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Author Topic: Trading is not a lifetime job.  (Read 1893 times)
mirakal
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June 10, 2024, 11:54:11 AM
 #261

I think it can be the both,some persons see it as a lifetime job,while some persons do not see it as such,but for those who see it as a lifetime job,they are the ones who go extra mile to knowing more things about trading.They lose more,get more experience and try new things about trading Because they believe they want to earn a living through it.While these other set of people who assume trading is not a lifetime job only feels it is right to trade at their convinient,and to trade when they have no pressure on them,and with a lesser amount.They believe trading is more risky that we can immagine.
If you are a trader, would you think it is right or a lifetime job for you? Because I don't assume that all people understand what is trading nor all traders know exactly what they are doing now. Most of them just jump into trading because of the influence of their friend and on social media but they know nothing about this. They feel excitement now but later on, they will say goodbye because of losses and bad experiences.

Convenience is one factor that we consider why we stay long from trading but when we grow old, our minds change and our convenience may change as well. We may say trading is our job now but it can't be a lifetime due to some reason that affects our decisions and lifestyle.

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June 10, 2024, 11:59:00 AM
 #262

Yes, of course trading cannot be your main job for life on a daily basis. a lot of time is wasted and even losses continue to haunt traders, many traders have stopped due to certain factors such as health and mental health at the time of loss. Profit from trading is very tempting, for someone who has a clear mind, health is more important than trading which has risks at any time.

Most of the people are assuming trading as a regular job but they forget that a regular job is just for five to six hours while for trading you will be active for 24 hours because the market price can change anytime. Regular jobs are beneficial in terms of salary because it will allow you to give a salary even if you are sick and will give you pension when you become unable to continue a job while in trading if you trade accurately you will be rewarded otherwise you will lose your own money due to wrong selection.

Health is wealthy so if you think that trading is making you more stressful then don't trade because due to this stress your health will become worse. Trading can give you more profit as compared to a job but in a job there is no chance to lose money while in trading you will be completely at risk and there will be chances for both loss and win.

Exactly, if you think that trading only cause more stress then much better to find other ways to earn, though for traders itself they find the place as a good venue to make money, I'm talking about those who manage to balance both time and money for their trading sessions, those people can survive with how the business works and they prefer to go with the flow and still manage to make some decent earnings or still manage to make it profitable in the long run, but for those who can't deal with stress as you mentioned,

health is wealth and you should choose health and stop being stress if you don't know how to handle each situation that you experienced inside trading, as that sayind said,trading is not for everyone and on my opinion not a lifetime job for those who can't deal with fluctuation that cause emotional stress.

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June 10, 2024, 01:38:02 PM
 #263

I think it can be the both,some persons see it as a lifetime job,while some persons do not see it as such,but for those who see it as a lifetime job,they are the ones who go extra mile to knowing more things about trading.They lose more,get more experience and try new things about trading Because they believe they want to earn a living through it.While these other set of people who assume trading is not a lifetime job only feels it is right to trade at their convinient,and to trade when they have no pressure on them,and with a lesser amount.They believe trading is more risky that we can immagine.

Maybe there are those who trade as their main source of income. perhaps they even only earn income from trading. but maybe one of the family members has to help to meet the needs. meaning there are other people who also work in the family.
when a trader has to meet his needs every day, it means he is trading under pressure. and it requires extraordinary calm to make money every day. Maybe you don't have to trade every day, but you definitely have a target to achieve certain profits.

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June 10, 2024, 02:22:06 PM
 #264

I think it can be the both,some persons see it as a lifetime job,while some persons do not see it as such,but for those who see it as a lifetime job,they are the ones who go extra mile to knowing more things about trading.They lose more,get more experience and try new things about trading Because they believe they want to earn a living through it.While these other set of people who assume trading is not a lifetime job only feels it is right to trade at their convinient,and to trade when they have no pressure on them,and with a lesser amount.They believe trading is more risky that we can immagine.

Maybe there are those who trade as their main source of income. perhaps they even only earn income from trading. but maybe one of the family members has to help to meet the needs. meaning there are other people who also work in the family.
when a trader has to meet his needs every day, it means he is trading under pressure. and it requires extraordinary calm to make money every day. Maybe you don't have to trade every day, but you definitely have a target to achieve certain profits.

Exactly, I like your idea above, that making trading as the only place to earn means that the person will trade under pressure, while it is very clear that every trader is required to always have a good level of calmness in order to maintain mental and psychological. This means that making trading the main job to support all the needs of life is too risky, which is clear that in trading it is not only about profit opportunities but the risk of loss will always be a part that sometimes cannot be avoided completely.

