Topic: Trading is not a lifetime job. - page 2. (Read 2991 times)

It is imperative to conduct comprehensive research and comprehend the associated risks prior to making any investments like trading . In addition, it can evoke feelings of exhilaration and the possibility of a large win. You need gain experience and skills be successful as a trader, i used to trade but could make much of a profit but i just don't like the stress.

While it’s risky and not something most people should rely on to make a living, whether or not trading can be a lifelong activity depends on the person. Trading doesn’t guarantee a profit every time, so it’s hard to see it as a stable job. However, if you enjoy trading and it brings in extra money without causing financial problems, there’s no issues with continuing. In the end, it’s about knowing what works for you and when to move on.

Yes and also actually it is okay to dedicate yourself to trading if you want but on condition that you must be able to manage everything well and in balance, in the sense that you must be able to manage your physical activities such as work and also must be able to manage your trading activities well, make sure that everything does not clash, you need to build a good plan, in the sense of doing research first regarding the time you have, for example if you work in the morning until the afternoon then you can enter the market at night for 1-2 hours.

In the end I think everything will remain balanced if you have good time management, because that way you will be able to manage your time according to the portion you have planned. The point is to make sure all your decisions are based on rational thinking especially in dividing your time, because after all when you enter the market at the wrong time then the risk can be quite significant.

Trading may not be a lifetime job but it may be a way for you to earn a good amount of money to start your own dream business or put the money into something that will be profitable for you. Not all people will see it as an alternative source of income. For those that earn big from it, will not even think twice or view it as an alternative source, they’ll definitely see it as a full time job and a way of making passive income. Many old traders I know are still trading expect for few that have established other things for themselves and don’t find time to trade again. People view it differently based on how it works for them and not on how people have a general overview of it.

I believe that some people might not be able make trading their lifetime occupation. It is paramount to highlight that investing in cryptocurrencies involves stress, and other mental health issues, the ability to derive no enjoyment, and the worst part, during bear markets, and the issue of having to trust, which is a problem when scammers are involved. Special emphasis should be made to the state of one’s health and the state of finances in the context of long-term trading.

You are correct. Trading is an alternative income stream that most investors do not consider as their main source of income. If you have a large holding, you can take trading as a major source of income. I think trading should be considered as an alternative source of income as it is a risky and uncertain form of investment.

There's possibilities as we know it though there's always a risk as well, we might need to have more clearer understanding about this venue of business or investment that we are taking, the more you engage the better knowledge to acquires, there are traders who treats it as a retirement plan, taking it as savings and believing that in due time they'll be able to make decent while holding their assets.

Though we can't really control the situation as there's always factors that affects people's emotions and might lead them to decide differently in accordance to their perspectives.

And this is something that should really be put up in mind or something that you should really be realizing on, on which you would really be needing up to consider about this reality that trading cant be able to provide out that fixed income on daily on which this isnt something that could guarantee out that you would succeed or able to survive since everything will really be depending on how well you are really be able to make
profits on the moment or time that you would really be making up trades. Somehow on the moment that you will be able to have a good grasps when it comes to trading then this is something that could generate
out some profits on which it is really that more than on what you can earn from your day job, this is why people will really be that too eager on trying out to learning up this thing.

When you are really that still starting then it would be just that right that you should make trading as your side income as much as possible. Dont make yourself that being delusional on which you are really that
trying out to force yourself on making it as a permanent kind of engagement or job on which you would really be leaving your main job because of it. It will really be always be best that you should really
be atl east making it as a side inceom as much as possible on which on the moment that you are already profitable then this will really be a huge advantage for you.

There are some people who are dedicated to trading meaning they abandoned any other thing to focused on trading just to make sure they have got some good position to trade. People do analyzed the market to get a good entry point which can likely yield profits for them, even though they have something doing but there must be a priority to what matters to them.

Let say for instance, since you said you were mostly occupied and doesn't have that time to focused on market to do your analysis it shows that you gave those things much priorities than just studying the market for your analysis and there could be some people who have that chance and give much more priority to the market than you do.

