Is trading an occupation?

[Traderbtcc]

Someone can earn a living from it right?  then of course we can say trading is an occupation, although it requires alot of learning, experience and patience to be able to make money from it, have seen someone who went to college to study something different, came out learned about cryptocurrencies and next crypto trading, today he's a full time trader he dropped his school certificate and everything  and his earning a living from it, so trading is definitely an occupation for so many people out there.

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[el kaka22]

I have recently come a trading type of career in our local employment related website. It is a national website and companies put their job adverts there and people apply to start working there. I could say that I was shocked to see crypto related jobs all had something like "business analyst" who was basically just a trader who didn't trade. All the analytics all the chart readings all basically related stuff was there. I don't know if that is going to be a long term thing but I think it was basically just a big career that employed thousands of people.

I mean sure they are not trading so you may not consider them traders but they were doing everything a trader does every day and they just do not click the buy/sell buttons. I do not know why they are hired and what good they do to people, but I think higher ups hires these people to keep constant finger on things.

[awik p]

Someone can earn a living from it right?  then of course we can say trading is an occupation, although it requires alot of learning, experience and patience to be able to make money from it, have seen someone who went to college to study something different, came out learned about cryptocurrencies and next crypto trading, today he's a full time trader he dropped his school certificate and everything  and his earning a living from it, so trading is definitely an occupation for so many people out there.

many people really only have the main job of trading. but indeed to make the main job of course through a process that is not easy, between engineering, psychology, money management. we even have to find the background and future of the project to analyze it

[gabbie2010]

Salary is one of the main reason why people are staying poor, so the risk is actually worth but the risk should not be taken blindly. A trader need appropriate amount as capital to start trading for that they need to work somewhere if they are not coming from a rich family and need to keep working while doing trades, once become a successful trader then he can quit job and do the trading as full job.

It is worth it for those who are willing to take risk but it's hard to do it if you're not in good position like financially. I've seen traders that went from rags to riches and they've taken their way slowly but surely.
The progress isn't that great at the beginning but they've trusted the process and now they're earning more than an average person does monthly. And that's the advantage when someone makes trading an occupation and has a strong heart to take risks.

It is indeed very hard decision to embark on the career as a full time trader, I had come across full time traders who don't any other job and doing well. In my opinion 9-5 job can never make someone rich however an experience trader with huge portfolio for trading will earn and make huge profits and income than a salary earner this is subject to having a working strategy with money management, but does the risk of quitting a day to trading really worth it? I think Yes

[Kittygalore]

Someone can earn a living from it right?  then of course we can say trading is an occupation, although it requires alot of learning, experience and patience to be able to make money from it, have seen someone who went to college to study something different, came out learned about cryptocurrencies and next crypto trading, today he's a full time trader he dropped his school certificate and everything  and his earning a living from it, so trading is definitely an occupation for so many people out there.

Not everyone can earn money in trading since there are statistics that say that a lot of traders are losing a lot of money, I would agree that trading can make money but you have to be good at it first because it involves risk.

[andthereyou]

If someone is really determine to do what he/she wanted to do. Then it's possible even if you choose trading cryptocurrency as an occupation. By the way, I knew a few who did.

[blockman]

Salary is one of the main reason why people are staying poor, so the risk is actually worth but the risk should not be taken blindly. A trader need appropriate amount as capital to start trading for that they need to work somewhere if they are not coming from a rich family and need to keep working while doing trades, once become a successful trader then he can quit job and do the trading as full job.

It is worth it for those who are willing to take risk but it's hard to do it if you're not in good position like financially. I've seen traders that went from rags to riches and they've taken their way slowly but surely.
The progress isn't that great at the beginning but they've trusted the process and now they're earning more than an average person does monthly. And that's the advantage when someone makes trading an occupation and has a strong heart to take risks.

