Topic: Trading is not a lifetime job. - page 3. (Read 2978 times)

A trader should be so that there is no financial hardship for himself and his family during his retirement. In my opinion investors should continue to invest in reliable currencies or accumulate long term so that they accumulate a large holding and move away from short term investments. In that case investing in Bitcoin can be very positive for an investor as its price trend seems to increase in value a lot. Hence the focus on Bitcoin holdings.

Trading cannot be a passive source of income because it requires your constant presence, market analysis, making deals and many other actions that are simply impossible without your participation, so trading is work. It is a difficult enough occupation to do it constantly, or plan to make it the work of your whole life. If you manage to earn money on trading, this will allow you to move to another direction, maybe investments, to receive passive income that does not require your constant presence. But not everyone can earn money in trading, more often people lose money here than earn...

This what matter the most on which it would really be that best that you should really know at least on what you are doing and as long its something which is really that beneficial then this what matter the most.
Dont make yourself that being too confident on the things that you do have in making with trading and never ever tend to make some quitting or resigning not until on the time or moment that you do find yourself
on being sustainable with trading. This isnt something that will really be that giving out that guarantees and also its never been easy on something such as this. Never ever make yourself do make some rush decisions.

There would realle those people who would really be that positive when it comes into their capabilities on which on the time or moment that they will really be that dealing up with trading then they would
really be that trying to make on quitting their job and on the moment that they cant sustain then this is where they would really be seeing themselves getting fucked and ending up on having that
kind of situation which they are really that losing tons of money because they are really that becoming delusional. This is why its important on whatever the approach that you should really be
having and never make yourself that being in a rush situation.

I guess it's optional, and you know the formula too. If you get out of the market and then plan to go out and choose another coin with that capital it will be very fatal and I understand that you understand this co-repercussions very well.

I am also felt that I tried to join the hype at that time and wait for a good price, but why should the market always follow the price of the main coin, namely BTC. Yes. In the end, trading is not a permanent way of making money as you said above and we are dead and have to look for other additional funds at that time.

As long as it helps or gives us financial support, let's just continue our trading activity. We can't make a profit here passively if we don't have enough knowledge in trading, and we can't just rely on luck because it's not easy to get luck in reality.

But anyway, if you have extensive knowledge of trading, you will benefit from it for a long time for sure, but if you lack an idea of trading, you will not last long here for sure. But as much as possible, if you are a newbie here, it is still better that you have another source of income that is stable so that you have more fuel for your purchase of potential crypto assets.

I agree with you,  timing and proper balance and good management's of both your time and your finances, most traders has its own time frame  and own expectations,  they based it from personal experience and they keep improving their skills to keep them updated while also trying to make money out from this venue of business or investment,  it's your good understanding and your willingness to keep doing your research to make sure that you are in the right track.

Actually, trading is more tasking more than we underestimate it to be but yet it's not something that can take the whole day to do. Most, if not all professional trader have a trading time, some people love to trade late at night and some people prefer early in the morning and some in the afternoon or evening. That's to say, even if someone has another job, the person can still do their job from 8AM to 4PM and after returning home and taking a rest, they can look at the market from 7pm to 10or11pm and take a rest till the next day. One important thing is effective time management and also caving out time for your trading. When one effectively manage their time, they can be trading and doing other things despite.

Profits earned from trading can be an alternative source of income but it would be wrong to consider it as the main income. An investor should invest such money in trading that losing does not directly affect his personal life. Because an investor can never be sure of profit from his trade. A trader cannot be relied upon for trading money. There are cases of many who want to leave their main work and rely on trading which is a completely wrong decision. Trading life time can be done but for this the trader has to manage the trading accordingly. Although a trader cannot guarantee any profit from trading but if he manages the trading with skill and experience then he must be able to manage long term trading. Many do not want to continue trading for a long time as there is always pressure existing in trading.

in fact I think otherwise, all jobs can be done for life if he wants to do it and is still able to do it, so too for Trading it doesn't matter if someone wants to do Trading whenever he wants regardless of the risks and difficulties he faces. Indeed, there are also those who think that we don't have to work for life, but there are also people who do that, and it doesn't really matter as long as he is still able to do it so even though we don't plan on it but no one knows later if it will run by itself and in Trading I think it's not difficult because there is no energy that we exert except just thinking.

 Trading is not a lifetime job.  I mean if you gonna work for your entire life then this is true most of people want to retire than any job is not considered a lifetime job. It is that trade is stressful and etc, but here is the thing trading can be a truly job if you know with what are you doing because the example is plenty.

But most of the people just throw away his money to do some luxurious thing and forget to re-invest the money to machine that can created passive income and can make you no need to work for life

I think for the issue of whether trading is allowed or not to be made a lifelong job, I think it's okay as long as you really feel capable of managing and controlling everything well in the sense that it is according to your abilities, but of course I also don't agree if trading is made as the only place of income to meet all your life needs, because no matter what you say, trading is still an activity that cannot always make money.

