Occupational hazards of trading crypto

Cling18

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Quote from: rojan on April 24, 2022, 11:05:35 AM

Quote from: Rruchi man on March 18, 2022, 09:50:13 AM

Many occupations are plagued with occupational hazards, that is long term effects of staying in a profession for a long time.

say for instance, For retired mechanical engineers who spent most of their active years working in places with heavy machinery with much noise, you'd notice how they always speak at the top of their voice and may have hearing defects.

For retired medical practitioners, due to long exposure to hospital environment that always has a particular smell, you observe that they may loose their sense of smell.

For Nuclear Engineers, they are at a higher risk of suffering the long term effects of radiation after retirement.

Aim of this Discuss
Trading of crypto full time as an occupation is fast becoming a trend, this discuss is to elucidate the long term effects associated with crypto trading so that forum members who are considering it as a career option can know what they should be expecting and how to avoid it.

The very first long-term occupational hazard i can think of is the development of High blood pressure...

What can you add to the list of dangers associated with making crypto trading a full time occupation?

It is safe to assume that high blood pressure develops here, but it depends on what you eat and how often you exercise. The long term development that can lead to psychological damage is that they cannot be successful entrepreneurs. They cannot expect that positive thing. Proper risk management has the risk of risk management.

Healthy living is the key to get rid of high blood pressure. Also, the proper mindset and caring for our mental health will be a big help for to us maintain a successful trading career. There will be risks in any type of job but as long as we know how to balance and handle all the aspects of our lives most especially our health, we could reach the success that we want because we could focus on our target goal. Trading will be a successful journey if we'll handle our emotions well.

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Quote from: Rruchi man on March 18, 2022, 09:50:13 AM

Many occupations are plagued with occupational hazards, that is long term effects of staying in a profession for a long time.

say for instance, For retired mechanical engineers who spent most of their active years working in places with heavy machinery with much noise, you'd notice how they always speak at the top of their voice and may have hearing defects.

For retired medical practitioners, due to long exposure to hospital environment that always has a particular smell, you observe that they may loose their sense of smell.

For Nuclear Engineers, they are at a higher risk of suffering the long term effects of radiation after retirement.

Aim of this Discuss
Trading of crypto full time as an occupation is fast becoming a trend, this discuss is to elucidate the long term effects associated with crypto trading so that forum members who are considering it as a career option can know what they should be expecting and how to avoid it.

The very first long-term occupational hazard i can think of is the development of High blood pressure...

What can you add to the list of dangers associated with making crypto trading a full time occupation?

It is safe to assume that high blood pressure develops here, but it depends on what you eat and how often you exercise. The long term development that can lead to psychological damage is that they cannot be successful entrepreneurs. They cannot expect that positive thing. Proper risk management has the risk of risk management.

wxa7115

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Quote from: FairUser on April 05, 2022, 08:49:49 PM

The 24/7 strategy may work immediately, but in the long run, it is really not good for the person himself. I used to think that I spent all of my time at my current job, and it only lasted 3 days when the body clearly felt fatigued. Perhaps I think this problem will be lighter when we are aware of what we are doing to have a reasonable life in balance between material and spiritual. And there is no need to be too negative when looking at it as a threat, when this is a job with more opportunities for personal development.

This is a very common problem especially in those traders that are new but which are talented, basically they do not want to miss a single piece of the action that the markets can give them and they even set their smartphones to send them notifications when they are sleeping so they can try to take advantage of them.

But this is an unhealthy lifestyle that cannot be maintained for long, and if someone actually tried to do it then they will see their health deteriorate significantly in just a mater of months, so while earning money while trading is good, it is not worth it if you have to exchange your health for it.

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In the long term, it is imperative to move away from everyday monitoring of charts and trading. You are not only wasting your time, but you are putting yourself at unnecessary risk. I know for myself that the more often you go to look at the charts, the more anxiety begins to arise. Any downward price impulse immediately provokes a hasty decision that you need to urgently sell your coins so as not to lose profits. I am sure that everyone had such a moment when he looked at the charts often, during the day, saw the price start to fall, sold his coins, and then, the next day, the price returned to its former values and even grew.

And after that you start to think: well, why did I come to look at these charts then? If I hadn't looked, nothing would have changed for me and I would have continued to make a profit. Cheesy

This is why some people keep on inventing new ways to be in front of the PC, I still mock those who have like standing desks and all, because I would rather sit down even if it means bad health for 8 hours a day instead of standing still.

