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Author Topic: Day trading is perfect work for jobless peoples  (Read 1982 times)
Quidat
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August 03, 2023, 08:16:46 PM
 #261

In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.
Many are choosing trading as a profession but since there is no guarantee of regular profit here one must have a source of passive income besides trading. But a jobless person can do day trading to meet his daily expenses but he must also find another source of passive income. he should never depend on trading alone. Day trading or long term holding should be everyone's side income. this is my personal advice. Because crypto trading and holding can suddenly change a person's life but it is not seen regularly

The problem with depending on trading as a source of income is when you do not have good trading capital and the skill to trade profitably. Yes, there is no guaranteed profit every day but if you are a good trader with a good trading strategy, you can leverage each day from the market when you have a reasonable profit target, after profit and lose you still end up achieving your target at the of the day
For me, I have an achievable profit target each day I'm trading when I minus my losses I end up reaching my target except for minor occasions when the market is too bad. 



 
The only thing that you should mind is sustainance because if you couldn't be able to do such thing then you would really be able to find yourself on big trouble on which its better to make yourself be able to assess out on what are the things that you should consider out first before you would really be making yourself taking up such step because if you wont really be that mindful or being that realistic then you would definitely be putting up yourself on such hard situation or you would be messing up because trading specially day trade is never been that a good option or making yourself that pushing up on something that cant really be that possible on a short time duration or something that you could really be having a good grasps on short time. Yes, trading could really be made out as a living on the time you do reach out on a state that you could be able to make profits despite of losses but we know that only a few who do able to succeed out on this field and not all would
really be tending out to deal up will eventually be able to succeed.
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August 04, 2023, 03:09:57 AM
 #262

Many are choosing trading as a profession but since there is no guarantee of regular profit here one must have a source of passive income besides trading. But a jobless person can do day trading to meet his daily expenses but he must also find another source of passive income. he should never depend on trading alone. Day trading or long term holding should be everyone's side income. this is my personal advice. Because crypto trading and holding can suddenly change a person's life but it is not seen regularly
I like your valuable opinion. It would be good if we have extra income for trading. We can't trade with the thought of always making a profit, so it would be good if we have the benefit of extra income along with the trade.  So that with the barti income money one should keep the source of income to run his family and himself. And if someone tries to run his family and himself on top of the entire trade then he will never do well. Yes I have seen investing.  The fortunes of many have changed but I don't know if it is right to expect that the fortunes of all will change.


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coinerer
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August 04, 2023, 09:57:37 AM
 #263

Many are choosing trading as a profession but since there is no guarantee of regular profit here one must have a source of passive income besides trading. But a jobless person can do day trading to meet his daily expenses but he must also find another source of passive income. he should never depend on trading alone. Day trading or long term holding should be everyone's side income. this is my personal advice. Because crypto trading and holding can suddenly change a person's life but it is not seen regularly
I like your valuable opinion. It would be good if we have extra income for trading. We can't trade with the thought of always making a profit, so it would be good if we have the benefit of extra income along with the trade.  So that with the barti income money one should keep the source of income to run his family and himself. And if someone tries to run his family and himself on top of the entire trade then he will never do well. Yes I have seen investing.  The fortunes of many have changed but I don't know if it is right to expect that the fortunes of all will change.
It is possible to earn good profit by trading but it is not constant. so it is necessary to have a fixed job to earn regular income. and it is always better to trade in Bitcoin to stay low risk and also invest in popular currencies ETH, BNB. as much as cryptocurrency has brought people an easy way to earn, there is also a huge potential for loss. so trading requires very good analysis, then it is possible to earn profit


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August 04, 2023, 03:32:27 PM
 #264

In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.

If you do not work and start trading to earn a living, then trading will become your robot. To start trading and do nothing else, you need to devote a lot of time to this business. Everyone wants to stop working for the boss and start trading, but not everyone can do it, because it's not easy. What will you do if you lose money once or twice or three times. After all, do not forget that trading is a very risky business.

