Topic: Trading is not a lifetime job. - page 7. (Read 2979 times)

Most of the people are assuming trading as a regular job but they forget that a regular job is just for five to six hours while for trading you will be active for 24 hours because the market price can change anytime. Regular jobs are beneficial in terms of salary because it will allow you to give a salary even if you are sick and will give you pension when you become unable to continue a job while in trading if you trade accurately you will be rewarded otherwise you will lose your own money due to wrong selection.

Health is wealthy so if you think that trading is making you more stressful then don't trade because due to this stress your health will become worse. Trading can give you more profit as compared to a job but in a job there is no chance to lose money while in trading you will be completely at risk and there will be chances for both loss and win.

Exactly, meaning that nothing is impossible if we want to try and process, the idea of wasting time only when what you do does not produce anything, especially money, therefore you must really make wise and firm decisions in the sense that if you really want to try to work in a field then you must be totality, because as the saying goes that the process will not betray the results with a note if we do it with hard work and good consistency.

It is a fact that everyone has to sacrifice whatever they have in the process of struggle such as time, thoughts, money that is made as capital and maybe even health, and this can also be the reason why most people fail in the world of trading because they have limited knowledge due to learning something not with seriousness or intention and strong determination influenced by several factors such as laziness. And on the other hand I would also say that pressure will more often occur and be felt by a trader who does have poor risk management, such as those who have not been able to control themselves along with maintaining their mental and psychological properly, so for the problem of whether trading is a lifetime job or not it depends on everyone's perspective.

I strongly disagree with you with the first one.

The reason why I'm opposing to this is because, for those who are passionate about trading, have a strong understanding of the markets, and possess effective risk management skills, trading can be a fulfilling and potentially lucrative career choice. Many successful traders have built long-term careers in the financial industry, managing their stress levels through proper planning, discipline, and a focus on continuous learning and improvement.

Your time won't be wasted if you are earning good. However, it is true that you will consume a lot of time on this activity. And before you can really get nice profits, you definitely spent a lot of time on this. This is why mental and emotional stress are common on this side. And so is your health. As sleepless nights are very common, if managing time is hard for you, this can cause a lot of stress on you. And doing it for years? That would mean a lot of stressful days. So yeah, I can agree, this should not be a lifetime job.

I’ve never heard about trading platforms going bankrupt but I acknowledge it’s possible. However, I don’t think it is frequent enough, isn’t it comparable to how we can talk about crypto exchanges going bankrupt or is it more frequent than that? However, this doesn’t stop people from trading because there are still many people taking on the it despite all possible risks.


For me, I have keen insight and maybe talented. But I don’t think I’d want to focus so much energy on analysis. Being able to control yourself from making greedy trades is another topic on its own. 

Yes, you should budget responsibly when doing this job, otherwise you will lose a lot of money there. For those who are inexperienced, I think they will experience defeat after defeat in their trading. What does that mean? It will be easy for them. to survive if the trades they make continue to make profits? I think trading is very difficult to predict, let alone survive, even someone who is an expert can sometimes still get trapped in the market.

Is there actually any job that is lifetime? Even if is the so acclaimed government job that has higher job security, at a point in time you would be retired. So there is no job wherever that is lifetime. Even if such a job exist, no one will be strong enough to work till their lifetime. Many people try to work for some period of time and allow their money to work for them for the rest of their life.

But for cryptocurrency trading, a good trader can actually be earning even in their old age especially if they are making profits on the long run. Trading does not require physical strength rather is mental strength. So even at old age, in as much as you can watch your screen you can actually be trading. However, I do recommend that a trader should have another source of income which is not passive and not to depend solely on trading.

honestly there are stories in twitter about top trading went bankrupt as well, the people that used to make profit by the hundred thousands suddenly losing their millions within few trades, even success is not permanent too, what matter is understanding key principle of trading and also money management, always consistently making profit doesn't mean we gonna be making profit consistently in the future and having experience doesn't mean we can figure out the ins and outs of every market pattern.

sometime trading just doesn't works and some people are better off with investing long term that guarantees more safety.
but for the people that have keen insight and somewhat talented, most of the time trading will work for them, we can easily judge whether it also works for us by just trading and figure out after a full year we are in profit or not, by then we can determine our capabilities.

so far from my experience the people that have been successfully making bunch of profitable trades are people that are rich and only use spare money for their trades, at least thats what I know from trader that aren't degens shitcoin or meme coin speculator, they make profit from their spare money to avoid stress when trading so to speak, since you know the burden of looking at that unrealized loss when using important money always feels suffocating and can influence psychology while in trading its all about psychology that can help you make profit.

reducing pressure by using money we can afford to lose honestly helps tremendously sometime people just don't care about this little detail but it does really matter.

Professional traders have different mindsets and different trading styles. Not everyone can be a professional trader, there are very few traders who are very successful. Their thinking, their patience, their market analysis process are all perfect so they succeed in trading. A characteristic of new traders is that when they first trade, they lose money and get confused and don't know what to do next, although I have seen many cases where they start trading again to recover the lost money and still fail again. A new trader never thinks why he failed, new traders fall behind because he doesn't research his failures. You will start getting success from trading only when you can correct yourself from your mistakes.

