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Author Topic: Day trading is perfect work for jobless peoples  (Read 1983 times)
concept2
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April 04, 2023, 04:24:32 AM
 #41

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.
Yo, if you're jobless and looking to make some cash while living your best life, day trading may seem like the dream hustle. But, don't be fooled by the hype. It takes a lot of skill, dedication, and hustle to make it big in this game. It ain't no easy come up, so do your homework, get some pro advice, and come up with a solid plan before diving in headfirst.
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April 04, 2023, 04:37:53 AM
 #42

It's really good to be your own boss. I mean, you don't need to work for other people just to earn. But if you're going to rely in day trading and will go full time, how sure you are to succeed as a day trader? Because it's a risky thing to rely alone in trading, especially if you have a family counting on you to provide for their needs.
That's the reason why I got interested in trading and I'm sure it's also the reason why others got into trading. Many people say that trading is not easy and you have to experience big losses before you succeed. But because I am very motivated that this trade will be the reason that we can get out of this severe financial difficulty, instead, this is what is making the difficulty worse for many.
I experienced many losses and severe stress in trading before. I backtested my strategy and I said that it works but why does it fail when I go live trading? I realized that the reason for this is our emotions. I always put it in my mind that we can get rich from trading in short period of time, so because that is our mindset, we can make trades without following the trading plan. So the probability that the trade will be a loss will increase.

For those who plan to enter trading because life will be relaxed, don't be fooled by that. Strong mindset and self discipline is what you need to be successful because it will be difficult to follow your trading plan without it.

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doomloop
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April 04, 2023, 05:49:50 AM
 #43

All of us really want freedom, like a work from home setup where we are not drowning in tasks and things to do so that you can play with your family or just chill, but the sad truth is that it isn't that way. Yes,  day trading gives you a lot of time, but that doesn't mean that it is profitable and those jobless people can make a living on it. Mostly for people like us who are making trading a side hustle, it is difficult to sustain it, mostly if you are jobless because you are looking for a profit on a daily basis because if not, you'll have nothing to eat. It is easy to say but difficult to do.
The very first and foremost thing someone should think of when they decide to become a day trader is the capital. Your profit from your trades depends on the money you've invested for each of the trades, if you invest $100, and get 1%, it's just $1, but if you invest $1000 and get 1%, that's $10 for you. So capital plays a very vital role in day trading.

And, I don't think that a person who is jobless and needs a source of income will be able to put together capital enough for him to be able to do day trading with the success that can make his life easier and he wouldn't need to do anything else apart from it.

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April 04, 2023, 08:51:58 PM
 #44

This is the best example that trading is also a difficult job it involves money and it will eat most of your time. There are some people who are underestimating people who do traders.
The worst part is trading will eat most of your time and sometimes you can't guarantee that you will have profits.
So, overall, we must have to balance our time when we are trading and we must manage it also.
How jobless people can have money for trading?

If they don't have regular income from jobs, how should they risk their life and put their family at risk with trading?

They should not use their personal or family savings for trading especially when they are jobless. If they lose all savings in trading, without jobs, they will have life-challenging problem that is not good at the end.

There are professional traders who consider and have trading is their main jobs. They are not jobless traders.
That is only the problem there, capital but a jobless person must learn how to trade well of course before anything else. After it, maybe they can find free sources of cryptos first like faucet or on this forum. They can also borrow money from their family members or friends because the consequences are less serious there in case they can't pay on time. That is the start of making trading a full time job.

For those who already have a job, they can still do trading in full as there are trading bots which allows them to trade on the background while they do their main task in the office or field. No need to quit our jobs this way. Other than trading, another good way of maximizing our income is crypto investing.

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April 04, 2023, 09:30:32 PM
 #45

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.
It shows how good you're trading at. Tongue

Trading isn't a fun job, its real serious job which is more stressful than 9 to 5 job because its available 24/7 so you have to keep looking at the market all the time and also it can lead to mental illness when the results are not in the way as you expected.









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April 04, 2023, 09:50:03 PM
 #46

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.
Trading is also a serious job that you need to focus, probably you'll spend a lot of time here than working in a company.
The good thing here is that, you can control your time and you will be the one to decide if you are going to trade or not.

