Topic: Trading is not a lifetime job. - page 16. (Read 2978 times)

It is not retirement that I say why this is not a lifetime but traders make the decision to stop trading before that.
We could reach a time when we don't think about earning money anymore but rather make ourselves enjoy the time until the last breath of our life.


Well, he could still be in trading or anyone in old age but I don't think they are very active in trading like usual traders did that only focus on doing this rather than a side hustle. We can feel the stress when all our time is spent trading, so different from those who just spend their time when have free time as for sure they could stay longer but doesn't mean they can be forever doing this.

Trading is not just having capital but also, having good mental health as this will affect the results of trades unless we don't care about losing our money.

This is something a skill that you cant easily get and it would really be taking tons of trial and errors before you could really be able to get a good grasps of it but once you do find yourself that getting such skill
then its true that this could really be considered to be a lifetime job and something a skill that cant really be taken away from you. You would really be having that advantage in compared into those
people who are really just that new into trading field. It would really be just that depending on how you would really be able to learnt up that fast or on how you would really be making yourself
to able to have a good handle of your own into this market on which we know that it wont really be something simple i should say.

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.

Trading is one of the most stressful job but at the same time trading cannot be successful as a part time option unless you do algo trading. I have tried to be a part time trader while having a full time job and have failed miserably as I may not be able to make the trades at the time when it could be profitable we will miss out on opportunities and at the same time trading is really tough to be taken as full time job that's why only limited traders are successful. I think it cannot be a fulltime job forever else we will lose our mental balance.

It would really be the most practical approach rather than on going full time. It would really be just that only viable if  you've seen that you are already a profitable trader on which you would really be making up some decisions on going full time but since this is kind of skill that cant really be easily obtained then it would really be that hard for you to achieve such condition and not all becomes a successful trader
on which it would really be better that you should really know on how to make wise decisions because going directly on going full time trading then you wont really be able to know whether
you would really be sustaining or not. We do know that this isnt something that makes out assurance and not something that could really be easily be obtained.

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.

True, it is always recommended to have a main job when you are involved in trading, which when you have a main job and do not make trading your main income then you will not have problems in terms of making ends meet that cannot be tolerated because you have a definite income from the main job. And as we know that trading has risks where the worst thing and what is feared is that maybe you will experience problems in terms of making ends meet when making trading as the main income, the reason is because as I said above that basic needs can never be tolerated while trading will not always be able to give you profits because of the possible risks that can occur at any time.

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.

The wild west times from the times of the mt. gox collapse are certainly over, yes. But unfortunately the points you mentioned have little to do with whether customers can be cheated out of their deposits ("hacks", ...) or not, as the FTX scandal has shown very clearly. FTX was also very well connected politically, the owner was known and the exchange was regulated in various countries. However, this did not protect customers from a major loss.

I would rather focus on whether an exchange allows itself to be audited regularly. Bitpanda, for example, does this, whereby external companies also guarantee that customers' deposits are actually available and "safe".

After reading this part:


I was wondering: what job is not stressful? the CEO of a company earns a lot of money because he works a lot, the president of big companies earn a lot of money because they work a lot, employees in many companies receive little pay and yet they work a lot, but they don't quit because they know it's very difficult to get another job, bank employees earn fair wages but they work a lot, their job is also very stressful, but they are working until they are old, because they know that although their job is very stressful, it is still very difficult for them to get another job. So trading is not stressful, people shouldn't complain when they have the opportunity to make money, because at least they are making money, there are people who don't have the opportunity to make money and are living on the streets


 

and since when do people get jobs they like? Nowadays, even in first world countries, there is a huge lack of jobs that forces many people to put their interests aside and work wherever they are accepted and stay in jobs they don't like until they get old, because it's not easy to get a job. If a person can make profits from trading, then it doesn't make any sense for that person to give up trading, even if they keep trading until they get old, because at least that person has the opportunity to make money, as I said: there are many people who don't they have something to eat because they don't make money, they don't have a job


Even in real life there are thieves and scammers and in this market, it is evolving, we are not in the 2020s, every year good exchanges are having owners who are not anonymous and are complying with the regulations made by governments, which allows for the security of users. people's funds and shows more seriousness on the part of exchanges. so people just need to choose trustworthy exchanges

First your points is right about most stressful with trading if floating position or must be holder after price dropping, but if get consistency earn much profitable actually trading will be most enjoying and potential become lifetime job. Not get pressure yet we are boss in trading and easily controlling the time when have to trade or get holiday.
Seems your points about trust issues with exchange indirectly you little agree for making much profitable with trading, learned with FTX scam,
I think have many exchange with good trusted issues exactly every local exchange have get government regulation. For global exchange Binance still lead on the top leader have long time operation and no doubt trust more with that exchange.