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August 04, 2023, 03:43:18 PM
 #265

When you fully depend on trading, day trading like you said, to make a living, foot all your bills, and still have some left over, then you are not going to trade with caution but with the highest risk of it all. Because you will always want to go back home with profit every single day, and not just profit but profit that can handle your daily needs, which will put you at a higher trading risk since the higher the risk, the higher the profit. 
 
Am not entitled praying for bad trade for any one but this is the worst mistake any one can ever do, putting all his life and others entirely on trading. That person might even end up not having anything at all at the end of the day, that little savings which he have saved and accumulated and decided to start trading with it, will just vanish before he will even realize it. 

A very good idea. Risk breeds risk, if you have a family, responsibility, obligations, maybe loans, then you are obliged to earn money and be in the black. Trade is not the best place for this. After all, you can’t count on a stable income here. And if you lost money today, then tomorrow you need to make up for it, and for this you need to take more risks. It is necessary to have money in case you lose a lot in trading. It is not simple. Most likely it will be right to trade with money that you can lose and this will not adversely affect the life of you and your family

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August 04, 2023, 03:45:32 PM
 #266


If you do not work and start trading to earn a living, then trading will become your robot. To start trading and do nothing else, you need to devote a lot of time to this business. Everyone wants to stop working for the boss and start trading, but not everyone can do it, because it's not easy. What will you do if you lose money once or twice or three times. After all, do not forget that trading is a very risky business.

Your success rate in trading does not depend on how much time that you put on it. You need such time when you are just starting as a newbie because you are new to everything you are seeing and you need to know how to navigate through it but if you have mastered the act, you only need to watch your trade, analyse your chart and know what trade decision to take. A newbie need such time but not an experienced trader. However, to rely on only trading for a living is going to put pressure on you.
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August 06, 2023, 10:59:26 AM
 #267


If you do not work and start trading to earn a living, then trading will become your robot. To start trading and do nothing else, you need to devote a lot of time to this business. Everyone wants to stop working for the boss and start trading, but not everyone can do it, because it's not easy. What will you do if you lose money once or twice or three times. After all, do not forget that trading is a very risky business.

Your success rate in trading does not depend on how much time that you put on it. You need such time when you are just starting as a newbie because you are new to everything you are seeing and you need to know how to navigate through it but if you have mastered the act, you only need to watch your trade, analyse your chart and know what trade decision to take. A newbie need such time but not an experienced trader. However, to rely on only trading for a living is going to put pressure on you.

Yeah that's for real, those who rely with trading as main source of living are people who invested time and manage to create a good strategy that can be adjustable in each market situation, not all can have that same results, even you have longer time but you are not that good in anticipating the market, still going to depend from how you adopt and how willing you are to make an extra mile to find a suited strategy that will help you to make a good decision making when placing your position.

That sentiment regarding to newbie who have longer time to be spent it's valid if the person is keen to learn more about the industry and how will they manage to create good patterns that they will follow to established a strategy that will give them some extra edge while positioning their trades.

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August 06, 2023, 12:35:47 PM
 #268


If you do not work and start trading to earn a living, then trading will become your robot. To start trading and do nothing else, you need to devote a lot of time to this business. Everyone wants to stop working for the boss and start trading, but not everyone can do it, because it's not easy. What will you do if you lose money once or twice or three times. After all, do not forget that trading is a very risky business.

Your success rate in trading does not depend on how much time that you put on it. You need such time when you are just starting as a newbie because you are new to everything you are seeing and you need to know how to navigate through it but if you have mastered the act, you only need to watch your trade, analyse your chart and know what trade decision to take. A newbie need such time but not an experienced trader. However, to rely on only trading for a living is going to put pressure on you.

being pressured or not actually all depends on the ability of the trader himself. but I do not really agree if they trade to meet their main needs. I'm sure trading like that also requires a sizable amount of capital. so it has a good profit margin. but still unemployed with no income, what do you want to trade with? that must be known trading requires capital. and maybe that's what the unemployed who want to trade don't have.
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August 06, 2023, 12:58:50 PM
 #269

Day trading are not for everyone because it requires skills and time to do that everyone. For me day trading is stress because you have to be alert all the time all day long just to make a good entry point and profits as well. I also do trade but not daily, just couple of occasions especially when the market is in dip, then it's a good buy for me and take profit at the top.

