Topic: Which do you prefer - page 6. (Read 1368 times)

Yeah Im from developing countries get job here is kinda hard and low skilled job doesn't pay enough.


You don't get the point, like I was said before trade is risky and sometimes loss is inevitable the other business is just for the backup plan when trades goes wrong Trading is High Risk High Return so it always good if we have low risk low return too

I agree that if it permits us to do both which is have a stable income from a job while also trading or others that has the capacity to give you higher profit. In this way, you can be secured since you have a constant source of income which is your job that is enough to provide your needs and wants. The trading and other side hustles can be a form to help us be financially secured so that we can diversify our savings and investments that is important in the future. So, it is really best to maximize everything as long as we are really capable of doing so since it is a great opportunity for you to make yourself better financially.

for me you can actually do both it's a matter of time management but since if you work as a civil servant from mondays to fridays you don't have enough time to do trading well, you can do it at night if you want it depends on you if you're not tired , but i prefer if you're stable at your job too it's better if you stay on it because it's an opportunity to you since not all can actually easily apply for a job now and the most important thing is you have a degree.

If you are a low risk taker and just want to play it safe, then choosing your job over trading is not really bad. After all, being a civil servant actually makes a good amount of income. However, for some people who have more skills to show like you, then it’s never bad to make use of them at your own advantage. Keep your job and continue trading as your side hustle, that way you will reach your goals in life faster than what you expected. But never forget to take caution when trading as its definitely a high risk job.

Op I will advice you not to quit your civil servant work because of trading, remember bitcoin did not come or was not created to come take over fiat currency but it was created to assist the fiat currency online. That is the same thing with you civil servant work and trading. Trading should not take you government work either the trading should be a supporting pillar to your work.
Both of them are preferable, because all the two support one another for the progressive of the other. It was the civ servant salary was used for the trading and the same thing the trading now is making the civil servant salary to be saved. So all are good.

Since you are skilled in both, you need not make a decision. Keep in mind that trading should only be used as a secondary source of income because, unlike our secure employment, it can never guarantee us earnings on a regular basis. Even if your trade is profitable right now, there is no guarantee that it will continue to be so in the future. Stay at your job and just engage in trading during your free time for the best outcomes. That would be my recommendation so that you can still profit significantly from both.

Both are actually giving significant profits but if I want to take advantage and maximize the profit making, then it’s better to keep them and work on progress for them both. You can’t rely to just trading alone, because there are times that the market won’t let you become profitable even how pro you are, but as a government worker, regardless if you are a newbie or pro, you will certainly received fixed amount of income at the end of the month. But working on it alone won’t never give you unlimited profits, unlike when you prefer to work on both.

Personally, and this coming a little bit from a place of abundance, I'd choose working on my own business instead of making someone else rich. Don't get me wrong, there's nothing wrong with going full-time office employment but the stress and the issues that comes with working for a corporate company, from the commute alone is already something that I'd have a hard time handling. So, for the sake of my mental health and my growth as a person who wants to own an established business/enterprise someday, I'd choose personal earning schemes like businesses and trading assets instead of toiling from 9-5, exhausting myself with the dangerous and stressful commute system of the country I live in, only to get paid peanuts in the process, albeit consistently.

It's normal to earn while working except if the company intentionally didn't pay you but we can always report them. Maybe on some undeveloped or developing countries, jobs there are hard to find. If that is the case then we should value it.

We must not forget that this is where we start so we must not replace it easily only because we think trading can offer nice money because that might not last. The OP is planning on quitting his job so I think he will also do the same on his other earning activities if ever he has it, so that it gives him more focus and time for trading. He will never have an interest in trading if he is already earning decent from multiple sources.

I prefer to try or trade rather than being an employee even though the business sometimes goes up and down because trying has a risk but instead of being an employee our salary takes a long time to increase it takes years that's the reason I chose a business because I learned how to make money by trading because we try not to have pressure a large one like a natural office employee. very high pressure but the salary we receive is not commensurate with what we do I really don't like that
this is just my personal opinion what do you think?

In my country a civil worker is the dream of many people, when there is a vacancy to become a civil servant then the applicants can reach 100x, for example there are 1000 vacancies, then those who register and write tests can reach 100,000, this is because civil servants have many advantages besides salary and facilities , but I'm not interested in becoming a civil servant and prefer to work in the private sector.

The most dumb thing that people do is to resign or let go their active income and then go full time in trading, rich people do not even do that because for them it is a dumb decision. We should have a lot of different source of income if we want to become rich, so for me quitting in your civil job and go full time in trading is not a good idea. It is better if you will still continue becing civil servant and also an investor just make sure you have organized plan that will help you to manage your schedule very well.