I am pretty sure that must be something difficult for your health as well, 8 hours of standing instead of sitting can't be that great neither but at the very least shows that people are working on finding a solution. The best is to take breaks, like 10 minutes per hour, and then having like a 30 minute walk before or after work (or during lunch time if you prefer). That is still the best way to do it.

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Quote from: Rruchi man on March 18, 2022, 09:50:13 AM

Trading of crypto full time as an occupation is fast becoming a trend, this discuss is to elucidate the long term effects associated with crypto trading so that forum members who are considering it as a career option can know what they should be expecting and how to avoid it.

The very first long-term occupational hazard i can think of is the development of High blood pressure...

What can you add to the list of dangers associated with making crypto trading a full time occupation?

The situation may not be the same for everyone. What you experience may not be the same thing that any other person will be experiencing . what matters a lot is that you try to put all these into consideration and monitor your health to know when things are not really fine with you.

If you feel maybe keeping up late night to trade or looking at your monitor screen for a long time is affecting your health, then it is time that you tried to put things under control by reducing the amount of time spent trading or looking on your monitor screen. We should always try to keep notice of things that are going wrong with our health or the bad habits that we have with work.

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Quote from: Cookdata on April 08, 2022, 04:42:18 AM

I believe there are more risks to being a full-time trader, and this is dependent on the amount of money you have committed in each trade. For example, I can open a $100 spot trade position and if I get trapped and lose 50%, I may be brave enough to hold that position as I can manage the loss, but even with that ability, I can lose my appetite, I wouldn't want to talk to anyone as a small thing can upset me easily, and I may become mute throughout the day; these are some of the common after-effects and emotional damage I face in short term.
What happens if I open a $100000 position and lose more than 50% of it? It will not only cause me to have high blood pressure for a long time, but it will also cause me to fall repeatedly whenever I remember my errors. Cheesy

In order for blood pressure not to rise, risk management must be followed. There is such an unspoken rule of risk management, which says that you should open a deal with no more than 2% of your deposit. Not 100% like many beginners do. This way you will never risk your entire deposit and you will have a lot of free money. For example, you bought 2% of your deposit bitcoin at 40,000, and it fell by 20%. Instead of being nervous, you buy another 2% of your deposit and the cost basis of your bitcoins becomes less than when you first bought. I understand that it makes little sense to trade at 2% of the deposit when your deposit is $1,000 or so. But this is the mistake of many small traders. They don't want to make small profits over and over again safely. They want to get a big percentage, loading themselves with huge risks. What can be hoped for with this approach to trading? Of course, only to lose.

A trader who has money in reserve will be happy even with a 70% drawdown of bitcoin. Do you know why? Yes, because this is a chance to buy even more coins at a great price. So always keep a margin of funds to average your positions.

If you do have this kind of mindset or aim on why you do pursuing to make out some trades then you would most likely be failing or would really lose some because risk management is one of the most important factor

which is needed for you to survive this market.If you do have that kind of behavior where you do really love to see and hurry up yourself on gaining big profits then you would surely fail because you would definitely
be making some orders which is talking about 100% of your deposit.

Speaking with health then everything should be balanced because it wont really worth if your health is already been affected because of too much engagement.

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Quote from: awik p on April 06, 2022, 07:06:28 AM

actually trading is like what we live, if we place trading as a job, then we also have to work according to the working hours that we set ourselves. or else we have to be able to manage our time, our stress level, that's why many people say to trade according to their own comfort, where everyone will feel different comfort. Therefore, if we have health problems due to trading, then our strategy is wrong, and we don't feel comfortable

And it's true. Even dedicated traders only set a set amount of time trading, heck maybe even less than your average trader. It's mostly because they've learned how the markets move so knowing the when is rather easy for them (or rather easy for them to assume that is). Using up all the time in the world doesn't guarantee profit (but it does help at some point).