You caption is very neat but the content is somehow contradicting the topic. For self-employed trading is not even a job but it is a side hustling but whereby you hired by someone to trade for him or her then it becomes a job and even at that it will depend on the time the person needs your services. Is it long term or short term? Yes trading is stressful for newbies who have not really understood the system then the second set are the people with large trading amount because they are always on the system to monitor their trading so that is true. Trading is always enjoyable because if you make profit even small amount it is okay and if you are not losing your capital bthennir is okay.

And for the trust and Scam, that is why when you are trading use legit trading apps to trade and don't keep your funds in your trading wallet and only the amount you are trading with because most of the trading sites are own by scammers. So they can close the app or the site at anytime.

Trading is not a main job that can always provide income, the possibility of risks that cannot be fully tolerated is always a problem that makes people reconsider their intention to make it a main job, and this is why people usually prefer to make trading a side profession to increase their income. And I think this is actually everyone's choice, you have said the right thing that trading is not always easy to do, because it is very draining on our minds and also mentally when we analyze a market.

It is true that when a person has entered old age then it is certain that they will experience a decline in thinking and remembering things so of course it is likely that trading will be increasingly difficult to do because the situation is not possible and most likely we will probably experience more losses than profits regardless of those of you who are experienced in the world of trading when you enter old age.

Points well taken but it possible to shape trading in a way that it stays for the long run.

By keeping yourself limited to bitcoin and only long term holding you are essentially taking it slow and calm but making profits as well. So that negates the first two points. Also an exchange can turn scam but most of the big ones are fine for some time, it would be bad luck if they turn scam or exit.

Most people dont get trading, so I dont expect most of them to run it for long either.

to be trading for entire life, definitely can be done, the question is, are we really have the will to trade until our entire life? considering that trading is exhausting activity where having mental stability is matter a lot.
many people don't like trading as a job for the lifetime because its just not really an activity that they are looking up to.
they just want some good easy to do job when they are already old, with trading, even if we are making money and im talking about good money, there's still a big chance that within few times forward we might lose a money due to volatility, definitely can't do that when we are old enough.

Only around 40% can make a profit from trading and in my opinion this is achieved by professional traders where they can get losses of more than 50% even though they only show the profit side to the public through posts on social media.
From experience, professional traders don't always make a profit, so if we think about it, making trading a lifelong job is not a good decision even though I have mentioned that it takes a lot of time and focus to learn things that can make a profit.

As you get older, your mind also declines. So here we can conclude that trades work which has a big risk rather than the desired profit.
A good decision in the crypto space is simply investing in Bitcoin. Another small part is on coins like Ethereum and other potential coins that follow Bitcoin.

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

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.

No trader can always make a profit. They must have made mistakes, which requires them to keep learning. That difference makes them professional traders that other traders cannot do.

Professional traders do provide courses to people who want to learn. But these people don't need to learn trading from these traders because they can find lessons about trading on the internet. In addition, enrolling in the course requires a lot of money, so they should use the money to practice the skills they have learned.

By learning from other trading sources, they can improve their trading abilities. They also have to practice the lessons they learn because that's where they can improve their trading skills.

That is why if someone wants to make trading their life's work, they must continuously study trading. It's difficult because the market will continue to change, making them never stop learning. But the results will be worth it because they can follow trading movements well.

They can make profits even though the market situation is not good because they can still analyze coins that move up and down. Even though the market moves randomly, they can still follow it because they can analyze it. They can also manage the stress of trading because they have learned stress management well.

It's not easy to become a professional trader, but that doesn't stop them from learning. Especially if they make trading their job, they know the risks, can accept them and divide their time well.

Reality is, if you’re a well experienced trader and gets maximum profits everytime, then I should say you must be destined in trading for long. But let’s admit it, not all traders are good enough, majority are still trying hard in trading and still end up with inevitable losses. With this kind of traders, it’s obvious that they should not treat trading as a lifetime job, otherwise they will only regret why they push to risk their funds in trading when they can buy and hold with less risk and less stress, and they can still be able to get the same amount of profits if they are good hodlers.

While trading can be a great source for huge profits, but we all know that will also require a lot of risks and efforts so that you will come up with successful trades. If you don’t have full focus and attention to your trades, you will end up with undesirable losses, which will eventually make you feel frustrated if it happens consistently. This is the reason why it’s certainly hard and risky to come up with a successful trade, unless if you are not a professional trader, you will never be profitable in this kind of career. And trading as a lifelong job can be very stressful, that’s why only few have managed to be lifelong traders, while others only do it as a side hustle.