Topic: Trading is not a lifetime job. (Read 1295 times)

I agree with you that trading is stressful.Cyptro traders time the market price 24/7 in order to make quick profits.The stress of trading affects the mental/physical state of a trader.I must also agree with you that trading isn't a lifetime job, because the old traders can't participate in trading actively because they are aged and weak.The part I'm not cleared on your trend is where you made mentioned of trust issues due to scam,like every crypto trader knows that exchanges are not safe to secure a digital asset rather digital asset are secured in a non-custodial wallet.

It is one of the hardest job but when you get to master it, you'll have your free time to anything that you wanna do.
Time freedom is one of the best things that a trader can do and you're paying for your own time at that time when you trade.
The risk is high, the capital is yours but it's true that it's very rewarding.

Anything can be stressful if you don't know how to do it properly. I know that trading involves risks in general because you are trading in a volatile and unpredictable market, but risks can be reduced if you trade assets that are trusted and are used by most traders in the market so that you don't have the fear of getting scammed or losing your money in an asset that might be a pump-and-dump asset where you buy and then it dumps with no chances of going up again.

If a trader trades only assets that they know are trusted by doing enough research before getting into it then they will have a very low risk of losing their money and the process won't be stressful anymore. So it depends on how a person carries out their activities whether they will make it stressful or not.

Right, it means that we have to realize that we still don't have extensive experience and knowledge about trading which as you said that don't really make profit as the main priority (although that's our goal) and it's better to focus on learning anything related to trading that can give you a lesson and knowledge about how to properly seek profit in the market, and also learn various things that are useful to be used as risk management as a preventive measure so that we avoid the possibility of significant losses.

However, focusing on building a foundation from the beginning is always recommended because as you said when one already has the right and qualified foundation then the profit will also surely come by itself based on the knowledge and understanding you gained during the learning process. In the end as I said earlier above that all this does depend on each person's choice but certainly try to choose a truly wise decision, basically no one prohibits trading but try to address and treat trading from the right perspective.

In the beginning or early days and months of your career, you really shouldn't be expecting to make money or for consistent income in trading. Because you will be learning and consistently wrong, so your only goal is to develop a system and get in sync with the market as much as possible. But later on, trading will be easy because you already made a foundation.

As long as there is a marketplace where people are buying and selling, there will always be trading. So contrary with Op's opinion, I would say trading may be one of the hardest job but it is the most rewarding one.

If you can manage to make something decent from your side hustle, you can add those earnings for your future business ventures it can help to finance yourself while still in the first stage of your business, though sometimes there are also people who can manage to make this venue as an actual place for their money making business, those who are good in dealing with possible market movements, they are capable of having that good visions and making those good calls to make it profitable and sustain their needs.

For me trading is indeed not the main job or job that should not be made as the main income to make ends meet, but that does not mean you should not be involved in the world of trading for life, because after all it is your own choice where if for example you feel fine and have the ability in terms of managing and controlling your trading well then there is no problem if for example you want to stay involved in the world of trading until you are old.

Another thing as I said above that in my opinion what is not allowed is to make trading the only job to make ends meet because obviously one of the reasons however trading will always be a risky activity regardless of the chances of getting profit, which is what is worried about is when you are in dire need of money to make ends meet while on the other hand you even experience losses in trading for some reason, and obviously this creates problems that have an impact on the family.

Op I get your points, but to me no job on earth is a life time job, be it in the civil service or even your personal businesses and investments, for civil jobs you will retire from the job and be a pensioner after serving the government for a specified number of years , or maybe you have reached retirement age.

If you own a personal business or investment someday you won't be able to take care of the day to day administration of that business and it will require you handing it over to a more capable hands in most cases your children,

Same thing applies to Trading, someday you not be able to stay on your computer all day monitoring trade,
So I will prefer you say a career job not lifetime, trading can serve as a career job, yes, just like civil service jobs and company jobs , you have to save money for the future and invest in other areas so has to have numerous sources of income.

My experience told the opposite stories:
1. It is the most relaxing one. Much relaxing then doing my routine as a Youtuber. My trading strategy focus on footprint chart and the use of Point of control and Price imbalance.
2. I spend less than an hour day (around 7am-8am) to update my chart and adjust my position.
3. About scam, I worry less right now after FTX collapsed.

If we consider trading as a long term job then during harsh conditions when we lose money then we will have no other source of money to utilise for regular duties of life. It is not necessary that you must benefit from trading therefore when you lose money then it will become hard for you to continue that work which is only possible with the amount of money that you are earning from trading.

I think if we get older then our decision will be more accurate in trading because our experience will be enhanced and we will make good decisions by utilising our expertise and knowledge. But the market never guarantees our success due to the unstable nature therefore don't trust trading but choose another opportunity to make money.

You are wrong with your assumptions. I don't know for crypto traders but I know for sure that we have forex who took their time and trade from morning to evening and they do this everyday to make money from trading, now why do you think so or because of your questions? Alright, I will answer to best of my knowledge.

1. You are into signature campaign in this forum and you voluntarily do it so you get paid, it's stressful and yet you do it every week so you can get paid but you are here saying trading stressful. There is nothing in this life that isn't stressful, even stealing something that is not yours is stressful isn't.

