Topic: Day trading is perfect work for jobless peoples - page 7. (Read 2042 times)

Self-employed is different from being an unemployed. Unemployed means you don't really have a source of income, even though you'll say you have savings to spend in trading, that will not be suffice since there's no guarantee of making profits as a beginner, more chances of losing I might say. So it is really important to have a source of income before engaging to trading, whether it's futures or spot.

Well, personally I think that seeing trading as a job is something very good, but as long as that person has something good to hold on to, because at some point the market can come against you and everything can go wrong, I don't mind. I would take it as a job unless I have too much money and I don't mind losing it, but in the cases that I have seen that people who take the tradition as a job, very few are right, for me it is something delicate and that You must be very careful,trading is not like a casino where everything is left to chance, I think it is much more.

We cant really make out some conclusions because its never been that possible on knowing on what would be the outcome if someone would decide on dealing or engaging with trading.Yes, this isnt something that recommended for you to deal with and having those hopes that you might really be able make a living with trading.It could be possible but its not something that you could easily deal with and it does require lots of time before you could really be having a good grasps into it. If you do just been doing this just because you dont have job currently then it would be a bad idea. Instead of earning profits you would eventually
losing up your capital which it is really that common for a newbie to have these errors.

Yes, i do consider myself unemployed too but im working from home but without having any company or boss to follow with.Its true that there are lots of side hustles which you could really be
able to engage with as long you are really that serious and dedicative with your goal on earning money but well its never been that easy though.

Very much agreed. Unless the trader has a lot of experience, knowledge and resilience, combining trading with unemployment is a one way street to hardship. All it will take is one mistake or a small succession of bad trades for capital to take a turn for the worst. Even if trades are maintained, the stress of managing trading capital with day to day expenses will make day trading even more stressful than it would be if a job were maintained aside from it. The fact is, stability is needed in order to be able to succeed in trading and as a safeguard for life. Unless a substantial amount of capital and knowledge is available from the beginning, I wouldn't recommend day-trading to anyone who is unemployed to try and make it their lifeline.

Your English is not well connected and it may discouraged many people from reading your posts. I'll advise that since English is not your first language like many of us here, you should try to use the grammarly app to run your sentences to make it more connected.

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There is nothing bad in making cryptocurrency trading your only source of income. It will only be bad, if you are not good in trading and also, if you attach so much emotion to it.
But if you are an expert in cryptocurrency trading and you have very good capital, there is no doubt that you can depend on cryptocurrency trading to earn a very decent living.
I have seen many people who lives only on crypto currency trading and they are living extremely well.

Plus the difference between being an employee and being a trader is the stressful environment like the workplace something like that. In trading you'll have to understand the system in the market for you to be aware since once you adapt it then it will be easier for you to earn. As he said about freedom, of course it's different to being employed than being a trader since crypto is a decentralized system where you have the control to your funds.

I think it's still better to be employed and doing trading for you to have extra income for you to invest for the future. Still we have preferences if people could live and pay their bills by just full-time trading then it's good. After all we are aiming the same thing is to win.

Are you not an employee? do you know anything about trading? if yes, how long have you been doing trading? and how long did you study trading? Because trading when you don't have any idea here is not that easy for you to immediately understand the ecosystem here so you can earn good or enough money every day.

      If those who have been here for a long time in crypto trading are still making mistakes, how much more are those who don't know?
even more so, am I right? Crypto trading is good if you start here part-time first, but if you don't have a job, you can also do it full-time.

Apart from the main work, an unemployed individual exerts considerable effort in other areas. Most bills are paid through side hustles since that is what keeps them going. Trading requires capital to begin, and not everyone has capital, which is why they tend to pursue side hustles, which might be anything. Students in schools are actively involved in side hustles, whether online or offline, and they maintain printing money in order to fit in the expenses. I've seen traders who perform well because they stay on the proper track, which is their primary responsibility. Staying at home all day and earning more money than those who go out every day. We are all aware of the pressure to go out, particularly during the holidays, we all know the stress to go out specifically during the heavy traffic jam zone to work.

That is the reason why trading is not for everyone, there are qualities that you should have in order to make successful in this field. I do not agree to some people who said that it is for everyone, I already witnessed a lot of crazy things especially for those traders who experienced huge losses. Do you remember when the $LUNA crashed? there are a lot of traders who did a suicide because of the money that they lost. Crazy right? It is one of the reason why trading is not for everyone.

You need a strong mental fortitude, neutral emotion every single time and good mental flexibility. It is not about reading charts, price, and checking patterns; it is about how you think as a trader. Imagine you do not have any qualities like what I mentioned and you invested your hard earned money to it and then you suddenly lose all of it, what will you feel? how will you respond to what happen? do you have any guts to start all over again and regain what you have been lose? or you will just quit and forget about trading?

I know someone who quit in their trading career because of what they have been loss, one thing is clear for me. Trading is not for everyone especially if you are the person who do not want to take the risk, who are pressure to make profit and who are afraid to make mistakes. Remember that the qualities of the trader can be earn and can be learn. It is up to you on if you will do it or not.

Trading can be a great option for jobless people, I mean, it does offer a lot of freedom and flexibility. But, I think it's also important to consider that it's not for everyone, you know? Like, it requires a specific skill set and mindset to succeed in day trading.

If someone is willing to put in the time and effort to learn about the market, and they're comfortable with taking on some level of risk, then sure, day trading could be a good fit. Plus, like you said, there's that freedom from having a boss and being able to work from anywhere, which is definitely a bonus.

But, you know, it's also important to remember that it can be a pretty stressful job, and it might not be the best choice for someone who's looking for a more stable and predictable income. So, essential to weigh the pros and cons before diving in.

Such person i'm sure are rare, what i know from my experience from everyone that have tried trading in their career is that most of them don't even qualify to be called making consistent income, sometime they lose sometime the win and losing is occuring more frequently. I don't know if someone have differing experience, but from what I can tell, majority of traders are just giving away their money to the big traders, meaning they are losing. even strategy of following technical analysis are called by some useless because even the whales use such strategy to determine on what the general public gonna do and then make decision against it so they got the upper hand in that case it just means that the bigger fish always swallow the smaller ones.

A case to case basis where we can't weight the percentages of success, there are people who can really make it worthy to stay in trading and make a decent amount of profits, people who knows how to focus in finding the right patterns and good executions of strategy to make money from this venue of investment.

We can't conclude that everyone will have a same outcome as there's some who can succeed and some who will fail.

Being unemployed doesn't mean having no income at all. There are many side hustle today that can really bring good income, Students are taking advantage of it and what more on an unemployed person. Though being stable or having a business is better than just relying on these side hustles. As you know I have an unemployed friend who is now I can say a good trader and gets a good amount of money by just trading. It's also an opportunity for unemployed person to still be productive even if he doesn't have a stable job. Imagine person with disabilities, They are most likely the one who are unemployed but being a trader is one option for them to generate a possible income even they are not physically working.

come on, how can an unemployed person match day trading?

how do you make money if only the income he gets when trading doesn't match expectations!

an unemployed person is better off looking for a more stable job or business then if he wants to change his career to become a trader, he doesn't have to worry anymore about the capital he will use.  Currently, there are many jobs available and also business opportunities that a jobless person can try, but for daily trading, it is very risky.

Day trading can be an attractive opportunity for some people, especially those who are looking for flexible work and want to have more control over their schedule. However, it should be borne in mind that trading in financial markets is a complex and risky activity that requires a certain level of knowledge, skills and experience.
If you are interested in day trading, it is important to go to qualified professionals to get the education and training you need. You will need to learn different trading methods, understand the basics of market analysis, be aware of risks, and be able to make informed decisions based on data and market information.

As long as they are willing to learn how to trade and they have the passion to pursue it despite the fact of they can encounter heavy losses along the process. Jobless means they have a lot of time and this time can really put into something like learning. I personally know a friend that is a full time trader, he originally has no work but he discovered trading and has the eagerness to learn about it. Today, I believe that he is a profitable trader and he got most of his losses from his past trades when he was just getting the grasp of trading.  I'm sure there are other who has the same situation.

There's no perfect trade than in is making every trade we do appear the perfect one from how we take it, many kinds of trades are available and bitcoin traders think twice before they go with a particular one because they would have understood the risk involved and know the way out in making a balance of it all, we cannot assume day trading as the perfect option for any jobless person because it may appears not the easiest trade for some people while some can find it interesting.

That is why I've stated that there are full-time traders who come from full-time work, as they are already consistently making money, but imagine those unemployed people who aren't rich. How do they get funds to start trading when they still need to learn? So still, it is difficult, unless you are rich. Getting full-time in trading is not for everyone. Maybe for you, it is successful, but there are people who, in the long run, are losing.

There are always exceptions, but how many successful traders are there who can afford not to go to work and consistently make money on trading?

I also believe that in this case you need to have a good reserve of funds, that in case of failure, this did not put the trader in a difficult situation and he had something to work with further. As for trading, I am of the opinion that for the most part it should be just an additional income and only if it can generate income for a long period of time, I'm talking about several years, then perhaps this can become the main type of income.

You need to experience everything then enhance your skills to compete more accurately, the advantage that I can see is you have a decent amount of time to work on with your skills, the progress compared to people who are just using trading as side hustle is better, if you use your time accordingly then you will be able to manage things in the right manner.

I believe there's side of this statement where it fits for jobless people if they will focus in things that will bring them the success, but even you have lots of time but you don't use it as your advantage to enhance your knowledge, then that statement still invalid.