Everybody I become more convinced that crypto trading should not be fully relied on as a sole source of income, because of the elements of gambling in it, because despite all your experience, loses are inevitable. I always tell young people who are jobless that hears hypes about how crypto trading can make you very rich, I tell them that it's true, but that it's hard and risky, also not a job for jobless people. I agree that trading shouldn't be a lifetime job, because there are chances that you can end up with nothing after all the years of money and brain drain, it's better to be a trader with other sources of income and let it be an alternative source.
Trading may only be good as a side hustle but it will never be reliable enough as a main source of income. Simply because despite of your trading expertise because of your huge experience in trading, the market remains unpredictable in the end which means you still have no full control of your trading outcome. Although well experienced traders can maximize their profits in trading, but the fact that the market is still unpredictable and uncertain in the end, then these traders will still be prone to losses. That only proves that no matter how good and professional we are in trading, still the market can’t be beaten. 
Topic: Trading is not a lifetime job. - page 9. (Read 1295 times)
Older traders make it to an old age on the job because they have a higher level of tolerance for stress, but it's not unlimited, and the worse it gets the worse the breakdown.
I for example after managing to cling for years, I just woke up, opened the laptop and I said to myself I can't do it anymore, I simply can't, my brain would not allow me to even dare on thinking on let alone concentrate on what's happening!
I also don't worry about some of the bad things that will happen to old traders, I for example after managing to cling for years, I just woke up, opened the laptop and I said to myself I can't do it anymore, I simply can't, my brain would not allow me to even dare on thinking on let alone concentrate on what's happening!
because they are also human beings who have emotional instability.
But they are more aware of the level of risk that will occur, and of course they will get used to it.
Unless the market really cannot be predicted at all and false trends change.
If you can't hold on any longer, of course, you have to put a limit on where you have to sell.
You don't have to hold for a long period of time or your whole life, it's about profits and if you've already achieved those profits then sell and take those profits.
It's a risky job so you can't manage it for the rest of your life even if you want to and you have to bear such huge losses. I want to trade in crypto until i have accumulated enough money to support my life. But there are many people who prefer to be in crypto market than real life profession. This world is changing very fast and now a person does not attach himself to a profession because one has to save energy in real life profession. But people trade according to the demand of chad so it can be crypto or real based thought.
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.
1. It is stressful only to those who are not putting in the work. That is why only successful traders will last because they adapt to the changes in the market. They study markets and master themselves to hone the discipline how to properly approach the market. They didn't see the market as stress but a gold mine of opportunities.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.
2. It is definitely boring. It should be. But who cares how boring it is if you can make $1000 a week. If you want to earn during bear season, just learn and study how to short positions. You are just limiting yourself OP.
3. That's is why it is advisable not to put all your money but only your active tradeable asset on exchange and accept the risk.
There's is so much uncertainty in market, that is why it is most rewarding when you are doing the right thing.
These days it is difficult to talk about any kind of lifelong job. The world is changing very quickly, and now a person does not associate himself with a profession. He understands that his personality goes beyond mere function. This is why people change jobs, because at different times in their lives they feel different needs and manifestations of themselves. It's the same with trading. This job is not forever, because over time your priorities may simply change.
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.
The points you have mentioned only apply to forced traders which means people who are trading when they don't have an interest in it but are doing it because they have seen others getting profit from it. You can't keep doing something that you don't like doing even if you are earning money from it, so trading can't be a full-time job or a life-time job for someone who is forcing themselves to do it.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.
If a person likes trading in general and they have always had an interest about financial markets be it stocks, cryptocurrency, or any other market, they wouldn't feel these things and they can continue doing it for as long as they want. You don't find it stressful if you enjoy doing it and have enough understanding about how you should do it.
Many traders suffer from mental health problems due to the volatile market and some even give up because they have lost a lot of money, especially in futures trading, many people experience depression due to their failures in trading.
Earnings are not good then obviously they will not be comfortable and even abandon their trading activities because they lose a lot, a bear market where many people fail including those who are professionals, but there are also traders who are able to survive for a long time.
The exchange is enough only to carry out trading activities, if you have traded and kept profits on the exchange then it is the same as keeping the risk in it, it is too naive to believe in a large exchange even though it thinks it will never scam.
Earnings are not good then obviously they will not be comfortable and even abandon their trading activities because they lose a lot, a bear market where many people fail including those who are professionals, but there are also traders who are able to survive for a long time.
The exchange is enough only to carry out trading activities, if you have traded and kept profits on the exchange then it is the same as keeping the risk in it, it is too naive to believe in a large exchange even though it thinks it will never scam.
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.
