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.
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.
Topic: Trading is not a lifetime job. - page 19. (Read 2991 times)
I still don't know why you listed this above but I must call your attention that whatever thing you are doing as a skill, job or work you need a retirement because people do not entirely spend their lives working all the time. There is time a man will retire in their offices and I believe such is trading, there is when a time would reach you need to stop trading or limits trading because of your health and visualization of watching white screen one could decides to stops entirely because at some point in time when you would began to lose interest in most things including what you like doing most because of either age restriction and can't seat for a longer time to trade.
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.
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.
On crypto trading? Absolutely since crypto market is highly volatile due to lack of regulation. It’s very hard to have a consistent profit here especially if you are trading altcoins that has a high risk of turning a scam that will delete all your profit in one wrong trade.
Investing is on Bitcoin is the only thing that can be considered as good for lifetime here in crypto but the rest of the tokens has the tendency to become valueless with one shit move of its creator. The absence of Satoshi on Bitcoin picture is a blessings since it removes the potential failure due to creator which all the dead project now common reason.
1. It is quite stressful - old traders will soon give up due to mental health problems
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.
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.
When the job as a trader is no longer fun, of course this effect is due to the absence of consistent profits, or they always fail or lose when trading. Most of the time we feel this during bear season.
Not about fun, but more about volatile profits and more losses that make one want to quit trading.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.
Nothing is safe as long as you trade on a centralized Exchange, therefore only use money that you can afford to lose, The main asset remains in your main wallet. No one guarantees 100% security because every system will have loopholes.
Trading is not a lifelong job, but it will be suitable as a side job if you still have a main job.
But for those who are already professionals, they have dedicated their lives to trading,
they get consistent profits and make various investments to support the trade.
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.
there are traders who enjoy their trading. and that makes them continue to trade every day even though it is not a job. Day traders also don't spend all day in front of a screen trading. Those who are professionals can definitely divide their time between trading and also their real work.
On the other hand I don't think anyone comes here just for entertainment or fun, if that's the goal then there's nothing wrong with gambling. This is a trade where all traders come with the aim of making a profit regardless of whether they come with the following intentions and goals with the right or wrong understanding, and for me trading is not a job that should be prioritized, because this is nothing more than a profession to supplement income in addition to the main job.
if the traders weren't comfortable with what was being done, they would have stopped. but if they feel comfortable with the trade they are making, whether it is profitable or not, of course they will continue.
there are traders who enjoy their trading. and that makes them continue to trade every day even though it is not a job. Day traders also don't spend all day in front of a screen trading. Those who are professionals can definitely divide their time between trading and also their real work.
there are traders who enjoy their trading. and that makes them continue to trade every day even though it is not a job. Day traders also don't spend all day in front of a screen trading. Those who are professionals can definitely divide their time between trading and also their real work.
Trading not been comfortable is definitely for those traders that have set a larger target to meet by themselves. We have seen traders who trade almost all kind of pairs everyday and treat it as job and with this they are eager to just make it and this drives them to been uncomfortable as they tend to want to win every single trades. Also we have traders who enjoy there crafts they do a set up and allow the trades to run and most of the time they even check the market only in the early morning hours or late nights. Just like the day traders regularly check there are also swing traders who can leave a trade to run for almost a week.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.
Only naive traders leave their large funds on the exchange. Many traders usually use non custodial wallet to store their Funds. They usually do not just withdraw daily but sometimes weekly or monthly to their wallets and leave just an amount enough to trade on the exchange.
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.
there are traders who enjoy their trading. and that makes them continue to trade every day even though it is not a job. Day traders also don't spend all day in front of a screen trading. Those who are professionals can definitely divide their time between trading and also their real work.
speaking the aspect of health aside from mental problem it could pose physical problem as well, the straining stress might affect the way our body works, like exposing us to the risk of any disease caused by overwhelming stress one of them is heart disease, really its great if we can stop trading because we have enough money for retirement, but the process is what gonna be mentally and physically cost us in the long run.
indeed i do agree trading shouldn't be a life time job, tis at best should be enough just for side hustle for anyone that are working full time maybe its fulltime job for someone that just committed in trading but for me i just can't really sacrifice health just for the sake of additional money.
as always the key is just to use the money that we can afford to lose so that whatever scenario gonna play out we are not gonna be in massive stress.
as for the 2nd point it does depend on how much profit someone is generating if they just keep losing eventually they will lose interest.
indeed i do agree trading shouldn't be a life time job, tis at best should be enough just for side hustle for anyone that are working full time maybe its fulltime job for someone that just committed in trading but for me i just can't really sacrifice health just for the sake of additional money.
as always the key is just to use the money that we can afford to lose so that whatever scenario gonna play out we are not gonna be in massive stress.
as for the 2nd point it does depend on how much profit someone is generating if they just keep losing eventually they will lose interest.
