Day trading is perfect work for jobless peoples - page 5.

uswa56

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Quote from: xSkylarx on July 23, 2023, 11:49:40 PM

There are tons of people right now that are quitting their job just to go fulltime, but for those people who are just new to trading and they don't have an established strategy as well as track records on their monthly profit, it is not a good idea to quit their job and then do trading because we know that it takes more years before you'll have a good profit that you can make a living. Also, most people right now that are just starting out trading use it as a side hustle because they knew the risk of quitting their jobs.

Daily Crypto trading can be done anytime and anywhere, so I think that if someone wants to do this job, they don't need to leave work in their real life because it's true that the risks of day trading are very large, you have to have a method and also great knowledge to be able to analyze and minimize the risks involved.
But for someone who is basically unemployed, I think day trading is good enough for someone who has more time to be able to learn many things.

xSkylarx

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Quote from: panganib999 on July 23, 2023, 06:59:06 PM

Quote from: Oshosondy on April 02, 2023, 01:35:26 PM

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.

You have a point, but at the same time when done right the act thereof of day trading is more than enough to replace your regular employment by a large margin my friend. While you're right, it's still better to have a safety net job for whenever things go awry, there are people out there that fully rely on day trading not of their own volition, disabled people, marginalized, people who have bad records but are willing to change their lives for the better by day trading, just to name a few!

It's about how they carry themselves during day trading that really matters at the end of the day. Not how many jobs they have and all that.

There are tons of people right now that are quitting their job just to go fulltime, but for those people who are just new to trading and they don't have an established strategy as well as track records on their monthly profit, it is not a good idea to quit their job and then do trading because we know that it takes more years before you'll have a good profit that you can make a living. Also, most people right now that are just starting out trading use it as a side hustle because they knew the risk of quitting their jobs.

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Quote from: Oshosondy on April 02, 2023, 01:35:26 PM

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.

You have a point, but at the same time when done right the act thereof of day trading is more than enough to replace your regular employment by a large margin my friend. While you're right, it's still better to have a safety net job for whenever things go awry, there are people out there that fully rely on day trading not of their own volition, disabled people, marginalized, people who have bad records but are willing to change their lives for the better by day trading, just to name a few!

It's about how they carry themselves during day trading that really matters at the end of the day. Not how many jobs they have and all that.

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Quote from: Inwestour on July 22, 2023, 05:59:48 AM

Quote from: Mauser on July 22, 2023, 01:13:44 AM

I feel differently about this topic, as I have been unemployed in the past and didn't really think about day trading then. After unexpectedly losing my job, my main concern was paying bills and not getting kicked out of the apartment. Day trading might seem as a solution, but it doesn't given us reliable returns and could even make things worse if we lose money. In my situation I didn't have any large savings and it would have been difficult to start day trading without some initial bankroll. There are definitely successful day traders out there that made a lot of money from it, but they worked towards that goal and have experience. Without any previous experience or knowledge I would advice against using your last money during times of crisis. If we really want to become day traders then I would first start out part time, while we still have the security of a regular income that can cover potential losses.

Losing a job can put additional pressure on us as we know that trading failure can make the situation we are in much worse.

I agree that we need to accumulate experience when we have favorable conditions for this. When we can afford to fail and it will not affect us in such a way that we may lose our home, or be left without money at all. I do not consider myself an experienced trader, but I see how difficult it is to count on a daily income from trading, some transactions may become long-term, and part of the trading deposit will no longer be available for some time.

On the time that you had been laid out or kicked on your work and then it do goes into your mind about having that trading option for you to make a living? It would really make things worst.We know that trading is

something that could give chance for you to make money but its not something that would really be fixed and its not something a skill that you would really be able to gain up on a short period of time on which
it would really be just that not ideal if you do go ahead and make it a replacement.Instead on making money or earning income with it, you would rather definitely be losing even more funds
which it would really be adding up in overall problem you do have.

Dont make it as a replacement but rather make it first as a side hustle on which you could still make practice for long time.On the time that you do see that you could be able
to sustain yourself on a volatile market then it would really be the best time for you to make yourself quitting your job and go full time with trading.

Inwestour

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Quote from: Mauser on July 22, 2023, 01:13:44 AM

I feel differently about this topic, as I have been unemployed in the past and didn't really think about day trading then. After unexpectedly losing my job, my main concern was paying bills and not getting kicked out of the apartment. Day trading might seem as a solution, but it doesn't given us reliable returns and could even make things worse if we lose money. In my situation I didn't have any large savings and it would have been difficult to start day trading without some initial bankroll. There are definitely successful day traders out there that made a lot of money from it, but they worked towards that goal and have experience. Without any previous experience or knowledge I would advice against using your last money during times of crisis. If we really want to become day traders then I would first start out part time, while we still have the security of a regular income that can cover potential losses.

