Trading is not a lifetime job. - page 17.

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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.

That's why it takes not just knowledge and skill in trading in order to survive on it and in order to fo it for a long time, you need a lot of paatience and deidication in order to earn efficiently and in order to endure the emotional, mental fatigue in trading, but if you are going to accumulate a lot of experience and be more wiser in trading then you know an easy way in order to trade efficiently even not looking at your trade 24/7 or trading every day, many experienced traders are appreciating the concept of long term trade meaning they will open a trade that is based on their analysis and will set the trade in long term in order to maximize the potential profit and the traders doesn't need to keep on checking its trade he can just wait for the desired TP or take profit.

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

Trading is not a lifetime job.

I even thought, what kind of job is an all-life-time job? Because, there will definitely be a certain period when someone stops their job, then just enjoys life in their old age. Or, for example, if you still have to work, then the work will be adjusted to your age, in this case it depends on your ability and your physical condition and mind which are already old, both online and offline, this law applies. So, it's not just about trading.

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

However, I personally agree and think the same way. That trading is complex and full of pressure because the risks are high. Therefore, if you trade alone, as time goes by, the level of effectiveness and continuity in trading will also decrease. Even if you use the help of a premium AI bot, it will definitely continue to decline as you get older. Funds and era where a trader will retire from his own trading (not trading with his own hands). But all he has to do is enjoy the results of his hard work from the trading he has done previously. So one of his hopes is to continue to have a lot of retirement funds so he can enjoy his old age more peacefully without having to think about trading again.

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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.

Some of your reasons are very reasonable, but I would choose to stop trading when I have accumulated enough profits. Trading does take more energy, time and skills, but if I wanted to stop then I would choose the investment route instead of forgetting about it.

Investment will clearly make experienced traders feel comfortable without dealing too much in front of the monitor. They can buy on a bearish cycle and hold for the long term while enjoying the previous profits they made. In essence, investing tends to be better for traders who are bored of carrying out their activities in front of the monitor.

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Quote from: michellee on April 15, 2024, 09:09:06 AM

If old traders can manage their trading time well, they will not experience mental health problems. They can divide their time well between trading and other activities so that everything runs smoothly. Crypto trading can be done anytime because the most important thing is that we analyze it first before starting to trade.

If a person cannot learn more about trading, it will not take long for him to feel discomfort in trading. He will quickly give up on analyzing the market because he doesn't know how to start analyzing the market. Everything will return to each trader on how they can continue improving their trading abilities.

Professional traders really know what they have to do in trading. They will try to avoid fraud that has happened to other traders. That's why we have to keep learning to improve our trading skills.

On the time that you would really be that doing trading for a while and able to survive those ups and downs in the market then it would really be that impossible that you cant really be able to notice out something
on which it would really be just that pertaining about market movements. It might be that stressful at first but on the time that you are getting used to it then you wont really be finding it to be stressful.
It is really just that part of trading on where it would really be able to have that mixed of emotions on which you would really be ending up on having those kind of unnecessary actions or decisions to be made on.
Trading and making it as a lifetime job? You would really be needing up the skills for you to be able to sustain yourself into this unpredictable space.

One of the things that you would really be needing up to consider is that this market is moving on a random way, technical and fundamentals doesnt work anytime or simply 100%.
You would really be that needing to make out adjustments basing up into your own approach and analysis.

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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...

You are right that most oh all trader here will disagree with you on those point you mention here.

Quote

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems

Can you give me an example which work has not any stress ? I think that all work will be stressful for an unskilled person, but it will not be stressful for a skilled person. And after a certain age all people retire from their work.

Quote

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.

I think the enjoyment varies from person to person. And not all people in the world like programming, some like construction work, and some maybe trading, I want to say if you don't like trading then you shouldn't do trading. And I also think that nobody should force you to trade.

Quote

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

This can be a fact for short-term traders, because most people have this fear since the crash of a big exchange like FTX. But I don't think it's a concern for long-term traders who use decentralized wallets.

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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. If you are someone whose really that emotional then not only trading will really be giving out that kind of stress, anything that involves losing money does.

2. Dont do things that it is really that out of your passion or simply you are really just that doing this because you are aiming on making yourself that rich or making it as a last resort for you to
make money. There are things in life on which it would really be needing for you to dedicate sufficient time and effort.

3. Stick with known and reputable exchangers but the one thing golden rule that you should put up into your mind. "Never leave your coins on centralized platforms"
"Not your keys, Not your coins". This is always the main line or rule that you do put up into your memory all the time.