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.
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.
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.
Yeah trading is not a lifetime job since everything in there is unstable and we can't be so sure if we can possibly continue each winning trades we make since market volatility is unstable. That's why instead of taking it easy and became careless on each potential trades we make then better to be more careful on each decisions we trying to take so that we will not fall on FOMO's and FUDs that can affect each of good decision that we aiming to proceed.
The 3 reasons you give is good so people should try to digest that so they could able to learn some information that helpful for them to consider. There's a lot more helpful information and people just need to take effort to search or learn to improve more their skills and understand the way how to handle the each market condition.
I agree with you OP, because old age will come that will make the trader not to have the strength and insight to make the trade successful which is a sign that old age has come to perform it duty and it will definitely make you not to be part of cryptocurrency trading just to enjoy the remaining days of your life. Even the young traders that have the strength and insight to make trading in their lifetime Job are already facing the risk involved and it will make them not to fulfill their wish, because strength and insight will fail them and trading will no longer enjoyable to them. I know there are massive income in lifetime trading but is not advisable to those that are doing well in trading , because it can make you to lose all you have gain or achieve in the past, because there will be many scammers that will be after your income which mistake can allow you to fall victim.
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.
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.
This article might inspire you (you can use google translate) that even though trading cannot be used as a long-term job, if you stick to it well, trading can give good results and can be a place to make consistent money.
even though i'm not a trader who really jumps in 100%, doing other activities can really relax my mind while trading, you can also find other activities to do when you're trading, for example planting plants, raising fish or even playing music, the point is don't continuously being in front of the screen for trading, relax your mind on other things.
The arguments mentioned, OP, can be extrapolated to so many professions that the question is relative, I mean, what job is for life, none, except some that require conditions related to human habits or skills.
And, coincidentally, in my opinion, Trading falls into that nature of a situation, the expression "looking at the graph every so often" or stress always makes me laugh, among other things that they want to associate with having a gun to their head.
The point is, trading can be done all your life, even after death, I mean, if you leave any order open you could surely even leave post-mortem profits. : )
The phrase is everyone is invited to trade, but not everyone will be able to enjoy it for a lifetime.
And, coincidentally, in my opinion, Trading falls into that nature of a situation, the expression "looking at the graph every so often" or stress always makes me laugh, among other things that they want to associate with having a gun to their head.
The point is, trading can be done all your life, even after death, I mean, if you leave any order open you could surely even leave post-mortem profits. : )
The phrase is everyone is invited to trade, but not everyone will be able to enjoy it for a lifetime.
I will only agree to the first one.
I know a lot of people will quite trading because of the mental stress that comes with it. Especially when you think too much of a thing, most traders can stay over days thinking of their past mistakes that would have changed their lives forgetting the next day, I find this one more convincing than the rest of them.
For sure, trading can not be a life time job, here in location I see a lot of traders who after making some kind of convincing profit they push it to another investment like buying bitcoin in bulk, or some go into gold market with intention to hold this golds for long term while majority government into real estate with the profits. I think that's the best think to do because at some point one may not be able to continue with the struggle of the market but from the investment in things like real estate they will not have to go into market anymore.
I know a lot of people will quite trading because of the mental stress that comes with it. Especially when you think too much of a thing, most traders can stay over days thinking of their past mistakes that would have changed their lives forgetting the next day, I find this one more convincing than the rest of them.
For sure, trading can not be a life time job, here in location I see a lot of traders who after making some kind of convincing profit they push it to another investment like buying bitcoin in bulk, or some go into gold market with intention to hold this golds for long term while majority government into real estate with the profits. I think that's the best think to do because at some point one may not be able to continue with the struggle of the market but from the investment in things like real estate they will not have to go into market anymore.
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.
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.
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.
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.
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.
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