Topic: Trading is not a lifetime job. - page 7. (Read 1295 times)

After reading this part:


I was wondering: what job is not stressful? the CEO of a company earns a lot of money because he works a lot, the president of big companies earn a lot of money because they work a lot, employees in many companies receive little pay and yet they work a lot, but they don't quit because they know it's very difficult to get another job, bank employees earn fair wages but they work a lot, their job is also very stressful, but they are working until they are old, because they know that although their job is very stressful, it is still very difficult for them to get another job. So trading is not stressful, people shouldn't complain when they have the opportunity to make money, because at least they are making money, there are people who don't have the opportunity to make money and are living on the streets


 

and since when do people get jobs they like? Nowadays, even in first world countries, there is a huge lack of jobs that forces many people to put their interests aside and work wherever they are accepted and stay in jobs they don't like until they get old, because it's not easy to get a job. If a person can make profits from trading, then it doesn't make any sense for that person to give up trading, even if they keep trading until they get old, because at least that person has the opportunity to make money, as I said: there are many people who don't they have something to eat because they don't make money, they don't have a job


Even in real life there are thieves and scammers and in this market, it is evolving, we are not in the 2020s, every year good exchanges are having owners who are not anonymous and are complying with the regulations made by governments, which allows for the security of users. people's funds and shows more seriousness on the part of exchanges. so people just need to choose trustworthy exchanges

First your points is right about most stressful with trading if floating position or must be holder after price dropping, but if get consistency earn much profitable actually trading will be most enjoying and potential become lifetime job. Not get pressure yet we are boss in trading and easily controlling the time when have to trade or get holiday.
Seems your points about trust issues with exchange indirectly you little agree for making much profitable with trading, learned with FTX scam,
I think have many exchange with good trusted issues exactly every local exchange have get government regulation. For global exchange Binance still lead on the top leader have long time operation and no doubt trust more with that exchange.

You caption is very neat but the content is somehow contradicting the topic. For self-employed trading is not even a job but it is a side hustling but whereby you hired by someone to trade for him or her then it becomes a job and even at that it will depend on the time the person needs your services. Is it long term or short term? Yes trading is stressful for newbies who have not really understood the system then the second set are the people with large trading amount because they are always on the system to monitor their trading so that is true. Trading is always enjoyable because if you make profit even small amount it is okay and if you are not losing your capital bthennir is okay.

And for the trust and Scam, that is why when you are trading use legit trading apps to trade and don't keep your funds in your trading wallet and only the amount you are trading with because most of the trading sites are own by scammers. So they can close the app or the site at anytime.

Trading is not a main job that can always provide income, the possibility of risks that cannot be fully tolerated is always a problem that makes people reconsider their intention to make it a main job, and this is why people usually prefer to make trading a side profession to increase their income. And I think this is actually everyone's choice, you have said the right thing that trading is not always easy to do, because it is very draining on our minds and also mentally when we analyze a market.

It is true that when a person has entered old age then it is certain that they will experience a decline in thinking and remembering things so of course it is likely that trading will be increasingly difficult to do because the situation is not possible and most likely we will probably experience more losses than profits regardless of those of you who are experienced in the world of trading when you enter old age.

Points well taken but it possible to shape trading in a way that it stays for the long run.

By keeping yourself limited to bitcoin and only long term holding you are essentially taking it slow and calm but making profits as well. So that negates the first two points. Also an exchange can turn scam but most of the big ones are fine for some time, it would be bad luck if they turn scam or exit.

Most people dont get trading, so I dont expect most of them to run it for long either.

to be trading for entire life, definitely can be done, the question is, are we really have the will to trade until our entire life? considering that trading is exhausting activity where having mental stability is matter a lot.
many people don't like trading as a job for the lifetime because its just not really an activity that they are looking up to.
they just want some good easy to do job when they are already old, with trading, even if we are making money and im talking about good money, there's still a big chance that within few times forward we might lose a money due to volatility, definitely can't do that when we are old enough.

