Trading is not a lifetime job. - page 5.

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Quote from: justdimin on April 18, 2024, 08:52:41 AM

Quote from: Z_MBFM on April 17, 2024, 10:03:20 AM

Trading is very risky because professional traders may make profit from trading with their own strategy but they also cannot always guarantee their profit. because no one can guarantee when the market will move in any direction, trading is very risky for everyone, no matter how professional. so it is better to use trading for part time and should not decide to lead life depending on trading. a separate source of passive income is essential to meet the regular expenses of life. so trading should not be thought of as a profession or a source of lifetime income in any way

That is true, if there was a way to guarantee income then all of them would have guaranteed it, we all know that it is not going to be that easy and we should all be careful about it. I personally believe that professional traders make a lot of mistakes as well, they just make a lot more trades so that means they have more mistakes but they make more profits as well so that is why they are doing fine.

An amateur may make 10 mistakes a month and lose all they have, a professional could make as much as ten a day, but they could make twenty or more right calls a day, so their mistakes would be a lot, the lost money would be significantly larger and yet they would not be able to really see that and that's important difference.

Its never been easy and it would never be and just said if it was that easy then all of us would really be doing trading. Somewhat its really that true that trading could really make out such probability that it could really be a lifetime job on the time that you would really be getting this lifetime skill which is something that cant really be easily obtain by a certain person in a short span of time. This is why it would really be that best that you should not make yourself that too optimistic because it would really be just make you desperate. Its not really that bad to have those kind of targets or goals but be sure to make it slow and constant or something that do talks about being that sensible on the things that you've been doing. Also, put up into your mind that this isnt something that you could be able to have a good grasps on your first try. This would really be that something that
will really taking up some time and would really be putting up tons of efforts.

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Quote from: rojan on April 17, 2024, 11:21:46 PM

When I first started trading, I suffered huge losses due to many wrong decisions. But since I gradually gained good experience in trading, I did not face any big loss. But we always start trading with good experience in the market. But we can get good money from trading and if there is no wrong decision we risk big loss.

I think the whole point of whether you're full time or plans to do this until you die is not even a problem. And most of the traders are good except those that are starting out and to find out if a trader is good is not about his big gains but with how much he's losing. If a trader is able to minimize the losses then that's a sure thing a category that trader is a good one. Minimizing your losses and cutting them is a hard pill to swallow when you think that you're good with your trades. But if you're not able to do that at the right time then the mitigation of your losses isn't done properly. I may agree that trading isn't a lifetime job and just like any other job that you can be replaced anytime. For a trader, it is not his job forever because once he's able to save up money and able to invest in many assets and businesses, it's a big possibility that he don't want to be tired anymore with the market and just want to have a rest forever with it and I think that many traders are thinking like that.

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Quote from: Z_MBFM on April 17, 2024, 10:03:20 AM

Trading is very risky because professional traders may make profit from trading with their own strategy but they also cannot always guarantee their profit. because no one can guarantee when the market will move in any direction, trading is very risky for everyone, no matter how professional. so it is better to use trading for part time and should not decide to lead life depending on trading. a separate source of passive income is essential to meet the regular expenses of life. so trading should not be thought of as a profession or a source of lifetime income in any way

That is true, if there was a way to guarantee income then all of them would have guaranteed it, we all know that it is not going to be that easy and we should all be careful about it. I personally believe that professional traders make a lot of mistakes as well, they just make a lot more trades so that means they have more mistakes but they make more profits as well so that is why they are doing fine.

An amateur may make 10 mistakes a month and lose all they have, a professional could make as much as ten a day, but they could make twenty or more right calls a day, so their mistakes would be a lot, the lost money would be significantly larger and yet they would not be able to really see that and that's important difference.

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Quote from: retreat on April 18, 2024, 12:43:19 AM

I quite agree with what you say, because some of the older professional traders I have met have changed their direction to become just investors or opened trading classes with their experience to be able to earn money. They say that they are old enough, so they cannot spend long in front of the monitor monitoring market movements. Or they are old and spending more time at home with their family is much more enjoyable for them. That makes sense seeing as how trading is actually quite stressful and takes up a person's time and attention - even though there are some people who say that trading can be fun, I think it's just a lie to attract more people to trading.

Agree to that statement, in terms of those who are trying to encourage other people to engage into trading most of them are trying to upsell how successfull they are either for viewers /readers or possible target to sell their services, but just like what you mentioned there are experienced traders who choose to change directions maybe some already invest to another types of business or just wanting to wait on their target instead of trying to play against the trends.