Losing a job can put additional pressure on us as we know that trading failure can make the situation we are in much worse.

I agree that we need to accumulate experience when we have favorable conditions for this. When we can afford to fail and it will not affect us in such a way that we may lose our home, or be left without money at all. I do not consider myself an experienced trader, but I see how difficult it is to count on a daily income from trading, some transactions may become long-term, and part of the trading deposit will no longer be available for some time.

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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 feel differently about this topic, as I have been unemployed in the past and didn't really think about day trading then. After unexpectedly losing my job, my main concern was paying bills and not getting kicked out of the apartment. Day trading might seem as a solution, but it doesn't given us reliable returns and could even make things worse if we lose money. In my situation I didn't have any large savings and it would have been difficult to start day trading without some initial bankroll. There are definitely successful day traders out there that made a lot of money from it, but they worked towards that goal and have experience. Without any previous experience or knowledge I would advice against using your last money during times of crisis. If we really want to become day traders then I would first start out part time, while we still have the security of a regular income that can cover potential losses.

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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.

Day trading is a risky affair. You think one can only make profit in day trading? Every trader suffer loss too and if someone new starts trading without proper knowledge and understanding, he can lose his hard earned money.
The best thing one can do is copy trade. Some platforms allow that feature.
But that too be traded with caution.
If you are new, you can start with signature campaign and once you have some considerable amount, you can start trading.

Ricardo11

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Day trading is not bad for the unemployed if they have experience in trading. Still he can lose money in trading if he trades at the wrong time. Because trading will never guarantee you profit. From here you can lose money. Which will be very sad for you, because you are unemployed now. If you lose your money trading while unemployed, it will be very difficult for you to recover. So if you are trading then definitely trade carefully with good research. And while trading, manage it well by maintaining time balance. then Day trading is perfect work for jobless peoples.

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Quote from: AmoreJaz on July 13, 2023, 05:27:24 PM

Quote from: Dr.Osh on July 12, 2023, 11:33:57 PM

Quote from: Woodie on June 04, 2023, 06:14:34 AM

I don't know why you associated Jobless to trading and make trading sound like some shitty thing to do...
Just so you know, you can actually make more money from trading than what a doctor or an engineer can make, so let's not belittle it !!!

And like any other profession ,one requires the knowledge/education to be good at what they venture into and this will need you to invest the time and money to succeed!!
Btw, trading isn't only for jobless people...people wanting to have an extra income do actually trade including doctors,engineers, uber drivers etc and once they find the financial freedom some actually go in as full time traders.

well, maybe it is a matter of time, because when a person does not have a job, he can focus on trading every day. However, that doesn't mean it's suitable for everyone. even when we trade, skills, analysis, information, and more are needed. So, even when he focuses on trading, he may not actually be able to make a profit from it. We know that trading also requires money, and if the person doesn't know about trading and feels it can increase their finances, then that is not necessarily the case. it is possible that trading without any basis can make the finances fall even more.

if you don't have money, this is not good for noobs as the likelihood of losing whatever they have is high. but if you have all the resources, start small and learn the ropes. and if you have so much time, you can try trading on your own using small capital. don't go all in a you may end up ending your journey in crypto trading and cursing this market.

Yes, instead of earning you would be rather losing money which we do know that trading does needing that capital and if you dont have a job then what this does mean? You would be still needing to find

money for you to have a capital and despite on having no job then you would be taking a loan and now what if those trading outcomes or results to be negative which its likely to happen since you are still noob.Then what you would really gonna do? You are really making things gotten worst and this is why you should really be that careful on taking steps which you arent even sure on what
would be the outcome or result. You might be thinking that this could be helpful but instead it would really be that brings more disaster.

Trading isnt something simple that you could easily say that you would become that profitable or making a living with it. Come to think that even those veteran traders cant really be
able to achieve or reach out this certain condition because its not really that something simple.

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Quote from: Dr.Osh on July 12, 2023, 11:33:57 PM

Quote from: Woodie on June 04, 2023, 06:14:34 AM

I don't know why you associated Jobless to trading and make trading sound like some shitty thing to do...
Just so you know, you can actually make more money from trading than what a doctor or an engineer can make, so let's not belittle it !!!

