Is trading an occupation? - page 8. | Bitcointalksearch.org

sheenshane

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Quote from: Yamifoud on April 04, 2021, 05:33:46 PM

And with this new generation, the internet era, I could say trading is a good profession and that could possibly make you rich if you are doing this so well.

I tend to agree, but there's no quick money on trading, it needs more work and research in the beginning and as I say, trading isn't an easy job that you can earn profit and becomes a millionaire within a short period of time. We're now in the internet era and most people relying on internet activity but you shouldn't hurry and hoping to becomes quickly a millionaire, isn't work like that, if this is your mindset towards trading, forget it.

If you really change your life daily routine and quit your job and switch to a full-time trader, I may advise be a professional and expert at what you do because for now, crypto trading is might be trending as a source of income to anyone who knows technically stuff about trading. If you want to become a professional it needs for you to have a workload to take time to learn and gain knowledge, without it, it seems your wasting your time in trading and that does not become your occupation.

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Quote from: Yamifoud on April 04, 2021, 05:33:46 PM

Quote from: ReiMomo on April 04, 2021, 05:21:33 PM

~Snipped

Someday if ever I lose my office job, I've found trading is a good place to stay. I'd never find it is totally profiting this time since I was doing it as a part-time job but I know that it really works well and profiting if we focus on this.
Yeah, it is consists of high risk and not everyone meant for this but if we are thinking positive that we can do it better, we surely have to work hard for it.
And with this new generation, the internet era, I could say trading is a good profession and that could possibly make you rich if you are doing this so well.

You just hit the nail on the head. It's the internet Era and the age of the digital economy. I think it's high time that trading should be considered a profession, it doesn't have to be organized like a small trading desk or firm. Like other professions, it involves a substantial amount of risks and also comes with its rewards if done right so it work as a profession to me. I don't know about others but even traders in traditional markets are considered to be practicing the profession. The same can be said about crypto traders whether small or large scale ones.

bittraffic

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If you make a living out of it then it becomes a job or an occupation for you. Just like when you are a basketball player and you become so good at it and then you got recruited by NBA team to join them. You get paid by playing the most enjoyable game of all for you. There is no other thing you do but play.

Trading had been a job for those in Forex and Stock market, long before crypto they were already jobs trading for someone else money.

Yamifoud

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Quote from: ReiMomo on April 04, 2021, 05:21:33 PM

Since you are sitting in front of your computer and spend hours on trading activity and it needs to work out, I guess we can consider it as an occupation because we also called this as a profession that most choice by people who have great knowledge of trading to have a paycheck at the end of the day. But it doesn't mean there's a guaranteed paycheck right after for your trade activity because this kind of job is quite risky and it will also p[putting in risk your capital or it will end up nothing.

There's nothing wrong I guess if you will choose this kind of professional as long as you have confidence in yourself that you can able to generate profit.

Someday if ever I lose my office job, I've found trading is a good place to stay. I'd never find it is totally profiting this time since I was doing it as a part-time job but I know that it really works well and profiting if we focus on this.
Yeah, it is consists of high risk and not everyone meant for this but if we are thinking positive that we can do it better, we surely have to work hard for it.
And with this new generation, the internet era, I could say trading is a good profession and that could possibly make you rich if you are doing this so well.

wxa7115

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Quote from: J1mb0 on April 04, 2021, 01:00:55 AM

I think trading is a profession and it appeared a long time ago, before the cryptocurrency market there were a lot of people trading on the Gold and stock markets.
However, this is a profession that requires a lot of things, you need to have experience, knowledge, skills and always learn.

When people think of a trader they think of a person watching many monitors and many different charts and trying to obtain some profits out of the markets, but the truth is that a trader is anyone that buys a product with the intention of selling it for a higher price later down the road, as such we can safely say that trading has probably existed since humans have exchanged products and services among them.

However we must also remember that they far majority of traders in the history of the world have failed in their desire to obtain more profits and what better example of this than the April fools' day joke that theymos implemented just a few days ago.

ReiMomo

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Since you are sitting in front of your computer and spend hours on trading activity and it needs to work out, I guess we can consider it as an occupation because we also called this as a profession that most choice by people who have great knowledge of trading to have a paycheck at the end of the day. But it doesn't mean there's a guaranteed paycheck right after for your trade activity because this kind of job is quite risky and it will also p[putting in risk your capital or it will end up nothing.

There's nothing wrong I guess if you will choose this kind of professional as long as you have confidence in yourself that you can able to generate profit.

