Topic: Day trading is perfect work for jobless peoples - page 4. (Read 2054 times)

If someone has been able to go over the struggling stage of learning how to trade, the rise and fall that is involved in funding of account, they can take care of their daily lives with trading by managing their account. There is a lot of profit in trading and a trader who is having far more profit in trading than loses is better than someone in other businesses or employed. However, it is also good to diversify.

The problem with this is that if you haven't had a portfolio where you are earning profit for a few years, you are too confident that you are earning big even if you aren't. What I've noticed is that if you just won't trade, you are thinking that every time you trade, your entry will win and not thinking of negative things that make you lose. That is why it is better to quit your job if you  already have an established strategy that you'll earn over time, like if you've been earning 60% per year for the last 4 years, meaning your strategy is really working.

The majority of jobless people these days have no idea and knowledge of trading, whether it's traditional, Forex, Stockc, or Cryptocurrency. And the others just feel like experts in crypto trading but in reality they are not. Although there is nothing wrong with turning it into a source of income, that's why you must have a deep understanding of these skills of crypto activity. Because if your knowledge is not deep or broad, it will be difficult for you to become a source of income for sure.

You can not trade if you don't have initial capital but your initial capital for trading is not called as investment fund.

Jobless people need money to buy food, drink to survive first and trading is not what they should do. Because trading is risky and majority of traders will lose money in trading. If you have jobs, you can have regular income to cover your loss in trading, still have money to buy food and drink, but if you are jobless, when you get loss in trading, you will die.

If you are jobless, let's find jobs to work, don't trade.

While day trading can be profitable, it is not ideal for all traders.It is determined by the individual's personality. To be successful in day trading, you must have the funds to invest as well as be comfortable with the dangers involved. However, an unemployed individual lacks trade capital, and even if he does have some, he may need to pay expenses in the next months, so his head is constantly flooded with emotions. Furthermore, the stock market is a volatile environment in which prices can change swiftly in either direction. This means there is no assurance of constant profits, and you may also suffer losses. I doubt that an unemployed person will work in this situation.

In order to gain freedom in life, one must train oneself for good deeds. Today we who are independent crypto traders aim to make a profit. And this work will be perfected only when a person has acquired special experience about the market for several years. Trading in crypto market requires patience as many times experienced people get frustrated when they face bear market. We must keep in mind that the market does not stay in the same position all the time, rather it is bull market at one time and bear market at the other time. So we have to be aware of this when there is a chance to profit by trading when the market is down.

Trading perfect job for jobless people?
Yes trading could let you earn on your own time when you want, but how about the capital if they missed out or lose then it is the end for them since they don't have any other source of income.
I don't think that they could really survive with just trading, just think about their daily expenses where would they get it?

I think it would be wrong to compare trading with a job because if you work you will get a certain amount of salary at the end of every month but there is no such guarantee in trading. As much as you can make money while trading, you have the potential to lose money. Suppose you take a trade and after taking the trade the market is very down for a long time and you are not able to make profit on that trade how will you meet your money requirement. You must look for a job or an alternative means of trading Besides a job or an alternative means of trading you can consider trending as an alternative source of income although it is not advisable to rely on trading as such. So those who don't have job should try for job or any other business should not depend directly on trading.

actually there is a thread that connects also to this one https://bitcointalksearch.org/topic/can-bitcoin-trading-be-my-sole-source-of-income-5451322 so maybe  checking each thread will help others to understand what could be done solely to trade in crypto than just standing without anything in your pocket.
while I believe that we can trade even with having a Job regularly, but also with many replies here? i also think that there are ways to become millionaire by simply trading but first we must understand everything before entering.

In fact, it seems to me that it is not so simple, even with a lot of experience and a good knowledge base, situations will happen on the market that you will have to face for the first time and this will most likely again lead either to loss of money or to other unfavorable consequences that will affect your income. Therefore, I tend to think that there are very few people who are able to receive a stable income from trading, if we take the total mass of traders.

Not good if your only source of income is going to be from trading. Remember, you will be under a lot of pressure and not every trade that you open is going to win. In this case, the emotions will get the better of you and your decision-making will be very poor.

I have seen this happen with so many friends who opted to trade, minus any side source of income. Eventually they lost everything and gave up.

The only advantage is the time that jobless people can use compared with those who have a regular job. They are limited as the
time and the focus mostly on being taken by their obligation in life.

But, even if you have lots of time, the chance is still equal. Those who can do it using spare time are still capable of making money if
they have that skills in understanding the market and have a good anticipation.

Same deal with jobless, it's more on how they will assess and they will place their exit and entry positions.