And like any other profession ,one requires the knowledge/education to be good at what they venture into and this will need you to invest the time and money to succeed!!
Btw, trading isn't only for jobless people...people wanting to have an extra income do actually trade including doctors,engineers, uber drivers etc and once they find the financial freedom some actually go in as full time traders.

well, maybe it is a matter of time, because when a person does not have a job, he can focus on trading every day. However, that doesn't mean it's suitable for everyone. even when we trade, skills, analysis, information, and more are needed. So, even when he focuses on trading, he may not actually be able to make a profit from it. We know that trading also requires money, and if the person doesn't know about trading and feels it can increase their finances, then that is not necessarily the case. it is possible that trading without any basis can make the finances fall even more.

if you don't have money, this is not good for noobs as the likelihood of losing whatever they have is high. but if you have all the resources, start small and learn the ropes. and if you have so much time, you can try trading on your own using small capital. don't go all in a you may end up ending your journey in crypto trading and cursing this market.

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Quote from: Fredomago on July 12, 2023, 09:56:39 PM

Quote from: SaveOurSea on July 12, 2023, 02:21:47 AM

Quote from: Justin999 on July 11, 2023, 04:09:11 PM

Traders also need to work hard to learn trading with good skill. People who do jobs, also need skill for that particular sector. So for both side, you need knowledge and skill. If you want trading in hope for all the time then you need to investment your time. Its also like a job! But wrong decision, get hacked or so many issue you will face in trading. Although its better to do work at home, which is better job doing job in office under boss but job shouldn’t be neglected. Besides trading is not like day trading or weekly trading. Trading is, need to give focus the pair until perfect time come for sell.

True does not mean when we become traders we can do it without the need to have knowledge and skills,
being a trader certainly needs to learn and there are many things to learn so it's not that easy,
besides that the risks are big and we must be prepared to face the risks of all of them.

It is a must have a continuous learning as trading is like a battlefield where everyone has that same goal, to earn money and without proper knowledge your chance of losing is possible, you can't just rely on the same pattern all the time. There are many factors that affecting the market, the very reason you needed to continue to learn from time to time.

Your knowledge is your key to make a successful trade, though not as always but a possible to have more winning position than those losing trade position.

for beginners, having free time is an advantage in itself to learn day trading, because there is so much to learn here that we must be able to fully master it and continue to learn about the market. It's better to have a lot of free time doing day trading, but even busy people can do that by placing pending orders, stop losses and targets, and we can do other activities. However, after we analyze what we do, we only pay attention to market reactions, and of course if we already understand the market, having a lot of free time will be more useful for monitoring market developments, and that means being able to maximize the profits to be earned

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Quote from: Woodie on June 04, 2023, 06:14:34 AM

I don't know why you associated Jobless to trading and make trading sound like some shitty thing to do...
Just so you know, you can actually make more money from trading than what a doctor or an engineer can make, so let's not belittle it !!!

And like any other profession ,one requires the knowledge/education to be good at what they venture into and this will need you to invest the time and money to succeed!!
Btw, trading isn't only for jobless people...people wanting to have an extra income do actually trade including doctors,engineers, uber drivers etc and once they find the financial freedom some actually go in as full time traders.

well, maybe it is a matter of time, because when a person does not have a job, he can focus on trading every day. However, that doesn't mean it's suitable for everyone. even when we trade, skills, analysis, information, and more are needed. So, even when he focuses on trading, he may not actually be able to make a profit from it. We know that trading also requires money, and if the person doesn't know about trading and feels it can increase their finances, then that is not necessarily the case. it is possible that trading without any basis can make the finances fall even more.

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Quote from: SaveOurSea on July 12, 2023, 02:21:47 AM

Quote from: Justin999 on July 11, 2023, 04:09:11 PM

Traders also need to work hard to learn trading with good skill. People who do jobs, also need skill for that particular sector. So for both side, you need knowledge and skill. If you want trading in hope for all the time then you need to investment your time. Its also like a job! But wrong decision, get hacked or so many issue you will face in trading. Although its better to do work at home, which is better job doing job in office under boss but job shouldn’t be neglected. Besides trading is not like day trading or weekly trading. Trading is, need to give focus the pair until perfect time come for sell.

True does not mean when we become traders we can do it without the need to have knowledge and skills,
being a trader certainly needs to learn and there are many things to learn so it's not that easy,
besides that the risks are big and we must be prepared to face the risks of all of them.

It is a must have a continuous learning as trading is like a battlefield where everyone has that same goal, to earn money and without proper knowledge your chance of losing is possible, you can't just rely on the same pattern all the time. There are many factors that affecting the market, the very reason you needed to continue to learn from time to time.

Your knowledge is your key to make a successful trade, though not as always but a possible to have more winning position than those losing trade position.

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Quote from: Justin999 on July 11, 2023, 04:09:11 PM

Traders also need to work hard to learn trading with good skill. People who do jobs, also need skill for that particular sector. So for both side, you need knowledge and skill. If you want trading in hope for all the time then you need to investment your time. Its also like a job! But wrong decision, get hacked or so many issue you will face in trading. Although its better to do work at home, which is better job doing job in office under boss but job shouldn’t be neglected. Besides trading is not like day trading or weekly trading. Trading is, need to give focus the pair until perfect time come for sell.

True does not mean when we become traders we can do it without the need to have knowledge and skills,
being a trader certainly needs to learn and there are many things to learn so it's not that easy,
besides that the risks are big and we must be prepared to face the risks of all of them.

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Quote from: WatChe on July 06, 2023, 06:19:12 AM

Quote from: Cryptmuster on June 04, 2023, 05:52:12 AM

If you manage to make money from day trading, then do not pay attention to the advice of other people who have failed in this business. Day trading is too complex a job that requires constant concentration and quick reaction when necessary. For me, this is also a very difficult task, so I gave it up and prefer medium and long-term trading. Sometimes I can take short trades when I see favorable conditions for this, but these are exceptions to the rule.

You can earn occasionally in day trading but in the long run you are deemed to lose in day trading, this is what my experience taught me. Day trading is about taking risk and this risk can go in both up or down direction. There is no proper strategy about how to manage day trading. I too agree that if you are going for day trading then don't put all your cash in that strategy, since there is a chance that you may lose major portion of your capital.

This is the truth on which people should really be minding on on which they should really that realize that trading is never been simple, how much more on doing daytrades? Its not an option for you to

rely on because it does takes long time for you to get a good hold out of it or making that yourself effective on this space. Even to those who had been dealing with this market for a while now
have been a hard time on having that profitable day trading and the rest would really be going for swing trades and long term holding because they cant just bare up with the risks involved
with this kind of trading.
Dont make this as an option because profitability isnt assured because market isnt always going on what we do predict.There are really times that no matter how you do analyze
but still you do end up on being wrecked out of the market because of some several factors.

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Traders also need to work hard to learn trading with good skill. People who do jobs, also need skill for that particular sector. So for both side, you need knowledge and skill. If you want trading in hope for all the time then you need to investment your time. Its also like a job! But wrong decision, get hacked or so many issue you will face in trading. Although its better to do work at home, which is better job doing job in office under boss but job shouldn’t be neglected. Besides trading is not like day trading or weekly trading. Trading is, need to give focus the pair until perfect time come for sell.

WatChe

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Quote from: Cryptmuster on June 04, 2023, 05:52:12 AM

If you manage to make money from day trading, then do not pay attention to the advice of other people who have failed in this business. Day trading is too complex a job that requires constant concentration and quick reaction when necessary. For me, this is also a very difficult task, so I gave it up and prefer medium and long-term trading. Sometimes I can take short trades when I see favorable conditions for this, but these are exceptions to the rule.

You can earn occasionally in day trading but in the long run you are deemed to lose in day trading, this is what my experience taught me. Day trading is about taking risk and this risk can go in both up or down direction. There is no proper strategy about how to manage day trading. I too agree that if you are going for day trading then don't put all your cash in that strategy, since there is a chance that you may lose major portion of your capital.

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Quote from: Mehedi72 on June 23, 2023, 02:27:23 PM

Day trading is Very short time to measure the market movements. Whatever if you have knowledge as well as eperience about market and somehoa you own healthy capital, then you are welcome! Although trades doesn’t guarantee any sure income, even professionals also faced big loss many time but they can covered cause they are expart but trades aren’t for all. There are many People who have been treading for years but unable to achieve satisfactory result

I think these conditions must be met before deciding to make day trading a job,
the risk must also be considered because in trading you will not always be profitable even the risk of losing money is also quite large,
need a lot of things to be prepared so it's not easy.

Mehedi72

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Day trading is Very short time to measure the market movements. Whatever if you have knowledge as well as eperience about market and somehoa you own healthy capital, then you are welcome! Although trades doesn’t guarantee any sure income, even professionals also faced big loss many time but they can covered cause they are expart but trades aren’t for all. There are many People who have been treading for years but unable to achieve satisfactory result

SaveOurSea

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Trading can also earn daily income and don't underestimate it. You only have $ 10 capital, you can get $ 1 for every trade you make.
But you also have skill to in analyzing TA, and of course you also have to do day trading in futures trading, and it's very high risk if you use high leverage,
but don't worry if you learn TA, FA or trading strategy, I'm sure you can trade comfortably and you can make trading for your job.

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