Topic: Trading is not a lifetime job. - page 5. (Read 2979 times)

OK your own case is different since your country economy is very poor and the jobs pays poorly that will not even be enough to take cate of your bills. I understand how happy you are to quit such job and focus more on trading, at least it is favoring you than you going to work. In such situations one needs to quit such job instead of running a rat race and from your statement it shows that you are a pro in trading. I also have a friend of mine who quitted his government job due to low pay and high transportation fee to work.

OK your own case is different since your country economy is very poor and the jobs pays poorly that will not even be enough to take cate of your bills. I understand how happy you are to quit such job and focus more on trading, at least it is favoring you than you going to work. In such situations one needs to quit such job instead of running a rat race and from your statement it shows that you are a pro in trading. I also have a friend of mine who quitted his government job due to low pay and high transportation fee to work.

It all depends very much on the country where such a trader lives. For example, I quit my job to do trading, and it was one of my best decisions. I live in a country with a very weak economy, which is also at war. Not only are salaries extremely low and not enough to pay the bills, but also the employer can leak your personal data to various government institutions, the prospects are not so good, you can take my word for it.

Yes, the market is volatile and unstable, there is no certainty that trading will allow you to live comfortably and every month will be profitable. But there is a big difference between sitting at home and working for yourself, and commuting an hour and a half to a meaningless job under missile fire, working overtime, and getting $300 a month for it.

Professionalism as a complete trader will not be possible for most people. Because we know that trading is a risky business. Through this a person can suffer a great loss financially. To trade one must be resourceful, analytical, and have a strong mindset. Because in trading it can be seen that there are many times that we can't predict the future at all, so if we dump the market from here, we suffer a huge loss according to the amount. In most cases, it takes a long time for a person to recover from the damage. So it is not for everyone and it is not possible for everyone to take it as a professional. It seems to me that maybe 2 to 8 percent of people who trade can only take up trading as a professional. The rest just wait until the season comes to trade.

Of course whoever leaves his job for trading will regret his action because it is a dumb idea. The market is filled with uncertainty and there is no guarantee of making profit from trading continously to the extend that it will be paying your bills for you. Trading is very risky due to the high volatile nature of cryptocurrency annex that is why you should not rely on it to earn a living. It is good that one should trade with the amount of money that he can afford to lose.

Yes, trading may not be considered a lifetime job, but it can help us for a long time in our lives, depending on the knowledge we have in trading. I have been studying trading for several years to get deeper into it.

Because it's not easy to learn and learn, it really needs a lot of dedication and determination, because it's not easy to learn and understand, and that's the truth in this matter, especially in actual trading itself when we're doing what we've learned in trading here in the field of crypto space.

You are correct!. However, I think you are talking about "Emotional Pressure".
As people grow older their emotion becomes more stable, we are talking from ages 40 to 60.
Beyond that most people emotions starts to decline. They will prefer to do things that will not put them in a boiler plate.

There are actually people who are really that making trading as their main source of income but the numbers arent really that too many and this is the thing on where us traders are really that thriving to reach out this point or condition on which of course it wont really be that short or something that so simple. Tons have tried but there are ones who do fail and give up but there are still who those continually doing it and despite of the loses they dont forget out on the risks management that they had set out on which this is really that an important thing to consider.Trading might be hard to learn up but just like on said above that it could also become a life time job if you do find yourself that becoming profitable with it and just like we do all know that acquiring such skills and knowledge will really be taking up some time and tons of efforts.

The thing that you would remember out always is on the moment that you do deal up with trading then dont make it just like a gambling game because it will really be just that making you desperate
and we do know that desperation is something not recommended on applying it on trading because it will really be resulting into tons of mistakes and this is something that you should be looking into.
On the moment that you do find having that hardship then its up to you whether you do sustain yourself or would be giving up.

Undoubtedly, this will happen, not because of the market condition, which was still strong and growing, but because of the volatility of the market. Trading is not for everyone, and that is why those who feel empty and incapable will surely leave. 

Everyone will find a place to stay and work for money, and nobody will stay in a place if it is no longer profitable. Well, many have left, but on the other side, many have also opened their doors towards trading. That is why we still see a growing number of traders despite the risky situation because many still believe that with their right skills and knowledge, they could make money from here. 

You said it right on your last statement, if you have stable job where you get the majorities of your earnings better to keep it and use your spare for your trading, no need to quit your regular job while doing your investment, not unless you already see that you have a good potential and those strategy that you established can bring decent profits it might be possible but if you are still in the position where you don't see progress, it is indeed that trading is not a permanent money making venue but the potential is decent if you find the right pattern to follow and posess the right attitude and dedication to make it worth for your financial needs.