Those who think that trading is an easy task this is completely mistaken. Because trading is never an easy way to earn money. A trader needs to acquire sufficient knowledge for trading. Every trade is risky and there is a possibility of losing big money. So a trader is always under human pressure but it does not mean that he cannot trade. Trading is difficult for those who can't take risks. If one does trading along with another job then he can be relatively at ease. When a successful trader learns about trading, he will discuss various positive aspects of trading, but if a trader is not successful in trading, then he will get an idea about the negative aspects. 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 am not a big time trader but I don’t believe in the title of your post and the facts you have to back up your claims about trading. You can view trading as a lifetime job but that depends on how serious you are at it and how you want it to play an important role in shaping your life. Trading can be taken at anytime, whether bullish or bearish days depending on what you’ve analyzed on the market and the direction you’ve predicted to be on in order to get your profit from it. I have seen a lot of successful traders that live their life or trading and it’s paying them despite the risks involved in it. If you find a pathway to success through something, you should ride on that path as your conviction is on it already to make you feel and live a better life.
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.
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.
If it comes to crpto daily traders you might be right about the first, the stress is the reason I gave up trading, for the second it's a it wrong to put everyone in one bowl, there are people who enjoy the adrenaline there are some which are scared , there are some that like to work only with manual things, there are some that only like virtual,as for the 3rd , easy fixable, there are still exchanges that have been around for years and not scammed their users. But if we cut the crypto part from it, I won't agree with, trading is a job, fully recognized, fully regulated job.
Aren't mental problems more vulnerable to new traders?
Since even moderately professional old traders will master their mental health even if there are some losses resulting from misanalysis or sudden changes in trends,
they even always have other options to overcome such unfavorable circumstances.
Since even moderately professional old traders will master their mental health even if there are some losses resulting from misanalysis or sudden changes in trends,
they even always have other options to overcome such unfavorable circumstances.
Older traders make it to an old age on the job because they have a higher level of tolerance for stress, but it's not unlimited, and the worse it gets the worse the breakdown.
I for example after managing to cling for years, I just woke up, opened the laptop and I said to myself I can't do it anymore, I simply can't, my brain would not allow me to even dare on thinking on let alone concentrate on what's happening!
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.
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.
You are actually right about number 1 and 2 above. Trading is not as easy as non-traders see it. Traders invest their time, money and even their whole being in their job to make it a success. This can be draining and it is very normal for many traders to lose interest in trading but only keep up for the sake of the money they earn from it. I know a few older traders who are no longer into full time trading but still earn from trading by teaching others who wish to be traders the skills and I believe a lot of factors must have triggered their decision to quit full time trading. Successful traders deserve all the flowers because they have put in lots of energy to get to that level.
Trading is very risky and to make money from it will be very hard. It is true that it will take much energy from someone and looking at the market and losing has been linked to health issues. Not only that. Also staying watching the market every time has been linked to trading and which can cause health issue also.
You do not need to leave your coins on the exchanges each day after you finish trading. You can move the coins to a noncustodial wallet. If you are good in future trading and that means you do not use leverage, you can use leverage to protect some of your coins on noncustodial wallet.
Even seasoned traders may find trading difficult at times, and the temptation to lose money is strong. If you don't know how to control your greed, you could lose all of your money. If you visit Twitter, you'll notice many comments from users who have lost money in trading and advice on how to avoid it. The majority of them merely take a chance on everything after consulting, not even using stop loss. Trading is risky, and you may see why if you don't follow the right recommendations. You do not need to leave your coins on the exchanges each day after you finish trading. You can move the coins to a noncustodial wallet. If you are good in future trading and that means you do not use leverage, you can use leverage to protect some of your coins on noncustodial wallet.
Checking the market always is stressful but if you getting money from it you won't have a choice than to always check the market to keep track of what is happening. That is how serious people behave. Times without number they have warned that you should not leave you coin in an exchange. Qnd sometimes I don't pity people because they always warn them against keeping money in an exchange.
What is your basis for the following statements that you gave? It seems like the people that you have talked about there have problems and I think it's not connected with the situation in which "trading" is the contest.
It's going to be stressful if you don't control your emotions. Without proper training, it will lead to losses that could cause stress as well.
It's going to be stressful if you don't control your emotions. Without proper training, it will lead to losses that could cause stress as well.
I still don't know why you listed this above but I must call your attention that whatever thing you are doing as a skill, job or work you need a retirement because people do not entirely spend their lives working all the time. There is time a man will retire in their offices and I believe such is trading, there is when a time would reach you need to stop trading or limits trading because of your health and visualization of watching white screen one could decides to stops entirely because at some point in time when you would began to lose interest in most things including what you like doing most because of either age restriction and can't seat for a longer time to trade.
