Topic: Is trading really worth it? - page 9. (Read 1472 times)

It is worth it if you can give your time to it. It is worth it if you can take the risk. It is worth it if you can bear the bad feeling of a losing trade. Trading is a difficult endeavour because it involves your money directly and you can lose it easily at different times. So you can choose what you want, not many people have survived with trading.


It is very important to trading to learn technical details of it otherwise it will become a lucky game, that is gambling.

It highly depends on how much capital he has. What we saw in the last years is an abnormality, the usual return of the stock market would be like 7-8% yearly. And the most elite of the elite traders could maybe double this return, but not forever. It’s common knowledge that it is really hard to even outperform the market and it takes many years to even build a good portfolio that you can live from.

If he has 100.000 invested(which most can’t afford fast), an average return of 7.000€ yearly wouldn’t be that high and not worth the risk(as only income), he can survive with this, but it’s much more efficient to build a career out of actual work and invest at the same time. This maybe changes with 1-2 million invested, then it would be like 70k a year. Bitcoiners are used to much higher gains, but these kind of returns are insanity in traditional investments, we should really appreciate it more.

So my advice is, he shouldn’t risk everything for trading. If he wanna make trading a living he should maybe try to look for jobs in this field. Technical analysis is not that effective, people put way too much emphasis on it, and forget the basics of investment. Its easy to loose focus there. His best bet is to work and invest at the same time. Just living from investments is a privilege big capital holders have and then there’s so many factors outside of technical analysis that he isnt prepared for, that could make him loose everything. The best traders have insider knowledge/ technology that he will never access to outside these circles, this is really a battle against sharks.

Theres a huge hype on social media by coaches and all the other bs, that make it way too complicated and make more money from selling dreams/ talking and not actual trading. The reality is boring, a good/ fun job and consistently investing in something undervalued like Bitcoin by simply dcaing, will probably outperform any trading a regular person can do, and be much less stressful at the same time.

If he wants to trade he can do it while having a stable income and prove that he can live from it, there’s no need to give up everything for trading before reaching this level. If he isnt better than billion dollar companies with many employees yet, he will also not outperform the market.

I am also curious. I tried it many times but it always won't last long. Or maybe trading is not for me or maybe I need to learn more strategies. I've known a lot of people that were into trading but they too ended up stopping or at the very least stopped depending from it as its main source of revenue. I can say many of them were good traders at that time because they made a lot of money from it. But why they stopped? Obviously they lost later on, just like me. Few years ago, someone taught me a new strategy in forex. He was sharing his positions and trades where he earned thousands of dollars. But just last year, I was informed that he was struggling financially with many unpaid debts and his business nearing bankruptcy.   

The only people I knew that until now are still trading are the kind of long term traders. They're holding their positions for weeks and months. And they are mostly in the stock market where volatility is not that high. And they have their own jobs and businesses as their main source of income.

I usually do not trust paid coaches and mentors. People that called themselves traders but are busy conducting their own paid seminars. They are gurus that read too many books and known too many strategies. I reckon these strategies and learnings won't work all the time.   

 

I have a friend who already resigned from his full-time job for years and he is just doing trading.
For me, trading is not for everyone. But if you will learn and become dedicated to trading, you will become profitable and your time and effort will be worth it.
Just be ready because if you start trading for a living, you expect to risk some amount of funds compared to just working which you are just rendering your time and get your wages.

It is also worth considering the negative side - this can lead to losses. I think this is really important to understand.

In stock market which less volatile this kind of full time trading is possible because the price moves the way technical analysis showing but in crypto, it’s very hard to predict because of volatility which the price can be easily affected by news and FUD. Trading in crypto is more on gambling even if it’s just spot trading because you can’t tell when will the whales manipulate the market price unlike stock market which is fully regulated and manipulation is very seldom to happened.

So answering the question straight forward. Crypto trading is not worth it if you are doing it full time.

Trading is an ideal tool for maximizing wealth, as you have a fixed income that covers your expenses, and then a surplus of money to invest, and the role of trading comes to maximize those investments.

Crypto trading in short is a balance between cash and crypto and trying to determine the appropriate entry and exit points to maximize profits. In short, it is a race that needs time to be an unknown variable, something that does not happen when it is used to pay bills and provide food that needs fixed expenses.

So Answer is Yes & No depend on time

As someone who's been trading for a while now, I can tell you that it definitely is worth it! I've seen firsthand how much money can be made through trading, and it's really opened up a lot of opportunities for me.

I know that some people view trading as a risky endeavor, but I believe that as long as you're smart about it and don't let emotions get in the way, it can be a very lucrative way to make money.

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.