I never treated Trading is job for even short time, and it's impossible to take it as lifetime job. There is always stress here because no one knowns what will happen in the market so there is always anxiety in cryptocurrency trading, it is very dangerous for health, no traders will enjoy it because it is very difficult to make profits in trading.

I don't see anything wrong with treating trading as a hobby. Sorry, but in this case you spend much less nerves, because in case of failure, you always have a safety cushion - your job.

There are various reasons why many people make trading as an additional income, one of which is that they are fully aware that when they make the decision to focus on trading completely, they are putting themselves at great risk. It is not that you cannot make trading your main and only income, but the problem is that it is not as imagined.
I don't know the valid data on this, but as you said I also believe that only a few people make trading their main source, while others only make this as additional income or in other words they have other sources of income that are more stable.
Indeed, if we think about the benefits that will be obtained, we will certainly be very tempted by it, but I have said many times that it is worth the risk.

You can move the coins to a noncustodial wallet. Assuming you are great in future exchanging and that implies you don't utilize influence, you can utilize influence to safeguard a portion of your coins on noncustodial wallet. I feel that is the best remember to do on the grounds that sooner or later one will be unable to go on with the battle of the market yet from the interest in things like land they won't need to go into market any longer.

It would really be that a suicide thing if you would really be leaving up your current job just because you have decided on going full time with trading. You are really that basically putting up yourself on such great trouble. We do know that when it comes into this aspect then it would be ideal that you should really be making yourself that sustainable first before quitting or resigning from your work. WE do know that this market cant really be always giving out that positive results into your trades on which it will really be that understandable that on the  time or moment that you able to reach out such state about being a good trader
then its something that could be considered to be a lifetime job on which as long you do have the skills and knowledge and on the time that you could sustain yourself on this market then this is really that an advantage. It is really just that only a few could really be able to reach out such condition because majority will really be that making trading as their side income. Only a few could be able to
directly be making up that full time trades and making a living with it.

It is a wiser choice than leaving a job in the real world and switching to trading where it is not certain whether we will get a decent profit or not, but what is clear is that there is always a risk in trading.
This is the best way to do it, as you said, keep doing your job as usual and trade when you have free time. Actually, we can trade when we are on holiday. The problem is when we leave work and choose to trade while we are still in the learning stage, it will backfire on us. Except for those who may be very professional in trading, they will understand better when facing certain situations.
Apart from that, I think it would be better to have many sources of income than to rely on just one source, especially since we know that in trading we will not always make a profit, there are times when we experience losses.

even for new projects that have just been listed on the exchange, it actually increases the risk of losing your trade. if you are a trader you should know that most avoid new projects. some traders may succeed with it, but even for a professional trader, it will not increase their chances of profit.

if you have a permanent job in the real world that makes money for you, you better focus on that. if you want to be better at trading, do it gradually. no need to leave your job and make trading your permanent income. you can do trading in your spare time.

Many say we can't rely on trading but if you're proficient in trading you may easily earn more than or equivalent to your monthly salary. In the early stage you might not see lucrative profits but as gradually you'll start exploring market, finding opportunities through TA you'll find this more interesting. Besides this we can also get connected with prominent exchanges like Bitget, Bybit, Kucoin, OKX etc. for the newbie launched projects and accumulate while in early-stage for the potential earnings

Their are definitely people that trade as their source of income and they are making a leaving out of it, and some of them still make money from mentoring people and that is one of the best things, because no body will teach or mentor you free,  and having a mentor is actually very good so we need more so we can not rely on how own knowledge, and that is why mentorship is very important since is not everyone that can learn on their own so the won't have a choice than to go for mentorship. Their is a way you can jut channel your to learn so that if you are taking trading as a source of income, you have to give it your all so that you don go hungry, because the moment you are not making money then how do take care of your self but except you will plan your self and also reduce the way at which you are spending money then buy what ever you need when you have money, that way you will be relieved of expensive and you won't struggle.

On the moment that you do find yourself being profitable with trading and you've been able to sustain on which it comes into a time that you arent that able to spend up your daytime job salary then this do really indicates that you are really that doing pretty well with your trades on which it could be something that could be considered to be a professional trader. Of course it wouldnt really be that short if we do speak on how long on a certain trader would really be able to achieve such state. We do know that when it comes to this aspect then it would really be just that depending on certain factors on which there would really be those individuals who could really be able to make profits despite of the loses that it does have. We do know that Trading could be a lifetime job as long there's a market that you could really be able to trade with.

The only question on this, is on how well you do make yourself those trades and would really be that sustainable or something that do speak about
on how good you are on dealing up with this unpredictable space. Just make it sure that you wont really resign on your day job not until you do see yourself
that sustainable on doing trading. So it would really be just that depending into your decision and approach.