What this means is that I really can't imagine when someone makes trading the main place to make money because basically the name of necessity will never be tolerated, meaning that when you need money for anything like buying food for your family then what if it turns out that you have a loss in the trading session that you do? of course that can be a problem. I understand that there are many people who can indeed become rich by trading, but make sure that before you become an experienced enough trader you should not leave your main job.

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June 10, 2024, 02:40:14 PM
 #265

Trading as we know is not a retirement entitlement where people will trade for their lifetime without breaking or giving it space, there are some people whom it may not favor for long run rather after some years they may decides to go into real physical business to enable them grow faster. In other hands there are people who are so much lover of trading and don't mind any peanut they are gaining from every single trade, provided they are comfortable with it don't mind keep trading. Their problem could likely be eye (health) problems for those who are not good in looking white screenshot or that can't look white screen for long.

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June 10, 2024, 11:16:44 PM
 #266

I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
 1. It is quite stressful - old traders will soon give up due to mental health problems
 2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
      Most of the time we feel this during bear season.
 3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.



I strongly disagree with you with the first one.

The reason why I'm opposing to this is because, for those who are passionate about trading, have a strong understanding of the markets, and possess effective risk management skills, trading can be a fulfilling and potentially lucrative career choice. Many successful traders have built long-term careers in the financial industry, managing their stress levels through proper planning, discipline, and a focus on continuous learning and improvement.
That's true, it is really a lucrative career if you are good at it but to get to that point, you'll have to be in every sides of it and you'd probably experienced the worst of the worst of this market and the best out of it. So, if you're too disciplined and wise in decision making, you'd make a good run with trading. But even with the others that are trying it and yet, they're unsuccessful doing so. It's not for everyone to do it as a full time job. You can be an investor and trade casually but not wholly.

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June 11, 2024, 08:59:01 AM
 #267

A trader is always advised to secure a permanent employment first and then take up trading as your alternative career. The permanent employment you will have will support your family and your financial situation and the money you will earn from trading will definitely be an additional income for you. This is why permanent employment is talked about without giving full attention to trading so that you or your family are not in any uncertainty. For example, the fact that you will make a profit by trading is uncertain, so when you are based on this uncertainty and later when you have any danger or large financial needs, you will not get those money from trading. Since the working period is eight hours to 12 hours, during this time we can spend the rest of the time for trading.
It's not like a person can't become a full-time trader and earn an income through trading, but it's just that they need some initial security to be able to do that. By initial security I mean an amount that they should have as spare just in case they don't start earning money very soon, they can use that money for their daily or monthly expenditures until they start making a profit from their trading activities.

It's not easy to become a full-time trader because you will need a lot of time and dedication and you will also need gain a lot of knowledge before you can get into the market and start opening your wings. Many people make the mistake of trying to earn a living through trading without gaining enough knowledge first and eventually lose their capital which is a wrong way to get started.

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June 11, 2024, 10:29:11 AM
 #268

I think it can be the both,some persons see it as a lifetime job,while some persons do not see it as such,but for those who see it as a lifetime job,they are the ones who go extra mile to knowing more things about trading.They lose more,get more experience and try new things about trading Because they believe they want to earn a living through it.While these other set of people who assume trading is not a lifetime job only feels it is right to trade at their convinient,and to trade when they have no pressure on them,and with a lesser amount.They believe trading is more risky that we can immagine.
For those who are experienced, of course they have gone through difficult times in their learning for quite a long time, such as the time and money they have spent so far. If someone who is new wants to try it, actually it is not a problem as long as there is still income every month from work, and we can learn from previous mistakes, but this job is not easy, it requires a very long process, of course a lot of money has to be spent during the learning process the And this can be a provision for you in the future, but we must have extra perseverance and patience in learning to achieve all this and be able to get additional income from there.

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June 13, 2024, 08:26:23 AM
 #269

Maybe there are those who trade as their main source of income. perhaps they even only earn income from trading. but maybe one of the family members has to help to meet the needs. meaning there are other people who also work in the family.
when a trader has to meet his needs every day, it means he is trading under pressure. and it requires extraordinary calm to make money every day. Maybe you don't have to trade every day, but you definitely have a target to achieve certain profits.
If you make trading your main source of income, of course this will be very difficult if you experience successive failures when trading and to be able to profit from trading well, of course we must first master trading well and also have good trading skills, of course. we will be able to analyze the market and make the right decisions on the trading we do.

In order to achieve the target we want in trading, of course we have to be very good at analyzing the market and when the target is achieved, we have to continue to carry out the plans we have made and don't let us become greedy in trading which makes us experience losses in the trades we make.