Quote from: Cookdata on April 08, 2022, 04:42:18 AM

I believe there are more risks to being a full-time trader, and this is dependent on the amount of money you have committed in each trade. For example, I can open a $100 spot trade position and if I get trapped and lose 50%, I may be brave enough to hold that position as I can manage the loss, but even with that ability, I can lose my appetite, I wouldn't want to talk to anyone as a small thing can upset me easily, and I may become mute throughout the day; these are some of the common after-effects and emotional damage I face in short term.
What happens if I open a $100000 position and lose more than 50% of it? It will not only cause me to have high blood pressure for a long time, but it will also cause me to fall repeatedly whenever I remember my errors. Cheesy

As others have said. The heavier the risk, the greater the opportunity. Really simple analogy but really scary once you go to levels above your actually capable of on average.

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Quote from: Emitdama on April 08, 2022, 07:55:31 AM

Quote from: awik p on April 06, 2022, 07:06:28 AM

actually trading is like what we live, if we place trading as a job, then we also have to work according to the working hours that we set ourselves. or else we have to be able to manage our time, our stress level, that's why many people say to trade according to their own comfort, where everyone will feel different comfort. Therefore, if we have health problems due to trading, then our strategy is wrong, and we don't feel comfortable

Depends on the person. If he found his passion in trading then for him his world will only revolve around trading. It's his own world and he won't experience a tiredness or what because he enjoys what he is doing.

Not necessarily trading but many people find working at home or working online is a lot better than working away on a real offices because it gives them a freedom. They are their own boss and they can work whatever they like, no pressure whatsoever. We can get a health problem but it doesn't automatically mean that trading cause it, maybe we already have an existing health problem before and it only got worsen so don't blame trading instantly.

I agree from what he says, though I totally get what you're saying.

Even though a person's passion is to trade, he should never neglect his health. Time management is very important, you don't have to trade for a whole day, because sitting too much while in front of your computer is not good for you health. You might earn a lot of money by spending a lot of time in trading but it's useless if you're gonna get sick.

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Quote from: awik p on April 06, 2022, 07:06:28 AM

actually trading is like what we live, if we place trading as a job, then we also have to work according to the working hours that we set ourselves. or else we have to be able to manage our time, our stress level, that's why many people say to trade according to their own comfort, where everyone will feel different comfort. Therefore, if we have health problems due to trading, then our strategy is wrong, and we don't feel comfortable

Depends on the person. If he found his passion in trading then for him his world will only revolve around trading. It's his own world and he won't experience a tiredness or what because he enjoys what he is doing.

Not necessarily trading but many people find working at home or working online is a lot better than working away on a real offices because it gives them a freedom. They are their own boss and they can work whatever they like, no pressure whatsoever. We can get a health problem but it doesn't automatically mean that trading cause it, maybe we already have an existing health problem before and it only got worsen so don't blame trading instantly.

Cookdata

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I believe there are more risks to being a full-time trader, and this is dependent on the amount of money you have committed in each trade. For example, I can open a $100 spot trade position and if I get trapped and lose 50%, I may be brave enough to hold that position as I can manage the loss, but even with that ability, I can lose my appetite, I wouldn't want to talk to anyone as a small thing can upset me easily, and I may become mute throughout the day; these are some of the common after-effects and emotional damage I face in short term.
What happens if I open a $100000 position and lose more than 50% of it? It will not only cause me to have high blood pressure for a long time, but it will also cause me to fall repeatedly whenever I remember my errors. Cheesy

darewaller

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Quote from: awik p on April 06, 2022, 07:06:28 AM

actually trading is like what we live, if we place trading as a job, then we also have to work according to the working hours that we set ourselves. or else we have to be able to manage our time, our stress level, that's why many people say to trade according to their own comfort, where everyone will feel different comfort. Therefore, if we have health problems due to trading, then our strategy is wrong, and we don't feel comfortable

Since trading is not limited to any hour, and can happen 7/24, people do not consider it as a job that you have to do 9-5. I mean that part makes sense, you do not have to actually be sitting down and working 9-5 everyday during weekdays and take a break on weekends and so forth, you do not "have to" do that. You could work different hours and make it relax to whatever you want or need.

However, this also doesn't mean that you should work 20 hours a day just because you can, unfortunately some people realize that they can, and it could make them more profit (possibly) and that is why they are working in unhealthy hours and situations just to make more money.

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Quote from: wxa7115 on April 05, 2022, 01:36:08 PM

This is the path to an improved health, people only decide to exercise and do something about their health when it is too late, if you take your health seriously at such a young age then you will feel way better when you are old.