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August 06, 2023, 04:11:23 PM
 #270

Many are choosing trading as a profession but since there is no guarantee of regular profit here one must have a source of passive income besides trading. But a jobless person can do day trading to meet his daily expenses but he must also find another source of passive income. he should never depend on trading alone. Day trading or long term holding should be everyone's side income. this is my personal advice. Because crypto trading and holding can suddenly change a person's life but it is not seen regularly
I like your valuable opinion. It would be good if we have extra income for trading. We can't trade with the thought of always making a profit, so it would be good if we have the benefit of extra income along with the trade.  So that with the barti income money one should keep the source of income to run his family and himself. And if someone tries to run his family and himself on top of the entire trade then he will never do well. Yes I have seen investing.  The fortunes of many have changed but I don't know if it is right to expect that the fortunes of all will change.
Trading is very risky, and on top of that, it's such that needs one to detach themselves from the desperate expectations of gains coming from it. Else, the trader will be emotional and you know what the result of that would be. Although the scope of the OP from the beginning is to establish the point that day trading needs more time and that time could be only created by the jobless people which I so much agree with.

Only that there is more to the joblessness in trading. If someone is gainfully employed and still knows how to trade, it's a better arrangement as you might trade less emotion. But that's not the same with someone that fully depends on trading to survive.

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August 06, 2023, 08:46:19 PM
 #271

Many are choosing trading as a profession but since there is no guarantee of regular profit here one must have a source of passive income besides trading. But a jobless person can do day trading to meet his daily expenses but he must also find another source of passive income. he should never depend on trading alone. Day trading or long term holding should be everyone's side income. this is my personal advice. Because crypto trading and holding can suddenly change a person's life but it is not seen regularly
I like your valuable opinion. It would be good if we have extra income for trading. We can't trade with the thought of always making a profit, so it would be good if we have the benefit of extra income along with the trade.  So that with the barti income money one should keep the source of income to run his family and himself. And if someone tries to run his family and himself on top of the entire trade then he will never do well. Yes I have seen investing.  The fortunes of many have changed but I don't know if it is right to expect that the fortunes of all will change.
Trading is very risky, and on top of that, it's such that needs one to detach themselves from the desperate expectations of gains coming from it. Else, the trader will be emotional and you know what the result of that would be. Although the scope of the OP from the beginning is to establish the point that day trading needs more time and that time could be only created by the jobless people which I so much agree with.

Only that there is more to the joblessness in trading. If someone is gainfully employed and still knows how to trade, it's a better arrangement as you might trade less emotion. But that's not the same with someone that fully depends on trading to survive.
Very risky indeed and we do know that you would really be needing up capital on which means that if you are that someone who would really be having that struggling on having a job but ends up on making trading

as their last resort then they would really be putting up themselves on big trouble on which its true that it isnt something an option for someone for them to be able to sustain knowing that trading is never been simple.It would really be requiring that sufficient knowledge and skills for them to be able to survive and making a living. Going into the situation on which on a particular person do ends up on becoming a
real trader or professional is on the time that they could able to sustain out on making profits in the end of the day but acquiring these skills wont really be simple as it sounds.

Yes, there are traders who could really make out a living but if these things are you trying out to pursue just because you do see this is the fastest and worthy way on making yourself having that financial
freedom then you do really have those wrong or misconceptions in mind which needs to be corrected.