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.
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.
On crypto trading? Absolutely since crypto market is highly volatile due to lack of regulation. It’s very hard to have a consistent profit here especially if you are trading altcoins that has a high risk of turning a scam that will delete all your profit in one wrong trade.
Investing is on Bitcoin is the only thing that can be considered as good for lifetime here in crypto but the rest of the tokens has the tendency to become valueless with one shit move of its creator. The absence of Satoshi on Bitcoin picture is a blessings since it removes the potential failure due to creator which all the dead project now common reason.
1. It is quite stressful - old traders will soon give up due to mental health problems
Aren't mental problems more vulnerable to new traders?Since even moderately professional old traders will master their mental health even if there are some losses resulting from misanalysis or sudden changes in trends,
they even always have other options to overcome such unfavorable circumstances.
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.
When the job as a trader is no longer fun, of course this effect is due to the absence of consistent profits, or they always fail or lose when trading. Most of the time we feel this during bear season.
Not about fun, but more about volatile profits and more losses that make one want to quit trading.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.
Nothing is safe as long as you trade on a centralized Exchange, therefore only use money that you can afford to lose, The main asset remains in your main wallet. No one guarantees 100% security because every system will have loopholes.
Trading is not a lifelong job, but it will be suitable as a side job if you still have a main job.
But for those who are already professionals, they have dedicated their lives to trading,
they get consistent profits and make various investments to support the trade.
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.
there are traders who enjoy their trading. and that makes them continue to trade every day even though it is not a job. Day traders also don't spend all day in front of a screen trading. Those who are professionals can definitely divide their time between trading and also their real work.
On the other hand I don't think anyone comes here just for entertainment or fun, if that's the goal then there's nothing wrong with gambling. This is a trade where all traders come with the aim of making a profit regardless of whether they come with the following intentions and goals with the right or wrong understanding, and for me trading is not a job that should be prioritized, because this is nothing more than a profession to supplement income in addition to the main job.
if the traders weren't comfortable with what was being done, they would have stopped. but if they feel comfortable with the trade they are making, whether it is profitable or not, of course they will continue.
there are traders who enjoy their trading. and that makes them continue to trade every day even though it is not a job. Day traders also don't spend all day in front of a screen trading. Those who are professionals can definitely divide their time between trading and also their real work.
there are traders who enjoy their trading. and that makes them continue to trade every day even though it is not a job. Day traders also don't spend all day in front of a screen trading. Those who are professionals can definitely divide their time between trading and also their real work.
Trading not been comfortable is definitely for those traders that have set a larger target to meet by themselves. We have seen traders who trade almost all kind of pairs everyday and treat it as job and with this they are eager to just make it and this drives them to been uncomfortable as they tend to want to win every single trades. Also we have traders who enjoy there crafts they do a set up and allow the trades to run and most of the time they even check the market only in the early morning hours or late nights. Just like the day traders regularly check there are also swing traders who can leave a trade to run for almost a week.
3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.
Only naive traders leave their large funds on the exchange. Many traders usually use non custodial wallet to store their Funds. They usually do not just withdraw daily but sometimes weekly or monthly to their wallets and leave just an amount enough to trade on the exchange.
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.
there are traders who enjoy their trading. and that makes them continue to trade every day even though it is not a job. Day traders also don't spend all day in front of a screen trading. Those who are professionals can definitely divide their time between trading and also their real work.
speaking the aspect of health aside from mental problem it could pose physical problem as well, the straining stress might affect the way our body works, like exposing us to the risk of any disease caused by overwhelming stress one of them is heart disease, really its great if we can stop trading because we have enough money for retirement, but the process is what gonna be mentally and physically cost us in the long run.
indeed i do agree trading shouldn't be a life time job, tis at best should be enough just for side hustle for anyone that are working full time maybe its fulltime job for someone that just committed in trading but for me i just can't really sacrifice health just for the sake of additional money.
as always the key is just to use the money that we can afford to lose so that whatever scenario gonna play out we are not gonna be in massive stress.
as for the 2nd point it does depend on how much profit someone is generating if they just keep losing eventually they will lose interest.
indeed i do agree trading shouldn't be a life time job, tis at best should be enough just for side hustle for anyone that are working full time maybe its fulltime job for someone that just committed in trading but for me i just can't really sacrifice health just for the sake of additional money.
as always the key is just to use the money that we can afford to lose so that whatever scenario gonna play out we are not gonna be in massive stress.
as for the 2nd point it does depend on how much profit someone is generating if they just keep losing eventually they will lose interest.
Jump to: