be prepare for every situations that comes in a path of success.

Fondarchand

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Day trading is very risky and you don't have any idea that will you be profitable or loss your own money whereas having a job is beneficial as compared to trading as your money will be safe and constant. Newbies should start from investement not trading because with investement your percentage of losing money will be minimum and if you select a stable coin then your money will be safe as well as it will increase in price too. I think working under your boss is better than lossing all your money in day 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.

I disagree with this statement.

A person without a permanent income (i.e. unemployed) is psychologically unstable. In my opinion, it will be very difficult for him to engage in day trading. Such trading provides for a psychological emotional swing. Sometimes you make a profit and sometimes you make a loss.

If you do not have a steady income, then faced with a long series of unprofitable days, you will feel emotional burnout and may even become depressed.

I do not consider a situation where a trader has a solid capital (for example, real estate that can be rented out).

Issa56

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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.

So you mean a jobless person can depend on day trading, I don't really think that's a good idea, why will you depend on day trading and you are having family to feed, you think trading is kind of easy the way you think, the only time you will enjoy trading is during the bull run, but during bear market, only experienced traders are always making money. I think it's even a bad idea having just one source of income, you should be having multiple source of income incase if anything happens to one there will be back up, if you are a trader, then get another thing doing.

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Re: Day trading is perfect work for jobless peoples

Can I ask you OP? Did you experience trading already? Did you tried quitting your job, and invested a thousand dollar just to trade? Because from the looks of your post, I don't think that you've ever did it because you are saying things that realistically impossible.

Day trading is perfect for jobless people? How do you say so? Remember that even the experts aren't 100% winning on their trades, and their are still times that they're losing money. Just imagine you are a jobless person right now, tried to invest money into trading without proper experience, and all of a sudden you lost? What will you do after that? You will go again and find a job just to recover your losses in trading?

I'm not saying that the subject topic is wrong, but it's irrelevant at least for me. I mean why a jobless person prefer being jobless, and instead go day trading? Trading while having a main income is possible, so why not find a job while doing trading. After all, you aren't watching the charts 24/7 right?

KingsDen

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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.

In as much as some users on this very page would not support your idea. I would say that you are very correct about what you said.
Day trading can be a full-time job for people and I have a friend who does nothing but the trading of cryptocurrency and he is massive and is comfortable with his family.
I mean this guy is teaching his kids how to trade and make profit. That is the only aspect I am against him teaching his kids under 18 how to trade. But he told me that this is what he got to give to his kids. Believe me they making profit. He knows the way, he knows how to control his emotion, he has the fund and he does everything necessary. He has a target sometimes $10 $20 a day and he stops trading.

Most time trade with about 10,000 dollars and make profit of $500. He's out of the market. I mean he's doing well.
For you to belong to this category. I think you have to invest your time and learn well then have good capital to start trading.

xSkylarx

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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.

Jawhead999

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Yeah day trading is perfect work, but does every trader is making profit in day trading? does no one is lose in market?

Before talk like that, why you're not try day trading for at least a month and share your experience if you're making profit or you've lost all of your money. Day trading is very dangerous, most of people can't do that because they need to be discipline enough, not blindly buy and then stay in front of your PC until the price is increase.

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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.

Thats good if trading daily can sustain the income or profits they can get out of everyday but mind you that earning in trading isnt easy as well since you need to become more proficient, plus having it as a source of income might really have put some pressure on you. So it always good to have a regular job or business as a source of income. Then do sideline trading while on 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.

Yes it could be a option but it could be also risky . There is no guarantee that trading will always be profitable. But nowadays, trading has become easier due to various features in the exchanges, such as stop limit in Binance to avoid an option loss. But if you want to make secure earnings, you can select the top pairs of bitcoin or altcoin. But in this case your initial fund should be more, although it depends on your daily expenses.

savetheFORUM

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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.

To make day trading a source of income and become a full-time day trader, you would need a pretty high capital to start with and proper knowledge and experience so that you don't lose the capital with hasty and unrealized decisions. Trading cryptocurrencies involves great risk as well, so a person would need to take all the steps very carefully.

Though it's right that a day trader's life is pretty good and full of freedom and free time for friends and families, it is also very challenging as it is not always that easy to earn profits from trading on a daily basis.

adaseb

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Yeah the OP makes no sense or has never really traded with real money. Most people here do this for fun as a hobby and already got a job somewhere.

They get emotional over a trade and end up losing more money but they still have their day job. Imagine relying on trading to pay your bills? You know how stressful it would be?

You need like a year or 2 worth of money set aside for bills not including trading capital. Or live at home with your parents who will pay your bills.

andriarto

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trading is a job of choice. not everyone can do it, let alone for day trading. even those who choose trading is the main job, he is not jobless, but a choice. with trading they can do it anywhere and anytime, even if there are outside activities, of course they will place safeguards and targets, so all they have to do is monitor them. such freedom is for them so they can enjoy life

MusaMohamed

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Quote from: GreatArkansas on April 02, 2023, 09:12:04 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.

GreatArkansas

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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.

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Quote from: sheenshane on April 02, 2023, 05:46:03 PM

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.

Yes, that's possible and it could be a lucrative way to earn income.
But that isn't ideal if you only rely on day trading without a stable source of income, which can involve significant risks and it requires a great deal of knowledge, skill, and experience to be successful, and even experienced traders can have losing days.

I disagree that day trading is a perfect way for jobless people, it's too risky for them without a stable source of income.
Still a good decision to have a traditional job and look for more resources and start trading for another source of income. Because trading may not be the best fit for everyone.

if you are a beginner on this market, you should have main job to get your basic necessities. you can't get the profits that you want if you are just starting to grasp this market. aside from that, this is indeed not for all jobless people. if you have small funds and you don't know what you're doing, you can easily lose it at one trade. many traders started from nothing, but remember, you can only win on this activity by your history of experience as you acquire a lot of tactics to win in your trades.

BobK71

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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.

Do you think trading is really easy? New trades can be taken easily by someone but reviewing them and extracting profit from there is very difficult task. Many skilled traders often lose big while an unskilled trader has more risk. Profits and losses are normal in trading. A trader needs to have knowledge about many things. He has to have knowledge of world economy, politics at all levels. A man can trade even if he has a job but fails to trade even though gives up everything. A trader needs to be knowledgeable in all relevant matters first. One should not leave everything and rely only on trading. In this case, there may be a big financial crisis.

sheenshane

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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.

Yes, that's possible and it could be a lucrative way to earn income.
But that isn't ideal if you only rely on day trading without a stable source of income, which can involve significant risks and it requires a great deal of knowledge, skill, and experience to be successful, and even experienced traders can have losing days.

I disagree that day trading is a perfect way for jobless people, it's too risky for them without a stable source of income.
Still a good decision to have a traditional job and look for more resources and start trading for another source of income. Because trading may not be the best fit for everyone.

pixie85

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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.

You're right.

The way OP is saying it make it look like anyone could do it. The truth is, you need money to buy decent PC. You can't efficiently trade by using your phone.

You also need some money to start. Trading with $100 will not be very successful since beginner traders often are at a loss and even if they can earn some money 1 month they will probably lose some the next one.

It also requires some basic knowledge and psychical predisposition to trade. The more scared you are of losing money the worse you will perform. You need to be calm and calculated.

If any of you want to be a trader, especially in crypto, be aware that more than 80% of traders lose money. If you're at 0 profit after a month of trading you're doing better than the majority!

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