Quote from: ancafe on April 18, 2024, 06:51:01 AM

Quote from: Kelvinid on April 14, 2024, 06:28:50 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 are many people involved in trading starting to try to find opportunities in other sectors to make money. One of them started looking for investment sources elsewhere and I asked them about it and generally they said it was a long-term move. Health problems will prevent you from being able to engage in trading and if the income is not good, people will definitely not be able to survive even if it is trading.

As for the stock exchange issue it is up to each individual and I am sure that before they decide to get involved in the stock exchange they have gone through consideration. In fact, we have to look at how the money we have remains more productive, so that when our health is disturbed there are ways we can do it so that we don't stop getting income but small and large problems depend on how someone manages

Just like what you mentioned more on time that being consume and the stress that you will need to embrace while you are still in this business, not all can take that long that's why they divert their attention to other types of venues, instead of keep chasing for their luck they choose to invest to another business and try their knowledge to succeed.

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Quote from: Kelvinid on April 14, 2024, 06:28:50 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 are many people involved in trading starting to try to find opportunities in other sectors to make money. One of them started looking for investment sources elsewhere and I asked them about it and generally they said it was a long-term move. Health problems will prevent you from being able to engage in trading and if the income is not good, people will definitely not be able to survive even if it is trading.

As for the stock exchange issue it is up to each individual and I am sure that before they decide to get involved in the stock exchange they have gone through consideration. In fact, we have to look at how the money we have remains more productive, so that when our health is disturbed there are ways we can do it so that we don't stop getting income but small and large problems depend on how someone manages

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Quote from: Kelvinid on April 14, 2024, 06:28:50 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 quite agree with the points you mentioned because that is what I experienced.
After trading for quite a long time, I finally felt that the stress level was increasingly bothering my mind so that I was no longer able to enjoy any trading activities, in fact it was quite disturbing to other activities because it was quite difficult to stop thinking about trading, especially when we thought we had entered the market incorrectly so that some decisions caused losses.
For point three, I no longer really trust new projects and only trade coins with a good rating on CMC and even then only for the long term, because day traders really take away my mind and energy in my opinion.

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I quite agree with what you say, because some of the older professional traders I have met have changed their direction to become just investors or opened trading classes with their experience to be able to earn money. They say that they are old enough, so they cannot spend long in front of the monitor monitoring market movements. Or they are old and spending more time at home with their family is much more enjoyable for them. That makes sense seeing as how trading is actually quite stressful and takes up a person's time and attention - even though there are some people who say that trading can be fun, I think it's just a lie to attract more people to trading.

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Quote from: Natalim on April 17, 2024, 05:35:53 PM

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Why not just sit down and relax, and wait for our investment to grow rather than stressing ourselves to check always the market price?

This is where I differ and if you hangout with retired people then you will understand why just being in the relax forever is not possible at all. No need to go aggressive in trading and it's not profitable either for anyone but definitely they can prefer long trader and they won't lose any of their relax time if they do one or two trades once in a while and the fact is no one will say no to money, no matter how old they are.

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Quote from: Z_MBFM on April 17, 2024, 10:03:20 AM

Trading is very risky because professional traders may make profit from trading with their own strategy but they also cannot always guarantee their profit. because no one can guarantee when the market will move in any direction, trading is very risky for everyone, no matter how professional. so it is better to use trading for part time and should not decide to lead life depending on trading. a separate source of passive income is essential to meet the regular expenses of life. so trading should not be thought of as a profession or a source of lifetime income in any way

When I first started trading, I suffered huge losses due to many wrong decisions. But since I gradually gained good experience in trading, I did not face any big loss. But we always start trading with good experience in the market. But we can get good money from trading and if there is no wrong decision we risk big loss.

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Trading is not a lifetime job because no one can tell when you will train and succeed or when you will sit down. Currently everyone is willing to do training but there are many who do not understand or many understand that it seems very easy and very easy to earn money but actually it is not. You will be very profitable when you come to chat and you can become fakir in a long time or in a limited time that depends on the market. Such a situation or situation in the market means that if you want to stay in the market, you must move according to the market. But earning by trading is not very easy but not difficult if you understand the basics or your concepts or if you can take it you have more chances.

