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Author Topic: Day trading is perfect work for jobless peoples  (Read 1973 times)
DevilSlayer
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May 06, 2023, 01:15:30 PM
 #181

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.
come on, how can an unemployed person match day trading?

how do you make money if only the income he gets when trading doesn't match expectations!

an unemployed person is better off looking for a more stable job or business then if he wants to change his career to become a trader, he doesn't have to worry anymore about the capital he will use.  Currently, there are many jobs available and also business opportunities that a jobless person can try, but for daily trading, it is very risky.
Being unemployed doesn't mean having no income at all. There are many side hustle today that can really bring good income, Students are taking advantage of it and what more on an unemployed person. Though being stable or having a business is better than just relying on these side hustles. As you know I have an unemployed friend who is now I can say a good trader and gets a good amount of money by just trading. It's also an opportunity for unemployed person to still be productive even if he doesn't have a stable job. Imagine person with disabilities, They are most likely the one who are unemployed but being a trader is one option for them to generate a possible income even they are not physically working.

A case to case basis where we can't weight the percentages of success, there are people who can really make it worthy to stay in trading and make a decent amount of profits, people who knows how to focus in finding the right patterns and good executions of strategy to make money from this venue of investment.

We can't conclude that everyone will have a same outcome as there's some who can succeed and some who will fail.
That is the reason why trading is not for everyone, there are qualities that you should have in order to make successful in this field. I do not agree to some people who said that it is for everyone, I already witnessed a lot of crazy things especially for those traders who experienced huge losses. Do you remember when the $LUNA crashed? there are a lot of traders who did a suicide because of the money that they lost. Crazy right? It is one of the reason why trading is not for everyone.

You need a strong mental fortitude, neutral emotion every single time and good mental flexibility. It is not about reading charts, price, and checking patterns; it is about how you think as a trader. Imagine you do not have any qualities like what I mentioned and you invested your hard earned money to it and then you suddenly lose all of it, what will you feel? how will you respond to what happen? do you have any guts to start all over again and regain what you have been lose? or you will just quit and forget about trading?

I know someone who quit in their trading career because of what they have been loss, one thing is clear for me. Trading is not for everyone especially if you are the person who do not want to take the risk, who are pressure to make profit and who are afraid to make mistakes. Remember that the qualities of the trader can be earn and can be learn. It is up to you on if you will do it or not.
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Josefjix
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May 08, 2023, 06:01:07 AM
 #182

Being unemployed doesn't mean having no income at all. There are many side hustle today that can really bring good income, Students are taking advantage of it and what more on an unemployed person. Though being stable or having a business is better than just relying on these side hustles. As you know I have an unemployed friend who is now I can say a good trader and gets a good amount of money by just trading. It's also an opportunity for unemployed person to still be productive even if he doesn't have a stable job. Imagine person with disabilities, They are most likely the one who are unemployed but being a trader is one option for them to generate a possible income even they are not physically working.
Apart from the main work, an unemployed individual exerts considerable effort in other areas. Most bills are paid through side hustles since that is what keeps them going. Trading requires capital to begin, and not everyone has capital, which is why they tend to pursue side hustles, which might be anything. Students in schools are actively involved in side hustles, whether online or offline, and they maintain printing money in order to fit in the expenses. I've seen traders who perform well because they stay on the proper track, which is their primary responsibility. Staying at home all day and earning more money than those who go out every day. We are all aware of the pressure to go out, particularly during the holidays, we all know the stress to go out specifically during the heavy traffic jam zone to work.

R


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May 08, 2023, 07:22:51 AM
 #183

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.

Are you not an employee? do you know anything about trading? if yes, how long have you been doing trading? and how long did you study trading? Because trading when you don't have any idea here is not that easy for you to immediately understand the ecosystem here so you can earn good or enough money every day.

      If those who have been here for a long time in crypto trading are still making mistakes, how much more are those who don't know?
even more so, am I right? Crypto trading is good if you start here part-time first, but if you don't have a job, you can also do it full-time.



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May 08, 2023, 08:18:25 AM
 #184

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.

Are you not an employee? do you know anything about trading? if yes, how long have you been doing trading? and how long did you study trading? Because trading when you don't have any idea here is not that easy for you to immediately understand the ecosystem here so you can earn good or enough money every day.

      If those who have been here for a long time in crypto trading are still making mistakes, how much more are those who don't know?
even more so, am I right? Crypto trading is good if you start here part-time first, but if you don't have a job, you can also do it full-time.

Plus the difference between being an employee and being a trader is the stressful environment like the workplace something like that. In trading you'll have to understand the system in the market for you to be aware since once you adapt it then it will be easier for you to earn. As he said about freedom, of course it's different to being employed than being a trader since crypto is a decentralized system where you have the control to your funds.

