Day trading is perfect work for jobless peoples - page 16.

pixie85

hero member

Activity: 2128

Merit: 524

Quote from: gocryptoz on April 02, 2023, 04:58:38 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!

dothebeats

legendary

Activity: 3542

Merit: 1352

Excel is fun

This is a bad outlook. Day trading isn't stable; it doesn't always bring profits to the table, and at times will bring you losses. It's slow moving and you'll literally have to wait for a few weeks to turn to a meaningful, livable profit if you aren't trading huge amounts. It's still better to get a job, take what's left of your money after everything is already accounted for, then start trading. Doesn't have to be full time, you just have to know what you are buying, when are you buying, and when are you selling. A lot of users can attest to this, and it's easier to build up your money this way because you'll always have something to cover for your expenses and necessities.

crzy

full member

Activity: 2128

Merit: 180

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 indeed a job, which requires a lot of effort and consistency.
You have no boss here but you should do your best to make profit because this is not guaranteed and this is not an instant return, you can only enjoy trading once you have other source of income to cover your daily expenses. I believe, having a regular job is still better, trading is too risky to depend on.

Yamifoud

hero member

Activity: 2702

Merit: 517

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 would say it was one of the great options to consider and in fact, many people are already engaged in this and some of them got financially stable, who knows they can do the same as well. Yes, it is worth trying in order to know if they can really take the risk and carry the stress.
Anyways, so many online jobs were available at this time and the only thing we do is to choose a kind of work that we think we can perform well and in our comfort zone. But it was not just the option, if we have money enough to run a business, that is also a great idea.

bittraffic

hero member

Activity: 2870

Merit: 612

It can only be perfect when the person already has experience for a year or more. And even so, day trading can still disappoint him when the market didn't go his way. The crypto market is not as friendly as having a bull run all the time, it has its bear market which is very unpredictable.

Nowadays you can see people saying the bear market is over but you will be surprised that after a week the price will plunge to $23k. (Just my example of an unpredictable market) Becoming a day trader is not easy so I hope they won't leave their job and focus on day trading.

Nwada001

hero member

Activity: 560

Merit: 624

When you fully depend on trading, day trading like you said, to make a living, foot all your bills, and still have some left over, then you are not going to trade with caution but with the highest risk of it all. Because you will always want to go back home with profit every single day, and not just profit but profit that can handle your daily needs, which will put you at a higher trading risk since the higher the risk, the higher the profit.

Am not entitled praying for bad trade for any one but this is the worst mistake any one can ever do, putting all his life and others entirely on trading. That person might even end up not having anything at all at the end of the day, that little savings which he have saved and accumulated and decided to start trading with it, will just vanish before he will even realize it.

gocryptoz

newbie

Activity: 22

Merit: 0

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.

teosanru

hero member

Activity: 2100

Merit: 618

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.

What you are saying is just like making lavish dish out of remaining groceries is best for a person with no money left. Trading is a very risky affair, you often end up screwing the whole capital a lot of times. Even if you don't end up blowing up full, there are very good chances you will never be profitable, for this whole time then how will your survive? How will you feed yourselves and your family if you have one? It's like gambling with every last bit of penny left with you.

One need to understand that first of all trading needs capital. You can't do trading without any capital. Second you need the right mindset, just earning quick money mindset is the worst mindset to make money in trading. Thirdly you need to have extra capital to dive in the market again if you blow up the first account. Jobless will not have any of these even if he has good skill set of trading.

Oshosondy

legendary

Activity: 1414

Merit: 1118

...gambling responsibly. Do not be addicted.

Not having job, not having anything you are doing and only depend on trading? That makes trading to be riskier and it can result to a poor mindset that will not offer anything more than losses. Do not depend on trading.

Even if you have work that you are doing, only use little percentage of your weekly earning for trading, not making it to affect your financial or family financial life.

asyezuner

newbie

Activity: 41

Merit: 0

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.

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