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Quote from: SOKO-DEKE on April 17, 2024, 06:20:34 PM

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

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

Honestly, anything someone is doing, there will be a time when they will not have much strength to do it anymore. So as for trading, it is not an easy task; it is really stressful, and because it involves serious thinking and requires some time to do research, anybody with health challenges will hardly continue trading.

Quote from: Kelvinid on April 14, 2024, 06:28:50 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.

Despite the fact that trading is very difficult, there are some traders who are making a reasonable amount of money from trading always.When someone has a good foundation in trading and it knowledgeable about it, it will not be that stressful for them. There are people who always feel comfortable trading.

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

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

The issue of trust is there, but the best thing is to always move your money from exchange especially after done with trading. Once you are not leaving big amount of funds in exchange there will be no problem. No exchange can be 70% trust but still there still good ones existing.

Am of the opinion that trading could be a lifetime job because we have professional traders also known as merchant traders and they have so much experience that with the initiative of AI bots integration on many trading platforms, it becomes seamless and easy for these merchant traders to adapt and do better, making more profits and having enough time to do other meaningful oldie stuff.

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Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

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

Honestly, anything someone is doing, there will be a time when they will not have much strength to do it anymore. So as for trading, it is not an easy task; it is really stressful, and because it involves serious thinking and requires some time to do research, anybody with health challenges will hardly continue trading.

Quote from: Kelvinid on April 14, 2024, 06:28:50 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.

Despite the fact that trading is very difficult, there are some traders who are making a reasonable amount of money from trading always.When someone has a good foundation in trading and it knowledgeable about it, it will not be that stressful for them. There are people who always feel comfortable trading.

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

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

The issue of trust is there, but the best thing is to always move your money from exchange especially after done with trading. Once you are not leaving big amount of funds in exchange there will be no problem. No exchange can be 70% trust but still there still good ones existing.

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Quote from: Ricardo11 on April 17, 2024, 06:06:48 AM

Certainly trading can never be a lifetime job, we cannot earn money from trading all time. We must have losses at some point. If we don't have a permanent good job system, then we will not be able to cover these losses in trading, so it will have a lot of impact on our daily life. So we must have a good job system (From which we will get a good salary), So that if we have a loss from trading then we can cover that loss and continue trading again.

As you try becoming an established trader, you have to sustain it through having a stable job. But once you get there, you're starting to have the idea that trading can be an ideal thing for everyone.

It can certainly be a lifetime job.

You can be a digital nomad forever but at the same time, you can do trading as well. It could be your part time job forever but it's a skill that we have to learn in order to survive.

Losses are normal as if you're doing your own business from it.

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Quote from: jrrsparkles on April 17, 2024, 03:26:46 PM

Quote from: Kelvinid on April 14, 2024, 06:28:50 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 differ completely from your perspective, once we grow older we just want to enjoy and trading can be one of the way to make money for an individual at their comfort. I am not talking about the day trading but longer formats is quite convenient and anyone who has decent capital can do it with less risky plans and make money for their needs.

But for me, I'd rather help myself to relax as for sure, as we grow old we've done enough which is time for us to enjoy, not to make money anymore.
Because I would agree that trading is stressful and I don't think we should stress ourselves if we are old already. If we think for pastime, I don't think this is a good decision. We better just invest and leave peacefully live without thinking about the market situation and do research because we trade. Why not just sit down and relax, and wait for our investment to grow rather than stressing ourselves to check always the market price?

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Quote from: Kelvinid on April 14, 2024, 06:28:50 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 differ completely from your perspective, once we grow older we just want to enjoy and trading can be one of the way to make money for an individual at their comfort. I am not talking about the day trading but longer formats is quite convenient and anyone who has decent capital can do it with less risky plans and make money for their needs.

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Quote from: QuinielaPosible on April 16, 2024, 02:30:25 PM

Quote from: Dewi Aries on April 16, 2024, 02:11:39 PM

The right approach and the right mindset is to make trading a part-time job that is useful to supplement your income from the main job, and even if for example you manage to become a fairly professional trader by always being able to make a profit or when you are already in a situation where your profits are greater than losses then I think at that time you can think of a new plan, you can quit your main job but on the other hand you also have to build another place that can provide you with income such as maybe a business or other things that can provide a fairly certain profit.

You're absolutely right. Maintaining a main job while trading on the side is a practical approach.