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

Here are the reasons why;
1. It is quite stressful - old traders will soon give up due to mental health problems

Seriously trading is not really a easy activity, it’s kind of stressful, and it requires critical thinking, which is having negative effects on our mental health, some old traders might not give up on trading completely, but they might not be trading often, they won’t really be desperate to make money from trading, most of them will be trading whenever they feel like.

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.

Do you think traders are not earning well? Then maybe the person doesn’t know much about trading yet. I disagree with you that traders are not earning much from trading, I know their is a great risk in trading, and you are definitely going to lose money, but if you really know how to trade, then you will also make profit.

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.

As long as you are not leaving coin on exchange for a long period of time, then you shouldn’t have problem with exchange. Leave any amount you will be trading with their, and whenever you are going on a break, then withdraw all your money from the exchange, if things goes wrong with the exchange, then your money is not 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.

OP, stocks may seem dull in trading, the same can't be said for crypto. When you mention exchange scams, could you provide more details? Lately, I've been sharing tips on identifying reliable CEXs to use and what you check to steer clear of those that are not reliable. It's crucial to check if they consistently update their Proof of Reserves (POR) at least monthly, like how Bitget and Binance does. Additionally, consider factors like the presence of cold wallets and their overall improvement over the years. Staying informed about the CEX you use is essential.

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Quote from: michellee on April 15, 2024, 09:09:06 AM

[...]
Professional traders really know what they have to do in trading. They will try to avoid fraud that has happened to other traders.

Professional traders are characterized by one thing in particular: They are good at entertaining people.

If you follow professional traders like Tone Vays or Brian Beamish, what they have in common is that they pass on their knowledge in the form of courses and thus probably earn x times what they could ever have earned through trading.

One thing must not be forgotten: even professional traders are wrong in around 48-49% of their trades and lose money. The 1-2% difference in successful trades is where they make their money.

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Trading is not a lifelong job, it seems a bit more complicated to answer in one word. Because it is addictive for experienced traders. Those who have been trading day after day and corrected their past mistakes to become more experienced and skilled traders will have a slightly higher success rate at the end of the day And I think for those who are successful traders it becomes like an addiction. But at a certain point most people shift their focus to trading and lean more towards investing. Admittedly, trading is not a lifetime job, it's only when you have the skills, money, and risk-taking ability that you turn to trading. Otherwise as your age increases and you gradually look for a stability and that leads to investment at the end of the day.

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

Trading is not a lifetime job.

That's for sure, crypto trading is enthusiastic when our trading gets good results and big profits, when it's unlucky, that's when boredom, frustration and negative things arise that make our trading hampered and boring.

If you say trade like in the title, I have to admit it, nothing is eternal in this world, do trade while you can, as long as you have a good trading spirit, trade to make a lot of profit, after getting all that you can think about better things to do, I mean other methods in the crypto world.

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Quote from: yudi09 on April 15, 2024, 06:55:21 AM

Because they are in an uncertain position, traders will not unilaterally make trading activities a lifelong job. In this position I will side with your thoughts.
Trading requires a lot of focus in many sectors not only the time spent but also the risk of losing money.
The trader's ability must be above average, at least aware of the types of fraud if he chooses the wrong coin to be traded.

If their situation continues with no success, then trading is not a job that will be done forever, even though some traders only use trading as an attempt to earn additional income outside of their main job.
Instead of trading, buy coins on an exchange and store them in a wallet.

Yes and I think in common sense trading is not an activity or is not recommended to be used as a lifelong job activity which means you depend for all your living needs on the results of trading, one of the reasons is because we cannot ignore the aspect of possible risks that are not can never be tolerated in trading, plus on the other hand in trading there is absolutely no strategy that is 100% accurate to be able to generate profits, maybe the highest is only 85% which means the rest is the possibility of losses, and this is why most people will not make trading a lifelong job because it is too risky.

On the other hand, as you said, as traders we are obliged to learn many things which can take a lot of time which is very draining in the learning stage, not only sacrificing time but we also have the possibility of losing an amount of money which could be quite large, so of course The reason is because trading is too risky to be used as a job that provides main income to meet life's needs, and as you said, this profession can only be used as additional income.

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If old traders can manage their trading time well, they will not experience mental health problems. They can divide their time well between trading and other activities so that everything runs smoothly. Crypto trading can be done anytime because the most important thing is that we analyze it first before starting to trade.

If a person cannot learn more about trading, it will not take long for him to feel discomfort in trading. He will quickly give up on analyzing the market because he doesn't know how to start analyzing the market. Everything will return to each trader on how they can continue improving their trading abilities.

Professional traders really know what they have to do in trading. They will try to avoid fraud that has happened to other traders. That's why we have to keep learning to improve our trading skills.

