Trading is not a lifetime job. - page 18.

livingfree

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If you are for trading, you definitely are for trading and there are no complaints at all. Yes, the hardship is there but that's part of the how fun trading and making money is.

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

Most of the time we feel this during bear season.

Why is it that people keep on talking about bear season where in fact, we're in the bull run? I know that I've got the context about it that it gets boring during that season.

But as you trade, you don't choose any season and if you're certified trader and you're full time on it. You can justify the profession that you've chosen.

Anyway, as a free person. You can enter and get out of trading anytime you want.

justdimin

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

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.

Trust issues comes from within. They are a product of what we see around us. It's true that there are lots of scam schemes in crypto and as a trader, the one that we are prone of is the exchanges because we are using them at all times. It is only easy to pick up a trusted crypto. Even exchanges, we will also pick the trusted one but we don't know their true motive if ever they have. Anytime, there is a possibility that they can end up like other scam exchanges or those who collapse due to misuse of company's funds. Some can also have legal issues with the regulators.

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

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.

That's an interesting info but if so, then why a crypto trader can only spend less or certain duration? I still believe that many traders are trading longer because for them this is like a full-time job already. Humans can survive 24 hours without sleep or even longer than that. They can too without food or anything but that is already a different case. In trading, there are bots which they can use to still have a life outside.

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Quote from: GreatArkansas on April 14, 2024, 07:26:35 PM

There will be always a risk. We still can't say it is official that we can do it for a living. Because not all trading for a living is not profitable some lead to bankruptcy.

Since I know someone personally who really does trading for a living, I can say that it is possible to do it as a lifetime job especially if you are really careful handling your profits or losses.

Trading is risky and earning, profit from trading is very unsustainable. It is very volatile and unpredictable for traders with bad finance management and in particular bad trading capital management.

If a trader has wrong thinking that he can earn main income from trading, rely on it as main income source, and use all capital for trading, he will face with hardest time of market with pressure of avoiding loss, stay outside the market and will chase for chances to get profit, income in dangerous time of market.

This bad capital and trading management will easily to cause to bad trading decisions and lead to losses.

GreatArkansas

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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.

There will be always a risk. We still can't say it is official that we can do it for a living. Because not all trading for a living is not profitable some lead to bankruptcy.

Since I know someone personally who really does trading for a living, I can say that it is possible to do it as a lifetime job especially if you are really careful handling your profits or losses.

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Quote from: Ndabagi01 on April 14, 2024, 01:16:58 PM

I am not a big time trader but I don’t believe in the title of your post and the facts you have to back up your claims about trading. You can view trading as a lifetime job but that depends on how serious you are at it and how you want it to play an important role in shaping your life. Trading can be taken at anytime, whether bullish or bearish days depending on what you’ve analyzed on the market and the direction you’ve predicted to be on in order to get your profit from it. I have seen a lot of successful traders that live their life or trading and it’s paying them despite the risks involved in it. If you find a pathway to success through something, you should ride on that path as your conviction is on it already to make you feel and live a better life.

I don’t have hesitations that trading can actually make a great living. If you are a professional trader, you can always navigate your trades outcome and as much as possible, turn them all into profits. However, there are still high risks in trading that are sometimes unmanageable for us. This is why I don’t only focus on trading alone but I really need to get a real job that will sustain my family’s needs as it certainly give us a fixed income regardless of the market situation. Now, having them both have definitely made my source of income better and more consistent and reliable.

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Could you please tell us which job is a lifetime job? Military? Accountant? Doctor? Roll Eyes

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

Is there anything that is not stressful in life?

What would you tell those chaps who drain sewage for a living?

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.

It's simply because you are doing something you don't love. That's why it seems boring. Not so many jobs are interesting anyway.

Quote

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

Trust issues are everywhere. If you don't want to be scammed. Then be cautious.

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Quote from: vs2014 on April 14, 2024, 02:42:34 PM

It's a risky job so you can't manage it for the rest of your life even if you want to and you have to bear such huge losses. I want to trade in crypto until i have accumulated enough money to support my life. But there are many people who prefer to be in crypto market than real life profession. This world is changing very fast and now a person does not attach himself to a profession because one has to save energy in real life profession. But people trade according to the demand of chad so it can be crypto or real based thought.

