Trading is not a lifetime job. - page 15.

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Quote from: Ricardo11 on April 17, 2024, 05:06:48 AM

Certainly trading can never be a lifetime job, we cannot earn money from trading all time. We must have losses at some point. If we don't have a permanent good job system, then we will not be able to cover these losses in trading, so it will have a lot of impact on our daily life. So we must have a good job system (From which we will get a good salary), So that if we have a loss from trading then we can cover that loss and continue trading again.

As you try becoming an established trader, you have to sustain it through having a stable job. But once you get there, you're starting to have the idea that trading can be an ideal thing for everyone.

It can certainly be a lifetime job.

You can be a digital nomad forever but at the same time, you can do trading as well. It could be your part time job forever but it's a skill that we have to learn in order to survive.

Losses are normal as if you're doing your own business from it.

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Quote from: jrrsparkles on April 17, 2024, 02:26:46 PM

Quote from: Kelvinid on April 14, 2024, 05:28:50 AM

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

I differ completely from your perspective, once we grow older we just want to enjoy and trading can be one of the way to make money for an individual at their comfort. I am not talking about the day trading but longer formats is quite convenient and anyone who has decent capital can do it with less risky plans and make money for their needs.

But for me, I'd rather help myself to relax as for sure, as we grow old we've done enough which is time for us to enjoy, not to make money anymore.
Because I would agree that trading is stressful and I don't think we should stress ourselves if we are old already. If we think for pastime, I don't think this is a good decision. We better just invest and leave peacefully live without thinking about the market situation and do research because we trade. Why not just sit down and relax, and wait for our investment to grow rather than stressing ourselves to check always the market price?

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Quote from: Kelvinid on April 14, 2024, 05:28:50 AM

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

I differ completely from your perspective, once we grow older we just want to enjoy and trading can be one of the way to make money for an individual at their comfort. I am not talking about the day trading but longer formats is quite convenient and anyone who has decent capital can do it with less risky plans and make money for their needs.

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Quote from: QuinielaPosible on April 16, 2024, 01:30:25 PM

Quote from: Dewi Aries on April 16, 2024, 01:11:39 PM

The right approach and the right mindset is to make trading a part-time job that is useful to supplement your income from the main job, and even if for example you manage to become a fairly professional trader by always being able to make a profit or when you are already in a situation where your profits are greater than losses then I think at that time you can think of a new plan, you can quit your main job but on the other hand you also have to build another place that can provide you with income such as maybe a business or other things that can provide a fairly certain profit.

You're absolutely right. Maintaining a main job while trading on the side is a practical approach.

Keeping your main job ensures a steady income, which safeguards your ability to meet basic needs without the pressure of needing constant wins from trading. It's a wise strategy to treat trading as a supplementary income source until, perhaps, your trading profits are consistently outpacing your losses.

Of course because as I said above that trading is a part-time job and not a job that can provide the main income, because the main income is something that can always give you a guarantee in a certain period of time that you will be able to earn money or earn, while trading has a level of risk that sometimes cannot be avoided completely and this is why I think the better decision and approach is to make trading a side profession to supplement your main income.

The downside of making trading a priority to earn or making it your only job is that there may be times when you need money for living expenses that cannot be tolerated while you are losing money in trading. As you said, the purpose of maintaining a main job is to ensure that our needs will still be met without having interruptions when you experience losses in trading, or simply even if you experience losses in trading but you still have a main job that will be able to provide you with income to make ends meet.

