Is trading an occupation?

[jerry0]

Isn't it true 80 percent of traders lose then?

[adzino]

Some people consider it as a profession/"occupation". But I wouldn't if I were them. The crypto market is very volatile and making is a full time profession is very risky. There is no guaranteed source of salary/income from crypto trading. You may be left without anything at all! You may make some good profit in a month and the next month you may make nothing or lose everything. How are you going to pay your bills then?
Maybe keep crypto trading as a side hustle?

[Trinx01]

I can say yes because some people who do trading earn money from doing it,  even though the income that you may have from trading is no stable it can still be an occupation, even though cryptocurrency is not yet here, trading is already there because some are already trading in a stock market and some people already chose to trade than staying on their career, the same things happen on those who trade in cryptocurrency.

Isn't it true 80 percent of traders lose then?

That is also what was my friend told m about trading, he told me as well that it is better to gamble as you can have a 50% chance of winning compared to day trading where you will only have a 10-20% chance of winning, I don't know if this is true or not or this is only for the beginners of the day trading.

[zanezane]

If you are good with it and you do it full-time then you can consider it as an occupation or a job, the only problem with that though is a lot time and effort should be put into it before you can consider it as your job. Also, there is a job called fund managers that are actively trading stocks so I guess crypto trading is a job.

[xSkylarx]

Occupation means a job or profession. I don't consider trading an occupation but instead, it is a business where your main goal is to not get bankrupt. You buy a stock or crypto, etc. at a particular price then sell it for a higher price. It's like you have a mini grocery you buy some goods at a cheaper price then sell them higher. Trend can be correlated on those because you will prefer what gives you more profit in a short amount of time. Trading can't really be an occupation even if you are good at reading charts and indicators. You can't always predict the market especially if it's cryptocurrencies where the coins are very volatile.

[Mauser]

We could define crypto currency trading as follows:
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.

What could we deduce from this. Could there be a contrary view. Because for me crypto trading can be classified as an occupation in at this point of the world's evolution especially in underdeveloped and developing nation's where unemployment is hitting the peak of the day. Crypto trading could be an alternate source of lively hood which could payoff most of the bills some highly paid jobs can not attempt to clear off. This post isn't meant to discourage you from your job. It's only an eye opener. Crypto trading can still serve as a side hustle to settle bills before the arrival of our large salaries.

In my opinion all kinds of traders can view their trading as occucpation. It doesn't really matter if you trade stocks, currencies, commodities or cryptos. As long as you are making a profit and can live of your trades than it is an occupation. Using trading to pay our bills is a good idea, but we also need to be careful that we fullfill all the regulatory requirements in our countrs. Another issue would be to pay taxes from our trades. It is not always the case that the broker or exchange will directly post our returns to the tax collectors, we might need to do it ourselfs. So taking away some profit for the tax payments at the end of the year is a factor we need to take into onsideration.

[michellee]

If you are good with it and you do it full-time then you can consider it as an occupation or a job, the only problem with that though is a lot time and effort should be put into it before you can consider it as your job. Also, there is a job called fund managers that are actively trading stocks so I guess crypto trading is a job.

Maybe before that person uses trading as a full time job, he needs to spend many times learning to trade because trading is not an easy way to make money. I see some pro trader use trading as their main job, and I know their story beforebecominge a pro trader because they tell their story that they spend many times, hours, and dayslearningn to trade. They say that it is hard to search for many sources but that is worth doing as now, they can make a living from trading.

[wheelz1200]

Its an occupation as you are making money and its a liability when you are losing money.  In short no its not an occupation.  You can consistently "win" or make a paycheck week to week.  It is what it is, trading and in some sense if you are trading altclins you are pretty much gambling.

[tbterryboy]

In short no its not an occupation.  You can consistently "win" or make a paycheck week to week.

Consistency is something we cannot achieve in trading; we can get paycheck time to time but there cannot be any assurance to have it on every week; this is the reason I agree trading cannot be an occupation. But it can be your side business along with your day job. Because, if you're not finishing up on week in profits still you can continue next week because you are not absolutely depending on trading for your living.

I know their story beforebecominge a pro trader because they tell their story that they spend many times, hours, and dayslearningn to trade. They say that it is hard to search for many sources but that is worth doing as now, they can make a living from trading.

Becoming up to the level of pro trader definitely requires lots of dedication. If we are ready to put efforts up to that kind of level, then we may get chances to living out of trading. But the point is, we cannot sustain into trading with capital until we learn all the required things. Yes, you may get enforced to quit trading in middle as you may get any resources to top up your capital.

[Astvile]

Isn't it true 80 percent of traders lose then?

This is real. Approximately only 3% of traders are the one that is profitable and actually earns money from trading stocks or crypto. But don't get discouraged if you are starting at trading because you can be one of that 3% if you know what you are doing.

[bandungan]

I also think that trading can be categorized as a job because there are so many professional traders who depend on trading for their lives, this is a new branch of work in my opinion. where when trading we also need analysis and learning. so if trading is categorized as gambling it is wrong

[Pamadar]

I also think that trading can be categorized as a job because there are so many professional traders who depend on trading for their lives, this is a new branch of work in my opinion. where when trading we also need analysis and learning. so if trading is categorized as gambling it is wrong

Skills and experienced traders are indeed benefiting from this industry.