Now exercising will not really extend your life by a lot but it will increase the quality of your life tremendously, which means that when you are older you will be in a way better shape than other people with your same age that did not do the same, I know it is something hard to do, especially when you have not exercised regularly during your life, but it is worth the effort.

Having a good health means you will live longer so I don’t really get what you mean by saying that exercising doesn’t really extend one's life. If you are eating good and you are exercising properly and also making sure that you don’t over work to the extent of stressing out yourself every day, then you’re probably going to live a healthy and longer life than people who do not exercise or eat good food, neither do they have any consideration of their health in case of stresses from work and things like that.

So, it is very important that we learn to exercise and also not overwork to the extent of stressing ourselves, and make sure that we eat good food.

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Quote from: jrrsparkles on April 06, 2022, 05:24:25 AM

Quote from: ningrum on April 06, 2022, 04:23:18 AM

Quote from: jrrsparkles on April 06, 2022, 03:58:00 AM

Lack of physical activity will lead to lot of health related problems for all age category people so when someone is doing cryptocurrency trading 24/7 they will go into such category for sure. Just treat it as job and never let it to consume yourself only use it for making money and use the money to lead the life you actually wanted so keep the work and life in the balanced state.

It's basically not good to continuously trade crypto without taking a break,
so we have to be balanced both in trading and living life because when we continue to work without paying attention to physical health and mental health it will become a big problem,
I think everyone should be able to manage time well

When they are young they don't really face many issues or they get used to it but when years passesby we will face the serious circumstances. Even a day trader can allocate atleast an hour for cardio which will keep them feel healthy and more confidence so their mental health also get boosted up than someone who is doing nothing.

actually trading is like what we live, if we place trading as a job, then we also have to work according to the working hours that we set ourselves. or else we have to be able to manage our time, our stress level, that's why many people say to trade according to their own comfort, where everyone will feel different comfort. Therefore, if we have health problems due to trading, then our strategy is wrong, and we don't feel comfortable

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Quote from: ningrum on April 06, 2022, 04:23:18 AM

Quote from: jrrsparkles on April 06, 2022, 03:58:00 AM

Lack of physical activity will lead to lot of health related problems for all age category people so when someone is doing cryptocurrency trading 24/7 they will go into such category for sure. Just treat it as job and never let it to consume yourself only use it for making money and use the money to lead the life you actually wanted so keep the work and life in the balanced state.

It's basically not good to continuously trade crypto without taking a break,
so we have to be balanced both in trading and living life because when we continue to work without paying attention to physical health and mental health it will become a big problem,
I think everyone should be able to manage time well

When they are young they don't really face many issues or they get used to it but when years passesby we will face the serious circumstances. Even a day trader can allocate atleast an hour for cardio which will keep them feel healthy and more confidence so their mental health also get boosted up than someone who is doing nothing.

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Quote from: jrrsparkles on April 06, 2022, 03:58:00 AM

Lack of physical activity will lead to lot of health related problems for all age category people so when someone is doing cryptocurrency trading 24/7 they will go into such category for sure. Just treat it as job and never let it to consume yourself only use it for making money and use the money to lead the life you actually wanted so keep the work and life in the balanced state.

It's basically not good to continuously trade crypto without taking a break,
so we have to be balanced both in trading and living life because when we continue to work without paying attention to physical health and mental health it will become a big problem,
I think everyone should be able to manage time well

jrrsparkles

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Lack of physical activity will lead to lot of health related problems for all age category people so when someone is doing cryptocurrency trading 24/7 they will go into such category for sure. Just treat it as job and never let it to consume yourself only use it for making money and use the money to lead the life you actually wanted so keep the work and life in the balanced state.

FairUser

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The 24/7 strategy may work immediately, but in the long run, it is really not good for the person himself. I used to think that I spent all of my time at my current job, and it only lasted 3 days when the body clearly felt fatigued. Perhaps I think this problem will be lighter when we are aware of what we are doing to have a reasonable life in balance between material and spiritual. And there is no need to be too negative when looking at it as a threat, when this is a job with more opportunities for personal development.