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Quote from: Z_MBFM on April 17, 2024, 09:03:20 AM

Trading is very risky because professional traders may make profit from trading with their own strategy but they also cannot always guarantee their profit. because no one can guarantee when the market will move in any direction, trading is very risky for everyone, no matter how professional. so it is better to use trading for part time and should not decide to lead life depending on trading. a separate source of passive income is essential to meet the regular expenses of life. so trading should not be thought of as a profession or a source of lifetime income in any way

Trading is risky but we cannot say it cannot be a lifetime job, there are some traders that have been trading from when they were teenagers and are currently in their old age but still trading and some of them have retired and now teaching others how to become professional traders. Trading can be taken as a career job and if we stay disciplined we can achieve success in trading. Trading can make you money when you learn how to trade very well and not become greedy when trading or addicted to trading that you do not get worried about your losses to learn from them and try to make better trades when next you analyze the market. Both professional traders and beginners can lose when trading but don't you ever think that you cannot make it from trading. Anybody saying that is a lier, you might need an extra income to help you out but you can make it from trading cryptocurrency.

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Many of those who are mainly involved with crypto currency are interested in trading for short term income. Trading is a sector that requires a lot of experience and patience. Since the cryptocurrency market is always up and down, it is really difficult to predict which direction the market will go in the future. I am not stopping you from trading, if you are very good at trading you can earn good profit from it. If you can control your greed then you will get good success in future. While trading can be a lucrative industry for a few, it is good to have diversified sources of income to reduce risk and ensure long-term financial success. But if you consider trade industry as your main source of income then I think it will be a big wrong decision in your life.

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Quote from: Kelvinid on April 14, 2024, 05:28:50 AM

1. It is quite stressful - old traders will soon give up due to mental health problems

I disagree with you here! Trading is not stressful when one is acquainted to it. Most persons take it as a hobby, a full time job where they earn a living. So you cant tell me that what i use to earn a living is stressful and i will quit. Also i have never seen a trader who complains about mental problem. Its kind of a remote job and self employed nature of job so one should be happy about that because i know how many persons who are willing to work at home and not work for someone.

Quote from: Kelvinid on April 14, 2024, 05:28:50 AM

2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.

You dont have to sit all the time at home. You can execute trade by doing some configurations while you go out and do other activities and the trade will exit the market or will execute new trades. There is no way a trader cannot enjoy his job if he/her participate ion other activities outside of trading. After all all work and no play make jack a dull boy.

Quote from: Kelvinid on April 14, 2024, 05:28:50 AM

3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

No exchange is 100% trust guaranteed. This is why traders deposit the amount that are willing to use for trade on a daily basis. So even if there is any scams or cheat then they will lose only the money they have deposited on the exchange.

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Quote from: Kelvinid on April 14, 2024, 05:28:50 AM

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

Your opinion are yours and not everyone would agree with you but your trading orientation is very odd to me, the reasons doesn't makes an iota of any sense.

The first one, you said quite stressful. Like is there literally any job or skills out there that is not stressful? All of em are stressful but if you are used to doing something over and over, it becomes a hobby and something you enjoy doing rather than just a job and because money(profits) is there it will serve as a motivation not to see trading as a stress.

The second illogical reason you said it's not enjoyable. Are you sure you have trade before and make money? Because I don't understand why you will say there is no enjoyment in making money, that's a lie or you just trying to defend your mind because you didn't succeed in trading.

The last lame excuse you said scam, you just verified that you don't understand trading, your reasons are far from what even a newbie trader would compose, I'm sorry to say but you don't know deep understanding of trading.

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Quote from: Kelvinid on April 14, 2024, 05:28:50 AM

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

1. Stressful if you dont know on what you are doing or simply doesnt have the idea but once you do have a good grasps of it then you would really be changing up that perception or idea in mind.
2. Trading isnt something that could make you enjoy, its not an entertainment thing but rather its a business or some sort of investment which means that you would really be needing that serious
approach towards it and not really that someone whose really that doing it for the sake of fun.
3. Its not that bad to make up some searches and sticking out with the best platforms out there. Just dont make yourself that too lazy then you would really be just that fine.

Trading isnt a job but this one could really be the best side income or job that you could have aside from your main. We do know the probabilities that it is
something that could help out financially if its done well but of course success will really be that determine on how good you would be doing trading.

