Topic: Day trading is perfect work for jobless peoples - page 3. (Read 1968 times)

Trading is very risky, and on top of that, it's such that needs one to detach themselves from the desperate expectations of gains coming from it. Else, the trader will be emotional and you know what the result of that would be. Although the scope of the OP from the beginning is to establish the point that day trading needs more time and that time could be only created by the jobless people which I so much agree with.

Only that there is more to the joblessness in trading. If someone is gainfully employed and still knows how to trade, it's a better arrangement as you might trade less emotion. But that's not the same with someone that fully depends on trading to survive.

Day trading are not for everyone because it requires skills and time to do that everyone. For me day trading is stress because you have to be alert all the time all day long just to make a good entry point and profits as well. I also do trade but not daily, just couple of occasions especially when the market is in dip, then it's a good buy for me and take profit at the top.

being pressured or not actually all depends on the ability of the trader himself. but I do not really agree if they trade to meet their main needs. I'm sure trading like that also requires a sizable amount of capital. so it has a good profit margin. but still unemployed with no income, what do you want to trade with? that must be known trading requires capital. and maybe that's what the unemployed who want to trade don't have.

Yeah that's for real, those who rely with trading as main source of living are people who invested time and manage to create a good strategy that can be adjustable in each market situation, not all can have that same results, even you have longer time but you are not that good in anticipating the market, still going to depend from how you adopt and how willing you are to make an extra mile to find a suited strategy that will help you to make a good decision making when placing your position.

That sentiment regarding to newbie who have longer time to be spent it's valid if the person is keen to learn more about the industry and how will they manage to create good patterns that they will follow to established a strategy that will give them some extra edge while positioning their trades.

Your success rate in trading does not depend on how much time that you put on it. You need such time when you are just starting as a newbie because you are new to everything you are seeing and you need to know how to navigate through it but if you have mastered the act, you only need to watch your trade, analyse your chart and know what trade decision to take. A newbie need such time but not an experienced trader. However, to rely on only trading for a living is going to put pressure on you.

A very good idea. Risk breeds risk, if you have a family, responsibility, obligations, maybe loans, then you are obliged to earn money and be in the black. Trade is not the best place for this. After all, you can’t count on a stable income here. And if you lost money today, then tomorrow you need to make up for it, and for this you need to take more risks. It is necessary to have money in case you lose a lot in trading. It is not simple. Most likely it will be right to trade with money that you can lose and this will not adversely affect the life of you and your family

If you do not work and start trading to earn a living, then trading will become your robot. To start trading and do nothing else, you need to devote a lot of time to this business. Everyone wants to stop working for the boss and start trading, but not everyone can do it, because it's not easy. What will you do if you lose money once or twice or three times. After all, do not forget that trading is a very risky business.

It is possible to earn good profit by trading but it is not constant. so it is necessary to have a fixed job to earn regular income. and it is always better to trade in Bitcoin to stay low risk and also invest in popular currencies ETH, BNB. as much as cryptocurrency has brought people an easy way to earn, there is also a huge potential for loss. so trading requires very good analysis, then it is possible to earn profit

I like your valuable opinion. It would be good if we have extra income for trading. We can't trade with the thought of always making a profit, so it would be good if we have the benefit of extra income along with the trade.  So that with the barti income money one should keep the source of income to run his family and himself. And if someone tries to run his family and himself on top of the entire trade then he will never do well. Yes I have seen investing.  The fortunes of many have changed but I don't know if it is right to expect that the fortunes of all will change.

The only thing that you should mind is sustainance because if you couldn't be able to do such thing then you would really be able to find yourself on big trouble on which its better to make yourself be able to assess out on what are the things that you should consider out first before you would really be making yourself taking up such step because if you wont really be that mindful or being that realistic then you would definitely be putting up yourself on such hard situation or you would be messing up because trading specially day trade is never been that a good option or making yourself that pushing up on something that cant really be that possible on a short time duration or something that you could really be having a good grasps on short time. Yes, trading could really be made out as a living on the time you do reach out on a state that you could be able to make profits despite of losses but we know that only a few who do able to succeed out on this field and not all would
really be tending out to deal up will eventually be able to succeed.

The problem with depending on trading as a source of income is when you do not have good trading capital and the skill to trade profitably. Yes, there is no guaranteed profit every day but if you are a good trader with a good trading strategy, you can leverage each day from the market when you have a reasonable profit target, after profit and lose you still end up achieving your target at the of the day
For me, I have an achievable profit target each day I'm trading when I minus my losses I end up reaching my target except for minor occasions when the market is too bad. 



 

Many are choosing trading as a profession but since there is no guarantee of regular profit here one must have a source of passive income besides trading. But a jobless person can do day trading to meet his daily expenses but he must also find another source of passive income. he should never depend on trading alone. Day trading or long term holding should be everyone's side income. this is my personal advice. Because crypto trading and holding can suddenly change a person's life but it is not seen regularly

right, don't be too optimistic to be able to live a luxurious life from trading at first for beginners, but we must be able to think positively to process becoming a pro trader someday, because in reality it is not as easy as one might imagine at first that it is easy to make money from trading. therefore by enriching experience first and taking lessons from it we will be able to survive in market rotation, and can depend on trading for a living, everyone will have different phases, sooner or later they may even give up to go through the process

Day trading isn't an easy matter although jobless people know crypto, Stock, Forex, or the like. To be a day trader, it needs proper skills, knowledge, and experience. Mastering good skills and have sufficient knowledge in trading probably takes a long time, jobless people cannot expect to master it instantly. Since many jobless people expect to earn money instantly, I'm not sure if there are many of them interested in day trading. They may quite after learning it for a few days. Learning day trading can be complicated enough and it may be bored because someone won't be easy to take profits when it is in the beginning step.

Do you understand what passive income is?
If you want to have passive income, you should choose investment.
Anyway, to be a professional trader, it is not only about spending much time. You also need to learn a lot, you must have broad insight whether about crypto as a whole and trading itself.

Whether we do like it or not but there are indeed people who do make trading as their living on which they could really be able to sustain on being profitable despite of the losses that they do experience and this is the time that we could really be able to say that they are professionals.Reaching out this state is never been that simple and it would really pertain lots of years and lots of experiences that you have done until you do find yourself that sustainable or something  that we could really be able to tell that we do able to have a good grasps to it.

On the time that you have lost your job or having no job at all and you desperately trying out to make out some trading just because you are aiming that you would really be profitable or making it a living
then its a bad move because this would really be making you that desperate and cant really make yourself that efficient on your trading because you are really that desperate on success.
Also, it would really be taking lots of years for you to be that profitable or sustainable in trading on which it is something that you could able to reach or attain on a few days.
This is really a wrong misconception for most people.

There are still people that make it as a job, but only those professionals who are very experienced and have been trading for a couple of years and have a good profit per year, meaning they can make a living on it. But if the newbie just resigns and jumps in, then for sure it is a waste of his time and money because you'll need to learn first, and that doesn't mean you can learn it overnight; you'll need a couple of months, even a year, before you start seeing some profits and winning a trade.

Each of us can lose a job, it happens, but we need to be prepared for this. That is why I repeat so often that everyone should take care of the reserves that will help us in difficult times. Reserves should be such that they are enough while you look for a new job.

Since I am always concerned about comfort and safety, I am certainly opposed to this reserve being used for trading. You can use only a small part of it for trading, only if you have a job and it will not have any financial impact on you in the event of a loss of money. Otherwise, this is completely unacceptable.

If what you mean is a job like an office or like a factory worker, it is very true, that most of them are paid every month and have a salary that is said to be fixed. But here we are talking about the job as a whole, not just jobs with a monthly salary system.

Then you mentioned that (crypto) trading is not a job, the reason is because the income is uncertain and there is a possibility of losing money. But what about business or entrepreneurship, such as opening a restaurant and shopping store. These two things certainly don't have a fixed income every day and always experience different income every day and can also lose money because of certain things (such as unsold goods or ingredients that are stale ). But even so, these two things are still referred to as a job. So if you look at it from a business and entrepreneurial perspective, trading in the crypto market can also be considered a job. Because still, trading in crypto, especially daily, will definitely spend quite a long time every day to do analysis.

And about income from crypto trading which is always uncertain, this is indeed very reasonable. Because every trader will always wait for the right moment and time to sell the crypto assets they have, so they can get a profit. Even trading in the real world (other than crypto), the reality is like that. So if you say trading in crypto is not a job, in my view, you are wrong.

It seems to me trading is a good idea for passive income but definitely not for main, since you can loose. And newbies lose much more often than earn.
Of course, if you want to become a professional trader, you have to spend much time for that, but always have additional sources of income, that's wise

Agree to the point that if you learned the deeper side of trading and you are good in managing your portfolio, the chance of making money is possible, those who have lots of time to study and learn the proper process may have that advantage compared to those who are doing it as part time, more on the side where you are kept on learning how the market are being influence by situation that affects the movements, if you manage to create a good patterns base from an actual experienced most likely you'll be gaining from this industry and the chance that you may earned better compared to those who are working in a daily basis.