Topic: Trading is not a lifetime job. - page 11. (Read 2979 times)

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.

Definitely, you can't do your trading activity as a lifetime activity. But the profits that you will get from it, you can extend it to your lifetime by investing it in business or assets that will give you source of income later on. As the actual activity is a very tedious one, no one can do it for long time.

Also in trading, if you focus on making money on a daily basis. You are basically putting in unnecessary stress to think of. Because trading should be calm and detach from money. Once you put making money in the situation, psychology feds up and suck. So just make sure to ensure profitability, always focus on the process as oppose to be focusing on the outcome.

Currently, I also see someone who meets all of life's needs just from trading income.
If we look at the uncertainty of the profits we get in trading, it is true that this cannot be our main job, but we also have to look at the overall income or profits we get and I think it can meet our needs in the long term so that in the process trading without pressure to gain fatal profits.

For a lifetime it is not possible, there are many factors that do not allow it, especially health and also changes that occur in trade that make it possible for us not to be able to follow.
Personally, I think the profits in trading are quite large and if someone can manage money well, there are quite a lot of other things or businesses that can be run from the profits from trading or run simultaneously with real life business and trading.

Yeah not all traders will agreed with you but while there's possibility that majority of them will agree with you with what you say, not all traders will find it easy this days. trading now is very stressful to alot of traders out there,I honestly agree with some of the points you pointed out that  TRUST ISSUES DUE TO SCAM GROWTH with this point you can have an miss understanding with your fellow business partner due to LOW growth and hard economic like this.

Trading has become very popular now and all youth and generation people are easily choosing trading as their part time income source and many are becoming successful.  But trading cannot be considered as the only source of income because there are losses as well as profits. so it cannot provide a passive income. This income will never be stable.  So it cannot be considered as a source of lifetime or full time income.

Never ending enhancement of your knowledge as from time to time another trader will catch up and will create his own pattern to have more winning trades, I like to follow the logic where if you are keen in keep learning the process this venue can be use as your source of income as long as you are doing your best creating your own strategy and not just rely with only one pattern but more on keep improving and keep doing your best to make sure that you are also catching up.

Whatever the improvements that's needed to cope with how the market is developing or where the market is heading you should have that adjustments and good adoptions to make it working still to earn decently.

Even though trading on the internet and trading in the real world have the same goal, namely to make a profit, I think there are quite significant differences in terms of running it, trading in the real world you only need buyers to spend your merchandise and if no one buys then that means Your goods are durable and can still be sold the next day before they expire, but when you trade on the internet, whether it's trading or investing, it's clear that if you don't succeed in making a profit, your open position misses and leads you to a loss, then in some cases This is where most people experience problems where they find it difficult to control their emotions and find it difficult to truly be in a balanced mental and psychological state.

I understand that if we can focus on doing it then maybe we can minimize the possibility of significant losses a little, but sometimes humans often have difficulty holding back their emotions when they are mentally and psychologically disturbed due to experiencing losses, which means that in my opinion trading in the crypto world is far away. more difficult than regular trading in the real world, the difference is that it involves mental and psychological as well as emotions and this is why many people fail and end up experiencing MC, so trading in the real world can perhaps be used as the main income to meet your needs. life but if we talk about crypto then I think this is too risky, therefore we are always advised to have a main income in the real world if we want to get involved in the world of trading.

It's true but the logic of trading is there and we carry that for the rest of our lives. So, if it's possible to do it in real world and we do trades for our living.

This is also possible to do in online trading if you're in the crypto market. Whatever the fate is giving you with these opportunities, all you have to do is focus on it and be better because if you're not doing good on it, then someone out there practicing trying to be the best.

But we know that there would really be those people who would really be tending to take up the risks and this is why they would really be loving on taking up such step because they do know
that there are really some chances that once they do able to get it well then it would really be something that would really be rewarding but of course its something that not giving that positive results all the time.
No one would be on their right minds on quitting or resigning their job directly without assuring that they could sustain themselves on doing trading. Just like on what said that it is really just that for side income
and if it turns out that it would really be giving out something more bigger then its good but not all the time that certain persons would be able to experience such condition.

Its not a lifetime job but its something a skill that you could be able to use it forever and if it turns out that you are really that better into this one then it would really be
an advantage and something that could benefit you out.

If a person wants to lead his life depending on trading then he will do great stupidity. I think people who are smart always do trading along with working. Because working will get a certain amount of salary every month with that money to meet the needs of all the family members.  It can be done. And if I wait to run the family with the money from trading profit, it would be a big mistake for us.

Yeah, I couldn't imagine myself being a trader for 20 years, I'm sure there is a time when we feel bored and tired of doing this every day.
It will say something that even even we are successful in this field, it will be going to happen that we look for something new. Another earning opportunity that will excite us like we felt during our early days in trading. I don't think I am just the one who feels this but I believe that the majority felt the same.
In fact, some people resign from their stable jobs even though they already have higher positions and a huge salary because they are not happy anymore. Because life is not all about money but also, about finding happiness and life fulfillment.