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Quote from: Ricardo11 on April 17, 2024, 05:06:48 AM

Certainly trading can never be a lifetime job, we cannot earn money from trading all time. We must have losses at some point. If we don't have a permanent good job system, then we will not be able to cover these losses in trading, so it will have a lot of impact on our daily life. So we must have a good job system (From which we will get a good salary), So that if we have a loss from trading then we can cover that loss and continue trading again.

Let's just say that trading is a second job after another job as the main one, because when someone already has a main job with a monthly salary that is always stable. Of course, it will be easier for him to make a small allowance to allocate his money to be able to trade which is considered a second job for him. Because in this way it will also be easier for him to adapt when he has to face losses through trading which may be caused by price corrections in the market as is currently happening.

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Quote from: Kelvinid on April 14, 2024, 05:28:50 AM

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

You may not found yourself in trading forever because of some reasons best to you but the important thing for every trader is that they must do the right things always in all their time they find themselves. It is so sad as a trader not following the steps a trader should follow because it will definitely dissapoint you when the outcomes are not right. One of the things that makes people to quit trading is because they end up getting frustrated because they decide not to learn but to earn money from trading without understanding.

To enjoy trading one needs to take time to learn trading better, atleast this will reduce the stress and risk of losing money in trading. Trading is all about learning everyday because their are always changes in strategy and it takes learning for one to be updated with the new strategies that are in trading.

Trading is not a lifetime job but the little time you see yourself trading try and make sure you are doing it right and not with a blank understanding just trying to make money.

Z_MBFM

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Trading is very risky because professional traders may make profit from trading with their own strategy but they also cannot always guarantee their profit. because no one can guarantee when the market will move in any direction, trading is very risky for everyone, no matter how professional. so it is better to use trading for part time and should not decide to lead life depending on trading. a separate source of passive income is essential to meet the regular expenses of life. so trading should not be thought of as a profession or a source of lifetime income in any way

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Quote from: Ricardo11 on April 17, 2024, 05:06:48 AM

Certainly trading can never be a lifetime job, we cannot earn money from trading all time. We must have losses at some point. If we don't have a permanent good job system, then we will not be able to cover these losses in trading, so it will have a lot of impact on our daily life. So we must have a good job system (From which we will get a good salary), So that if we have a loss from trading then we can cover that loss and continue trading again.

Basically, whether trading will be a lifelong job or not, in my opinion, depends on the trader. I can't say that trading is not a lifelong job, but perhaps more accurately I agree to say that trading is not the main job, or what I mean by trading is not can be used as the main job in life, one of the reasons is because yes you have also said above that this idea is not good because trading is a risky activity and the risks can never be completely avoided.

There is the possibility of risk causing a trader to experience unexpected losses, but when we have good planning, management, control and risk management then it is clear that we will be able to slightly minimize the possibility of significant risks occurring, or that means we can avoid excessive losses. great because it has good risk management, but overall there is absolutely no compulsion for anyone to get involved in the world of trading in the long term, simply put, if for example you are still able then do it.

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Quote from: Kelvinid on April 14, 2024, 05:28:50 AM

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems
2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
Most of the time we feel this during bear season.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

Honestly speaking, I have been trading here in the cryptocurrency business for 5 years now, and until now I am still learning from it because I know that trading is not easy to learn.
With every experience, I always learn something from it, especially if I have made the wrong trading strategy, to be honest.

And until now, while I'm still studying it, my trading activity is still giving me so that I can get a profit from it even though I don't get that much from it,
but it's enough help every month of my month.

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Generally, everyone wants to do trading, but in order to trade successfully, we must have enough knowledge about trading. If we want to invest in trading without acquiring enough knowledge about trading, it will not be very useful for us. Investing in trading is risky, we have to invest well keeping that risk in mind, many times we lose patience while trading. We must be patient and invest well in trading so that we can get proper success with this investment. We must have a long-term plan in trading. If we can trade well by keeping a long-term plan and checking the market, surely we can achieve a lot of success through trading.