Possible but not really that recommended when you are that in a rush on seeking for some job and this is something that not recommendable on doing so.This is why it would really be that wise
that you shouldn't really be relying yourself on making day trade just because of having the aim on making it as your main source of income or making it as a job knowing that
the market is really that unpredictable and there's no way that we could really be able to maintain or sustain ourselves on being profitable for us to make a living with it.

Trading could really be possibly be able to put up in a situation on which we could really be able to make out huge profits but also come into our mind that losses would be also there.
So it wont really be that perfect at all or would really be something that you could really be able to rely on with your living knowing  that we do have everyday spending and expenses
on which it would really be just that right on having that way.

I think day trading is best for jobless people and Independent people. I also very much love day trading. Because anyone can trade without any Accountability and get benefit as desired. For day Trade anyone can get huge free time to spend with family for enjoy properly. There has no accountability to office so anyone can trade and enjoy his life When needed. And day trade Can bring out of financial distress. So i think day trading is perfect for jobless people and free people. It can make us financially independent so i love day trading.

Not all days would really be profitable when you are a trader on which means that it wont really be that worth for you on making it as your main job but it wont really be that bad on making a side income though.

Its true that it wont really be that a good choice or options on the time that you would be making it as an option since you dont have a job because as said by most that instead on making money,
you would lost even more which it would really be ending up on a disaster for you. Also its not something that you could really be able to learn up that kind of skill which you would
really be able to make yourself that profitable with trading. Its not really that something that you could acquire in a short time, if you do find yourself that desperate then for sure
you would be making out lots of mistakes on this.

Trading can give you profit sometimes but it cannot give you income like that of a job. While trading you will not be sure about your success while in job you will be sure that you will receive your income on due date when the month passed.

One should not think that if they don't have any job then they will do trading which will give them monthly income because this is wrong concept. Instead of trading they can buy bitcoin for longer time so there will be hope of greater money as time will be more to take decision.

One who are jobless if take part in trading so they will loss all their money as trading is not as easy as people thinks.

Trading is definitely useful for those who are unemployed. If trading is well understood then an unemployed person can make his career through trading. So those who are unemployed should give some importance to other things instead of chasing job all the time. If there is such an experienced person around who has a fair understanding of trading, try to learn about trading from him and also acquire various information knowledge or education about trading through online, then take a trading every day. But it is very challenging for an unemployed person to manage the amount of money he needs for trading because unemployed people usually do not have money but if a person can manage money and do regular trading then he will not run after a job later because then he will find daily trading as a reliable workplace.

The fact is that some of the traders I met who were successful in their trading did the training and introduction to the world of trading while they were still working, and it really went well because when they experience losses they still get income from their main job, and that's how it should be to change the rotation of income properly, because if it's done when we don't have a job or main income, entering the world of trading is the wrong decision and makes you a loser for a long time.
And after understanding the world of trading and being able to earn consistent income from the daily trading activities that are carried out, it will not be a problem if we really change jobs at that time.


Of course the action is the wrong decision, because usually those who do in a hurry without understanding how to benefit from the market carefully will feel sorry why they do not learn to be used first while working before deciding to move full time to struggle with volatile markets.

The profit trading is not fixed, but we can target the profits, for example, with 2% of the total capital they have may be achieved, and of course it also needs experience first, and it is better to make it as a side business activity, even when it can get the benefits of trading activities, because sometimes the volatility that occurs in the market that makes us unable to get profit every day in trading, because there is a market moment to be made to be made as a side business activity, even when it is difficult to get a profit from trading activities, because sometimes the volatility that occurs in the market that makes us unable to get profit every day in trading, because there is a market moment.

The idea of working without boss and having a flexible time to trade are some of the reasons why people are switching career and go full-time as a trader. But the question is, if it can give a trader a profitable and stable income just like if you're working in a regular job wherein you're given a fixed pay.

In trading the profit is not guaranteed and it depends how good you are on making analysis for the particular situation, knowledgeable and has a working strategy to execute a success trade. Therefore it's better to try trading as your side hustle first. Then if you're confident that you can earn money that can sustain the financial needs of your family, maybe that's the time to go full-time.

If you ever want to become a trader, then you should think about it now. You can gain experience gradually, when there is a favorable time for this and there is no hurry in this, and your well-being does not depend on it.

By the way, the fact that you cannot make money on trading is better to know when you have a job, and not when you are out of a job. And if you believe successful traders, then at first they lost more, before they earned on their trading path, and it took some time to start making money on trading. Therefore, you should not expect that you will be able to make trading your main source of income, when you loss job.