2. I will still use your signature to answer this as well. Doing mandatory posts might look enjoyable but you do it any ways so you get paid, I hope I have answered this one too.

3. Your last question tells you don't understand trading. Trading is different from buying coins, what you just described is buying of coins and not trading.

Those who are whales will not agree with you because it's a lifetime job for them, they rule the market, and they move the market. If someone else doesn't agree with you, they are hugely mistaken.

I have tried trading as a full-time job and I failed. It stressed me so much that I swear it's better to do manual labour than to watch the price of the coin going up and down 24/7 and then be stressed out about catching good moments to profit. It made me anxious and nervous, I completely changed my sleeping routine because I was always trying to keep awake until I could to control my long and short positions. Maybe bots will make trading more comfortable but I can't depend on them with my capital, I prefer to control everything myself.
You also mentioned it correctly. So many exchanges go scam, get hacked and have financial problems that it's not safe to keep your coins on exchange. It's always a wise decision to deposit on exchange, trade and then withdraw immediately.

I also do not support the idea of turning trading into a full-time job and main source of income because of the fluctuations and instability it brings. But I have also seen some people succeed with that choice and I really admire when they can do such extraordinary things.

Sometimes there are things we can't do and it's really difficult for many people but that doesn't mean everyone can't do it. Personally, I used to be distrustful and suspicious of anyone who said they did nothing but trade, but sometimes we need to believe that there are people who can do it.

But I wouldn't imitate them or advise anyone to make trading their main source of income, because it's too risky and not worth the trade-off. Trading is better when we consider it a side job.

While trading cannot be sustainable as a lifetime job, however it’s a wise decision to see it as a side hustle. Since we cannot assure that all our trades will turn into profits, then most probably we can make it only as a side hustle that can still earn massive profits especially if you have high experiences trading in the market.

There’s no need actually to see trading as a lifetime job since you can have a real stable job that will pay you fixed amount of compensation no matter what. So don’t complicate yourself, you can stay in your own day job, and you can always continue to trade as well during your free time as long as you only decide to trade when the market is suitable to trade.

  It depends on individual perspective, something that mister A will see as 6, mister B might be seeing it as 9 depending on each side and understanding. So one can sai that trading is not a life time job and if he or she comes up with geniun reason it might be well understood also, when they claim that it's a lifetime job, and the reasons were presented based on your understanding, it might also be taken.
   This is a case that need to be attended to with an intelligent eye.  for instance, if you say it's a lifetime job, to you, I can be able to understand you as yes, you are expressing your points base on what you feel you can do. In that case, I see no problem.


  Generally, it is not supposed to be seen as a lifetime job due to the following, lack of certainty and limited ability of the trader.
  Trading has not specific guarantee. a situation whereby a trader is just operating but not sure of what will happen in the nearest future, you see, that is seen as something related to gambling even if not gambling, they are a little bit related to some extent. Secondly, you are not even sure what time specifically the profits will be ready.
  And the trader's ability to be operating on it, is also limited.  Has he or she gets older, the strength of the body parts especially vision gets weaker. so, in general term, is not a life time job.

Yeah I think crypto should not be a full time job rather it should be a side hustle always until and unless you are financially independent enough that you can live a luxury life till death.

Actually due to uncertainty in crypto it shouldn't be your choice of a full time job neither you should be dependent on it for your daily household activities. The extra income can be a positive thing but if you'll depende on it completely then you can face repercussions.

it is always comes down to that, the uncertainty that causes mental strain, it will eventually become too exhausting for old people that has aged and just can't deal this though.
though I don't really agree with the opinion that the older we get the lacking our analysis become, but I think that could happen due to old age not wanting to get holed up seeing the market trend every day.

definitely establishing a more stable source of income is what worked for the long term, trading works only to boost our income as a side hustle and could help us build our dream business at least thats my opinion on this.
but people that are just talented in trading might consider to just reach financial independence in their young age and then invest whatever profit they've gotten which usually not some small amount since they won't reach financial independence otherwise then live with whatever there's left that they have gotten.

i actually think that trading cannot be used as a long-term job because it is full of uncertainty. because market conditions can change and as we get older our analysis of the market may get worse and that can have an impact on the money we trade. especially as we get older, we need a stable income that can support our lives in the future. and because of this trading may not be a wise choice as a job to earn money for older people, because they need a stable income and do not require special attention like trading.

Your friend must be a professional trader. Your friend must have good finances to meet his and his family's needs. but relying on it from trading alone, probably won't be very good. Maybe at least for now, your friend is still making a good income from his trading.
but the market will not always give traders a profit. I'm sure your friend is not only a daily trader. there are other things he does even though they are still related to crypto.

There are many such traders who have taken up trading as a hobby and career. Most of the day they sit in front of the monitor and watch the market candles. I have a friend who has created a separate room for trading where he conducts his trading activities with only a single door. Basically there he has three big monitors mounted on the wall and one monitor he has on the table and all the monitors have charts of the coins he will be trading and he is always waiting for an opportunity. Right now he is not doing any alternative work only depending on trading he is managing his family. If he succeeds in this way, he will not think of working and if ever he works, he will not be able to manage his activities in the same way as he is now trading while working because then there will be pressure of work. If full focus can be given to any one job then that job can be taken as a life time career.