TRADERS are not UNEMPLOYED - page 10.

retreat

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Quote from: Oshosondy on April 28, 2024, 06:31:18 PM

Not all traders can use trading to make money. According to some reports that I have read before, most traders are losing. Those with small amount of money will lose because they risk more and not patient. When someone will think of trading to make himself money, he may lose. If you are trading, you should not consider it as a job. You need a reliable job. Trading is risky like gambling and it should not be seen as a job.

Even though trading has risks and at any time someone can lose money in the market, if someone has earned money consistently there he can consider trading as his job. There is a friend of mine who makes money through trading, so when people ask him what his job is, he will immediately answer that he is a trader, because from the start he entered the world of trading he has been focused on being able to make it his job and lucky for him he can earn stable money from it. So depending on the individual, he can consider trading as his job or not.

mk4

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Quote from: Apocollapse on April 29, 2024, 03:58:07 AM

Quote from: GreatArkansas on April 28, 2024, 07:15:26 PM

Quote from: mk4 on April 28, 2024, 06:51:30 PM

Hence, solo/at-home traders are unemployed.

Some also tell fulltime traders, but we can't say they are employed especially if they are trading alone using their own money and can trade anytime they want and not relying to other people or company.

Take a look with Cambridge dictionary.

Quote from: https://dictionary.cambridge.org/dictionary/english/unemployed

not having a job that provides money:

It means if the traders make money from trading, it's considered as self employed. But if they didn't earn from trading, they're unemployed. Unemployed is when you didn't provides money, it's why traders get taxed because they're making money.

"Job" isn't necessary need to rely on other people money or under someone company.

In summary: It will totally depend on which dictionary definition you're going to base it upon lmao — hence, again, it's something that people shouldn't really be taking too seriously. I don't know why it's such a huge ego-hit for people to be categorized as unemployed.

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Quote from: danherbias07 on April 28, 2024, 05:48:36 PM

Traders do make money too but the question of "Until when?" will always pop out, especially in an unpredictable market. So yes, I would still consider getting a job for consistent money and then use the trading profits as my extra for other stuff that I need to spend.

You can not start from the top as a trader, when you start to trade you will need to have a reliable source of income because you can not always depend on trading as you do not have the experience and the money to help you become professional at trading. It is when you have traded for sometime that you can depend only on trading because you now know the market very well and you can make profits from the market. You would had also use the money that you have many from trading to start up a business that you can depend on when you make a mistake and do not make profits. Traders are unemployed but they are self employed because they do not work for anybody but they are working for their own selfs. Trading is an unpredictable market and depending only on trading as your job is risky. Before a beginner should start taking trading as their only income source, they should be very experienced first to avoid disappointment.

Smilevictorobinna

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Quote from: hugeblack on April 28, 2024, 10:00:25 PM

It is a mistake to consider trading as a job in the sense that you depend on it to buy essentials and pay bills, because trading brings profits over a long period of time and patience, and the bills may not bear patience for more than a month.
Therefore, even describing trading as free work comes from the fact that it is something you do without restrictions on its timing and lifestyle, but as soon as trading is restricted or governed by a specific price or need, it will be unprofitable and may lead to losses.

I think one can consider trading as a job because it gives you income and what ever you do that pays you can be considered a job.

When it comes to trading you work before you can get income just like other jobs.
Not all trading take as much time as you said before getting an income one can trade and get income same week it all depends on how knowledgeable that person is on trading. A lot of traders are living well and paying there own bills.

Trading is profitable and it has been for a long time now, like I said earlier it all depends on how knowledgeable one is if you are a master when it comes to trading believe you me you will make profit, I'm not saying you won't have loses but your win will be more than your lose.

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Quote from: jrrsparkles on April 29, 2024, 04:11:43 AM

snip
what others think about you doesn't matter as long as you are being successful at it. Trading as your primary job is highly risky which also should be pointed out here.

Trading is a high-risk activity but there are people out there who are willing to put their full time into trading and make it their main income.

Quote from: joeperry on April 29, 2024, 04:52:52 AM

I consider it like a freelancing, more like whenever you just want to trade. I know a lot of traders and they only spend less than an hour or two and earning good profit which is way more higher than a hourly jobs, so they choose to be trader than working as they are earning more money and less work, which is pretty amazing because no matter what the market status are (bullish or bearish), they can still managed to earn from that market.

But for me, it depends on the person itself, some trade for fun and some trade for living.

This is also my view, the same thing as gambling ^{(but trading is not the same as gambling)} many people use gambling as entertainment, but there are also a group of people who use gambling as a source of their income, so the conclusion is that anything that makes money can actually be made as a job, the only difference is whether we are good at it or very bad at it.

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Quote from: Frankolala on April 29, 2024, 07:10:56 AM

Trading is good but not to be taken as a job, because it is risky, and only you bear the risk alone. A trader is unemployed, and needs a job to balance up any loss made in trading, otherwise, life might become more difficult. A professional trader can make mistake and run into a big loss, and all the fund made in various trade will be gone in a twinkle of an eye. This is how trading is i.e you cannot depend on it to take care of your basic needs.

