TRADERS are not UNEMPLOYED - page 4.

Hamphser

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Quote from: chigo on April 28, 2024, 05:39:57 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

JOB/Extra income or whatever you would be able to call it out then it would really be that just that depending on a certain individual on how you would really be that making yourself treating up towards trading.

This isnt something that can be called for fun for sure because we are talking earning money on here on which this could really be possibly be able to surpass on what you are earning from your day job.
This is why tons of people would really be considering out on learning on it because we do know on what are the opportunities that it could give on the time that you would really be having that good grasps
for sure you would really be needing up to be serious as it should be cause the money or profit you are making will really be definitely reflects out on how well you do make yourself that making
these trades whether its a work or not on someones perception or treatment then it wouldnt matter, we do have our own views and perspectives in life and on different things.

GeorgeJohn

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Quote from: electronicash on April 28, 2024, 06:24:09 PM

you will only be considered better when you bring much money to the family. whether you see yourself as self-employed because you trade or just unemployed it doesn't matter to the eyes of those who judge you. if you don't wear your pants, you're unemployed that's what they see. you can either ignore them and mind your own business.

or let them know you pay your rent yourself or contribute to the family and it comes from your pocket because you have a job online. you just have to show your achievements, those kinds of people are materialistic, they need to see your expensive car. Grin

traders is self employed staff, learning how to trade is like some who wants to establish it supermarket or any business because the business is something that have to do with personal knowledge, so whosoever that is a trader is a self employed person it doesn't matter how much you earn and how much you generate in your business, a trader can earn more than a government employed person base on its generating profits weekly and monthly, so trading is good but its ability to understand it's rudiments

boyptc

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Quote from: jrrsparkles on April 30, 2024, 10:32:55 AM

I know a lot of full time traders, who only do trades but they belong to the rich family category, even if they are not making money they still can continue their life as used to be. But if someone from salaried class with saved capital for trading deciding to shift from job to full time trading is never recommended.

How I wish that most of us were born with silver spoon and even we grow old, we won't be poor and don't have to worry about anything tomorrow.

But it's true that someone who's working with a stable job, shouldn't go into full time trading when he's not yet prepared of what might come.

Nowadays, it's best to have a lot of sources of income so having that stable salary and do trading whenever you want to do it. Also, you won't get called unemployed. LOL.

Ludmilla_rose1995

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Quote from: stompix on April 30, 2024, 09:35:54 AM

For the last 5 years I've always ended in green in gambling, even for lower timeframes, does this mean we should count gambling as employment also as long as you're making money? I know a few punters who have made hundreds of thousands betting on what they know based on timeforms which are the same as TA, so are they employed also?

different countries have different views, if we talk about those who live in countries where gambling is legal then they think gambling is a job, those who live in an intelligent environment, definitely think whatever they do, as long as it makes money then it is a job

Quote from: stompix on April 30, 2024, 09:35:54 AM

There are people who collect soda cans and plastic bottles, they earn constantly, should they call themselves employed also?

After all with soda cans you don't lose money, what kind of job is that in which for three months you have to take money from your savings to be employed and keep working?

Soda bottle collecting can also be said to be a job, it's just that this job has a lower caste in society, trading is still very foreign to many people so they will look differently at people who make a full time living based on trading

Wind_FURY

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Quote from: Alone055 on April 28, 2024, 06:09:10 PM

It depends from person to person and whether a trader is actually making money consistently or not. A lot of people don't take trading as a full-time gig, they do it part-time and want to earn an extra income with it. It's only some traders who are in it full-time and they don't do it for fun or to earn a few bucks every day or week which isn't enough for them to live their life off of it.

A person who gets into trading with the intent to make an income from it, would need to have a sum that is good enough to generate decent profits for them if they do day trading because the amount of profit depends on the amount of money you are using for the trades. After all, 10% of $100 is $10 but 10% of $1,000 is $100. So the capital makes a difference.

Other than that, one needs to have a general interest in trading to be able to earn money constantly from it because if you are forcing yourself to get into it, you will barely be able to gain enough knowledge and without enough knowledge, you won't reach your target.

Everyone should stop with the bolded quote, AND IGNORE everything else in the topic. Because it's either you're "self-employed" and making money from the other participants of the market, OR you're giving the ability to some individuals by giving your money to those participants in the market who are better in trading/investing than you.

It's either you're the one employed, or giving the employment for them to be employed. ¯\_(ツ)_/¯

_BlackStar

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I don't really care about people's perspective on trader activities - even trading can be considered a job or not. Trading is an activity that is profitable and can also be detrimental - but not everything that is profitable and detrimental is a job. I tend to ignore that perspective and tend to expect traders to continue with their activities - it doesn't make any difference to me.

Trading is an activity that requires two market players, namely buyers and sellers. Both market participants should be thought of as workers who influence the market thereby causing asset prices to fluctuate - so trading might be considered work based on that understanding, while others might also say it is not.

G_Besar

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Quote from: jrrsparkles on April 30, 2024, 10:32:55 AM

I know a lot of full time traders, who only do trades but they belong to the rich family category, even if they are not making money they still can continue their life as used to be. But if someone from salaried class with saved capital for trading deciding to shift from job to full time trading is never recommended.

In fact, I would agree that everyone who likes to trade in any market should not leave their main job or a job that has long provided them with a regular income. Because from this income, each person can separate a little of their capital for trading and the rest for their living, because something like that will also make them more comfortable at work and also in trading part-time without disturbing the main job they have been doing for a long time before. Because trading also does not provide a guarantee of continuous profits in a row in any market.

jrrsparkles

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Quote from: macson on April 29, 2024, 05:16:58 PM

Quote from: jrrsparkles on April 29, 2024, 05:11:43 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.

I know a lot of full time traders, who only do trades but they belong to the rich family category, even if they are not making money they still can continue their life as used to be. But if someone from salaried class with saved capital for trading deciding to shift from job to full time trading is never recommended.

stompix

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Quote from: LogitechMouse on April 28, 2024, 10:12:56 PM

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"?

As much as I don't want to consider trading as a job, there are some traders especially those expert ones that took trading as their full-time job already just because they're earning in it. Some might even earn more than most of the employees who are working 8 hours per day. At the end of the day, it all depends on the situation.

For the last 5 years I've always ended in green in gambling, even for lower timeframes, does this mean we should count gambling as employment also as long as you're making money? I know a few punters who have made hundreds of thousands betting on what they know based on timeforms which are the same as TA, so are they employed also?

There are people who collect soda cans and plastic bottles, they earn constantly, should they call themselves employed also?

After all with soda cans you don't lose money, what kind of job is that in which for three months you have to take money from your savings to be employed and keep working?

KingsDen

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Quote from: retreat on April 30, 2024, 04:34:58 AM

Quote from: Oshosondy on April 28, 2024, 07:31:18 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.

What's the op is saying is about employability, he wasn't talking about profitability. It is true that many traders losses more than the gain. But then anyone who is into cryptocurrency trading for more than one year must have found a way to gain because you cannot be losing and losing and you continue losing. Some people make more money teaching how to trade than trading itself, some people write journals on how to trade and some people provide signals. In whichever way you are able to end in the name of trading, it is fine I should be recorded for you as a genuinely and money. Therefore someone who is a trader could be considered employed by himself if he is doing it professionally. Yet, it is advice that a trader should have another source of income to augment in terms of emergency and uncertainty because trading is a risky business.

retreat

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Quote from: Oshosondy on April 28, 2024, 07:31:18 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.

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Quote from: Apocollapse on April 29, 2024, 04:58:07 AM

Quote from: GreatArkansas on April 28, 2024, 08:15:26 PM

Quote from: mk4 on April 28, 2024, 07:51:30 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, 06:48:36 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, 11:00:25 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.

macson

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Quote from: jrrsparkles on April 29, 2024, 05:11:43 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, 05:52:52 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, 08:10:56 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.

KingsDen

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Quote from: chigo on April 28, 2024, 05:39:57 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.

Topic: TRADERS are not UNEMPLOYED - page 4. (Read 907 times)