Yes, it's not easy to trade if you don't have savings or other permanent work that guarantees your daily finances. Hanging up a job in trading can be a time bomb if at any time market movements are unfavorable. I would be very careful about piling money into the crypto market if there is no money in the hold.

Everything you say in this op is probably your assessment, and maybe it's your experience, maybe because you didn't study well what the depth of crypto trading really is. Maybe you're in a rush to make a quick buck here in the crypto space, so that's what you're saying.

Therefore, what you say to me that trading is stressful is not true. It is possible that when you were doing trading, you were stressed, and you did not expect that trading is such a thing that you can easily get good earnings from it. Another thing is that trading here in the crypto space is not dictated by anyone here to trade; rather, it is a matter of choice.

Also, if you are not happy with trading, maybe it's just you; don't feel bad, because I'm also a trader here in the crypto space, but everything you mentioned is the opposite of me, although I admit that trading is not easy to understand.

A trader is always advised to secure a permanent employment first and then take up trading as your alternative career. The permanent employment you will have will support your family and your financial situation and the money you will earn from trading will definitely be an additional income for you. This is why permanent employment is talked about without giving full attention to trading so that you or your family are not in any uncertainty. For example, the fact that you will make a profit by trading is uncertain, so when you are based on this uncertainty and later when you have any danger or large financial needs, you will not get those money from trading. Since the working period is eight hours to 12 hours, during this time we can spend the rest of the time for trading.

Some believe that top traders stand out from the rest because of a certain mindset or character trait. It doesn't matter if you get the right education. New traders are more concerned about where the market will go or how much profit and loss they will make after taking a trade. They are out of our hands and there is no use in thinking about them. Focus on things that can be controlled before trading.

It can be quite stressful if you’re new to it. But if you’re experienced, you’d have gotten accustomed to it to the extent that you’d think it a normal process. Don’t forget that there are traders who are making really huge amounts of money and are following strategies that helps them win more and lose less.

If you are a trader, you may want to know how other traders have been in the field for so long and how the acquired all the wealth they did because all of that came from trading, and it shows that they make good money from it.

I'm not really agree with this. The stressful days of a traders is when they are starting. They have to overcome their loses because that is normal in trading and if you don't have a nice mindset and let your emotions control you probably it will result a severe stress on you. The beginning of your journey in trading is the stage where you have to survive those uncomfortable things that happened to you. If you can survive in a year of trading with a profit, then probably the stress is starting to disappear. So if you become an old trader then probably a profitable traders which means it's easier for you to make money because you already have an edge.

And I think this will really depend on a person's desire to trade, because anyone can trade as they like and it will be difficult for someone to survive for a long time in the trading they do if they keep failing and it will be easy for them to survive if the trading they do continues benefit.
For some people who make trading their life's work, of course they understand well what they are doing and will not be burdened by the things they do because they love every process they do in trading and to be able to do it of course they must have experience and understanding. who are good at the trading they do.

Oh, bro, I am glad you naturally have reservations about what you alleged. As for me, I am surprised about what you wrote concerning trading because most of them are particularly not true. Fine, trading is risky but today, there are a few who could tell you categorically that they do nothing for a living other than trading. In that sense, what is that if not their job? This is simple and practical. I know a few of them that are traceable trading alone and they are very living fine. Not only that, they are living large and some are adding other businesses to it to be impactful in life other than trading alone. The internet should be able to tell you a few as well, and if not for my side hurtling now that can't make me say it with all confidence, I should be a testifier to this as well by now in my little way. I have survived with trading for almost a decade, there are challenges though especially if you are from a developing country, but overall, I am very sure that trading is a job for some people, but a risky one for that matter. That's the issue.

However, below are my quick responses to your numbered claims;

1. Trading is not stressful and you have your choices. You may be a short-term trader in which day trader is inclusive, a medium-term or long-term trader. With the latter two, you will not even know you are doing anything. However, retirement is certain at a point if you want and it is not peculiar to trading or a certain age.

2. Trading is ever enjoyable to those who know it very well and earn from it. But if you are such that has it otherwise, then it is not for you and it is never by force. "Trading is not for everybody."

3. This is why you partner with the right company. It is never an issue as well.

Trading is never a lifetime job, well said from view.
If it is not for you does not mean others will not take it as a lifetime job, there is no mental stress once you fall in love and develop passion for Trading, our daily jobs, routine, and other activities are also mental requiring, what about individuals practicing professional courses.
You see, am not against you because everyone is entitled to there opinion but Trading is not that complex as we profess it to be.

Indeed, as long as you have that mentality and you are willing to do your best there's always a big chance that you will succeed, though same with what you mentioned there are lots of people who loves to learn and be successful but not more will succeed, it's just the matter of you being responsible and how you will handle all the risk, trading is not a lifetime job but it can be the best source of your finances, if by chance you learn the best practice that will lead you to harvest the success that you are aiming for.

Yes you are definitely right, trading is never a lifetime job. There are many reasons for this, such as mental stress, always worrying about profit and loss and always being at risk. Because of which no one makes it a lifetime job. After earning enough profit from trading they try to earn this money by investing in different places.

If you don't trust the exchange then you can keep your coins in a non custodial wallet instead of the exchange. Your coins will be safe. Collect money using exchanges only when you need it.