Topic: Trading is not a lifetime job. - page 9. (Read 2991 times)

It depends a lot on the trader's mental state and patience.  Trading is very difficult to master. Not everyone succeeds in it. Then many give up.  You have to trade with the acceptance that there will be loss in trading. And trading can never be kept as the main means of earning.  I think it is wise to continue trading alongside a permanent job.

Yeah right, it's reality that we have emotions and feelings that's been triggered, especially when things is not working according to how we anticipate the situations, most of the time, you're getting bored as you are waiting for quite sometime and the market did not push thru, we can't conclude or there's no accurate time frame as it's more on how we anticipate and how we continue our research to keep that positivity alive, we just need to have that set goals and the kind of motivations that will allow us to handle all the pressure including those emotional stress for us to able to continue and find it worthy to move forward and work more for our success.

Part of our emotional battles in trading, we're prone to that state of feelings and reality talks particular situations.
Though we find it stressful and not enjoyable, the essence is still meaningful as we move forward to our career.
We can do it by means of part time involvement, not totally doing it as lifetime if you don't have enough capital to invest for holdings.

Trading is not really easy to do, even if you know something about this matter when you observe the movement, and somehow you will also be stressed in the end because of its unpredictability in the market. So if you want to trade that the timeframe is 10 minutes to 30 minutes, it's a bit inaccurate what will happen if you do it that way.

Even if I somehow know a lot, I'm still often confused because of that concept, especially for those who are just starting out. Then, if they start with futures trading,
they will be more confused, for sure.

Trading success gets easy due to knowledge and experience and without these two you can step into trading but the success will be rare. We can only get success if we choose a good coin, have knowledge, experience, capacity to identify the ups and downs of the market and have skills to read the market chart.

Trading gives you profit if you trade well but there is also no surety that after complete knowledge and experience you will 100% win in trading because sometimes our knowledge is accurate and our coin is good but the market is not good with us. Therefore try to choose another job too so if you cannot benefit from one then another way will be there for you to get money from it.

Apart from the Mental health which I dim fit to be useful, when it comes to Trading especially at old age. The rest aren't worth listed, they are subjective to the Trader and doesn't in anyway correlate with your Topic that Trading isn't a lifetime Job.
Trading can be a lifetime Job for another, side hustle to another person either ways I don't see our Job too to be lifetime there is always Retirement so it is but when it comes to Trading you choose when to exit or become present. So Trading become lifetime or not isn't decisive by anyone to another.

If one is good in trading, is there any reason to go get a job again? We all want to make money especially being an investor and if we are trading and making money for ourselves then we might not have the intention to go look for work rather trading more frequently so one can take care of different bills to earn in the market. Trading could be seen as a lifetime job if we are actually making good profits that could be used to create more businesses and investments that would keep generating more income with time.

Trust a trust is an important part of any exchange, traders need to be sure that the money they are investing will not disappear and there transactions will happen without favoritism. Unfortunately, these have given rise to countless scams in the cryptocurrency community. Traders trust no exchange too much and certainly not a well first rank one like Binance!

There’s a reason for that. Exit scams are common, where an exchange mysteriously goes offline and takes all its users’ money with it. So-called “exit scams” have made headlines over the past few years, as several exchanges — including Mt. Gox and QuadrigaCX — suddenly fell and left users empty handed.

Its possible but its not something that you would really be able to make yourself that reached out this kind of situation on which if you do plan on making trading as your main source of income then make it sure that you are really that making money or profits and could support yourself despite of the volatility or being not sure kind of market on which this is the biggest challenge that you would really be able to encounter when dealing with the market. This is why make it sure that before you do resign with your day job then be sure that you are really that sustaining yourself when making up trades.

Honestly speaking on which this is something that we are really that all trying out to reach such condition but of course it will really be taking up some time and would really be needing that sufficient experience
which do came from your engagement towards the market. It might not be a job or such replacement but it could be possibly happen if you are really that good to it.

Recently in my social media I saw a lot of content creator doing a full time job in trading yes it is not a consistent way to earn because we know the market is volatile and there's a chance you might lose your money with just wrong decision making unlike having a job just work with your shift and get paid every cutoff. Actually for me it's not ideal to become a trader if you only have one only source of income, could be trading as one of the other source of money. Imagine the market doesn't have an active price movement and you are not quite sure if you will get a position you will take home nothing for that day.

Considering the trader typical if become expert and got much experienced trading become their main job with consistency earn much profitable as short term or long term way. I little disagree with some opinion about trading is not job because some thing has possibility earn passive income could the list of job without have to work on time as usually for offline job. Actually all kinds job or business has risk not only with cryptocurrency trading but also all business always has risk depend on smart of us to minimalize with low risk and earn much profitable exactly with trading.

Most of trader leave their offline job and focus for trading in cryptocurrency or other trading kinds platform to be their main job, has more flexible time and can manage well any where or when ever we want make us easily make trading as main job than offline job. You can make little survey in this forum how many trader or user leaves their offline job focus with cryptocurrency trading as their job and earn more bigger payment salary than receiving from offline job.

lol,you are making sense,I agree with you,but also agree with me that not everybody can trade.I know it supports you,and it isn't a supposed to be a lifetime job,yes.You talk like you gain a lot from trading, although I know the different strategies we use makes us either win or lose,and there are some persons that win on daily basis,while some lose on daily basis,we avoid it because the number of times we loss are greater than the times we win, therefore,for people like me who doesn't win as much as you do,will definitely consider it as something that I can't do for a lifetime,rather it will something I will do once in a while,or when given the right strategy to use which will make me a consistent winner.

I hope that trading can open up other business fields, be it real or online businesses. We can diversify the money we get from trading into other types of business. with more fields, our finances will be more secure. because I also agree with the statement made that trading is not a lifetime job, so we must be able to make the best use of the opportunity

Yes I agree with the idea that trading is not a job, but as for the question of whether trading can be a lifelong activity or not I think for this problem it comes back to each choice, meaning that I understand that trading is indeed not a job or cannot be made the main job to make ends meet because after all trading is a risky activity and there is also absolutely no guarantee that you will always make a profit in every session you do and this is the reason why trading is not recommended to be made the main job.

But for the issue of whether you can be involved in trading for life or not actually it depends on your choice, as long as you do not get any problems and as long as you think trading can provide you with additional income then there is nothing wrong with staying involved in trading activities, but otherwise if for example trading actually makes you experience a lot of financial problems for some reason then obviously it is better to stop and not make trading a lifelong activity.

Yes, I agree with you. Trading is not a lifetime job, but Trading is one thing that can support man in different fold. You may not have much interest in trading, but the little you learn was support the knowledge you already have in different aspect of life and was supported. Yes, Trading is something different. It is good you are also engaging different thing. Get more understanding in different aspect of life before going into Trading properly. Even you going to Trading also understand different as butterfly. I may not have the code understanding to explain this better, but I’m trying to make some point.

On the moment that you do learn up some skill then this is something that cant really be taken from you on which this is something a lifetime skill that will really or could be used on the moment that you will really be tending to deal up with this volatile space which is of course that it would really be that forever kind of skills which would really be that an advantage since you do really know on what you are doing.

Although, you should really be that making yourself be wary that despite of having that skill but doesnt mean it would assure you that you are on the safer side of things on which we do know that on the moment that you would really be finding yourself on such condition where market have different conditions and variations on which it cant really be able to make out that kind of sure profits. It would really be that still depending on how well you would really be hovering yourself into this space. If you cant be able to make up yourself that be sustainable then try and try until you would be having that a good grasps of it.

Trading might not be a lifetime job but on the moment that you do able to get the overall idea and skills that you would be having then this is something that an upperhand
on where you are wary about on the things that you would really be needing to do.

Yes, if you have the basics knowledge of trading  before joining trading, it will not make you stressful than to make you strong because you have acquired some skills that will make it easy for you to operate for a long period of time, which is possible with the knowledge you have.

When you understand trading, you don't allow any pressure to come close to your mind because you know that the bear run will not remain in the market forever, which are some of the things that will make you to stay long in trading because you are not afraid to trade in the bull run.

That is why is advisable to traders to have other sources of income before going into trading, because it will make the trader to use other sources of income to sustain until the bear run leave the market.

No job isn't stressful. It depends on how to deal with the difficulty on the job. If we can deal with it, we can enjoy it without having a pressure. As long as we don't set a minimum target to reach daily, I think trading isn't very stressful job.

Sometimes, we must evaluate our trading activities. That's will help us to fix the problem in our trading. If it seems not enjoyable anymore, there should be a problem in our trading. We need to fix it soo, so we can still enjoy it. Instead of quitting trading, why don't to try fixing the problem? So we can enjoy t again.

That's why traders never store much money into exchanges. After we do trading, we can send again everything to non-custodial wallets. Also, we must be careful to choose coins for trading. If we don't trust new coins due to scams issue, we can choose top coins. I think it is only about how we do trading in a more secure way. Choose the most secure way!

It is actually okay to be involved in trading until retirement or until you are old, and what is not okay is to make trading your main job as I said above, because trading is a choice and everyone has the right to choose about how long they will be involved in trading as a trader, and I don't think I have to explain again about why I forbid anyone to make trading their main income in life because I said it above.

But let's remember that trading is a risky activity that can make anyone lose a certain amount of money especially when the predictions do not match the ongoing market conditions or when the market is very volatile. On the other hand yes it is true as you said that trading can be used as a financial strategy, but however as I said earlier that trading is only recommended to be used as an additional income and not the main income regardless of whether you want to be involved in trading until you are old or not.

A trader must know some basics to run a trading business. If they don't know about those things then they can get bored or stressful at some point in the trading business. First of all the trader should know about this type of trading. Moreover, one should know about bearish and bullish movement in this business, especially what kind of action should be taken by the trader in between these two periods. Those who take pressure in trading business will never get good returns from this business. Patience is one of the most important aspects of success in this business. It will not be a source of annoyance if it can be enjoyed without taking it as a stress. A trader needs to prepare in advance how to handle himself in a bear market. For those who do not enjoy trading and only consider it as a source of income, it can be a stressful business.