I think it's still better to be employed and doing trading for you to have extra income for you to invest for the future. Still we have preferences if people could live and pay their bills by just full-time trading then it's good. After all we are aiming the same thing is to win.

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rby
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May 08, 2023, 03:23:44 PM
 #185

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.
Your English is not well connected and it may discouraged many people from reading your posts. I'll advise that since English is not your first language like many of us here, you should try to use the grammarly app to run your sentences to make it more connected.

There is nothing bad in making cryptocurrency trading your only source of income. It will only be bad, if you are not good in trading and also, if you attach so much emotion to it.
But if you are an expert in cryptocurrency trading and you have very good capital, there is no doubt that you can depend on cryptocurrency trading to earn a very decent living.
I have seen many people who lives only on crypto currency trading and they are living extremely well.

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May 08, 2023, 03:48:30 PM
 #186

Not having job, not having anything you are doing and only depend on trading? That makes trading to be riskier and it can result to a poor mindset that will not offer anything more than losses. Do not depend on trading.

Even if you have work that you are doing, only use little percentage of your weekly earning for trading, not making it to affect your financial or family financial life.

Very much agreed. Unless the trader has a lot of experience, knowledge and resilience, combining trading with unemployment is a one way street to hardship. All it will take is one mistake or a small succession of bad trades for capital to take a turn for the worst. Even if trades are maintained, the stress of managing trading capital with day to day expenses will make day trading even more stressful than it would be if a job were maintained aside from it. The fact is, stability is needed in order to be able to succeed in trading and as a safeguard for life. Unless a substantial amount of capital and knowledge is available from the beginning, I wouldn't recommend day-trading to anyone who is unemployed to try and make it their lifeline.
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May 08, 2023, 05:39:13 PM
 #187

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.
come on, how can an unemployed person match day trading?

how do you make money if only the income he gets when trading doesn't match expectations!

an unemployed person is better off looking for a more stable job or business then if he wants to change his career to become a trader, he doesn't have to worry anymore about the capital he will use.  Currently, there are many jobs available and also business opportunities that a jobless person can try, but for daily trading, it is very risky.
Being unemployed doesn't mean having no income at all. There are many side hustle today that can really bring good income, Students are taking advantage of it and what more on an unemployed person. Though being stable or having a business is better than just relying on these side hustles. As you know I have an unemployed friend who is now I can say a good trader and gets a good amount of money by just trading. It's also an opportunity for unemployed person to still be productive even if he doesn't have a stable job. Imagine person with disabilities, They are most likely the one who are unemployed but being a trader is one option for them to generate a possible income even they are not physically working.

A case to case basis where we can't weight the percentages of success, there are people who can really make it worthy to stay in trading and make a decent amount of profits, people who knows how to focus in finding the right patterns and good executions of strategy to make money from this venue of investment.

We can't conclude that everyone will have a same outcome as there's some who can succeed and some who will fail.
We cant really make out some conclusions because its never been that possible on knowing on what would be the outcome if someone would decide on dealing or engaging with trading.Yes, this isnt something that recommended for you to deal with and having those hopes that you might really be able make a living with trading.It could be possible but its not something that you could easily deal with and it does require lots of time before you could really be having a good grasps into it. If you do just been doing this just because you dont have job currently then it would be a bad idea. Instead of earning profits you would eventually
losing up your capital which it is really that common for a newbie to have these errors.

Being unemployed doesn't mean having no income at all. There are many side hustle today that can really bring good income, Students are taking advantage of it and what more on an unemployed person. Though being stable or having a business is better than just relying on these side hustles. As you know I have an unemployed friend who is now I can say a good trader and gets a good amount of money by just trading. It's also an opportunity for unemployed person to still be productive even if he doesn't have a stable job. Imagine person with disabilities, They are most likely the one who are unemployed but being a trader is one option for them to generate a possible income even they are not physically working.
Yes, i do consider myself unemployed too but im working from home but without having any company or boss to follow with.Its true that there are lots of side hustles which you could really be
able to engage with as long you are really that serious and dedicative with your goal on earning money but well its never been that easy though.

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May 13, 2023, 04:29:34 AM
 #188

Well, personally I think that seeing trading as a job is something very good, but as long as that person has something good to hold on to, because at some point the market can come against you and everything can go wrong, I don't mind. I would take it as a job unless I have too much money and I don't mind losing it, but in the cases that I have seen that people who take the tradition as a job, very few are right, for me it is something delicate and that You must be very careful,trading is not like a casino where everything is left to chance, I think it is much more.

