Topic: Is trading an occupation? - page 5. (Read 1095 times)

I think trading is a kind of profession as we already have this kind of trading in the stock market and there is already a subject or program that talks about cryptocurrency specifically trading, everyone can do trading and everyone can choose this track as their source of income which is kinda risky. If you want to succeed in trading then you should spend most of your time observing the market and always grab the opportunity once it happens. This kind of job is such a good one in terms of your time and comfortability as you can do it at your home lying on your bed anytime and anywhere but requires really good knowledge first.

No matter what we think about trading, either be a job, an occupation or not but the most important is we are seeing this as an opportunity to make money. Trading is just an option for jobless people or even those who have a job already, a few have been doing so well but many were also in big troubles. This is happening because of its risk and that it involves money to start that makes other people never think about trying it.

I think it's a job, however, it has tremendous freedom. Trading can be done anywhere at any time with just a mobile phone. It looks like you're distracting, even if you're trading, you can travel anywhere by making a profit. The world has made great progress.

It would only be an occupation once you're entire life sustainable source relied on this type of money making. However, most people these days only used this as their part time income generating business which usually their perspective.
If you're not really skillful on this kind of trading or investment to make as an occupation, I recommend making this as your secondary source of income. Because there's no assurance and everything that runs through trading cryptocurrencies is highly unpredictable.

Those are the possible consequences if someone would shift from a no trader to a full time trader without having enough experience that will help them to survive trading.

This is why others are choosing to be a part time trader because they can do whatever they want and trade as much as they can without comprising their other source of income.

Recklessly trading is the main reason makes people believe that trading is the same as gambling. The statistic has already shown that 95% of traders losing their money. Only 5% remains profit. This number includes veteran traders, big companies, big funds, and banks.

As you can see, people seem to earn a lot in the uptrend of cryptocurrency. But don't let it delude your visionary. Are you excellent at trading, or it is just a fortune investment? Remember that trading requires a lot of skills, knowledge and the ability to suffer loss without being interrupted by own feelings. People now hold their coins and somehow, they do earn profit. They start thinking of quitting their job to begin a full time trader. That is ignorant. Being a trader is never easy, and they will soon learn a lot of lessons when the trend reverse.

In fact, successful traders in which I have interacted with are once who both have a stable job in the real life, and they only consider trading as their side job. In some cases, their side job does make more money than their actual job. Most of them say that spend 100% in trading is exhausted and unnecessary. A successful trader only takes a 1-3 hours per day to make a full analysis. In conclusion, I believe that trading is either an occupation or gambling. By learning and obtaining experience, trading is likely to become a job rather than gambling

Think about that carefully. Experience are all over the internet. You can easily find many regretful stories of men abandoning their main job for trading.

Well, for sure the trading of cryptocurrency can become an occupation for some people. You’re not the first that have seen people who decided to quit their jobs and be trading cryptocurrency. I know so many of those people and luckily they are all good and are making money from it and living life.

It is not an easy thing for anyone to, you have to know how good you really are in trading of cryptocurrency before you talk about quitting your office job to start trading cryptocurrency, cause I have also seen those who didn’t make success with it.

Well think about it this way, if you are a developer for a company you are a developer, if you are a developer who works freelance you are still a developer and if you are a developer who builds his own software that means we are talking about all of them being developers and that is why there is no problem with that.

Why would we talk about traders being any different, we are talking about trader who works for someone in wall street is called trader, and someone who works for trading all for himself is still trading, or if you even trade crypto at home but for someone else that's trader too, as long as you trade constantly that's trader. What I think should not be considered a trader is people who rarely ever do that and make very little money or not even make any money, if you trade once a month that's not being trader, but if you trade at least once a day, that's being trader if you ask me.

Full time or part time it doesn't matter but the real question is, how good are you with your skills? Although I know it's kind of hard when trading, especially with this very volatile market. Not everyone could pull off a stunts to make a profit during the very busy hours. I guess trading also may need some luck because even if the best trader in the world they still could lose to the market.