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Indeed, we all have different insights about trading and of course, different experience. We may find it profitable this time as we are too updated and have enough time to check the market but someday, it can be changed for some reasons that have not yet come. If we stop trading, it is for sure for goodness.

Quote from: crwth on April 14, 2024, 11:08:47 AM

What is your basis for the following statements that you gave? It seems like the people that you have talked about there have problems and I think it's not connected with the situation in which "trading" is the contest.

This is my personal experience and I have also asked several traders in my place and they say they are quitting soon due to the stress and have no time anymore. Honestly, it is exciting when you are just new to trading and very interested in but when the situation went difficult, you may think about quitting.

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It's going to be stressful if you don't control your emotions. Without proper training, it will lead to losses that could cause stress as well.

Well, maybe I am and a lot of people have this kind of condition. Maybe I am wrong about my statement but I am certain that nothing in here is forever.
As we grow old, our priorities change as well especially when it comes to health issues.

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Because they are in an uncertain position, traders will not unilaterally make trading activities a lifelong job. In this position I will side with your thoughts.
Trading requires a lot of focus in many sectors not only the time spent but also the risk of losing money.
The trader's ability must be above average, at least aware of the types of fraud if he chooses the wrong coin to be traded.

If their situation continues with no success, then trading is not a job that will be done forever, even though some traders only use trading as an attempt to earn additional income outside of their main job.
Instead of trading, buy coins on an exchange and store them in a wallet.

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Quote from: Bureau on April 14, 2024, 05:34:40 AM

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.

What do you mean by trust issue? Are you referring to an exchange or a scam crypto project. I agree trading is stressful but there are many applications to help trader reduce that stress. Crypto exchanges work 24/7 unlike stock exchange that is why a crypto trader can make trade for certain duration as it is not possible for anyone to sit infront of the terminal 24 hours.

Similar question puzzle in my heart because this matter if trading is individualistic mostly once it involves the time spend in the trading as everyone has it target in the trade , it's stressful no doubt but a good trader still control the stress Base on what the individual want from the market.

Trust issue due to scam got me confused, reason being that as trader one should have it as back if mind as a primary thing that scammers don't sleep and don't disengage on the defrauding all time by profiling solution to mitigate any sort arising from any source, beside this may not just come so easily unless you give room for such by not keep your credentials appropriately save as it ought to be.

I believe too well that most victim of scam have one it two things they have missed in terms of security for themselves which leads to such , because only the ignorant mostly fall quick prey, a good trader should be able to receive sign of scam through knowledge on how they operate and tackle it before it occurred.

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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.

Maybe for others, but I know some people who are pretty successful in trading and even if they might not do it in full time and part time only, they earn a good profit.
1. Not all old traders are getting stressed, some of them have good experience and get used with the market and how it works.
2. No one is enjoying if they are only losing, correction. There are traders who are still earning during bear season or any kinds of market, they earn even in bearish season.
3. Why would you buy new coins where you can trade big volume coins like Bitcoin, Ethereum or coins in the top 10.

But anyways, different people have different perspective but you are right there are some people that is not really for trading.

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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.

Absolutely, breaking into the industry even with security and good reviews incredibly hard due to the amount of Scams out there. Especially after being burned.

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First off, trading isn't universally stressful; it tends to stress those who trade based on emotions and ignore trading guidelines like disciplined systems, risk management, and thorough analysis.

Expressing agreement or doubt can be tricky when discussing this topic because both mathematics and history can be challenging subjects. However, some people find comfort in tackling tough topics.

As for exchanges, using them as an excuse isn't valid anymore, especially with the changing landscape of the trading world. In the crypto market, for example, DEX trading is an option. Although it may not have been very efficient a few months ago, there are now L2 modular and highly optimized chains for on-chain transactions. These chains enable real-time transaction processing, making trading more efficient at a fraction of the cost compared to traditional blockchains like ETH.

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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 don't know why all your points were sentimentally selected and made. Is there any type of job that isn't stressful? Even as pleasurable as we think having sex is, I bet you that prostitudes don't think it's.

Your second point, is there anyone who stays at a job forever? Nope, none. There's always a time for everyone to call it quits. However, I don't think that happens to profitable traders except there are health challenges. My emphasis there is in bold. Nobody stops making money just like that except something hits their health. Health is wealth.

If you talk about trust issue, it's everywhere. It's not something left to online business alone. I use exchanges, why not? I also use P2P on other platforms that aren't exchanges. You just have to be careful doing it do as not to get scammed by a group masquerading as admins and escrows.

Finally, nothing beats trading. No job gets easier and enjoyable than it. The only difficult part is to get the skill set and that's the part most people don't like. I love trading and can't exchange it for anything.

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