Topic: Day trading is perfect work for jobless peoples - page 9. (Read 2054 times)
It sounds like, OP is too optimistic as well as self perception person! But what I've learn about trade is, "Its the most difficult thing in the world." trading all the day without doing job/business aside is very risky. Cause if somehow you loss your large capital, then situation could be difficult. Trying to regain those, could make you more loss. There is nobody who didn’t face loss! But It'll be another subject of discussion if you already reach the peck of mountain
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.
We shouldn't disregard the fact that day trading is too risky so we can't consider it as a main source of income though it is undeniably profitable but it requires knowledge and full understanding. We can have it as a side job but not the only job that we should have unless we are well experienced and we're able to deal with the risks of the market's volatility. Having is formal job while doing it is still the smartest way to earn.
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.
It's important to remember that with freedom comes responsibility. Without a boss or structured work environment, it can be easy to become distracted or lose motivation. It's important to set boundaries and establish a routine in order to be productive and successful in a flexible work environment.
When you know that your income depends only on you, and if you don’t earn money, you won’t be able to feed your family, then you don’t have to look for motivation. If you live on your own, you don't have a family and you have good financial savings, then there may be problems with motivation, although I have always strived to find a few more ways to make some money, if I like it then I will work in this direction. For me, even a few days to sit idle seems to be a difficult task.Yeah, its really hard when we can't meet our family's needs since it's our responsibility we find any way to fulfill our responsibility. But if I don't have enough money to fulfill my family's needs I will prefer on getting a passive income rather than risking my money in trading, Trading in crypto is really volatile we can't predict where the market will move although many decent analysis saying the crypto will go at a certain point.
Day trading is a high-risk activity that requires experience, knowledge, and a lot of time commitment. It is not a recommended profession for jobless individuals or those without proper training and preparation.
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 not a work, trading is trading. There is no real value created when someone trades, I can't call it a job and if you think that you can solve the problem of jobless people by pushing them to trade daily, you are doing the worst thing for them. Average jobless person is not a crypto whale, so he has to follow the waves but the problem is that you can't really predict when you'll be able to surf on wave and when this wave will destroy you. To be frank, trading highly depends on luck, not on skills, it's not a different from gambling.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.
It's important to remember that with freedom comes responsibility. Without a boss or structured work environment, it can be easy to become distracted or lose motivation. It's important to set boundaries and establish a routine in order to be productive and successful in a flexible work environment.
When you know that your income depends only on you, and if you don’t earn money, you won’t be able to feed your family, then you don’t have to look for motivation. If you live on your own, you don't have a family and you have good financial savings, then there may be problems with motivation, although I have always strived to find a few more ways to make some money, if I like it then I will work in this direction. For me, even a few days to sit idle seems to be a difficult task.Yeah, its really hard when we can't meet our family's needs since it's our responsibility we find any way to fulfill our responsibility. But if I don't have enough money to fulfill my family's needs I will prefer on getting a passive income rather than risking my money in trading, Trading in crypto is really volatile we can't predict where the market will move although many decent analysis saying the crypto will go at a certain point.
saddens me and really put up into a certain condition on which desperation would really be next on which you would be thinking up ways and methods which i cant blame out people to be reconsidering about trading which we know that its something that risky to be deal off with but once you do have a good grasps into it then you would surely be having that kind of chance on making your life way more better.
Although its not really that you last resort because we know things which cant really be that for us or something that hard to be done in the first place which means
that it would be taking that much time.
It's important to remember that with freedom comes responsibility. Without a boss or structured work environment, it can be easy to become distracted or lose motivation. It's important to set boundaries and establish a routine in order to be productive and successful in a flexible work environment.
When you know that your income depends only on you, and if you don’t earn money, you won’t be able to feed your family, then you don’t have to look for motivation. If you live on your own, you don't have a family and you have good financial savings, then there may be problems with motivation, although I have always strived to find a few more ways to make some money, if I like it then I will work in this direction. For me, even a few days to sit idle seems to be a difficult task.Yeah, its really hard when we can't meet our family's needs since it's our responsibility we find any way to fulfill our responsibility. But if I don't have enough money to fulfill my family's needs I will prefer on getting a passive income rather than risking my money in trading, Trading in crypto is really volatile we can't predict where the market will move although many decent analysis saying the crypto will go at a certain point.
It's important to remember that with freedom comes responsibility. Without a boss or structured work environment, it can be easy to become distracted or lose motivation. It's important to set boundaries and establish a routine in order to be productive and successful in a flexible work environment.
When you know that your income depends only on you, and if you don’t earn money, you won’t be able to feed your family, then you don’t have to look for motivation. If you live on your own, you don't have a family and you have good financial savings, then there may be problems with motivation, although I have always strived to find a few more ways to make some money, if I like it then I will work in this direction. For me, even a few days to sit idle seems to be a difficult task. 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.
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 somehow disagree wih this statement.
Trading is highly recommended to someone who has prior experience in this kind of platform. Without any experience, a newbie/beginner would most likely experience loss due to the nature of trading which requires some technical skill.
If a person is jobless, then the best course of action is to look for a job that regularly pays and a portion of that income be allocated to his investments. Going in blindly in trading is like suicide to your resources.