Based on the instant viewing of the 21st century, not everyone prefers working in a physical occupation. That is why many will jump into trading, and knowing the risk in trading and the load of stress in it is what will make us believe that trading cannot be a life-time job because it deals with very high risks. You need to go through adequate research, which, if not the quantity of time and loss that you will do, will be very painful, but you can still make it at once, which simply means you get a huge profit that will sustain you for a long time. So even without attaching trading to another profession or job, you will still get rich because, after you have gotten a huge profit, you can stop trading in order to join other businesses because I don't think trading is meant for a long time.

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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. No doubt that trading is stressful, if you happen to be a daytrader then for sure you're going to absorb all the toxicity in the market and you have the choice of whether you should absorb it wholly or just let it pass.
2. I disagree, it might be you but I've known traders for more than 5 years and that's their full time job and as long as you're doing good and you are making money, it's the best way to enjoy an activity and at the same time a very rewarding thing to do.
3. I doubt it that if you've been doing this for long you'd stick to a scam exchange or even projects.

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Quote from: Kelward on April 14, 2024, 07:39:08 AM

Everybody I become more convinced that crypto trading should not be fully relied on as a sole source of income, because of the elements of gambling in it, because despite all your experience, loses are inevitable. I always tell young people who are jobless that hears hypes about how crypto trading can make you very rich, I tell them that it's true, but that it's hard and risky, also not a job for jobless people. I agree that trading shouldn't be a lifetime job, because there are chances that you can end up with nothing after all the years of money and brain drain, it's better to be a trader with other sources of income and let it be an alternative source.

Trading may only be good as a side hustle but it will never be reliable enough as a main source of income. Simply because despite of your trading expertise because of your huge experience in trading, the market remains unpredictable in the end which means you still have no full control of your trading outcome. Although well experienced traders can maximize their profits in trading, but the fact that the market is still unpredictable and uncertain in the end, then these traders will still be prone to losses. That only proves that no matter how good and professional we are in trading, still the market can’t be beaten.

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Quote from: The Hidebehinder on April 14, 2024, 01:04:01 PM

Older traders make it to an old age on the job because they have a higher level of tolerance for stress, but it's not unlimited, and the worse it gets the worse the breakdown.
I for example after managing to cling for years, I just woke up, opened the laptop and I said to myself I can't do it anymore, I simply can't, my brain would not allow me to even dare on thinking on let alone concentrate on what's happening!

I also don't worry about some of the bad things that will happen to old traders,
because they are also human beings who have emotional instability.

But they are more aware of the level of risk that will occur, and of course they will get used to it.
Unless the market really cannot be predicted at all and false trends change.

If you can't hold on any longer, of course, you have to put a limit on where you have to sell.
You don't have to hold for a long period of time or your whole life, it's about profits and if you've already achieved those profits then sell and take those profits.

vs2014

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It's a risky job so you can't manage it for the rest of your life even if you want to and you have to bear such huge losses. I want to trade in crypto until i have accumulated enough money to support my life. But there are many people who prefer to be in crypto market than real life profession. This world is changing very fast and now a person does not attach himself to a profession because one has to save energy in real life profession. But people trade according to the demand of chad so it can be crypto or real based thought.

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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. It is stressful only to those who are not putting in the work. That is why only successful traders will last because they adapt to the changes in the market. They study markets and master themselves to hone the discipline how to properly approach the market. They didn't see the market as stress but a gold mine of opportunities.
2. It is definitely boring. It should be. But who cares how boring it is if you can make $1000 a week. If you want to earn during bear season, just learn and study how to short positions. You are just limiting yourself OP.
3. That's is why it is advisable not to put all your money but only your active tradeable asset on exchange and accept the risk.

There's is so much uncertainty in market, that is why it is most rewarding when you are doing the right thing.

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These days it is difficult to talk about any kind of lifelong job. The world is changing very quickly, and now a person does not associate himself with a profession. He understands that his personality goes beyond mere function. This is why people change jobs, because at different times in their lives they feel different needs and manifestations of themselves. It's the same with trading. This job is not forever, because over time your priorities may simply change.

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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.

The points you have mentioned only apply to forced traders which means people who are trading when they don't have an interest in it but are doing it because they have seen others getting profit from it. You can't keep doing something that you don't like doing even if you are earning money from it, so trading can't be a full-time job or a life-time job for someone who is forcing themselves to do it.

