palle11
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April 08, 2023, 12:31:04 PM |
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A trader need to other jobs that he can source money from at least until a time he can be successful and consistently make profit from the trade. This means both scalpers and swing trader are involved. Op may be writing in terms of the availability of time for day trading because of the absence of job but it is not to think about it just on the straight way but to also look at the financial aspect of sourcing for funds if the account is liquidated. Every trader needs a source of income.
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Yamifoud
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April 08, 2023, 12:52:14 PM |
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Day trading is not really perfect for jobless persons because is more risky.
And because it was risky, therefore, we were also afraid. I don't think so. Why not try if this will work for us? Because nobody could say that we are not for trading until we try and see the results. If we think that all risky things are difficult and we have no chances, it means that we are closing our doors to improve and become rich. It is a negative mindset perhaps and that kind of thinking will give no way for you to grow but leaven on doubts and worries. And it means that we are losing our opportunities, I should not do that.
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gabbie2010
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April 08, 2023, 03:35:39 PM |
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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.
This is one aim I am fervently trying to achieve in the nearest future by becoming a day trader and fully become independent after quitting my 8-5 job, I wanted a freedom from my boss who always monitor our daily job done, though I am aware of the risk involved in becoming a full time day trader nevertheless there are countless number of traders whose only source of income is trading and are very successful in it, though it took them thousand of charting time and skills to achieve it, I am presently learning how to trade as well as trading live account with small fund with the aim of becoming full time trader, though the learning process had been very tough however I am getting well with the learning.
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Baoo
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April 08, 2023, 03:52:28 PM |
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In general, trading crypto is considered as one the best sources of funds nowadays. However, without knowing the basics of this field professionally, you could not succeed or earn a large amount of money. In facts, it appears that daily trading is unprofitable during this period due to the market is extremely volatile, it is perilous to consider it as a full time job especially for beginners. And If your capital is not huge, it will be definitely tough to gain significantly in short term.
Moreover, it would be better if you focus on long term strategy instead of short one. In my opinion, it is more effective due to the current market’s condition is unstable and the crypto prices are volatile ( they go up and down) with low value. Hopefully the bull run is coming soon and everything is linked to Bitcoin. If it goes up, the whole market will rise.
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Huppercase
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April 08, 2023, 09:32:34 PM |
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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 requires discipline, experience, and dedication; if you lack any of these, profiting will become a career that will reject you, my friend. If you want to become a full-time trader, you must understand how the market moves and the type of coins to trade in order to profit. The amount of profit a trader can make also depends on how reliable the market has been, if it does not have the public's interest, the coins will not move up very well, but when it does and everyone is interested in coins, it will be very easy to make some nice % from daily trading and don't forget that you need experience to complate it.
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blockman
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April 08, 2023, 09:45:20 PM |
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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, everything is right but trading isn't for all. Those that have been making a living on it have a strong heart because the market is too volatile and strong and you want to hear a fact? Losers are more in trading than winners. You may get all the freedom that you want when you trade and get to master it but it won't be an easy route for everyone who like to try it. It is why whenever asks me how they can become a trader, I'm telling them that it's not easy and it will require them a lot of money, yeah for lessons from losing.
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leonair
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April 09, 2023, 09:10:15 AM |
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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.
Yes trade is like a business and there is enough freedom here. And there is no extra work pressure or office boss pressure. But one problem with this is that trading does not guarantee you regular profits. And investing here has high risk where you can lose your money. And trading cannot be considered as a passive income. So even if there is Freedom, you cannot run your family depending on it and it may not be able to meet your regular daily expenses. So it is foolish to depend only on trading without thinking of a job or any kind of business. You first need to find a source of passive income and then you can use trading as a source of extra income and it can be day trading or long term holding
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tjtonmoy
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April 09, 2023, 09:38:41 AM |
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Crypto trading should never be the first choice of someone's primary income. You do understand that crypto trading comes with a high risk right? There are profits and loss both involved in crypto trading. Even the pros are losing now and then. So choosing it as a primary source of income puts you in a very difficult position in terms of emergency situation. Not having another source of income could lead you to bankruptcy. And having something that gives you some constant income helps you to grow it more by putting them in your trading. And sometimes it helps to control your emotions after losing some trades. You can put more in your trade later on. But when you only depend on trading, it becomes difficult.