Trading can never provide a fixed amount of income like a job. There is some time to lose and some time to gain. So it cannot be used as a source of lifetime income or a passive income. And if you expect to get anything good from trading, you need to have a good understanding of graph chart analysis, market analysis and some other technical analysis and spend a lot of time to acquire this understanding which makes it a full time job. Yet through trading one does not get guaranteed profit from every trade. But long term investment has many advantages and there is also the possibility of profit

Much better doing that way instead of trying to rush things and eventually lose your money, remember that trading is all about knowing the potential market flow, it can't be done right away as there's always analysis and observing that you need to assess, and by doing a quick decision making the risk is high of losing your hard earned money, though if you can maximize your time and you really wanted to continue your trading investment just take the long road and patiently waits when positioning your investment, not a lifetime but a good long term investment for your retirement plans.

Well, anyone that can not cope with trading and their real world job should just do what can be easy for them. It's better for only focus on one thing rather than engaging ourselves with something that will end up to liquidate our capital. I know how I am usually being faced with work load at time and I can not look at the market for some up to a week or More.

That is the use of planning related to time management, traders are not only required to have financial management but time management must also always be involved, none other than because of course we have our own busy lives, for example, working to meet all the needs of life, as you do, namely by first completing more important activities or those that have regulatory ties with other people such as in work matters, then prioritize those activities, and after that you can find free time and fill it with trading activities.

I think everyone can do that, but unfortunately there are always some traders who cannot divide their time properly, not infrequently those who force themselves to enter the market at the wrong time either at a time when they have other activities or when their mental and psychological are not ready to enter the market which ultimately causes problems in their trading activities such as experiencing unnecessary losses.

It is true trading is like an alternative income source of traders no way to treated it's a main income, who traders considering it's a main earning and depend on this income source then it will be danger, trading is not any guaranteed profits, it's risky so no way to lead your life based on trading income.

Yea, trading actually works with timing and it's left for a trader to also be decisive of the best time that they find very comfortable to trade. Just like I am now, I have my personal business that am running and I am also an employee under a microfinance bank in my country, the bank job doesn't requires too much of my time, so I actually know how to combine it with my business and at the end of evey day, I still return home and look at the market, if after making a few analysis and I see a good opportunity, then I will just enter the position and set a stop lose and that's all.

Of course, many traders make 3x to 5x or more profits compared to their main job in a month with just one trade. They take advantage of certain momentum in price movements, for example they only buy when the market is badly corrected. Buying with a larger budget at that time could give them big returns, so it is natural that some of them no longer consider trading as a side job.

It's true that trading isn't always profitable, but that's a trope commonly cited by day traders. Meanwhile traders who only take advantage of momentum tend to be able to make profits because they don't trade every day. The profit ratio obtained this way is higher than day trading, so I think it is good to try.

Not easily how to manage well with trading keep consistent to earn profitable as short term trading or long term trading, I think for trader very important waiting for right timing moment before purchasing any coins for investing until the right moment for selling their bitcoin and altcoin investment assets. Its not problem after smart and have accurate analyze with trading become main source income or making cryptocurrency trading not only as side job but also become main job.

Many trader leaving their offline job keep focus with trading and make its as their main job, during have good analyze and always looking hard for researching any coins before investing its not problem make trading in cryptocurrency as the only one job or becoming main source income after leaving offline job.

You got all the points wrong except the last, you never considered the risky aspect of trading before you arrived at this conclusion. Just like gambling, trading is not reliable and this is evident all around us with the way people are losing more than how they are winning. Now tell me, do you want such a risky business to be your main source of income? That will not be smart if you want it to be. If one solely relies on trading as the primary income as you advocated, he will be putting himself and his dependent at financial risk because it might be when you are in dire need of money that trading would disappoint you.

This simply means that unlike what we can reasonably call the main source of income, trading is risky and highly unreliable, anyone who depends on it is taking too much risk, so you should make it passive. Another issue with those who believe they can rely on trading is that they are naturally calling for emotion. What they would have handled maturely with the right psychology when they had it as an alternative to their main job will now make them be under pressure and emotional simply because they decided to depend on it.

The focus you suggest is indeed very appropriate and also very good for everyone, especially people who are investors by profession. But you should not combine trading with investment because traders who can still take advantage in the short term will continue to do so throughout their lives even though on the other hand they also invest in Bitcoin and are investors by profession. But you should not combine it in one sense because trading and investment are two different things even though they can be done at the same time.

Yeah, having a established way of making money then invest your spare money will allow you to stay calm whatever the market is heading, that's the difference between newbies and experienced traders and investors, experienced traders do analyze and assess their investment gives them the chance to keep their money into something that they believe will give them decent benefits, they are aware of long term if needed as they have other ways of making money and not just relying with their investment.