Only around 40% can make a profit from trading and in my opinion this is achieved by professional traders where they can get losses of more than 50% even though they only show the profit side to the public through posts on social media.
From experience, professional traders don't always make a profit, so if we think about it, making trading a lifelong job is not a good decision even though I have mentioned that it takes a lot of time and focus to learn things that can make a profit.

As you get older, your mind also declines. So here we can conclude that trades work which has a big risk rather than the desired profit.
A good decision in the crypto space is simply investing in Bitcoin. Another small part is on coins like Ethereum and other potential coins that follow Bitcoin.

Basically, I agree that trading is not a lifetime job, because trading has a lot of risks. I also suggest for people who want to try to focus on trading to have other income, whether from work or business. However, when you are successful in trading, don't forget to develop the business you have, or build a business to earn other income. I think that trading is not suitable as a job for life, but it can be an income that can encourage us to achieve financial freedom by using profits from trading to support the businesses we have which is suitable as a job for life

It can be, I know a lot of people who just trades and does nothing else, I think that is quite important. I get that it may feel like it is not a big deal, but that is just the way it is if you ask me.

I believe that most people are looking at trading as something that has ups and downs and think that it can't be a sustained thing, but there are so many professional traders who make a lot of money from just a small amount of trading. I know people who trade just half an hour everyday, make enough money for the day, and stop. They do this everyday, and even not work during weekends as well (even though crypto trading is 7/24) and that is why I think it's quite possible for a lifetime job. Doesn't mean it's doable for everyone, but it's not impossible anyhow.

No trader can always make a profit. They must have made mistakes, which requires them to keep learning. That difference makes them professional traders that other traders cannot do.

Professional traders do provide courses to people who want to learn. But these people don't need to learn trading from these traders because they can find lessons about trading on the internet. In addition, enrolling in the course requires a lot of money, so they should use the money to practice the skills they have learned.

By learning from other trading sources, they can improve their trading abilities. They also have to practice the lessons they learn because that's where they can improve their trading skills.

That is why if someone wants to make trading their life's work, they must continuously study trading. It's difficult because the market will continue to change, making them never stop learning. But the results will be worth it because they can follow trading movements well.

They can make profits even though the market situation is not good because they can still analyze coins that move up and down. Even though the market moves randomly, they can still follow it because they can analyze it. They can also manage the stress of trading because they have learned stress management well.

It's not easy to become a professional trader, but that doesn't stop them from learning. Especially if they make trading their job, they know the risks, can accept them and divide their time well.

Reality is, if you’re a well experienced trader and gets maximum profits everytime, then I should say you must be destined in trading for long. But let’s admit it, not all traders are good enough, majority are still trying hard in trading and still end up with inevitable losses. With this kind of traders, it’s obvious that they should not treat trading as a lifetime job, otherwise they will only regret why they push to risk their funds in trading when they can buy and hold with less risk and less stress, and they can still be able to get the same amount of profits if they are good hodlers.

While trading can be a great source for huge profits, but we all know that will also require a lot of risks and efforts so that you will come up with successful trades. If you don’t have full focus and attention to your trades, you will end up with undesirable losses, which will eventually make you feel frustrated if it happens consistently. This is the reason why it’s certainly hard and risky to come up with a successful trade, unless if you are not a professional trader, you will never be profitable in this kind of career. And trading as a lifelong job can be very stressful, that’s why only few have managed to be lifelong traders, while others only do it as a side hustle.

That's why it takes not just knowledge and skill in trading in order to survive on it and in order to fo it for a long time, you need a lot of paatience and deidication in order to earn efficiently and in order to endure the emotional, mental fatigue in trading, but if you are going to accumulate a lot of experience and be more wiser in trading then you know an easy way in order to trade efficiently even not looking at your trade 24/7 or trading every day, many experienced traders are appreciating the concept of long term trade meaning they will open a trade that is based on their analysis and will set the trade in long term in order to maximize the potential profit and the traders doesn't need to keep on checking its trade he can just wait for the desired TP or take profit.

I even thought, what kind of job is an all-life-time job? Because, there will definitely be a certain period when someone stops their job, then just enjoys life in their old age. Or, for example, if you still have to work, then the work will be adjusted to your age, in this case it depends on your ability and your physical condition and mind which are already old, both online and offline, this law applies. So, it's not just about trading.