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May 13, 2023, 10:43:07 AM
 #189

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.
come on, how can an unemployed person match day trading?

how do you make money if only the income he gets when trading doesn't match expectations!

an unemployed person is better off looking for a more stable job or business then if he wants to change his career to become a trader, he doesn't have to worry anymore about the capital he will use.  Currently, there are many jobs available and also business opportunities that a jobless person can try, but for daily trading, it is very risky.
Being unemployed doesn't mean having no income at all. There are many side hustle today that can really bring good income, Students are taking advantage of it and what more on an unemployed person. Though being stable or having a business is better than just relying on these side hustles. As you know I have an unemployed friend who is now I can say a good trader and gets a good amount of money by just trading. It's also an opportunity for unemployed person to still be productive even if he doesn't have a stable job. Imagine person with disabilities, They are most likely the one who are unemployed but being a trader is one option for them to generate a possible income even they are not physically working.

Self-employed is different from being an unemployed. Unemployed means you don't really have a source of income, even though you'll say you have savings to spend in trading, that will not be suffice since there's no guarantee of making profits as a beginner, more chances of losing I might say. So it is really important to have a source of income before engaging to trading, whether it's futures or spot.
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May 13, 2023, 11:29:16 AM
 #190

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.

There is no doubt that many people are making good profits from day trading.But day trading is not that easy as it requires a lot of experience and hard work.Because trading is a platform where there is a lot of risk and also the market fluctuates a lot.Sometimes even good and experienced traders get lost in day trading.Often when you buy a token the price goes down a lot from there then you may have to wait a long time for it to go up.

I think you should take up day trading as a part time job but don't take it as a full time job.You should not only make daily trading as a source of your income but must do some other business along with it.

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May 13, 2023, 11:52:06 AM
 #191

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, can be taken up as a professional career for those and anyone who choose, trading is a respected profession in the financial world, why? Because it's not an easy task to trade profitably, it takes good knowledge, mental and emotional strength and energy, mastering some type of skills like, ability to read charts and understand what all the patterns means, ability to use different types of tools to analyze the market, it takes this and more to really be a successful trader..
Banks and other financial institutions hire professionals traders to trade the financial market for them, and they pay this guys good money..

So don't see trading as a work for the jobless, because trading on its own is a great work and a really nice and respected profession any body who has its knowledge should be greatly proud of.

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May 13, 2023, 06:31:23 PM
 #192

A case to case basis where we can't weight the percentages of success, there are people who can really make it worthy to stay in trading and make a decent amount of profits, people who knows how to focus in finding the right patterns and good executions of strategy to make money from this venue of investment.

We can't conclude that everyone will have a same outcome as there's some who can succeed and some who will fail.
Such person i'm sure are rare, what i know from my experience from everyone that have tried trading in their career is that most of them don't even qualify to be called making consistent income, sometime they lose sometime the win and losing is occuring more frequently. I don't know if someone have differing experience, but from what I can tell, majority of traders are just giving away their money to the big traders, meaning they are losing. even strategy of following technical analysis are called by some useless because even the whales use such strategy to determine on what the general public gonna do and then make decision against it so they got the upper hand in that case it just means that the bigger fish always swallow the smaller ones.


The influences of whales are still making a huge effect especially for those small time traders who are not willing to lose a lot, with some shake in the market, this kind of investors will sell their asset due to fear that they will be losing a lot, a psychological effect by big bag holders who wanted to make decent profits.

They are using their big capital to make some market movements, artificial shake that can affect small to average investors.

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May 13, 2023, 07:42:49 PM
 #193

Yeah, its really hard when we can't meet our family's needs since it's our responsibility we find any way to fulfill our responsibility. But if I don't have enough money to fulfill my family's needs I will prefer on getting a passive income rather than risking my money in trading, Trading in crypto is really volatile we can't predict where the market will move although many decent analysis saying the crypto will go at a certain point.

I agree with you. It's sometimes very different having to work hard in order to be able to take up our responsibilities and handle the needs of our family, and in such a situation, it's really not so wise to start risking the little money they are getting on crypto trading because it is very risky. Crypto trading is more risky than holding Bitcoin. The reason is that during crypto trading, if the market becomes so volatile and you have set a very high leaverage, the capital of the trader will be liquidated, but in holding your Bitcoin in your wallet, there is still hope that when the bull market comes, there will be some profits to your holding.

Someone who is looking for a source of income should not just rush into crypto trading unless they have some other source of income already; otherwise, let them look into fulfilling their needs first or either look for another means of growing their income that is low-risk

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May 13, 2023, 07:53:20 PM
 #194

One of the most rewarding and challenging careers in the world is trading. Jobless people learning trading will be more worth. At the same time the risk factor also high. Trading is not easy like other jobs, first you have to thorough all the trading platforms. Trade for small small amount then you increase little by little.