The only way they could minimize their losses is to practice risk management since not everyday is a payday. Learn to accept losses then move on and proceed to practice your skills in trading.

We can consider trading as an occupation. In trading, we have to use our time, knowledge and many other things to earn. Yes, you can say that in trading there is a chance to lose money but it is not gambling. In gambling, luck maters most but in trading, knowledge, trick, strategy and experienced are more important.

Depending on how you view it, one can trade full time or part time. However if you must take up trading as a full time occupation, you must be ready for anything that comes with it. You could loose all your money and be broke for a longtime anytime.
I personally trade part-time because one stream of income in this age is not enough.

I think we can consider it as a profession, people used it as a way of earning money more than what they are taking as a salary when they are an employee for other company. Like me, I quit my job just to invest my time and money on cryptocurrencies. And it is also need enough knowledge and skills, this is why I consider it as an occupation/job.

If we talk about successful traders, they have already earned such capital in this bull market that they will be able to do nothing for the rest of their lives. In this case, the initial capital that you have invested in trading is of great importance, because it is impossible to make a fortune with $ 100 in practice.

Whether traditional trading, cryptocurrency trading or Forex Trading, it should be taken as a profession. If our local traders refer to themselves as traders for a living, why shouldn't those who do any sort of online trading refer to it as an occupation. The problem most people have trading cryptocurrency is that they don't tend to take it as a serious engagement. Someone learns traditional trading for 5-7 years as an apprentice before setting up his own but those who do online trading don't want to spend that much time acquiring the skill set for it. They think they can just jump on it and get started like that without the knowledge of how it's done. Every wannabe trader seems to be in a hurry to start trading, thereby making it look like a gamble.

The entire crypto market cap just crossed two trillion dollar (a few days ago), it shows how a serious business trading is and should be handled with every sense of commitment as an occupation. There are people who don't do anything else apart from online trading and they're making a kill from it because they already see it as something that can put food on the table for them. Trading is an occupation, and rightly so.

On point. Trading in itself is a career and a job not anybody can do. You. need patience, knowledge and you need to devote time to develop this skill. You can certainly make a living from trading. It is all a questions of interest and market choice.

I agree. There are many topics we discuss here that will benefit others, but asking whether crypto aligns with someone's religious belief is something to be determined at the individual level.

Skills and experienced traders are indeed benefiting from this industry.

As they managed to earn more compared to their regular 8hrs office job, it's very possible for them to make more money using thier
knowledge and skills breaking the market with good position and harvesting profits from tiem to time. It's still depend though with
your capabilities to adjust but yes it's been a good place to earned.

I also think that trading can be categorized as a job because there are so many professional traders who depend on trading for their lives, this is a new branch of work in my opinion. where when trading we also need analysis and learning. so if trading is categorized as gambling it is wrong

This is real. Approximately only 3% of traders are the one that is profitable and actually earns money from trading stocks or crypto. But don't get discouraged if you are starting at trading because you can be one of that 3% if you know what you are doing.

Consistency is something we cannot achieve in trading; we can get paycheck time to time but there cannot be any assurance to have it on every week; this is the reason I agree trading cannot be an occupation. But it can be your side business along with your day job. Because, if you're not finishing up on week in profits still you can continue next week because you are not absolutely depending on trading for your living.

Becoming up to the level of pro trader definitely requires lots of dedication. If we are ready to put efforts up to that kind of level, then we may get chances to living out of trading. But the point is, we cannot sustain into trading with capital until we learn all the required things. Yes, you may get enforced to quit trading in middle as you may get any resources to top up your capital.

Its an occupation as you are making money and its a liability when you are losing money.  In short no its not an occupation.  You can consistently "win" or make a paycheck week to week.  It is what it is, trading and in some sense if you are trading altclins you are pretty much gambling.