However, I personally agree and think the same way. That trading is complex and full of pressure because the risks are high. Therefore, if you trade alone, as time goes by, the level of effectiveness and continuity in trading will also decrease. Even if you use the help of a premium AI bot, it will definitely continue to decline as you get older. Funds and era where a trader will retire from his own trading (not trading with his own hands). But all he has to do is enjoy the results of his hard work from the trading he has done previously. So one of his hopes is to continue to have a lot of retirement funds so he can enjoy his old age more peacefully without having to think about trading again.

Some of your reasons are very reasonable, but I would choose to stop trading when I have accumulated enough profits. Trading does take more energy, time and skills, but if I wanted to stop then I would choose the investment route instead of forgetting about it.

Investment will clearly make experienced traders feel comfortable without dealing too much in front of the monitor. They can buy on a bearish cycle and hold for the long term while enjoying the previous profits they made. In essence, investing tends to be better for traders who are bored of carrying out their activities in front of the monitor.

On the time that you would really be that doing trading for a while and able to survive those ups and downs in the market then it would really be that impossible that you cant really be able to notice out something
on which it would really be just that pertaining about market movements. It might be that stressful at first but on the time that you are getting used to it then you wont really be finding it to be stressful.
It is really just that part of trading on where it would really be able to have that mixed of emotions on which you would really be ending up on having those kind of unnecessary actions or decisions to be made on.
Trading and making it as a lifetime job? You would really be needing up the skills for you to be able to sustain yourself into this unpredictable space.

One of the things that you would really be needing up to consider is that this market is moving on a random way, technical and fundamentals doesnt work anytime or simply 100%.
You would really be that needing to make out adjustments basing up into your own approach and analysis.

You are right that most oh all trader here will disagree with you on those point you mention here.
Can you give me an example which work has not any stress ? I think that all work will be stressful for an unskilled person, but it will not be stressful for a skilled person. And after a certain age all people retire from their work.
I think the enjoyment varies from person to person. And not all people in the world like programming, some like construction work, and some maybe trading, I want to say if you don't like trading then you shouldn't do trading. And I also think that nobody should force you to trade.
This can be a fact for short-term traders, because most people have this fear since the crash of a big exchange like FTX. But I don't think it's a concern for long-term traders who use decentralized wallets.

1. If you are someone whose really that emotional then not only trading will really be giving out that kind of stress, anything that involves losing money does.

2. Dont do things that it is really that out of your passion or simply you are really just that doing this because you are aiming on making yourself that rich or making it as a last resort for you to
make money. There are things in life on which it would really be needing for you to dedicate sufficient time and effort.

3. Stick with known and reputable exchangers but the one thing golden rule that you should put up into your mind. "Never leave your coins on centralized platforms"
   "Not your keys, Not your coins". This is always the main line or rule that you do put up into your memory all the time.

Seriously trading is not really a easy activity, it’s kind of stressful, and it requires critical thinking, which is having negative effects on our mental health, some old traders might not give up on trading completely, but they might not be trading often, they won’t really be desperate to make money from trading, most of them will be trading whenever they feel like.

Do you think traders are not earning well? Then maybe the person doesn’t know much about trading yet. I disagree with you that traders are not earning much from trading, I know their is a great risk in trading, and you are definitely going to lose money, but if you really know how to trade, then you will also make profit.

As long as you are not leaving coin on exchange for a long period of time, then you shouldn’t have problem with exchange. Leave any amount you will be trading with their, and whenever you are going on a break, then withdraw all your money from the exchange, if things goes wrong with the exchange, then your money is not on the exchange.

OP, stocks may seem dull in trading, the same can't be said for crypto. When you mention exchange scams, could you provide more details? Lately, I've been sharing tips on identifying reliable CEXs to use and what you check to steer clear of those that are not reliable. It's crucial to check if they consistently update their Proof of Reserves (POR) at least monthly, like how Bitget and Binance does. Additionally, consider factors like the presence of cold wallets and their overall improvement over the years. Staying informed about the CEX you use is essential.