It is indeed very hard decision to embark on the career as a full time trader, I had come across full time traders who don't any other job and doing well. In my opinion 9-5 job can never make someone rich however an experience trader with huge portfolio for trading will earn and make huge profits and income than a salary earner this is subject to having a working strategy with money management, but does the risk of quitting a day to trading really worth it? I think Yes

There are 9-5 jobs that are giving a big salary and if I'm earning a lot with my full-time job and very much satisfied with the amount that I earn from working there, I don't have to find any other source to make a living. But those are only for executives and senior position jobs and as well as developers who are very well in their skills. If someone who's been thinking to quit and shift to becoming a full time trader, I think the closest ones are those who have been trading for years and sees the potential in themselves and can earn as much as their full time jobs.

[cmg777]

Ok if you are thinking salary is what makes you poor then if you lack funds get better skills or better yet look for another job. As for crypto, if you are light on funds then I recommend putting in what you can afford to lose. Put in 100, 1000, (If you can put in 10K) whatever it is use that amount to invest in yourself. Just like your 401Lame or the stonk market you can make tidier returns than a saving account. Just for perspective, my first 401Lame which I can't transfer to my current job for some reason has doubled in value in just less than 10 years with Crypto I made 10X 100X damn near 1000x for select coins I had (never really invested in Stonks but have always thought about it but the game is rigged just like with the 401Lames what goes up must come down, zero sum game as someone used to tell me.) Regardless if you are young the main asset you have is time and I would say out of  all of the assets out there Crypto is the best. Stonk market has set hours while Crypto is 24-7 and no one ever mentions this or hypes this fact up which is what makes the markets in my opinion more valuable than the stonk market (wake up world markets... Crypto is eating your lunch).

Anyway a general strategy is to look at the charts look for lows is the coin you are about to buy at a good low for the time you are looking at it? Can you buy at that low again? Put in a low order and wait on it eventually it might get filled. Or if you see good overall volume and the price seems good you can grab it but be careful it might bottom out and then you become a bagholder. If that is the case, can you stake the coin? Does it have value elsewhere is what you should also be asking. When you go to sell try sell a small amount at minimum point you could get out or alert you. You can also put a larger sell at a high point in case it pumps but you may want to consider hodling the coin if you like the project and feel it is undervalued. The best advise I can give you is don't quit your day job even if you jackpot to 10K or 100K or 1M (yes 1 Million dollars isn't worth that much but is a good nest egg to fall back on unless you are old today then quit your job). The reason why is because even though you get tired of what you do it generates a guaranteed income (unless you work on commission then I would say if you get to this point work less focus more on crypto if you feel you have the market down). Also even if you make a ton of money you can also lose a lot of money. What if the coin you choose no longer has a developer or it turns out to be scam or investors feel like they are getting value out of the project anymore then you can lose it all. Another thing to be concerned about is bad exchanges and just bad actors in crypto. I've lost and I've won but overall I've done quite good. If you really don't know what to invest in then you might want to get a savings account from BlockFi or Nexo. Only quit your job if you feel that you can make adequate returns in crypto or use a strategy of building your funds to 8-20+ Million and then sell half put that into monthly/quarterly dividend stocks and keep the other half in crypto.

[cmg777]

I have recently come a trading type of career in our local employment related website. It is a national website and companies put their job adverts there and people apply to start working there. I could say that I was shocked to see crypto related jobs all had something like "business analyst" who was basically just a trader who didn't trade. All the analytics all the chart readings all basically related stuff was there. I don't know if that is going to be a long term thing but I think it was basically just a big career that employed thousands of people.

I mean sure they are not trading so you may not consider them traders but they were doing everything a trader does every day and they just do not click the buy/sell buttons. I do not know why they are hired and what good they do to people, but I think higher ups hires these people to keep constant finger on things.

They sound like a glorified salesperson or "financial advisor" from what you are inferring. Unless the postings had some IT/Dev background where they code to a certain blockchain or protocol.

[cmg777]

Some previous comments point out that trading is an occupation... I can agree with that, as I can disagree! Crypto trading is a 24/7 open market, with so many options and features! So it can be an occupation, as it can be a hobby! You decide how much time and money you will sacrifice on trading... and in the end, you can make some profit, or not!

Crypto is about freedom, so use that freedom and simply adjust your trading strategies with your free time! Of course, you can trade 24/7, but for what? Where is your life in that case?