Considering trading as your main source of income and as your job requires a lot of risk and knowledge about trading, the risk are high but the reward can also be high. I know a lot of full time traders and they are doing good. Patience will also matter in trading since its not always about buying and selling, most of the time you will wait for your strategy to work. I'm hoping to be a full time trader as well, this is a big dream for a small time trader like me.
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April 05, 2023, 01:52:55 AM
 #47

Day trading isn't an easy job, so I disagree with you @ OP because In my opinion, I don't think day trading is met for feeble minds because day trading requires alot of time and attention and since it has to do with money and it also works on the principles of garbage in, garbage out which simply means that your amount of profit depends massively on how much capital was inputted.
I think OP needs to have a rethink if all you've wrote here where the stories they've told you about day traders because I would boldly say that, day trading isn't an easy task and say traders are one of the most engaged persons as there eyes are always fixed to the screen.

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April 05, 2023, 02:55:14 AM
 #48

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.
Trading is also a serious job that you need to focus, probably you'll spend a lot of time here than working in a company.
The good thing here is that, you can control your time and you will be the one to decide if you are going to trade or not.

Considering trading as your main source of income and as your job requires a lot of risk and knowledge about trading, the risk are high but the reward can also be high. I know a lot of full time traders and they are doing good. Patience will also matter in trading since its not always about buying and selling, most of the time you will wait for your strategy to work. I'm hoping to be a full time trader as well, this is a big dream for a small time trader like me.
risks in trading can actually be controlled according to our trading style. as long as it's in accordance with the rules we've planned, I don't think there's too much to worry about the risks. because most people forget their initial goals, for example from daily trading, because of wrong analysis, then they end up holding it in the long term. and actually if we are good at managing ourselves, we can trade anywhere and anytime, we can even leave transactions for other routines, by placing targets and SL

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April 05, 2023, 05:18:36 AM
 #49

Too many people always want an easy life, easy to gather with family and still make a lot of money, easy to fulfill life's desires and other conveniences, especially when you see many people who have succeeded in doing it without ever finding out how long these successful people were before they finally succeeded and enjoyed success from his trade.
Making trading as a second job will make it easier for you to succeed than when making trading your main income because the pressure on our psychology is enormous and when you don't make the money needed to meet your main needs, it will be even more stressful which will allow you to make the wrong decision. So as long as you still have a main job, don't leave it, until trading can really make you very big money.

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April 05, 2023, 07:19:16 PM
 #50

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.
It is true that day trading is good source of income but i am not agree with you that day trader is suitable for jobless person. Day trading cannot guarantee you profit because some time it can result in lose also. Possible reason maybe Market crash, failing of your trading coins and other factors which can cause lose. Day trading is not easy and its required skill and some knowledge. without proper skill you can day trading is risky especially for jobless person who has no backup after losing investment.

I will suggest Day trading as a extra income and profit can be used for luxury life because You can meet only your basic needs with a job and for luxury life you have to do some extra work and day trading is best option for this.

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April 05, 2023, 08:11:45 PM
 #51

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.
I would guess just the opposite. If you have a regular income, then if you end up trading with part of your income then if you lose, you still have an income that you can go back to. I have a salary, and I put some part of my salary into investing and I put some part of that investing into trading as well, if I lose 100% of it, I would still be fine, because I have a salary at the worst case.

I have lost all my money multiple times because of life stuff, my salary brought me back on my feet each time. This is why it's quite important to have a salary, if you are jobless, you either make a profit from trading or you are doomed, and that is not a good way to do it.
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April 05, 2023, 08:18:03 PM
 #52

it's important to note that self-employment and day trading also come with their own challenges and risks. It can be difficult to establish a steady income stream and maintain financial stability, and there is often a significant amount of uncertainty and volatility in these types of industries.

Ultimately, it's important to carefully consider the potential benefits and drawbacks of different career paths, and to choose one that aligns with your goals, values, and lifestyle preferences.

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April 05, 2023, 08:18:07 PM
 #53

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.
Easy to say but would really be the toughest challenge that you could really have on your life and also even if there might be those people who do able to make their lives better because of trading but we dont actually know the numbers or percentage to those who had able to succeed on this market.

I would say that this isnt something that easy to achieve and not that simple for us to reach on this state.If ever you have succeeded then it would really be forever skill that you would be able to make
yourself sustain even if you dont have a day job or do have a boss.This is where most people been targeting this kind of life but of course reaching out something like this
cant really be that possible or would be that easy.