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June 13, 2024, 02:10:44 PM
 #270

Trading as we know is not a retirement entitlement where people will trade for their lifetime without breaking or giving it space, there are some people whom it may not favor for long run rather after some years they may decides to go into real physical business to enable them grow faster. In other hands there are people who are so much lover of trading and don't mind any peanut they are gaining from every single trade, provided they are comfortable with it don't mind keep trading. Their problem could likely be eye (health) problems for those who are not good in looking white screenshot or that can't look white screen for long.
Well, apart from that, I don't think people will always take risks in trading. Personally, I feel that trading is a quick, risky way to make money. So, when a lot of money has been made from trading, the ultimate target is investment, or developing a physical business. After all, everyone wants to make the most of their old age with a business that has grown and given them financial freedom. So, I think trading is not an end goal and a lifetime job.

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June 13, 2024, 05:45:08 PM
 #271

Trading as we know is not a retirement entitlement where people will trade for their lifetime without breaking or giving it space, there are some people whom it may not favor for long run rather after some years they may decides to go into real physical business to enable them grow faster. In other hands there are people who are so much lover of trading and don't mind any peanut they are gaining from every single trade, provided they are comfortable with it don't mind keep trading. Their problem could likely be eye (health) problems for those who are not good in looking white screenshot or that can't look white screen for long.
Well, apart from that, I don't think people will always take risks in trading. Personally, I feel that trading is a quick, risky way to make money. So, when a lot of money has been made from trading, the ultimate target is investment, or developing a physical business. After all, everyone wants to make the most of their old age with a business that has grown and given them financial freedom. So, I think trading is not an end goal and a lifetime job.

That's good and the conclusion that I get from the idea that you said above is that it's better that we only make trading as a short-term intermediary to make some money and then those profits are diverted to other things that have more certainty in terms of providing guaranteed profits. I agree with that because it makes sense, and one of the reasons I can give about why trading is better not to be made a lifetime job is because it is impossible for someone to continue to train their mind and continue to learn various strategies in the world of trading in order to always be able to adapt to the market to make a profit, and that is something that is difficult to do for people who have entered the age of 70 years and over where the fitness and brain work system will decrease, and another thing is the fact that when someone has entered the elderly phase then usually they are very easy to forget everything they knew before. So in essence I quite agree with your idea that it is better to only make trading as an intermediary or one of the places to earn income and then allocate it to other places that may be more promising such as investment or physical businesses that are not too difficult to manage.

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June 13, 2024, 05:58:55 PM
 #272

Trading as we know is not a retirement entitlement where people will trade for their lifetime without breaking or giving it space, there are some people whom it may not favor for long run rather after some years they may decides to go into real physical business to enable them grow faster. In other hands there are people who are so much lover of trading and don't mind any peanut they are gaining from every single trade, provided they are comfortable with it don't mind keep trading. Their problem could likely be eye (health) problems for those who are not good in looking white screenshot or that can't look white screen for long.
Well, apart from that, I don't think people will always take risks in trading. Personally, I feel that trading is a quick, risky way to make money. So, when a lot of money has been made from trading, the ultimate target is investment, or developing a physical business. After all, everyone wants to make the most of their old age with a business that has grown and given them financial freedom. So, I think trading is not an end goal and a lifetime job.

That's good and the conclusion that I get from the idea that you said above is that it's better that we only make trading as a short-term intermediary to make some money and then those profits are diverted to other things that have more certainty in terms of providing guaranteed profits. I agree with that because it makes sense, and one of the reasons I can give about why trading is better not to be made a lifetime job is because it is impossible for someone to continue to train their mind and continue to learn various strategies in the world of trading in order to always be able to adapt to the market to make a profit, and that is something that is difficult to do for people who have entered the age of 70 years and over where the fitness and brain work system will decrease, and another thing is the fact that when someone has entered the elderly phase then usually they are very easy to forget everything they knew before. So in essence I quite agree with your idea that it is better to only make trading as an intermediary or one of the places to earn income and then allocate it to other places that may be more promising such as investment or physical businesses that are not too difficult to manage.
It wont really be just that limited on trading alone but also in other jobs as well or whatever you are earning into. It would really be always ideal that you should be considering on having that other source of income and not really just that focusing on a single point.Who doesnt want on getting rich? or having that financial freedom? Of course it would really be just that depending on you on how you would really be handling up yourself on such condition. Is trading would be a lifetime job? It might not be a job but this is something a skill that could really be able to get and could be beneficial forever. It would really be just that depending on you on how you would really be making yourself on doing such decision. Trading skill is never been that easy in the first place but its not something impossible.