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virasisog
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April 09, 2023, 11:37:49 AM |
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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.
Day trading isn't for everyone who only want to earn without mastering it and considering its risk. Keep in mind that in trading, you would be needing capital and you have to invest time and eagerness to learn everything about it because if you are jobless and want to make money from it without enough knowledge about it yet, you could probably lose more. It's for people who are mentally, emotionally, and financially prepared.
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Peanutswar
Legendary
Online
Activity: 1652
Merit: 1198
Top Crypto Casino
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April 09, 2023, 01:45:22 PM |
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If the person you are talking about have already a good cashflow and assets I guess its ideal to make a trade, and those people who have a good background of money already can make a commitment with that kind of statement but if you are seeing a person who does not have this given statement I guess focusing in trading can be a waste of money if the person has a lack of knowledge and assets, we know how does the trading possible make a risk and how does the market get volatile with its price movement. If you are jobless but have skills in trading and have a small capital that can make a 5 to 6 digits figure, if trading is in your path but if not your just wasting your money.
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Ziskinberg
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April 09, 2023, 01:59:12 PM |
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If the person you are talking about have already a good cashflow and assets I guess its ideal to make a trade, and those people who have a good background of money already can make a commitment with that kind of statement but if you are seeing a person who does not have this given statement I guess focusing in trading can be a waste of money if the person has a lack of knowledge and assets, we know how does the trading possible make a risk and how does the market get volatile with its price movement. If you are jobless but have skills in trading and have a small capital that can make a 5 to 6 digits figure, if trading is in your path but if not your just wasting your money.
Perhaps, they should be thinking multiple times before entering trading. They must have to know the risk involved here and the consequences of their lapses and mistakes. Because I really don't encourage jobless people to come and trade if they don't have knowledge and skills yet but instead, make use of their money (if they still have it) to find a job. And after landing a job, it was time to look back on trading and try it. What I was trying to say is that they should have secured their finances first rather than believing that trading could save them as it never works so easily, especially for beginners.
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Inwestour
Legendary
Offline
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April 09, 2023, 02:35:07 PM |
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Perhaps, they should be thinking multiple times before entering trading. They must have to know the risk involved here and the consequences of their lapses and mistakes. Because I really don't encourage jobless people to come and trade if they don't have knowledge and skills yet but instead, make use of their money (if they still have it) to find a job. And after landing a job, it was time to look back on trading and try it. What I was trying to say is that they should have secured their finances first rather than believing that trading could save them as it never works so easily, especially for beginners.
Only if you have been trading before and for some reason lost your job, but continue to trade, only in this case it can be a source of income for you. And even in this case, I believe that there should always be an additional source of income, even if trading has become your main source of income, you should have a safety net. There are very few professional traders and they work very hard to understand the market and follow the trend. Imagine if it were that easy, every unemployed person could become a trader and make money from it, but this is not the case, so this is not the best advice for someone who needs a stable source of income.
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tygeade
Legendary
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April 10, 2023, 06:12:23 AM |
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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.
People who think that just because you can spend time on trading, that means you can profit from trading, are not people who know trading fully well. It's a great way of making profit for people who know how to, doesn't matter if they have a job or not, if they are good at it then they are doing a good job and should do it, jobless or not. But, if someone is not good at it and doesn't know how to do it yet, then it doesn't matter if they do it or not, they may do a great job at it, then they can keep doing it, but if they suck at it, they can be as jobless as it gets, have nothing to do all day, and still wouldn't mean that they will suddenly become good at trading.
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Mr. Magkaisa
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April 10, 2023, 08:57:35 AM |
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A trader need to other jobs that he can source money from at least until a time he can be successful and consistently make profit from the trade. This means both scalpers and swing trader are involved. Op may be writing in terms of the availability of time for day trading because of the absence of job but it is not to think about it just on the straight way but to also look at the financial aspect of sourcing for funds if the account is liquidated. Every trader needs a source of income.