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coinerer
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August 07, 2023, 05:58:10 AM
Last edit: August 07, 2023, 01:10:47 PM by coinerer
 #272

Many are choosing trading as a profession but since there is no guarantee of regular profit here one must have a source of passive income besides trading. But a jobless person can do day trading to meet his daily expenses but he must also find another source of passive income. he should never depend on trading alone. Day trading or long term holding should be everyone's side income. this is my personal advice. Because crypto trading and holding can suddenly change a person's life but it is not seen regularly
I like your valuable opinion. It would be good if we have extra income for trading. We can't trade with the thought of always making a profit, so it would be good if we have the benefit of extra income along with the trade.  So that with the barti income money one should keep the source of income to run his family and himself. And if someone tries to run his family and himself on top of the entire trade then he will never do well. Yes I have seen investing.  The fortunes of many have changed but I don't know if it is right to expect that the fortunes of all will change.
Trading is very risky, and on top of that, it's such that needs one to detach themselves from the desperate expectations of gains coming from it. Else, the trader will be emotional and you know what the result of that would be. Although the scope of the OP from the beginning is to establish the point that day trading needs more time and that time could be only created by the jobless people which I so much agree with.
Only that there is more to the joblessness in trading. If someone is gainfully employed and still knows how to trade, it's a better arrangement as you might trade less emotion. But that's not the same with someone that fully depends on trading to survive.
That’s why i am talking about this. trading is risky thing then how can a jobless person afford this risk where he/she is definitely weak financially. so in this situation when that jobless person will loss in trading then he will very emotional and at this point he have  to take loan to meet his Daily expenses. so a jobless person always need to a deep think before start day trading. long term holding is less risky then day trading but it require long patience


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August 07, 2023, 07:00:32 AM
 #273

Funniest thread I read today. I am not laughing at jobless people because officially I am jobless as well. But the point of the thread is wrong and it is actually the opposite. Jobless or people not generating income regularly should never do day trading. Trading is easier said than done after seeing people earning a lot of it. And day trading is even more difficult compared to the other type of traders out there.

This is why I firmly believe that financial management should be mandatory in all courses and even companies and government offices should have a yearly financial management training.

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August 07, 2023, 09:49:34 AM
 #274

In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.
Well, in my opinion you are not exactly right. Even in trading you depend on the market, coin volatility and other things you cannot predict.
Trading is about knowledge and skills, like anything else.
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August 07, 2023, 10:32:23 PM
 #275

Many are choosing trading as a profession but since there is no guarantee of regular profit here one must have a source of passive income besides trading. But a jobless person can do day trading to meet his daily expenses but he must also find another source of passive income. he should never depend on trading alone. Day trading or long term holding should be everyone's side income. this is my personal advice. Because crypto trading and holding can suddenly change a person's life but it is not seen regularly
I like your valuable opinion. It would be good if we have extra income for trading. We can't trade with the thought of always making a profit, so it would be good if we have the benefit of extra income along with the trade.  So that with the barti income money one should keep the source of income to run his family and himself. And if someone tries to run his family and himself on top of the entire trade then he will never do well. Yes I have seen investing.  The fortunes of many have changed but I don't know if it is right to expect that the fortunes of all will change.
Trading is very risky, and on top of that, it's such that needs one to detach themselves from the desperate expectations of gains coming from it. Else, the trader will be emotional and you know what the result of that would be. Although the scope of the OP from the beginning is to establish the point that day trading needs more time and that time could be only created by the jobless people which I so much agree with.

Only that there is more to the joblessness in trading. If someone is gainfully employed and still knows how to trade, it's a better arrangement as you might trade less emotion. But that's not the same with someone that fully depends on trading to survive.
Very risky indeed and we do know that you would really be needing up capital on which means that if you are that someone who would really be having that struggling on having a job but ends up on making trading

as their last resort then they would really be putting up themselves on big trouble on which its true that it isnt something an option for someone for them to be able to sustain knowing that trading is never been simple.It would really be requiring that sufficient knowledge and skills for them to be able to survive and making a living. Going into the situation on which on a particular person do ends up on becoming a
real trader or professional is on the time that they could able to sustain out on making profits in the end of the day but acquiring these skills wont really be simple as it sounds.