I think that strategy is important... you need to find the best strategy for your free time and for your capital! If you wish to survive and make money in the long run! Everything fast is very risky, but long-run strategies can work if you combine all the factors in the right way!

Good advise and I see your point on life balance but it depends on the person and where they came from. If they already almost 24-7 or are on call for their job then crypto is for them as the market is 24-7 which is what makes it so much better than traditional markets. As you said it depends on your strategy and you could just passively invest your crypto into a DeFi platform like Nexo or BlockFi.

[acener]

I think trading is a profession and it appeared a long time ago, before the cryptocurrency market there were a lot of people trading on the Gold and stock markets.
However, this is a profession that requires a lot of things, you need to have experience, knowledge, skills and always learn.

Exactly for me it is also a profession not everyone could make it in trading just like other profession.
So if you can't handle it better find something else that would suit's you well.
Everyone doesn't look at it as a job but for me as long as you are earning from what you do it is already considered as a job.

[Ewox]

Actually trading could be an occupation to some because it does pay some bills. I do know a lot of people who have been trading for years and had quit their job to do full time trading instead, and they mostly say it pay their bills and mortgages. And I think that's one of the main reason why people work because it pays their needs.

[cmg777]

Actually trading could be an occupation to some because it does pay some bills. I do know a lot of people who have been trading for years and had quit their job to do full time trading instead, and they mostly say it pay their bills and mortgages. And I think that's one of the main reason why people work because it pays their needs.

I could see that if the person's job is in sales or commission based as those job don't give you a guaranteed income or they are working some menial job that doesn't pay but crypto does and doing it full time for them would be a better source of income. I still would rate trading as a sales/commission job sometimes you win big and other times you lose.

[dimonstration]

Actually trading could be an occupation to some because it does pay some bills. I do know a lot of people who have been trading for years and had quit their job to do full time trading instead, and they mostly say it pay their bills and mortgages. And I think that's one of the main reason why people work because it pays their needs.

Trader can be a good profession so does it can be a occupation. What good on this job is we are the one who have fully control of our time and decision we don't need to have our boss to instruct us what to do. It's better than having a occupation that provides fixed salary since if we do great in trading we can get more profit based on our performance in trading.

[martina14]

Trading for me is not an occupations, because as an individual traders in cryptocurrency, We have no boss here, everything We do in the actual trade in any of the exchange platform are controlled by our decisions if fail or not. So for me it is like something that has a similarity of Skills or it could be a profession as well.

[Imran232]

If you want you can choose trading for you as a occupation. Because it is all depends on you. But there is no point to indicate others that he makes a lot from trading and another person can't make a single even he lose a lot. Its not a gambling that one person can make huge or others can't. Because this is not a luck by Chance game. This is a professionals work like if you learn more you can generate profit more. Or if you can't learn but you want profit like others then sorry trading is not for you. If you truely want a trading journey then you should learn first. Then after learning enter this platform. After entering this platform then decide is this a platform what you can choose as a occupation for your self.

[MCobian]

It is true that trading is a occupation and we can rely on it as a source of income to live. But not everyone can do it, I even read articles on
the internet that the percentage of people who experience losses when trading is greater than those who get profits. This happens because
to be successful traders must have experience and the ability to analyze the market. If we really want to make trading a occupation we must
first learn about all kinds of trading.

[gbrendeh]

I have been doing trading for the past year as a full time job and I don't see any reason to look at any direction. There is nothing that pays most especially when you learn the rudiment of trading.

[Mistafreeze]

Anything that bring food and pays up your bills is your occupation, trading is an occupation there are several people who have been trading all their lives and their life depends on trading so why would such not be an occupation? There are trading professional courses and certificate, people have been trading even before Bitcoin was introduced.

[Becky666]

If we have Stock brokers as a career then trading is definitely one of the best occupation we have in the world. Before the advent of cryptocurrencies there were traders who specialize on Stocks and they made their living from this source, so, if anyone will learn from these professionals then he/she can proudly said trading is my occupation. Well, don't miss-quote me here - when you're such that look for daily profit from trading you are just a trial and error guy - or looking for other signals for your trade you're unprofessional.