A lot of traders are just answering the name traders but they don't have the knowledge of trading and strategy of making profit, some depends on signals. I will call such people gamblers and not traders, this is the reason why majority of traders run at loss.

We know that when an individual has an employer who holds his time and has a definite wage, either monthly or every 15 days, So, if we are traders, we are not employees,
but we need to work out traders.

The only question here is: what do we do? Of course, first find out the basics of trading; aside from that, it needs to be dedicated and determined at the same time for us to get and understand the most basic concept of trading here in the cryptocurrency business industry.

Nrcewker

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You call it employment when you work for someone and have a fixed payscale for the work. Hence technically if we see then yes we all traders are unemployed. We don’t have a fixed source of income. But yes that’s true that, we make more money than the people who are employed. So I think this debate is completely useless. We are trader and it is a skillful task to trade.

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Quote from: chigo on April 28, 2024, 04:39:57 PM

Quote

There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.

However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.

this original topic comes from a local topic that I created
Read More: https://bitcointalksearch.org/topic/m.62727614

Does it really matter if a trader is referred to as unemployed or being employed. It is even better that a trader is making so much amount of money and he is still being referred to as unemployed. It will definitely make him to save alot because many people are not expecting much from him because he is unemployed. So, to me, it doesn't matter if people see you as been employed or unemployed, what really matters is if you are able to provide for yourself and for your family. In this present century people does not actually need to know where you work, especially remote workers. Master your act of trading and bring food to the table that is all.

Frankolala

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Trading is good but not to be taken as a job, because it is risky, and only you bear the risk alone. A trader is unemployed, and needs a job to balance up any loss made in trading, otherwise, life might become more difficult. A professional trader can make mistake and run into a big loss, and all the fund made in various trade will be gone in a twinkle of an eye. This is how trading is i.e you cannot depend on it to take care of your basic needs.

A lot of traders are just answering the name traders but they don't have the knowledge of trading and strategy of making profit, some depends on signals. I will call such people gamblers and not traders, this is the reason why majority of traders run at loss.

bettercrypto

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If I look at trading literally and I know for myself that trading is not easy to learn, even though I already know something about it, I cannot say that it is easy to learn and actually absorb. Now, if we make it a skill, that means we will apply it in our personal lives to get a source of income.

Because this is the potential that trading really provides. So, if we get earnings here, whether short- or long-term, it can be said that this is really a job; the only difference is that you don't have a boss; instead, you are also the boss because we own our time here.

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Quote from: shinratensei_ on April 29, 2024, 12:20:27 AM

The prejudice is there though, undeniable even though trading does generate income some people out there with a lot of prejudice consider day trading isn't a real job heck even getting approval of lease are hard when you stated that you do day trading, if you are a trader and you working on it full time be prepared to not be able to have loan from banks that easily unless you can build your reputation and your credit score.

undeniably it happens across the world, some people just can't grasp what trading actually is and due to that they just said that its not a real job.
speaking of stability, yes trading as a job is unstable, but so does other jobs as well I think its still inline with the potential of profit that you could gain so the unstability of the job is worth it.
even in the other job being an employee building a career from below all the way to the top you can always lost your job due to lay offs.

Indeed, many people think that trading is not a real job, even though you can get profits or income that can be targeted every day, but it is not easy to earn income from trading. Therefore, there are some people who apply trading as a side activity and prioritize real work that can clearly earn income every month

Ordinary people around you will definitely think that if you don't have a real job, they will think that person is unemployed, but as long as you can consistently make a profit from trading, don't care too much about what other people say. The important thing is that your daily needs can be met without having to bother other people. But it would be better if trading was used as a side job

Kelward

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Crypto trading is a job, just like any other jobs that a person does that they make profit or earn salaries from, these includes whether you're self employed or an employee. The only difference is if the money that comes in from the job is able to take care of the person's responsibilities, if not then the person might be compelled to quit, then get a better one or get a side job to earn more money.

Why I don't consider crypto trading as a full time job is because of the risks involved, it has some attributes of gambling, where you don't know how the market will swing anyday you enter trading, infact you're not in control of the market. What happens when you consistently encounter loses over a period of time, who'll take care of your responsibilities? I think that every responsible trader should have another source of steady income, so when they make profit in trading, it becomes a plus to their total income.

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I consider it like a freelancing, more like whenever you just want to trade. I know a lot of traders and they only spend less than an hour or two and earning good profit which is way more higher than a hourly jobs, so they choose to be trader than working as they are earning more money and less work, which is pretty amazing because no matter what the market status are (bullish or bearish), they can still managed to earn from that market.

But for me, it depends on the person itself, some trade for fun and some trade for living.

TheUltraElite

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Some people take trading as a full time job. But the number is few and most don't even come to the public or reveal this aspect of their life, they might be your random garden man or the regular chap on the bus to work, in other words they remain invisible to public eye.