If a person likes trading in general and they have always had an interest about financial markets be it stocks, cryptocurrency, or any other market, they wouldn't feel these things and they can continue doing it for as long as they want. You don't find it stressful if you enjoy doing it and have enough understanding about how you should do it.

ajiz138

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Many traders suffer from mental health problems due to the volatile market and some even give up because they have lost a lot of money, especially in futures trading, many people experience depression due to their failures in trading.

Earnings are not good then obviously they will not be comfortable and even abandon their trading activities because they lose a lot, a bear market where many people fail including those who are professionals, but there are also traders who are able to survive for a long time.

The exchange is enough only to carry out trading activities, if you have traded and kept profits on the exchange then it is the same as keeping the risk in it, it is too naive to believe in a large exchange even though it thinks it will never scam.

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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.

Those who think that trading is an easy task this is completely mistaken. Because trading is never an easy way to earn money. A trader needs to acquire sufficient knowledge for trading. Every trade is risky and there is a possibility of losing big money. So a trader is always under human pressure but it does not mean that he cannot trade. Trading is difficult for those who can't take risks. If one does trading along with another job then he can be relatively at ease. When a successful trader learns about trading, he will discuss various positive aspects of trading, but if a trader is not successful in trading, then he will get an idea about the negative aspects.

Ndabagi01

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I am not a big time trader but I don’t believe in the title of your post and the facts you have to back up your claims about trading. You can view trading as a lifetime job but that depends on how serious you are at it and how you want it to play an important role in shaping your life. Trading can be taken at anytime, whether bullish or bearish days depending on what you’ve analyzed on the market and the direction you’ve predicted to be on in order to get your profit from it. I have seen a lot of successful traders that live their life or trading and it’s paying them despite the risks involved in it. If you find a pathway to success through something, you should ride on that path as your conviction is on it already to make you feel and live a better life.

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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
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.

If it comes to crpto daily traders you might be right about the first, the stress is the reason I gave up trading, for the second it's a it wrong to put everyone in one bowl, there are people who enjoy the adrenaline there are some which are scared , there are some that like to work only with manual things, there are some that only like virtual,as for the 3rd , easy fixable, there are still exchanges that have been around for years and not scammed their users. But if we cut the crypto part from it, I won't agree with, trading is a job, fully recognized, fully regulated job.

Quote from: taufik123 on April 14, 2024, 10:07:07 AM

Aren't mental problems more vulnerable to new traders?
Since even moderately professional old traders will master their mental health even if there are some losses resulting from misanalysis or sudden changes in trends,
they even always have other options to overcome such unfavorable circumstances.

Older traders make it to an old age on the job because they have a higher level of tolerance for stress, but it's not unlimited, and the worse it gets the worse the breakdown.
I for example after managing to cling for years, I just woke up, opened the laptop and I said to myself I can't do it anymore, I simply can't, my brain would not allow me to even dare on thinking on let alone concentrate on what's 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 are actually right about number 1 and 2 above. Trading is not as easy as non-traders see it. Traders invest their time, money and even their whole being in their job to make it a success. This can be draining and it is very normal for many traders to lose interest in trading but only keep up for the sake of the money they earn from it. I know a few older traders who are no longer into full time trading but still earn from trading by teaching others who wish to be traders the skills and I believe a lot of factors must have triggered their decision to quit full time trading. Successful traders deserve all the flowers because they have put in lots of energy to get to that level.

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Quote from: Oshosondy on April 14, 2024, 05:35:42 AM

Trading is very risky and to make money from it will be very hard. It is true that it will take much energy from someone and looking at the market and losing has been linked to health issues. Not only that. Also staying watching the market every time has been linked to trading and which can cause health issue also.

You do not need to leave your coins on the exchanges each day after you finish trading. You can move the coins to a noncustodial wallet. If you are good in future trading and that means you do not use leverage, you can use leverage to protect some of your coins on noncustodial wallet.

Even seasoned traders may find trading difficult at times, and the temptation to lose money is strong. If you don't know how to control your greed, you could lose all of your money. If you visit Twitter, you'll notice many comments from users who have lost money in trading and advice on how to avoid it. The majority of them merely take a chance on everything after consulting, not even using stop loss. Trading is risky, and you may see why if you don't follow the right recommendations.

Checking the market always is stressful but if you getting money from it you won't have a choice than to always check the market to keep track of what is happening. That is how serious people behave. Times without number they have warned that you should not leave you coin in an exchange. Qnd sometimes I don't pity people because they always warn them against keeping money in an exchange.

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