Topic: Is trading an occupation? - page 3. (Read 1078 times)

Those people that have left the corporate job for the sake of trading, have found wealth and greatness on this occupation that they've seen.
It's better because they have already estimated the risk that they take and what's better on it is that the time they consume in the corporate job, travel and other stuff can simply be converted into their me-time.

Trading can be an occupation to someone who is good enough or better still a professional in trading, there are most successful traders who earned their one year salary in a month in trading crypto currencies after putting so  much time in learning about trading, ok tell me what are we all working for? Is it not to make money! Or will you tell me you work because you enjoy the job your doing, if a person can make a fortune from trading cryptocurrencies and earn what is much more higher than what his occupation gives him tell me will such person not give up on his occupation and adopt trading as an occupation? The fact is trading is an occupation to those who are professionals.

But in my opinion, only professional traders can find chances to adopt trading as an occupation. Because, bitcoin market volatility is highly unpredictable which means most traders may fail time to time; hence adopting crypto trading as occupation may end up in big disasters over the time. But, the case will be complete different for professional traders as they know how to trade at times and when to stay away from markets.

Yeah It's a occupation because here need to work and you have to skill. Skilled person gain success.

I see some people left from Their job and accepted trading in their profession. So you can say it’s a profession.

         

Trading is an occupation because you also need to work for it in order to gain a profit, it is maybe a form of occupation that need knowledge and also skills to make a succesful trade and earn. There are full time trader and there are also part time trader some of theme considered trading as a part of thier daily works and some may trade in part time only whenever you are a part of full time or part time trader that still an occupation.

According to many people, there are those who can say it as a job, some say that it is a side job. It depends on their own perception in my opinion, because many professional traders say that trading is their main job. so back to your own needs

Trading is a business, a lucrative one at that if done right. The first step towards winning as a trader is to carry the right mindset. Once we're able to see trading as an occupation and give it our best just as how we do with our jobs, then we would be on track to succeed in the trading world. Even the local traders in  offline marketplaces consider trading as a occupation so why not crypto traders as well?


Seconded. A lot of people take trading as a carefree venture and end up losing money faster than they can profit.

If we have Stock brokers as a career then trading is definitely one of the best occupation we have in the world. Before the advent of cryptocurrencies there were traders who specialize on Stocks and they made their living from this source, so, if anyone will learn from these professionals then he/she can proudly said trading is my occupation. Well, don't miss-quote me here - when you're such that look for daily profit from trading you are just a trial and error guy - or looking for other signals for your trade you're unprofessional.

Anything that bring food and pays up your bills is your occupation, trading is an occupation there are several people who have been trading all their lives and their life depends on trading so why would such not be an occupation? There are trading professional courses and certificate, people have been trading even before Bitcoin was introduced.

I have been doing trading for the past year as a full time job and I don't see any reason to look at any direction. There is nothing that pays most especially when you learn the rudiment of trading.

It is true that trading is a occupation and we can rely on it as a source of income to live. But not everyone can do it, I even read articles on
the internet that the percentage of people who experience losses when trading is greater than those who get profits. This happens because
to be successful traders must have experience and the ability to analyze the market. If we really want to make trading a occupation we must
first learn about all kinds of trading.

If you want you can choose trading for you as a occupation. Because it is all depends on you. But there is no point to indicate others that he makes a lot from trading and another person can't make a single even he lose a lot. Its not a gambling that one person can make huge or others can't. Because this is not a luck by Chance game. This is a professionals work like if you learn more you can generate profit more. Or if you can't learn but you want profit like others then sorry trading is not for you. If you truely want a trading journey then you should learn first. Then after learning enter this platform. After entering this platform then decide is this a platform what you can choose as a occupation for your self.

Trading for me is not an occupations, because as an individual traders in cryptocurrency, We have no boss here, everything We do in the actual trade in any of the exchange platform are controlled by our decisions if fail or not. So for me it is like something that has a similarity of Skills or it could be a profession as well.