The main point is still whether the trader is using their trades funds as major source of income or other hustles to fund their trading. Being employed is not the term I would apply here, though. There is no legal binding in trading unless you are doing it on behalf of a company.

That said there are traders who have other employments too so they are not unemployed.

jrrsparkles

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Post covid. people started to work from home more than ever and even companies want their employees to work from home cause it reduces the company's expenses a lot. Anyway, let's come to the topic, what others think about you doesn't matter as long as you are being successful at it. Trading as your primary job is highly risky which also should be pointed out here.

Apocollapse

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Quote from: GreatArkansas on April 28, 2024, 07:15:26 PM

Quote from: mk4 on April 28, 2024, 06:51:30 PM

Hence, solo/at-home traders are unemployed.

Some also tell fulltime traders, but we can't say they are employed especially if they are trading alone using their own money and can trade anytime they want and not relying to other people or company.

Take a look with Cambridge dictionary.

Quote from: https://dictionary.cambridge.org/dictionary/english/unemployed

not having a job that provides money:

It means if the traders make money from trading, it's considered as self employed. But if they didn't earn from trading, they're unemployed. Unemployed is when you didn't provides money, it's why traders get taxed because they're making money.

"Job" isn't necessary need to rely on other people money or under someone company.

Oshosondy

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Quote from: LogitechMouse on April 28, 2024, 09:12:56 PM

I guess it depends on the situation.
I would agree with what you said that trading can't be a reliable job since the income isn't stable, but there are some factors that might affect that one.

Let's say for example, a trader is making 5 digits on a monthly basis just by doing trading. Yes, there are times where he lost money in trading since no one can predict the market with 100% accuracy, but at the end of the month, he's making money like other employees. Do you still need to have a "RELIABLE" job if you know yourself that you are making money in trading "CONSISTENTLY"?

You are correct, but we traders do advice people that trading is not a reliable means of making money because we know how risky it is, especially for newbie traders. If we tell them that it is a way to make money, they will later most likely tell us that we are lying but setting a pit for them to fall into. I just do not know how I can excellently explain how trading should not be taken as a job except you are a good trader already and making money from it. Most people will realize it when they solely rely on trading that it is very risky. Some success traders that I have met do other things that are reliable than to just be trading only and they make money from trading, they invest more in reliable business in case of bad trading days.

Quote from: OrangeII on April 29, 2024, 02:58:44 AM

Well, if unemployment is defined as not having a job, then traders are not unemployed. Because many people feel that they work by trading. However, it all depends on our respective perceptions and views. If work is defined as us being paid by the company and we have a contract with the company, then traders can be said to be unemployed. However, if people look at unemployment this way, then people who start businesses by selling something, and trying to generate their own income are unemployed. yeah, I think that's not quite right.
However, I think this has a very broad meaning. People will look differently at traders who are successful and have a lot of assets, from traders who work at home, but make very little money. The first trader might be said to be a successful businessman by ordinary people, and the second trader would be said to be an unemployed person looking for money on the internet. IMO, Traders are a job, but with high risks.

Are you really a trader? This should not be about what you read or what you think of but about what you know and have experience about.

Yamifoud

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Anything you do in exchange for money is a job. Trading is considered to be but can't just rely on this to become a good source of income unless you are really good at this.

Trading is profitable but has quite high risks which is why this is not just a simple job but a difficult one. Indeed, traders are traders, they are working hard to make their trades ever profitable. Many people earn more from trading which gives interest to others but do not know that the majority are losing than those who earn satisfying amounts. It is your call if you consider this but for me, trading couldn't be our main source of income due to its nature.

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Well, if unemployment is defined as not having a job, then traders are not unemployed. Because many people feel that they work by trading. However, it all depends on our respective perceptions and views. If work is defined as us being paid by the company and we have a contract with the company, then traders can be said to be unemployed. However, if people look at unemployment this way, then people who start businesses by selling something, and trying to generate their own income are unemployed. yeah, I think that's not quite right.
However, I think this has a very broad meaning. People will look differently at traders who are successful and have a lot of assets, from traders who work at home, but make very little money. The first trader might be said to be a successful businessman by ordinary people, and the second trader would be said to be an unemployed person looking for money on the internet. IMO, Traders are a job, but with high risks.

Z_MBFM

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Quote from: Oshosondy on April 28, 2024, 06:31:18 PM

Not all traders can use trading to make money. According to some reports that I have read before, most traders are losing. Those with small amount of money will lose because they risk more and not patient. When someone will think of trading to make himself money, he may lose. If you are trading, you should not consider it as a job. You need a reliable job. Trading is risky like gambling and it should not be seen as a job.

Traders trade with the intention of making an income so they are in a job. So they cannot be called unemployed but trading is not like other things like job, business. no one can always make a profit in trading. There is a lot of loss in trading so it is not a source of steady income for anyone. For this reason someone wants to lead his life only in trading and has no other source of income then he will not be able to lead his life normally for long. He may be financially strong for a few days to make a profit in trading, but when he loses, he will experience a period of scarcity.

Topic: TRADERS are not UNEMPLOYED - page 10. (Read 2000 times)