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June 14, 2024, 12:52:44 AM
 #273

I totally agree with you. Because of that I am thinking to consider the use of bots to trade for me. I have to learn a lot about that, but it can be better than being with the eyes stucked on screen, the heart in the mouth and the brain like a shit. The life must be lived and well lived.
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June 14, 2024, 07:48:25 AM
 #274

Trading as we know is not a retirement entitlement where people will trade for their lifetime without breaking or giving it space, there are some people whom it may not favor for long run rather after some years they may decides to go into real physical business to enable them grow faster. In other hands there are people who are so much lover of trading and don't mind any peanut they are gaining from every single trade, provided they are comfortable with it don't mind keep trading. Their problem could likely be eye (health) problems for those who are not good in looking white screenshot or that can't look white screen for long.

Trading is extremely good, and everything that brings money will undoubtedly entice you; the only catch is that there is risk involved, but any risk will result in a large profit because you cannot simply obtain money in an easy way; he must work hard. People that make trading their full-time career, in my opinion, benefit greatly from it and become wealthy as a result. They understand the market and have experience with it, and their profits will outweigh their losses. Trading is not a retirement plan until you decide to stop generating money, which is impossible since even if you have money, you will always be thinking about how to double it. I personally am  In love with trading, because I see many people that I no are making alot of money in trading and encouraging people to join them but is just a matter of understanding and get enough knowledge before you can benefit with them.

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June 14, 2024, 06:15:11 PM
 #275


That's good and the conclusion that I get from the idea that you said above is that it's better that we only make trading as a short-term intermediary to make some money and then those profits are diverted to other things that have more certainty in terms of providing guaranteed profits. I agree with that because it makes sense, and one of the reasons I can give about why trading is better not to be made a lifetime job is because it is impossible for someone to continue to train their mind and continue to learn various strategies in the world of trading in order to always be able to adapt to the market to make a profit, and that is something that is difficult to do for people who have entered the age of 70 years and over where the fitness and brain work system will decrease, and another thing is the fact that when someone has entered the elderly phase then usually they are very easy to forget everything they knew before. So in essence I quite agree with your idea that it is better to only make trading as an intermediary or one of the places to earn income and then allocate it to other places that may be more promising such as investment or physical businesses that are not too difficult to manage.
It wont really be just that limited on trading alone but also in other jobs as well or whatever you are earning into. It would really be always ideal that you should be considering on having that other source of income and not really just that focusing on a single point.Who doesnt want on getting rich? or having that financial freedom? Of course it would really be just that depending on you on how you would really be handling up yourself on such condition. Is trading would be a lifetime job? It might not be a job but this is something a skill that could really be able to get and could be beneficial forever. It would really be just that depending on you on how you would really be making yourself on doing such decision. Trading skill is never been that easy in the first place but its not something impossible.

Yes, of course, this idea doesn't only apply to trading, the point is that any activity that requires you to sweat a lot or use your mind, for example, you have to have another plan with the aim of building passive income which will one day give you income without needing to be involved in it. inside. Simply put and the advantage is that even if you sleep you will still be paid, and the idea, as I discussed in the previous post, is that it is important to share part of our income generated from trading or physical work to carry out new plans, whether it's investing or building a personal business. to support your living costs when you have entered the elderly phase without having to work.

I think this is an effective idea, but of course saying it will not be as easy as putting it into practice, there are still many factors that can get in the way that cause delays, whether it's because your income is only enough to cover your daily living or because you have installments for something or other, but planning this early on isn't too bad, and the other thing is that I understand that everyone has their own perspective on whether trading is effective as a lifelong job or not.

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June 15, 2024, 04:45:08 AM
 #276

What I see as the most important thing about this is your mindset in trading.If you want trading to be a lifetime thing to you,then it can be because trading requires your full attention,if you lose focus in the process of day trading,then your money and time is detrimetal to your action,you only have it to focus on,and nothing else.
If you see that the process of trading is not a big deal for you,and you see that you already have the strategies that is required to be a successful trader,then you can go ahead to make it be your lifetime job,all you need then is more devotion and commitment.

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June 16, 2024, 05:20:20 PM
 #277

What I see as the most important thing about this is your mindset in trading.If you want trading to be a lifetime thing to you,then it can be because trading requires your full attention,if you lose focus in the process of day trading,then your money and time is detrimetal to your action,you only have it to focus on,and nothing else.
If you see that the process of trading is not a big deal for you,and you see that you already have the strategies that is required to be a successful trader,then you can go ahead to make it be your lifetime job,all you need then is more devotion and commitment.
When someone trades, of course they must be able to do it by focusing on the trading they are doing and must really analyze the market well in order to make the right decisions on trading to get good results and there is nothing wrong with making trading a lifelong job. but you have to really focus on trading and the pressure that you might get and maybe there are some people who can't survive the losses they get on trading so they decide to leave trading at a loss and I agree with you if you decide to make Trading as a lifelong job certainly requires spending a lot of time analyzing the market and most importantly continuing to learn even though you are already able to gain profits from trading.

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