- You know that day trading can be done full time as long as you have enough knowledge on how to do it to make a profit every day. And it's not really easy to do. It's not possible to base your income on guesswork here, it's not always like that, he must know how to use tools or understanding in chart or graph readings. Because if you don't have the skills I mentioned, it can be said that you can't do day trading here in the crypto space if full time. You will really need another job and just do this crypto trading part time as a start to it.
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Crypto5060
Jr. Member
Offline
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Theagriverse.io
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April 10, 2023, 04:50:15 PM |
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Becoming a full time day trader has the ability to offer you a financial stable life if can learn how to manage the risk involve in trading.
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Gladitorcomeback
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April 10, 2023, 05:57:42 PM |
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yes day trading could be a good job for jobless peoples but only if you have enough money to invest and knowing how to trade like a professional traders to became a day trader you need to learn how to enters, exits Trading psychology, Emotional control and all aspects of trading to attract the life that you want. The strategies which you describes are good one but in my option even if you have a job, a day trading does not sound good because you have to keep your eye regularly on price as the price Fluctuates in a second. If a person wants to enhance money then putting little amount in Bitcoin will be better but not for short term. In investment your risk will be little and one more thing is that depending on trading is not good because if your hope is just trading and you unfortunately loss money then what will you do? There will be no option for you to keep your money in other business as you will loses your money. Trading can effects financial status because if a person loss little amount then he will try to recover that money so in this case he will face more failure.
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imamusma
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April 10, 2023, 06:21:14 PM |
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The strategies which you describes are good one but in my option even if you have a job, a day trading does not sound good because you have to keep your eye regularly on price as the price Fluctuates in a second.
If a person wants to enhance money then putting little amount in Bitcoin will be better but not for short term. In investment your risk will be little and one more thing is that depending on trading is not good because if your hope is just trading and you unfortunately loss money then what will you do? There will be no option for you to keep your money in other business as you will loses your money.
Trading can effects financial status because if a person loss little amount then he will try to recover that money so in this case he will face more failure. I somehow still think that some people only expect returns from trades while they don't care about the risks. Even though trading is not as smooth as we think because price volatility will determine whether you will succeed in getting a return or even lose because of it. There are times when the strategy is not useful when the market trend changes not according to plan, it should be considered as a risk instead of ignoring it. If actually day trading was the perfect job for whoever they were, then I think everyone would be trading instead of investing long term. I hope we understand how this market works and that perception has to change.
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dollarday
Jr. Member
Offline
Activity: 35
Merit: 4
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April 11, 2023, 02:11:19 PM |
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Becoming a full time day trader has the ability to offer you a financial stable life if can learn how to manage the risk involve in trading.
The issue is many are not prepared for the early loses that come with being inexperienced with trading, and then they quit before realizing the potential to become a profitable trader. Risk versus reward becomes your best friend once you learn to properly manage your emotions and master a profitable strategy.
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Renampun
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April 11, 2023, 03:49:30 PM |
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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.
how beautiful to imagine that; - you keep making money smoothly from day trading + being with your family every day and doing what you love together, but what would happen if you did get into day trading? - what are the happy things that will happen? instead of fighting your mind, not everyone is suitable for daily trading, there are many influencing factors such as mental condition - capital - environment - motivation - skill. being a weekly or a monthly trader, you can still make a profit. I'm going through that I will only sell 25% - 50% (gradually) when the market is bullish then go back to buying with a portion of 25% - 50% gradually too when the market is bearish.
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xSkylarx
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April 11, 2023, 04:15:10 PM |
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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.
Day trading isn't for everyone who only want to earn without mastering it and considering its risk. Keep in mind that in trading, you would be needing capital and you have to invest time and eagerness to learn everything about it because if you are jobless and want to make money from it without enough knowledge about it yet, you could probably lose more. It's for people who are mentally, emotionally, and financially prepared. You will also feel pressured to earn or gain profit as you are jobless. I remember before when I lost my job, I wanted to like earn around $10 a day and that was my target, but I was just starting out, and because I am jobless, I pushed myself hard and learned it in just a couple of weeks, but the outcome was still useless, I couldn't still make my own strategy, I lost in the demo, and everything was chaotic. That is why learning to trade takes time and you should not quit. It is only good for jobless people if the trader is already averaging about $10 in profit per day.
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