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April 05, 2023, 09:09:48 PM
 #54

It would be foolish to say that day trading is perfect work... something we can say wall all jobs out there, the "perfect job" is not and can't be perfect for all. People should be free to try things (in this case day trading) within their possibilities. If we don't try we can't now, but we need to know what are the possible risks (do your own research!), and even more important what we are risking, can we afford it?

The bottom line is always the same, take a good look before you get into something... be free to try it, but never risk more than you can afford to lose, that will cause trouble. 

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April 05, 2023, 11:57:44 PM
 #55

it's important to note that self-employment and day trading also come with their own challenges and risks. It can be difficult to establish a steady income stream and maintain financial stability, and there is often a significant amount of uncertainty and volatility in these types of industries.

Ultimately, it's important to carefully consider the potential benefits and drawbacks of different career paths, and to choose one that aligns with your goals, values, and lifestyle preferences.
Trading could neither be full time or sideline depending on how much time you could be able to allocate on it and we know that there are even people who do have dayjobs but
still having that trading side job which do adds up into their overall income which is something that you do really like.Day trading is something that do needs sufficient time
or somewhere you could say that it would be needing that full time engagement which it isnt that possible for those people who do have day jobs or something.
So its up according into your preference on which you would be choosing.
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April 06, 2023, 03:30:59 PM
 #56

well, if they were really cut out for trading then it would be the perfect job. even more so when they have trading skills, and are quite skilled at making profits. I think, very many people who don't have a job then choose this job and build another business. however, this job is very profitable if we focus. However, the downside of this job to unemployed people is that when they don't have trading skills, their money can run out quickly if they can't do analysis and speculation.

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April 06, 2023, 04:05:38 PM
 #57

Making trading as a second job will make it easier for you to succeed than when making trading your main income because the pressure on our psychology is enormous and when you don't make the money needed to meet your main needs, it will be even more stressful which will allow you to make the wrong decision. So as long as you still have a main job, don't leave it, until trading can really make you very big money.
A person can choose his own way of life as long as that choice is profitable. Also, don't always think that your main job is much more profitable than a side job, especially if your main job only generates under standard income.

There are many examples in the real world of someone working all his life but having nothing, his salary is only enough to meet his needs for less than a month and it will get worse when inflation. Although I agree that trading is not always profitable for traders, but on many occasions in my opinion it is still very possible for traders to get profits that may be equivalent to 4-5 months of income from their main job. Also there are some other side jobs that pay more when they have skills, that is content creator. But anyway I don't recommend anyone to quit their main job even if the side job generates more income.

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April 06, 2023, 04:42:09 PM
 #58

Our family educates us with a good education in the hope that we will get a good job with a good education. No matter how good a job I do, it is completely under someone else's control. If you can do something yourself, then it is completely independent. 
But there are still many educated people in our society who are living unemployed life due to lack of jobs but they can choose daily trading as their profession if they want. Let me tell you how,
People who are unemployed first need to get a rough understanding of trading then they need to fix a target every day that what amount of profit they can make every day they can do well. If so, I think training can be taken as a profession.

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April 06, 2023, 04:54:04 PM
 #59

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
Day trading without a day job at hand is like running a motorcycle without having insurance. Your day job is your daily "stable" income, there can be no alternative to that. Day trading will never be a stable income but a up and down cycle, sometimes earning big amounts and sometimes incurring losses.

If you think what you said is correct, there would not be no work-frustrated person in the world and everyone would be trading and become rich.

Quote
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Day trading draws a lot of your time and effort from you. You would be spending more time analyzing charts for daily trades than spending with your family. Not sure where you are getting the wrong idea.

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Also freedom from your Boss.
You might hate your boss but trying being the boss for one day and you will realize how tough it is.

R


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April 06, 2023, 05:11:40 PM
 #60

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.
In my opinion, trading is only appropriate for us to make as a side job because even though no matter how good we can make a strategy for trading, there is no guarantee that with this skill we can continue to earn income at any time so that we will not be able to meet our daily needs, preferably just focus on other jobs in real life to make a living, don't completely depend on trading, especially with trading sometimes it can make us lose everything in an instant.

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