As they managed to earn more compared to their regular 8hrs office job, it's very possible for them to make more money using thier
knowledge and skills breaking the market with good position and harvesting profits from tiem to time. It's still depend though with
your capabilities to adjust but yes it's been a good place to earned.

[DarkDays]

You should check out hedge funds, they're basically traders. There is no need to question whether trading is a job or not, the question should be how good you are when you do it. If you're terrible, then you won't make any money, and you'll probably lose more than you can chew.

On point. Trading in itself is a career and a job not anybody can do. You. need patience, knowledge and you need to devote time to develop this skill. You can certainly make a living from trading. It is all a questions of interest and market choice.

If you want to question whether trading is rightly aligned with religious beliefs or not, I think this is not the right place.

I agree. There are many topics we discuss here that will benefit others, but asking whether crypto aligns with someone's religious belief is something to be determined at the individual level.

[Mpamaegbu]

Whether traditional trading, cryptocurrency trading or Forex Trading, it should be taken as a profession. If our local traders refer to themselves as traders for a living, why shouldn't those who do any sort of online trading refer to it as an occupation. The problem most people have trading cryptocurrency is that they don't tend to take it as a serious engagement. Someone learns traditional trading for 5-7 years as an apprentice before setting up his own but those who do online trading don't want to spend that much time acquiring the skill set for it. They think they can just jump on it and get started like that without the knowledge of how it's done. Every wannabe trader seems to be in a hurry to start trading, thereby making it look like a gamble.

The entire crypto market cap just crossed two trillion dollar (a few days ago), it shows how a serious business trading is and should be handled with every sense of commitment as an occupation. There are people who don't do anything else apart from online trading and they're making a kill from it because they already see it as something that can put food on the table for them. Trading is an occupation, and rightly so.

[tvplus006]

Some people consider it as a profession/"occupation". But I wouldn't if I were them. The crypto market is very volatile and making is a full time profession is very risky. There is no guaranteed source of salary/income from crypto trading. You may be left without anything at all! You may make some good profit in a month and the next month you may make nothing or lose everything. How are you going to pay your bills then?
Maybe keep crypto trading as a side hustle?

If we talk about successful traders, they have already earned such capital in this bull market that they will be able to do nothing for the rest of their lives. In this case, the initial capital that you have invested in trading is of great importance, because it is impossible to make a fortune with $ 100 in practice.

[sniveel]

I think we can consider it as a profession, people used it as a way of earning money more than what they are taking as a salary when they are an employee for other company. Like me, I quit my job just to invest my time and money on cryptocurrencies. And it is also need enough knowledge and skills, this is why I consider it as an occupation/job.

[Rruchi man]

Depending on how you view it, one can trade full time or part time. However if you must take up trading as a full time occupation, you must be ready for anything that comes with it. You could loose all your money and be broke for a longtime anytime.
I personally trade part-time because one stream of income in this age is not enough.

[peterpanda]

We can consider trading as an occupation. In trading, we have to use our time, knowledge and many other things to earn. Yes, you can say that in trading there is a chance to lose money but it is not gambling. In gambling, luck maters most but in trading, knowledge, trick, strategy and experienced are more important.

[Oceat]

Depending on how you view it, one can trade full time or part time. However if you must take up trading as a full time occupation, you must be ready for anything that comes with it. You could loose all your money and be broke for a longtime anytime.
I personally trade part-time because one stream of income in this age is not enough.

Full time or part time it doesn't matter but the real question is, how good are you with your skills? Although I know it's kind of hard when trading, especially with this very volatile market. Not everyone could pull off a stunts to make a profit during the very busy hours. I guess trading also may need some luck because even if the best trader in the world they still could lose to the market.

The only way they could minimize their losses is to practice risk management since not everyday is a payday. Learn to accept losses then move on and proceed to practice your skills in trading.

[justdimin]

Whether traditional trading, cryptocurrency trading or Forex Trading, it should be taken as a profession. If our local traders refer to themselves as traders for a living, why shouldn't those who do any sort of online trading refer to it as an occupation. The problem most people have trading cryptocurrency is that they don't tend to take it as a serious engagement. Someone learns traditional trading for 5-7 years as an apprentice before setting up his own but those who do online trading don't want to spend that much time acquiring the skill set for it. They think they can just jump on it and get started like that without the knowledge of how it's done. Every wannabe trader seems to be in a hurry to start trading, thereby making it look like a gamble.

The entire crypto market cap just crossed two trillion dollar (a few days ago), it shows how a serious business trading is and should be handled with every sense of commitment as an occupation. There are people who don't do anything else apart from online trading and they're making a kill from it because they already see it as something that can put food on the table for them. Trading is an occupation, and rightly so.

Well think about it this way, if you are a developer for a company you are a developer, if you are a developer who works freelance you are still a developer and if you are a developer who builds his own software that means we are talking about all of them being developers and that is why there is no problem with that.

Why would we talk about traders being any different, we are talking about trader who works for someone in wall street is called trader, and someone who works for trading all for himself is still trading, or if you even trade crypto at home but for someone else that's trader too, as long as you trade constantly that's trader. What I think should not be considered a trader is people who rarely ever do that and make very little money or not even make any money, if you trade once a month that's not being trader, but if you trade at least once a day, that's being trader if you ask me.