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Quote from: Captain Corporate on April 16, 2024, 02:02:43 PM

I disagree, in fact its one of the most "lifetime" jobs out there. In most cases lifetime job means that you have a job that you do until you retire and then you retire, there are not that many jobs in the world where you od not retire at all, financially if you can retire then you retire as soon as possible, in my nation retirement is something you get to do with the help of the government as well. So all in all, most jobs are not "life" time jobs, its until you retire. On the other hand if we are talking about trading, that could be lifetime, as long as you have a capital to trade, then that means you could be trading even at 90 years old, look at Warren BUffet, dude is 100 years old and still trading.

I also agree with you. I see trading as a job that can be done for a lifetime depending on the memory and capital you have. For example, if you have both, you can even trade without age restrictions and without retirement. Unlike the jobs out there, your working life becomes more limited as you get older.

If we talk about risk or stress, then all jobs have the same thing, so this should not be an obstacle for you not to make trading a job in your old age other than your current main job. Moreover, bitcoin investment is an investment for the future or an investment for old age.

Ricardo11

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Certainly trading can never be a lifetime job, we cannot earn money from trading all time. We must have losses at some point. If we don't have a permanent good job system, then we will not be able to cover these losses in trading, so it will have a lot of impact on our daily life. So we must have a good job system (From which we will get a good salary), So that if we have a loss from trading then we can cover that loss and continue trading again.

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Yes trading is a field that is full of stress and one can only enjoy the moment when he wins in trading otherwise he cannot forget the loss which he has made during trading. Trader either wants to recover the lost sum or if he becomes successful then he wants to continue his trading because it is human nature that he cannot leave to earn money.

Trading needs time and knowledge and you will lose a large amount of money until you become a successful trader so remember that trading will minimize your energy and capacity to think well as the time goes.

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Quote from: OrangeII on April 16, 2024, 04:05:50 AM

Basically, I agree that trading is not a lifetime job, because trading has a lot of risks. I also suggest for people who want to try to focus on trading to have other income, whether from work or business. However, when you are successful in trading, don't forget to develop the business you have, or build a business to earn other income. I think that trading is not suitable as a job for life, but it can be an income that can encourage us to achieve financial freedom by using profits from trading to support the businesses we have which is suitable as a job for life

The risks that will be faced in trading are indeed very large, so it is important for anyone who wants to start trading to understand these risks well so that they don't experience failure in the trades they make and it would be better if we don't just rely on income from trading alone and must have other sources of income so that When we fail in trading we still have income that we can use for our daily needs.

When we get profits from trading and we use these results to build a business that we control, of course that is very good, but we must have a good understanding of the business we are going to run and don't let the business not run well. If we are not able to carry out continuous trading then it would be better for us not to force ourselves because the risk of losing the assets we have is greater when we cannot trade properly.

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Quote from: el kaka22 on April 15, 2024, 11:45:42 PM

It can be, I know a lot of people who just trades and does nothing else, I think that is quite important. I get that it may feel like it is not a big deal, but that is just the way it is if you ask me.

I believe that most people are looking at trading as something that has ups and downs and think that it can't be a sustained thing, but there are so many professional traders who make a lot of money from just a small amount of trading. I know people who trade just half an hour everyday, make enough money for the day, and stop. They do this everyday, and even not work during weekends as well (even though crypto trading is 7/24) and that is why I think it's quite possible for a lifetime job. Doesn't mean it's doable for everyone, but it's not impossible anyhow.

Well, you have a good point too. Trading, despite how risky and unpredictable it is, there are still the best among the rest who managed to make successful trades consistently. They are those who are professionals and have huge experiences trading in the market, and still continuously trade despite of some losses and mistakes they commit in some of their trades.

So I believe it’s actually possible for trading to become a lifetime job, but it takes a lot of mastery and expertise in the market for one to do that. But for any common man to start trading and expect quick profits, I don’t think that’s a good mindset for a beginner trader.

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