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Author Topic: Is trading an occupation?  (Read 1047 times)
Lanatsa
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April 04, 2021, 09:59:40 PM
 #21

Here are some words about trading as an occupation.
https://www.investorsunderground.com/when-to-make-the-leap-to-full-time-day-trading/

"For full-time day-traders, trading stocks is a career. This means it requires work – work that entails sitting by the computer for hours a day staring at screens. ... Day trading is one of the few career choices where you are not guaranteed a paycheck, and you may even lose money after investing hours of your time."

R


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April 04, 2021, 10:21:33 PM
 #22

Since you are sitting in front of your computer and spend hours on trading activity and it needs to work out, I guess we can consider it as an occupation because we also called this as a profession that most choice by people who have great knowledge of trading to have a paycheck at the end of the day. But it doesn't mean there's a guaranteed paycheck right after for your trade activity because this kind of job is quite risky and it will also p[putting in risk your capital or it will end up nothing.

There's nothing wrong I guess if you will choose this kind of professional as long as you have confidence in yourself that you can able to generate profit.

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April 04, 2021, 10:23:00 PM
 #23

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.
When people think of a trader they think of a person watching many monitors and many different charts and trying to obtain some profits out of the markets, but the truth is that a trader is anyone that buys a product with the intention of selling it for a higher price later down the road, as such we can safely say that trading has probably existed since humans have exchanged products and services among them.

However we must also remember that they far majority of traders in the history of the world have failed in their desire to obtain more profits and what better example of this than the April fools' day joke that theymos implemented just a few days ago.

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April 04, 2021, 10:33:46 PM
Merited by sheenshane (1)
 #24

Since you are sitting in front of your computer and spend hours on trading activity and it needs to work out, I guess we can consider it as an occupation because we also called this as a profession that most choice by people who have great knowledge of trading to have a paycheck at the end of the day. But it doesn't mean there's a guaranteed paycheck right after for your trade activity because this kind of job is quite risky and it will also p[putting in risk your capital or it will end up nothing.

There's nothing wrong I guess if you will choose this kind of professional as long as you have confidence in yourself that you can able to generate profit.
Someday if ever I lose my office job, I've found trading is a good place to stay. I'd never find it is totally profiting this time since I was doing it as a part-time job but I know that it really works well and profiting if we focus on this.
Yeah, it is consists of high risk and not everyone meant for this but if we are thinking positive that we can do it better, we surely have to work hard for it.
And with this new generation, the internet era, I could say trading is a good profession and that could possibly make you rich if you are doing this so well.



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April 04, 2021, 10:48:24 PM
 #25


If you make a living out of it then it becomes a job or an occupation for you. Just like when you are a basketball player and you become so good at it and then you got recruited by NBA team to join them. You get paid by playing the most enjoyable game of all for you. There is no other thing you do but play.

Trading had been a job for those in Forex and Stock market, long before crypto they were already jobs trading for someone else money.


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April 04, 2021, 10:53:26 PM
 #26

~Snipped
Someday if ever I lose my office job, I've found trading is a good place to stay. I'd never find it is totally profiting this time since I was doing it as a part-time job but I know that it really works well and profiting if we focus on this.
Yeah, it is consists of high risk and not everyone meant for this but if we are thinking positive that we can do it better, we surely have to work hard for it.
And with this new generation, the internet era, I could say trading is a good profession and that could possibly make you rich if you are doing this so well.

You just hit the nail on the head. It's the internet Era and the age of the digital economy. I think it's high time that trading should be considered a profession, it doesn't have to be organized like a small trading desk or firm. Like other professions, it involves a substantial amount of risks and also comes with its rewards if done right so it work as a profession to me. I don't know about others but even traders in traditional markets are considered to be practicing the profession. The same can be said about crypto traders whether small or large scale ones.

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April 04, 2021, 11:22:39 PM
 #27

And with this new generation, the internet era, I could say trading is a good profession and that could possibly make you rich if you are doing this so well.
I tend to agree, but there's no quick money on trading, it needs more work and research in the beginning and as I say, trading isn't an easy job that you can earn profit and becomes a millionaire within a short period of time.  We're now in the internet era and most people relying on internet activity but you shouldn't hurry and hoping to becomes quickly a millionaire, isn't work like that, if this is your mindset towards trading, forget it.

If you really change your life daily routine and quit your job and switch to a full-time trader, I may advise be a professional and expert at what you do because for now, crypto trading is might be trending as a source of income to anyone who knows technically stuff about trading.  If you want to become a professional it needs for you to have a workload to take time to learn and gain knowledge, without it, it seems your wasting your time in trading and that does not become your occupation.

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April 05, 2021, 06:50:54 AM
 #28

In third world countries where the rate of unemployment is very  high a lot of youths took to trading as an occupation I.e both crypto and forex trading, there are some of proportion of the youths who are Gamble's to make end meet.
Trading is an occupation that can conveniently provides alternative source of income for anybody that took it up although it requires a lot of learning, research and practising once equipped with all those requirements such a trader is good to go having been well funded for trading and money management.

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April 05, 2021, 07:20:09 AM
 #29

Trading is a process of moving goods and services from one place to another for profit making. Show that trading is an occupation where many traders found their self busy to earn something good at the end of their trade in the market.
Many bitcoin investors are into occupation where they can trade their coins in the market and start expecting something good from the trade that will enable them to be proud of their occupation.