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RewFrew
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May 14, 2023, 06:59:44 PM
 #195

No i cannot think that. Anyone shouldn’t depend on day trading. It is not real thinking i think. Because trading has two parts, profit and loss. If you loss money then you will be frastated. And day trading is vary risky if market qill go your Against you then that trade will be long trade. So i am not positive for day trading. And i never think Day trading is perfect work for jobless peoples.

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May 14, 2023, 08:23:58 PM
 #196

A case to case basis where we can't weight the percentages of success, there are people who can really make it worthy to stay in trading and make a decent amount of profits, people who knows how to focus in finding the right patterns and good executions of strategy to make money from this venue of investment.

We can't conclude that everyone will have a same outcome as there's some who can succeed and some who will fail.
Such person i'm sure are rare, what i know from my experience from everyone that have tried trading in their career is that most of them don't even qualify to be called making consistent income, sometime they lose sometime the win and losing is occuring more frequently. I don't know if someone have differing experience, but from what I can tell, majority of traders are just giving away their money to the big traders, meaning they are losing. even strategy of following technical analysis are called by some useless because even the whales use such strategy to determine on what the general public gonna do and then make decision against it so they got the upper hand in that case it just means that the bigger fish always swallow the smaller ones.


The influences of whales are still making a huge effect especially for those small time traders who are not willing to lose a lot, with some shake in the market, this kind of investors will sell their asset due to fear that they will be losing a lot, a psychological effect by big bag holders who wanted to make decent profits.

They are using their big capital to make some market movements, artificial shake that can affect small to average investors.

So what would be the solution?

Just go with the flow on which you shouldnt really be contradicting specially into these kind of manipulative times where there's really a market shake off, but how we would be able to determine it?
There's no way on doing so, this is where experience would kicked in because you would really be having the idea on what you should gonna do on which most newbies or amateurs would really be
just easily panic on the time that they would be seeing some market decline or simply those deep reds on their portfolio.

Day trading isnt something that simple that you could deal with and easily mentioned with specially on being jobless.Its not your end game or viable option or really the hope on making
your life better.Yes, it could changed up your life in speaking about finances but acquiring or getting such skill and sustainability about trading is never been that
simple since from the start.It isnt really for anyone.

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May 14, 2023, 09:53:22 PM
 #197

Well, personally I think that seeing trading as a job is something very good, but as long as that person has something good to hold on to, because at some point the market can come against you and everything can go wrong, I don't mind. I would take it as a job unless I have too much money and I don't mind losing it, but in the cases that I have seen that people who take the tradition as a job, very few are right, for me it is something delicate and that You must be very careful,trading is not like a casino where everything is left to chance, I think it is much more.

Of course, trading can be a potential earning job but the question is how these jobless people survive in a situation where trading never guarantees profit every day. They might start trading today but later on, they still then quit and take their money back as they can't hold. Because trading is not suitable for impatient people, not suitable for those who wanted to earn profit daily, and if we are looking into such thing, then trading is not the right place for them.

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May 14, 2023, 11:31:54 PM
 #198

Of course, trading can be a potential earning job but the question is how these jobless people survive in a situation where trading never guarantees profit every day. They might start trading today but later on, they still then quit and take their money back as they can't hold. Because trading is not suitable for impatient people, not suitable for those who wanted to earn profit daily, and if we are looking into such thing, then trading is not the right place for them.
It is better to not rely on day trade for monthly income. We must have a main job in real life. Not every day we can earn profits from day trade, sometimes we must get losses. Even if someone can be patient, it is not enough to get money from trading. I guess even experienced traders must have main jobs in real life, they only trade for additional income. As far as I know, trading isn't an instant way to get money.


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May 15, 2023, 07:08:06 AM
 #199

I think you definitely need your own capital when you rely entirely on trading. In order to find a source of income for your livelihood, you need to acquire the skills and knowledge on trading thoroughly. If you don't have good knowledge about trading in general then don't take risk by trading it may result in loss of your money. If you are trying to make a living by trading then it will be good for you but start small rather than investing high amount of money. Surely if you start your business in this way you will find a good source of income in future. And from here you can save and create a good fund for the future and be particularly successful.

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May 15, 2023, 07:45:52 AM
 #200

I am half disagree with this OP, I believe trading will be perfectly suited for jobless people "IF" they are very good in trading. But if someone is jobless, and with zero knowledge in trading. You will end up being a homeless guy as being jobless and your remaining money will become liquidated.  Be sure to become knowledgable first before risking your emergency money.

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