Keeping your main job ensures a steady income, which safeguards your ability to meet basic needs without the pressure of needing constant wins from trading. It's a wise strategy to treat trading as a supplementary income source until, perhaps, your trading profits are consistently outpacing your losses.

Of course because as I said above that trading is a part-time job and not a job that can provide the main income, because the main income is something that can always give you a guarantee in a certain period of time that you will be able to earn money or earn, while trading has a level of risk that sometimes cannot be avoided completely and this is why I think the better decision and approach is to make trading a side profession to supplement your main income.

The downside of making trading a priority to earn or making it your only job is that there may be times when you need money for living expenses that cannot be tolerated while you are losing money in trading. As you said, the purpose of maintaining a main job is to ensure that our needs will still be met without having interruptions when you experience losses in trading, or simply even if you experience losses in trading but you still have a main job that will be able to provide you with income to make ends meet.

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Quote from: Z_MBFM on April 17, 2024, 10:03:20 AM

Trading is very risky because professional traders may make profit from trading with their own strategy but they also cannot always guarantee their profit. because no one can guarantee when the market will move in any direction, trading is very risky for everyone, no matter how professional. so it is better to use trading for part time and should not decide to lead life depending on trading. a separate source of passive income is essential to meet the regular expenses of life. so trading should not be thought of as a profession or a source of lifetime income in any way

Trading is risky but we cannot say it cannot be a lifetime job, there are some traders that have been trading from when they were teenagers and are currently in their old age but still trading and some of them have retired and now teaching others how to become professional traders. Trading can be taken as a career job and if we stay disciplined we can achieve success in trading. Trading can make you money when you learn how to trade very well and not become greedy when trading or addicted to trading that you do not get worried about your losses to learn from them and try to make better trades when next you analyze the market. Both professional traders and beginners can lose when trading but don't you ever think that you cannot make it from trading. Anybody saying that is a lier, you might need an extra income to help you out but you can make it from trading cryptocurrency.

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Many of those who are mainly involved with crypto currency are interested in trading for short term income. Trading is a sector that requires a lot of experience and patience. Since the cryptocurrency market is always up and down, it is really difficult to predict which direction the market will go in the future. I am not stopping you from trading, if you are very good at trading you can earn good profit from it. If you can control your greed then you will get good success in future. While trading can be a lucrative industry for a few, it is good to have diversified sources of income to reduce risk and ensure long-term financial success. But if you consider trade industry as your main source of income then I think it will be a big wrong decision in your life.

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Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

1. It is quite stressful - old traders will soon give up due to mental health problems

I disagree with you here! Trading is not stressful when one is acquainted to it. Most persons take it as a hobby, a full time job where they earn a living. So you cant tell me that what i use to earn a living is stressful and i will quit. Also i have never seen a trader who complains about mental problem. Its kind of a remote job and self employed nature of job so one should be happy about that because i know how many persons who are willing to work at home and not work for someone.

Quote from: Kelvinid on April 14, 2024, 06:28:50 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.
Most of the time we feel this during bear season.

You dont have to sit all the time at home. You can execute trade by doing some configurations while you go out and do other activities and the trade will exit the market or will execute new trades. There is no way a trader cannot enjoy his job if he/her participate ion other activities outside of trading. After all all work and no play make jack a dull boy.

Quote from: Kelvinid on April 14, 2024, 06:28:50 AM

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

No exchange is 100% trust guaranteed. This is why traders deposit the amount that are willing to use for trade on a daily basis. So even if there is any scams or cheat then they will lose only the money they have deposited on the exchange.

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Quote from: Kelvinid on April 14, 2024, 06:28:50 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.

Your opinion are yours and not everyone would agree with you but your trading orientation is very odd to me, the reasons doesn't makes an iota of any sense.

The first one, you said quite stressful. Like is there literally any job or skills out there that is not stressful? All of em are stressful but if you are used to doing something over and over, it becomes a hobby and something you enjoy doing rather than just a job and because money(profits) is there it will serve as a motivation not to see trading as a stress.

The second illogical reason you said it's not enjoyable. Are you sure you have trade before and make money? Because I don't understand why you will say there is no enjoyment in making money, that's a lie or you just trying to defend your mind because you didn't succeed in trading.

The last lame excuse you said scam, you just verified that you don't understand trading, your reasons are far from what even a newbie trader would compose, I'm sorry to say but you don't know deep understanding of trading.

Topic: Trading is not a lifetime job. - page 5. (Read 1295 times)