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April 05, 2021, 07:50:45 AM
 #30

Trading requires knowledge and time (especially in crypto trading), thus we can consider it as an occupation for spending few hours a day to maximize our chance to earn.

However its not a typical occupation (earning stable job) that we know because it has a risk and losing is always there. This is the reason why not all of us are able to earn in trading or decided to go full time. But if you have the willingness to learn and start in scratch, experience can be the best teacher and a stepping stone to succeed in this field.

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April 05, 2021, 09:14:16 AM
 #31

While i Don't consider this as Occupation but I must admit that some of my friends has this as their Job right now.

there are even some of them had quit their real Job and focus in trading , While most of them succeed , but others had failed .

So this depends on our view and knowledge in this field .

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April 05, 2021, 09:21:08 AM
 #32

You could say a job, because trading must have full time to continue to dominate the market and analyze the coins to be traded.
the difference is that you live a life that I think is pretty fun, because you don't have to go to the office every day and wake up in the morning stuck in traffic for hours on end.
and being a full time trader will allow you to break free from this modern form of slavery and be able to work any time as long as there is a supported internet connection with your laptop or smartphone you can trade.
and if you make trading a job, you have to be responsible like working and must be supported with adequate knowledge and so on and understand the risks.

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April 05, 2021, 09:23:29 AM
 #33

We know that trading stock is an occupation for some people. And if they see crypto trading, they will think that crypto trading is also an occupation, especially for people who have skills in crypto trading. But before you use crypto trading as an occupation, you need to learn about trading itself and learn how to analyze the market, so you can know where the trend will moves. Doing trading and make a profit needs time, and many people can not resist that and finally, they are losing their money. Think twice if you want to use trading as your occupation because you will need many things to learn before making a profit.

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April 05, 2021, 09:39:34 AM
 #34

Trading can be considered as an occupation by the users who have got strong cryptocurrency portfolio. This means if an user has a good volume of top listed cryptocurrency in the portfolio, automatically one can keep hold of it as a security for the life. One who fulfill this can concentrate on day trading to earn few dollars through the market fluctuation.
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April 05, 2021, 10:28:17 AM
 #35

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.
You're right. It's already a profession before cryptocurrency has emerged. We already knew that there were people who have earned from trading alone. And when we say trading, it's not just about cryptos and stocks, this also happens in the markets that we used to know traditionally.

However, this is a profession that requires a lot of things, you need to have experience, knowledge, skills and always learn.
And also capital.

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April 05, 2021, 11:01:27 AM
 #36

You can quit your job and start crypto trading only if you have enough savings and great trading skills.
Quitting your 9/5 job for the sake of cryptocurrency trading,when you don't have enough savings and you lack important skills is a very risky decision that might lead to catastrophic consequences.
Trading mentorship is completely different than crypto trading.It's like selling shovels to gold diggers.
Most of the crypto trading mentors I've seen online are scammers.I would never get myself a trading mentor or pay for such service.

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April 05, 2021, 12:17:27 PM
 #37

You can quit your job and start crypto trading only if you have enough savings and great trading skills.
Quitting your 9/5 job for the sake of cryptocurrency trading,when you don't have enough savings and you lack important skills is a very risky decision that might lead to catastrophic consequences.
Trading mentorship is completely different than crypto trading.It's like selling shovels to gold diggers.
Most of the crypto trading mentors I've seen online are scammers.I would never get myself a trading mentor or pay for such service.
It gonna be 40/60, where 40 percent a chance of success while 60% disappointment.
Yeah, we don't encourage people to quit their job for this risky profession, but we need assurance in which our current job could only make it, not this trading.

Because if we are not sure about our trading life will succeed, it is absolutely we don't have to try it.
Well, that is a good suggestion, "have some backup money" or we look for another source of income that could help in case we fail in trading otherwise, we totally paralyze and having no money at all.

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April 05, 2021, 12:42:16 PM
 #38

Why does trading needs to be meticulously defined?
Before it was just a simple buy and sell. Buy the dip and sell for profit.

Yes, there are good analyst when it comes to forex trading but that doesn't mean they will always be accurate.
Those where still speculation where they just put basis using history. The future is unknown.
I'd rather have both my day job and trade occasionally because it doesn't really need full attention.

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April 05, 2021, 01:09:08 PM
 #39

I think trading is not gambling because if someone can learn details about trading and analyze better to find the time to enter the market, he uses his skills to trade and makes money. It is normal to see some religion against trading and say that trading is the same as gambling. But if they can open their minds about what is needed to be a pro trader and know that the trader does not just play with their intuition, but the trader will also use their skills to work, I think they will not say trading is gambling.

But we can not blame those who say trading is gambling because they are not involved in the trading itself and only see from the outside. People who use trading as their source of income need to have skills to make a profit and minimize the risk.

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April 05, 2021, 02:00:18 PM
 #40

Well, yes that is considered an occupation if you are in day trading or full-time trader --but for me, I cant treat this as an occupation because I cannot able to trade as a day trader. This is a very risky occupation and a sort of gambling that sometimes was based on your luck. I have seen a thread here before asking most likely the same question on this OP, saying, trading is considered a source of income. It is really hard to decide because we have different perspectives view on it. But for me, I rather good if I will find a stable job that provides me a stable income at the end of the month.

So what's the difference between trading and working? whereas to trade is a verb.
You're right, we have a different point of view. So everything that is traded is crypto or other than crypto, all of them have different risks but with the same purpose.

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