Honestly, I can't imagine how much pressure I feel when I need money for something urgent while I am experiencing losses in trading, it will definitely confuse me. So that means it's okay for anyone to get involved and make money in trading but make sure that you have another job or your main job to support all your life needs, meaning it's best to just make trading a side income.

It is true, making trading as the main source of income will certainly be able to affect a person's mental health, not to mention that with many failures that we experience, of course this will make us have difficulties in meeting the needs we need and rightly as you say, it is better for someone to make trading as an additional source of income and still have a permanent job that can give them income so that they do not have difficulty in meeting their needs when they are experiencing several failures in the trades they make.

Using trading funds according to the ability that we are able to afford when experiencing failure is of course very important, because if we trade with all the funds we have, it is certainly very disappointing when we fail and it will also be difficult to get back up from the failure that we experience, but when we use the funds that we are able to bear when we experience failure, we will be able to learn the mistake and return to trading well.

Trading is risk which am fully aware, but there is money involved if you can take the risk to learn the trading before starting trading with your money and you will know that trading is profitable when you embark on trading. Yes, you are going to experience losses and profits in your trading journey but let your profits to be more higher than your losses in that trading and you may likely to stay long in that trading if you wish because you have the right to spend anytime or years before you can quit the trading but make sure you leave trading with good record for you to be able to impact others traders.

Trying to recover your losses in trading, it will make you to continue to lose in trading than to ignore the past and focus on the present by introducing some new tactics that will help you to trade when the bull season is occur and you will smile for the time and energy you have been spending on trading.

Analysis only for 15 to 20 minutes and that's enough for you to make your trades? Well, even though I know it can differ for each trader, I believe it is extremely difficult to understand anything within 20 minutes, especially if you are into altcoins because they tend to be more unpredictable than Bitcoin in general, so when you are making a trade in altcoins, you need to consider a lot of things and do enough research and analysis before you go ahead with your trade.

Talking about trading as a lifetime job, I think if a person has enough knowledge and experience about the market and they have enough money that they can use to earn a reasonable amount each week or each month, there should be nothing wrong with continuing with trading as a full-time gig. It could only be a problem if a person isn't able to earn money from trading and instead lose their invested capital.

Trading shouldn't be seen as a lifetime job because of the stress that can affect our mental health, it's a business that you're not sure of making profits at the end of your efforts. Also trading shouldn't be the major source of income of any trader, it should be taken as an alternative source of income. I believe that depending mainly on trading profits to take care of your responsibilities is the major cause of stress for traders. If you have another major source of income and trade with the amount that you can afford to loose, not being greedy to overtrade then your stress will reduce.

Good point, as there's adjustments that other traders will do to make a better trades and sooner you'll find yourself not doing good anymore, the problem is you already decide to quit with your day job and once you experienced losing streaks your finances will surely affected, it's more on the side where you explore more opportunities once you earn decent amount out from your trading.

A good way of diverting and finding more ways to earn and not just to lean with trading but keeps on moving forward to earn mney.

I also think trading is not a lifetime job, trading is risky. You cannot profit all the time by trading, you have to face losses. I have heard many stories of people who have lost a lot of money trading and are still unable to recover. Loss of some coins by trading is not easily recovered and requires a long wait to recover. I traded few days ago and I also faced loss but still not able to recover. So trading can never be a life time job. You must have an income source, as well as trading with what you can afford to lose.

You have a good point, "half a word is enough for the wise." Trading should always be regarded as a passive income source no matter how good you are in it. If you are privileged to hit it big or consistently make reasonable amounts of money from it, you should use the opportunity to establish a good business or investment and continue with your trading. The mistake some people make is that the initial gains cloud their judgement, which is why they can resign from their primary job for trading, not knowing that the emotion might start in a bigger form by doing that but it would have been too late for then. Let's be wise, trading has its challenging times too, that's when extra income source is most appreciated.

You know, personally I do expect a professional trader to have other active investment at hand (at least one) before they resign from job, that's also how I expect the learning traders (newbies) to first of establish one or more stream of income before quitting their job. The reason why some people usually become frustrated in life is after they have had a high confidence about something and they end up being disappointed.

OP As far as I can elaborate on your reasons, I disagree with you pretty much as you say. Because I think if you are a successful trader you will never deviate from this path. Although it's stressful monthly, I totally disagree with what he said because of number three. No matter how many scams there are in the market, it will not affect the traders if he is an experienced and excellent trader. I am a spot trader but I don't trade all the time most of the time I invest. When I trade I do analysis for minimum 15 to 20 minutes and then I trade on that. By doing this I do not have to face loss.