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Quote from: Quidat on April 05, 2022, 02:24:50 PM

Quote from: wxa7115 on April 05, 2022, 01:36:08 PM

Quote from: Captain Corporate on March 30, 2022, 03:05:30 PM

I am not even that old, just 32 years old and even I end up with dizziness and high blood pressure time to time. Its not a constant thing but it does happen to me when I spend too much time in front of my PC. Some days it takes me longer than usual to work, sometimes its too much work and sometimes I just feel like working a bit easier. During days when I push my limits, I really have bad days afterwards mentally and bodily. I am just 32 years old right now but been working in front of my pc for the past 6 years. I can't imagine what will happen 10 or even 20 years later. I will probably have very bad health, I need to fix that asap. Diet, cutting out sugar, and walking 30 minutes per day would be a great start.

This is the path to an improved health, people only decide to exercise and do something about their health when it is too late, if you take your health seriously at such a young age then you will feel way better when you are old.

Now exercising will not really extend your life by a lot but it will increase the quality of your life tremendously, which means that when you are older you will be in a way better shape than other people with your same age that did not do the same, I know it is something hard to do, especially when you have not exercised regularly during your life, but it is worth the effort.

Very common action of someone or people where they do make out adjustments when its already too late or they are already experiencing up some problems which is something not really that not really surprising and this is really a very wrong kind of behavior on which we should have done it earlier so that we wont really be coming into a point that we are really be having some health problems.
Health is Wealth and we should really bare that on mind because if we dont then we would definitely be regretting that we had just been ignoring this earlier.
Yes, you might have the money but you cant have that perfect healthy body which would be still useless.

Our profits or whatever we make is just secondary to our health. If we won't take care of it, it will go back to us and we may end up spending more to resolve our health issues. So before something bad happen, we need to address it early. Don't wait for something to come up, as it may be expensive to treat or already too late. Remind ourselves to live healthy as much as we can. In these challenging times, we can't afford to spend in unnecessary expenses.

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Quote from: wxa7115 on April 05, 2022, 01:36:08 PM

Quote from: Captain Corporate on March 30, 2022, 03:05:30 PM

I am not even that old, just 32 years old and even I end up with dizziness and high blood pressure time to time. Its not a constant thing but it does happen to me when I spend too much time in front of my PC. Some days it takes me longer than usual to work, sometimes its too much work and sometimes I just feel like working a bit easier. During days when I push my limits, I really have bad days afterwards mentally and bodily. I am just 32 years old right now but been working in front of my pc for the past 6 years. I can't imagine what will happen 10 or even 20 years later. I will probably have very bad health, I need to fix that asap. Diet, cutting out sugar, and walking 30 minutes per day would be a great start.

This is the path to an improved health, people only decide to exercise and do something about their health when it is too late, if you take your health seriously at such a young age then you will feel way better when you are old.

Now exercising will not really extend your life by a lot but it will increase the quality of your life tremendously, which means that when you are older you will be in a way better shape than other people with your same age that did not do the same, I know it is something hard to do, especially when you have not exercised regularly during your life, but it is worth the effort.

Very common action of someone or people where they do make out adjustments when its already too late or they are already experiencing up some problems which is something not really that not really surprising and this is really a very wrong kind of behavior on which we should have done it earlier so that we wont really be coming into a point that we are really be having some health problems.
Health is Wealth and we should really bare that on mind because if we dont then we would definitely be regretting that we had just been ignoring this earlier.
Yes, you might have the money but you cant have that perfect healthy body which would be still useless.

wxa7115

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Quote from: Captain Corporate on March 30, 2022, 03:05:30 PM

I am not even that old, just 32 years old and even I end up with dizziness and high blood pressure time to time. Its not a constant thing but it does happen to me when I spend too much time in front of my PC. Some days it takes me longer than usual to work, sometimes its too much work and sometimes I just feel like working a bit easier. During days when I push my limits, I really have bad days afterwards mentally and bodily. I am just 32 years old right now but been working in front of my pc for the past 6 years. I can't imagine what will happen 10 or even 20 years later. I will probably have very bad health, I need to fix that asap. Diet, cutting out sugar, and walking 30 minutes per day would be a great start.

This is the path to an improved health, people only decide to exercise and do something about their health when it is too late, if you take your health seriously at such a young age then you will feel way better when you are old.

Now exercising will not really extend your life by a lot but it will increase the quality of your life tremendously, which means that when you are older you will be in a way better shape than other people with your same age that did not do the same, I know it is something hard to do, especially when you have not exercised regularly during your life, but it is worth the effort.

Topic: Occupational hazards of trading crypto (Read 682 times)