Trader can be a good profession so does it can be a occupation. What good on this job is we are the one who have fully control of our time and decision we don't need to have our boss to instruct us what to do. It's better than having a occupation that provides fixed salary since if we do great in trading we can get more profit based on our performance in trading.

I could see that if the person's job is in sales or commission based as those job don't give you a guaranteed income or they are working some menial job that doesn't pay but crypto does and doing it full time for them would be a better source of income. I still would rate trading as a sales/commission job sometimes you win big and other times you lose.

Actually trading could be an occupation to some because it does pay some bills. I do know a lot of people who have been trading for years and had quit their job to do full time trading instead, and they mostly say it pay their bills and mortgages. And I think that's one of the main reason why people work because it pays their needs.

Exactly for me it is also a profession not everyone could make it in trading just like other profession.
So if you can't handle it better find something else that would suit's you well.
Everyone doesn't look at it as a job but for me as long as you are earning from what you do it is already considered as a job.

Good advise and I see your point on life balance but it depends on the person and where they came from. If they already almost 24-7 or are on call for their job then crypto is for them as the market is 24-7 which is what makes it so much better than traditional markets. As you said it depends on your strategy and you could just passively invest your crypto into a DeFi platform like Nexo or BlockFi.

They sound like a glorified salesperson or "financial advisor" from what you are inferring. Unless the postings had some IT/Dev background where they code to a certain blockchain or protocol.

Ok if you are thinking salary is what makes you poor then if you lack funds get better skills or better yet look for another job. As for crypto, if you are light on funds then I recommend putting in what you can afford to lose. Put in 100, 1000, (If you can put in 10K) whatever it is use that amount to invest in yourself. Just like your 401Lame or the stonk market you can make tidier returns than a saving account. Just for perspective, my first 401Lame which I can't transfer to my current job for some reason has doubled in value in just less than 10 years with Crypto I made 10X 100X damn near 1000x for select coins I had (never really invested in Stonks but have always thought about it but the game is rigged just like with the 401Lames what goes up must come down, zero sum game as someone used to tell me.) Regardless if you are young the main asset you have is time and I would say out of  all of the assets out there Crypto is the best. Stonk market has set hours while Crypto is 24-7 and no one ever mentions this or hypes this fact up which is what makes the markets in my opinion more valuable than the stonk market (wake up world markets... Crypto is eating your lunch).

Anyway a general strategy is to look at the charts look for lows is the coin you are about to buy at a good low for the time you are looking at it? Can you buy at that low again? Put in a low order and wait on it eventually it might get filled. Or if you see good overall volume and the price seems good you can grab it but be careful it might bottom out and then you become a bagholder. If that is the case, can you stake the coin? Does it have value elsewhere is what you should also be asking. When you go to sell try sell a small amount at minimum point you could get out or alert you. You can also put a larger sell at a high point in case it pumps but you may want to consider hodling the coin if you like the project and feel it is undervalued. The best advise I can give you is don't quit your day job even if you jackpot to 10K or 100K or 1M (yes 1 Million dollars isn't worth that much but is a good nest egg to fall back on unless you are old today then quit your job). The reason why is because even though you get tired of what you do it generates a guaranteed income (unless you work on commission then I would say if you get to this point work less focus more on crypto if you feel you have the market down). Also even if you make a ton of money you can also lose a lot of money. What if the coin you choose no longer has a developer or it turns out to be scam or investors feel like they are getting value out of the project anymore then you can lose it all. Another thing to be concerned about is bad exchanges and just bad actors in crypto. I've lost and I've won but overall I've done quite good. If you really don't know what to invest in then you might want to get a savings account from BlockFi or Nexo. Only quit your job if you feel that you can make adequate returns in crypto or use a strategy of building your funds to 8-20+ Million and then sell half put that into monthly/quarterly dividend stocks and keep the other half in crypto.