I saw a lot of people who regret their decision when they quit to their job and just focus in trading, remember that you only few people who can become profitable in trading so it is really hard if trading is just your source of income. You will be pressure to make money which is really bad because it can affect your trading psychology which can lead you to make bad decisions in trading. It takes a lot of time and it can be took to years just to become profitable and make consistent profit. The really best decision is to pick both and not to let go trading and your active income job. That's what will rich people will do if they are in your position.

Let's be direct. Trading? It's dangerous. Not everyone becomes wealthy. They'll fail. Why this fixation? Quick cash attracts them. Trading is not a goldmine. Success requires blood, sweat, and tears. Trading may give the specialized insight. Thinking rapidly, changing strategies, and assessing outcomes become second nature. Anywhere-useful life skills. Don't fear hard effort or mistakes if you want to trade. It's hard, but if you're determined and lucky, it's worth it.

That is true, there are professional traders who may make money that way, or there are people who use others money to trade in the wall street world for example, all of that is understandable and common as a business. If you are like that then you may make a profit but if you are not like that then you are going to lose a lot.

I personally suggest that everyone who ends up with a profit on trading should be careful because they may end up losing it a bit later, it's not a consistent thing and you need to learn how to trade very well before you start. It's like walking on a thin rope a 8000 feet, if you fall, you die, and here if you fall you lose all your money, would you go up and walk that thin rope without any previous study and education o nit? You need to learn first.

It is not always good days in trading there will be a time that your strategy now are not working that supposed to be and that is the time you need your job for extra money. I do agree that you shouldn't leave you job as you can still trade even in your work so just take that opportunity and take that advantage that you can trade on your phone which means you have multiple source of income that can make you successful and buy those things that you want

Why not combine both at the same time, I don't think there will be any problem running them at the same time. Working as a civil servant has set working hours and you can take advantage of your free time to trade, so you don't have to wait for Friday, Saturday and Sunday or you can use your free time between breaks to monitor trading via mobile.

The point is that being able to use both of their time simultaneously is much better, because as far as I know working in the Civil Service there is also not too much work and instead we work much more relaxed because each work has been arranged. In my opinion, working as a Civil Servant is a job that is too relaxed and can be done with other jobs together.

The choice depends on where you live, in my area it is currently difficult for people to work for civil servants, because the recruitment process is getting tighter and doesn't provide many opportunities for people to work. Most people in my area prefer to work as civil servants and even though it is difficult to get into the job. Meanwhile, talking about working in a company is also very difficult, because there are very few companies available at my place.

In the end, people will decide to work as freelance workers and not be tied to anything, because the most important thing is that they can make money, even if it's small. If asked to choose which one depends on where you live and how the availability of jobs in your area. Developing a business may be a good choice and choosing to invest in bitcoin is also the right choice, depending on how you take advantage of all the things that can be profitable and most importantly you can run it properly and know what risks will occur.

There is no point leaving one for one, your job is time based right? They create a time for your trading, you can still work and trade at the same time, trading is what I do too but not every time, and it doesn't take me more than one hour or two, I don't do trading around the clock like some gurus. A win is enough for the day, so I use some USD and create down an order waiting for a fill then I sell when there is profit so it's not like those futures.

Even if its futures trading you can create orders and use close trade features to your advantage, you can also set when to take profits too, I use bybit and binance for trading.

No point leaving your job but it's your call, if you think you don't need the extra money and the amount you making from trading is good for all your responsibility then you can stop working if you want.

Well, I agree that a lot depends on what stage of life we are in. I can relate to your comment, when we are younger we are exploring the world and we often get in some trouble because we didn't think it through (who will bother with that at a young age), the world is ours and we feel like we can conquer the world. But when wife and kids come, and all other stuff that comes with growing up we get another perspective... and when the responsibility is on us we can't allow ourselves to risk a lot and put everything we build for years in danger.

I am a civil servant for years, and I combine my job with my interest in crypto. It's not so hard to do it, most of the time...

When someone works in the civil service, they get a monthly salary and lots of benefits including their children's schooling and health, apart from that when they are old they will get a pension so most civil workers are comfortable and not interested in doing anything, of course everyone's thinking will be different and in my opinion the monthly salary is boring thing and nowadays would rather do any work even if it looks uncertain.

Basically  there is no harm in having the both if you can cope and manage then efficiently since it is always advisable  to have multiple streams of income.
On the long run, trading is a very risky business and if not well done, has the possibility  of ruining one's  life just as it can make one have a better life so except one is financially  stable, I wouldn't  advice then to go all in trading  without having a backup for funding.
I've seen people living a very comfortable  and stable life from a regular job without having any basic knowledge nor crypto, so please its no harm having  the both