Lanatsa

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Here are some words about trading as an occupation.
https://www.investorsunderground.com/when-to-make-the-leap-to-full-time-day-trading/

"For full-time day-traders, trading stocks is a career. This means it requires work – work that entails sitting by the computer for hours a day staring at screens. ... Day trading is one of the few career choices where you are not guaranteed a paycheck, and you may even lose money after investing hours of your time."

Ryker1

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Well, yes that is considered an occupation if you are in day trading or full-time trader --but for me, I cant treat this as an occupation because I cannot able to trade as a day trader. This is a very risky occupation and a sort of gambling that sometimes was based on your luck. I have seen a thread here before asking most likely the same question on this OP, saying, trading is considered a source of income. It is really hard to decide because we have different perspectives view on it. But for me, I rather good if I will find a stable job that provides me a stable income at the end of the month.

Fatunad

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Occupation would be considered if you do really go full time with it but if not then it would really be just good as a side job.It does matter on how someone would
treat it out because we do have different perspective when it comes to something.So we would really be expecting different insights and opinions on here
if trading is an occupation but if we do look on a bigger picture then it can really be considered as one but there are people whom do really sees this thing
to be a risky which wont be included on a criteria.All matters on how someone will treat it off.

tygeade

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Depends on who you ask, some people will say that it is an occupation and some people will say it is way too risky. I am in the middle, I think it could be a profession if you just work for someone else, and you may think "who would hire me to trade for them?" but that is the whole financial market. All those big banks and investment brokers are doing this in wall street, in fact that is the only reason wall street exists, people pay them to use their money to trade.

So yes, in fact trading is a job that you could do and you use others money and trade with it and if you do a great job more and more people will pay you to do the same thing and if you are horrible you would be fired. How you get involved? You study and become one of the best in finance at a top school and you get experience and get a great job and start working in the wall street world for it.

tarek4545

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Hey mate, you say right trading need a experience because without experience about trading we can loose lot of money. I am a trader and I take a trading as a profession. In this trading sector I got lot of money and I am very happy with that.

molsewid

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Quote from: cheezcarls on April 04, 2021, 07:23:06 AM

Yes it’s considered an occupation. In this term, occupation doesn’t refer only to someone who has a fixed day job or being the president or head of the company. It can be a career where you can call yourself as a professional trader. This reminds me of a good friend of mine who quits his night shift work last year in order to become a professional cryptocurrency trader, and oh yes, he reaped the rewards despite having difficulties in the first place.

Yep trading might consider as an occupation but with the use of professionalism. I didn't mean that to become a trader you should first become a professional, professionalism earn while you're on your journey of learning about trading. The rate of unemployment rises due to the pandemic that we have dealing and considering working a full time trader isn't bad since it is much relevant and safe to work inside your home.

crwth

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Checking the definition of "occupation" and the meaning behind the word, it's being "occupied" on a job or something. I think it can be applied to being a full-time trader. As long as you will be fully focused and occupied most of your time, it will be okay to consider being able to occupation. Many people would be happy to have that as their occupation if they continuously earn from it.

With the recent happenings in our lives, some even are looking for a gig to survive. Many people would find anything to increase their income and wealth sources, whether in trading or another way.

mersal

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Trading is not a job its a profession means skills speaks here than your working hours, you can make few thousand dollars in a minute in crypto trading and also you can lose it as well so more income means more profits.

While talking about people quitting their jobs just because they made some good trades in the recent time is not justified, trading is not a consistent earning way so you need to have some other way of income if you failed in trading to survive.

Maus0728

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Quote from: Zilon on April 04, 2021, 12:30:16 AM

Would trading be called an occupation if this be the case.

Yes! In fact, choosing day trading as a career is also one of the greatest option to earn more money than a typical doctor, engineer, software programmer etc.. as long as you know what you are doing. Even though a career in trading does not have any type of certificate or diplomas that signifies you as a trader, however it still requires you to have tons of education similar to these licensed professionals.

But then if you have a good paying day job, and you do some trading as side hustle then that's really just fine though.

Quote from: Zilon on April 04, 2021, 12:30:16 AM

Is trading really gambling or does it in any way have similarities with gambling. This part has to be clearified because it is really bringing heavy argument in our society.

I really hate to say this but trading is also a form of gambling but a calculated form of gamble. It is calculated due to the fact that it needs some sort of analytical skills that will determine your edge and increase your probability of winning.

Well, it's really not important to engage on an argumentative discussion that discusses if trading is gambling or not, the answers are vast and is subjective in grand scheme of things. We just can't force our opinion to someone else's throat. What matters to me is the idea that if something works for me it's fine, and if not, just move on and get a life other than trading.

Quote from: Zilon on April 04, 2021, 12:30:16 AM

Most religious bodies still kick against trading with the view that it is a form of gambling that has 60% certainty if traded with caution. But if the certainty is above average then why do we still regard it as gambling?

In an atheistic point of view, who cares if the religion says that trading is a form of gambling. They can't control other people's lives and what they do about their money. As long as we do what we think is right, that's fine.

Quote from: Zilon on April 04, 2021, 12:30:16 AM

Crypto trading could be an alternate source of lively hood which could payoff most of the bills some highly paid jobs can not attempt to clear off. This post isn't meant to discourage you from your job. It's only an eye opener. Crypto trading can still serve as a side hustle to settle bills before the arrival of our large salaries.

Either as an alternative or even as career, it doesn't matter as long as you are winning and improving on a daily basis, it's okay Wink

bekti3

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I agree that currently unemployment is increasing, especially when the pandemic hits. the increase is very drastic. and these conditions force us to move to jobs that are not controlled by one boss. with crypto trading, everyone is entitled to a special place. Crypto trading is one solution to reduce unemployment in every country. at the same time enhancing the economy of the community.

Kasabus

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Some of your friends, neighbors are telling the truth and some of them are also telling lies. It only confuses you if will continue to listen them but instead, ask a question to traders who have the experience and see what is their status.

Trading can be called also a profession, but this a special kind of profession. I'm telling that because we can't find it in any schools teaching about trading (correct me if I'm wrong)like other professions, I've never heard it in my school then, but only I saw it someone do the lecture and educate about how trading works in a special event, not in school.

mindrust

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Quote from: Zilon on April 04, 2021, 12:30:16 AM

...
What could we deduce from this. Could there be a contrary view. Because for me crypto trading can be classified as an occupation in at this point of the world's evolution especially in underdeveloped and developing nation's where unemployment is hitting the peak of the day. Crypto trading could be an alternate source of lively hood which could payoff most of the bills some highly paid jobs can not attempt to clear off. This post isn't meant to discourage you from your job. It's only an eye opener. Crypto trading can still serve as a side hustle to settle bills before the arrival of our large salaries.

Crypto trading is not different than any other trade. Crypto or not the basics are always the same. Buy low, sell high, buy back lower, sell higher and keep doing it every day. You don't necessarily trade only crypto. You can trade anything. WoW gold, toilet papers, stocks, musical instruments, precious metals, computer hardware, automobiles... basically everything.

Sinjokubhi

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Quote from: Zilon on April 04, 2021, 12:30:16 AM

I know of so many who dropped their jobs to take up trading as a life time carrier despite the volatility of the market. A whole lot made hudge fortune from the market. So many made what the have never achieved throughout their life time in office jobs in few trades. Some other set abandoned their jobs and took up a carrier in trading mentorship. This has brought hudge fortune to traders who understand their market analysis at large.

Would trading be called an occupation if this be the case. I ask because I see a whole lot of persons who see trading as gambling and even discourage prospective traders not to venture into such. Is trading really gambling or does it in any way have similarities with gambling. This part has to be clearified because it is really bringing heavy argument in our society.

Most religious bodies still kick against trading with the view that it is a form of gambling that has 60% certainty if traded with caution. But if the certainty is above average then why do we still regard it as gambling?

From: https://www.ig.com/en/cryptocurrency-trading/what-is-cryptocurrency-trading-how-does-it-work

We could define crypto currency trading as follows:
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.

What could we deduce from this. Could there be a contrary view. Because for me crypto trading can be classified as an occupation in at this point of the world's evolution especially in underdeveloped and developing nation's where unemployment is hitting the peak of the day. Crypto trading could be an alternate source of lively hood which could payoff most of the bills some highly paid jobs can not attempt to clear off. This post isn't meant to discourage you from your job. It's only an eye opener. Crypto trading can still serve as a side hustle to settle bills before the arrival of our large salaries.

I think there are many people who make trading a profession, but among those people. There are people who work in other jobs, but still have time to trade as their side job.

Actually, it is not easy to take up the profession as a trader. Like any other profession, both skills and experience are needed most of all to get started. Trading too, this profession cannot be done carelessly by everyone, and not everyone can do it. Therefore, preparation is needed, such as knowledge about trade science.

If you dare to start without preparation, then be prepared to take the risks that will occur. Because, all is needed in the process of achievement.

cheezcarls

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Yes it’s considered an occupation. In this term, occupation doesn’t refer only to someone who has a fixed day job or being the president or head of the company. It can be a career where you can call yourself as a professional trader. This reminds me of a good friend of mine who quits his night shift work last year in order to become a professional cryptocurrency trader, and oh yes, he reaped the rewards despite having difficulties in the first place.

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