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Author Topic: TRADERS are not UNEMPLOYED  (Read 1991 times)
ibuddy122505
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July 06, 2024, 03:00:41 PM
 #221

So it's not a problem to get involved in the world of trading, but don't make it the main place to cover all your needs because the necessities of life will not be tolerated, in the sense that when you need money you have to have money at that moment, while trading is an activity. It's risky, which means that not every session you make a profit, that's why most people always choose a job that is certain with an agreement to get a monthly or weekly salary.
If a trader is able to cover his expenses through trading, I won't be stopping them from doing so. That only means that they know what they're doing and they're effective traders.

There's nothing wrong with what they do as long as it is sustainable whether they treat it full time or part time job.

What matters to us is we shouldn't be meddling with the work of other people that are just trying to put food to their tables.

We are not here to prevent or interfere with anyone's choices or lives because we have no right to do that. People just want to say that if we make trading our main job and depend on it as our main source of income then it is too risky, and advise people not to do this. As you know, making a profit in trading is already difficult and it will be even more difficult when you set a goal of needing to make a profit regularly every month to meet your daily needs. So, giving advice to others, especially newbies to help them avoid making mistakes is not a bad thing, and I also don't think advising others would be considered meddling with their work.

Personally, I would never consider trading as a main job because income from it is not guaranteed, it should only be a side job when we have free time.
As Dewi Aries also mentioned below, even experienced traders give similar advice, if we want to become a trader, we must first have another source of income.
With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.
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July 07, 2024, 01:16:11 PM
 #222

With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

If someone can diversify their sources of income then that is indeed a good thing, but that also does not mean that we should consider trading as our main source of income. The main source of income is not necessarily the highest source of income but must be stable and capable of meeting our essential needs. Meanwhile, who dares to guarantee and think that they can make a stable profit from trading? Like what is happening these past few days, can any trader dare to claim that they are making very stable profits in an extremely volatile market?

If you follow market news, you will know that in the past 3 days, hundreds of millions of USD have been liquidated, and if this situation continues, what will happen when we consider trading as a main source of income? Where will we get money to cover daily expenses?

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