Yes, there are traders who could really make out a living but if these things are you trying out to pursue just because you do see this is the fastest and worthy way on making yourself having that financial
freedom then you do really have those wrong or misconceptions in mind which needs to be corrected.
Sooner or later you would really be making yourself getting desperate because you have lost that much, you arent expecting that you will lose money rather than on gaining on which this is really basing up with your initial impression on what most newbies do. You wont really be able to learn up things on point but rather it would really be depending on the experience that you had able to encounter and you would be finding that its never been something that suitable or getting in line on what you do believe basing up on what you do currently encounter. This is why errors or mistakes do usually come at the end because of lack of initial research and lack of understanding on how this market works and not to be able to reassess things which needs to be done first before making such act or step.

I agree on what you have said that traders could make a living out of the market playing with those movements but its not something that everyone could be able to acquire or achieve out.
It would be needing tons of experience and skills for you to find yourself that sustainable.

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August 08, 2023, 03:03:17 AM
 #276

I'm not sure suggesting unemployed people should squander what little money they have on speculative trading which is little more than going to the casino with a fool proof get rich scheme.  Researching stocks and bonds to see which have made a profit, found new resources or patented new things are pointers to stocks that will perform well over time, not which five minute candle has turned from red to green or visa versa.

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August 08, 2023, 05:48:12 AM
 #277

Daytrading isn't a perfect at any cost mate , because this is not as easy as how you express
 this since there are only few who successfully made money in trading world so how come that this become perfect?

better not to believe in this completely because you knew what will happen if you over expecting .
though Jobless needs trading for them to be fit but with care ,
 if they made small mistakes then they will lose everything.

I myself had been here for how many years ,
but I must accept that there are only few chances that I earn more from trading instead HODLING is what brings me more profit from the start.

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August 08, 2023, 08:05:40 AM
 #278


If you do not work and start trading to earn a living, then trading will become your robot. To start trading and do nothing else, you need to devote a lot of time to this business. Everyone wants to stop working for the boss and start trading, but not everyone can do it, because it's not easy. What will you do if you lose money once or twice or three times. After all, do not forget that trading is a very risky business.

Your success rate in trading does not depend on how much time that you put on it. You need such time when you are just starting as a newbie because you are new to everything you are seeing and you need to know how to navigate through it but if you have mastered the act, you only need to watch your trade, analyse your chart and know what trade decision to take. A newbie need such time but not an experienced trader. However, to rely on only trading for a living is going to put pressure on you.
not sure about that, because sometimes Time are bringing us enough space to deal and to decide , not just because of Bot instead because of our effort finding the right one , meaning we need to use time still to earn better in daytrading.









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August 08, 2023, 08:11:32 AM
 #279

Funniest thread I read today. I am not laughing at jobless people because officially I am jobless as well. But the point of the thread is wrong and it is actually the opposite. Jobless or people not generating income regularly should never do day trading. Trading is easier said than done after seeing people earning a lot of it. And day trading is even more difficult compared to the other type of traders out there.

This is why I firmly believe that financial management should be mandatory in all courses and even companies and government offices should have a yearly financial management training.

I find it funny actually that so many comments here as in other trading discussions prove that half of posters at least aren't even trading, or in fact have never traded before in their lives. So much wrong information.

I keep telling people, you trade you learn nothing useful that can help you in life and career unless you actually want to have a trading career.

You can't get things free and easy, life lesson that people fail to get Sad

Only holding is for everyone, trading is not for 99% of people.

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February 14, 2024, 12:33:53 PM
 #280

Solely relying on trading,will require more dedication and consistency in the process of trading.
But I suggest if one has not attained a certain level which might be having constant profits,daily increase in your portfolio,reduced loss,you wouldn't be successful in trying to make trading your only source of income.
Stick to your Job till you can have a proven edge, rather be taking certain percentage of your salary and fund your account,this also reduce your high expectations and relieve pressure and quest for bigger profits.
In essence,Day trading can be done by anyone as far as  the person has a proven edge.

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