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 think its not that simple my friend, if you don't have job means you don't have money, how can we do trading if we don't have money? And how can we buy things for our daily needs? Life without a job is miserable except to those who are already rich and no problem about the financial aspect. 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.
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.
Day trading has its own risks, and it’s even more riskier if trading is your only source of income. You might be profitable at first but eventually, if the market is not good enough to trade, you will never make profits and you will start struggling on providing for your necessities in life. That is why day trading or long term trading should only be your side hustle, as it will only create additional profits to your main source of income.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.
just do this activity as a sideline and not your main source of income. you will be in debt if you will depend on your trading profits alone. as there's no guarantee of getting profits, you will be agitated if you can survive another day on this path.
if you have other means to earn money such as stable job, then, don't quit. you need a fallback on this trading journey.
if not, you may find yourself in deep trouble.
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.
Day trading has its own risks, and it’s even more riskier if trading is your only source of income. You might be profitable at first but eventually, if the market is not good enough to trade, you will never make profits and you will start struggling on providing for your necessities in life. That is why day trading or long term trading should only be your side hustle, as it will only create additional profits to your main source of income. 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.
Employment will not make you rich, it must be at least a private practice if you are a doctor or a lawyer, and that is not so easy.
You can try to get rich trading, but it's even harder than starting a small business, I'm talking about successful trading, that can brings you income. You can learn as much as you want and from anyone, but it will not be easy. And advice with a demo account is not a good idea at all, because I think that this is the same as playing monopoly, yes it can be interesting, but it has nothing to do with real trading and trading experience.
something an option for you to take specially when you dont have job because it isnt something that could really be able to handle in a short time,plus you would be requiring some funds
which would really be used up of course.
Employment will not make you rich, it must be at least a private practice if you are a doctor or a lawyer, and that is not so easy.
You can try to get rich trading, but it's even harder than starting a small business, I'm talking about successful trading, that can brings you income. You can learn as much as you want and from anyone, but it will not be easy. And advice with a demo account is not a good idea at all, because I think that this is the same as playing monopoly, yes it can be interesting, but it has nothing to do with real trading and trading experience.
Yes day trading corporation best option for me with a little profits. If you have a larger amount for using trading then you can make us huge profits but i have little assets so that's why i can't take big profits by trading. I am not a professional trader but every day i enjoy it with little profits.
I agree, but we can use this job for us to have money for trading and other investments. Sooner or later an employee needed to think about getting his or her own business according to his likes or maybe the one who has a great value in market. Day trading is good if you don't have any activity not only for jobless though, a jobless person can have a whole time checking his ports.
My comfortable trading is medium and long term, transactions from several months and longer. But trading is not the main source of income for me, it's more like a hobby that I like, I treat it like a game and I trade for a very small percentage of my portfolio, and the main part of more than 90% of my portfolio now consists of bitcoin.
Come to know that if we are jobless then we dont have money and if you do think that daytrade is the solution then better not proceed because things would really gotten worst if you do have this kind of
mindset on which you are really making trading as your last resort.Never ever tend to make use of your money on this way because once desperation calls then it would really be prone to lots of mistakes
and errors which is something that you should need to avoid as much as you could.Im aint saying that trading doesnt fit out into that criteria but we know on how risky it is
and its not something that everyone could be able to succeed out.Instead on making or generating income, you would rather lost up money instead.
mindset on which you are really making trading as your last resort.Never ever tend to make use of your money on this way because once desperation calls then it would really be prone to lots of mistakes
and errors which is something that you should need to avoid as much as you could.Im aint saying that trading doesnt fit out into that criteria but we know on how risky it is
and its not something that everyone could be able to succeed out.Instead on making or generating income, you would rather lost up money instead.
Day trading is something I never recommend to anyway since its just a convenient way of losing money in crypto trading. There are not many people who can do day trading effectively, the risk involved in day trading can be seen from the fact that experienced traders at times lose money in crypto trading.
Even then if someone is determined of doing day trading then he should only spend money which he can afford to lose in crypto day trading. You need to have ample time to do this risky investment.
It is imperative to mention that in job you have a boss from 9 to 5 only while in crypto trading you are the boss of yourself 24/7/365. Since crypto market never sleeps.
Employment will not make you rich, it must be at least a private practice if you are a doctor or a lawyer, and that is not so easy.
You can try to get rich trading, but it's even harder than starting a small business, I'm talking about successful trading, that can brings you income. You can learn as much as you want and from anyone, but it will not be easy. And advice with a demo account is not a good idea at all, because I think that this is the same as playing monopoly, yes it can be interesting, but it has nothing to do with real trading and trading experience.
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.
How is it possible that without a steady job people can control financial freedom for the better. Let's say you are trying to day trade for a job, but you know the risk of return when market conditions are not good and trading small amounts will not make your finances much better, trading requires money to live it. The worst-case scenario for someone who gets involved in trading without holding a steady job is financial ruin, unless you have raised a large amount of capital to get involved.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 also not easy to do like the advice you hear on the youtube channel, they have gone through a long process that has led to the stage of success. Anyone will not sacrifice finances for trading, if they have not mastered the basics of trading and it is even more ridiculous when we don't have another job. Try to think rationally and you will need another job if you are not ready financially in trading.
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