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Author Topic: Trading is not a lifetime job.  (Read 2957 times)
Awaklara
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August 31, 2024, 02:58:51 PM
 #281

Many say we can't rely on trading but if you're proficient in trading you may easily earn more than or equivalent to your monthly salary. In the early stage you might not see lucrative profits but as gradually you'll start exploring market, finding opportunities through TA you'll find this more interesting. Besides this we can also get connected with prominent exchanges like Bitget, Bybit, Kucoin, OKX etc. for the newbie launched projects and accumulate while in early-stage for the potential earnings
even for new projects that have just been listed on the exchange, it actually increases the risk of losing your trade. if you are a trader you should know that most avoid new projects. some traders may succeed with it, but even for a professional trader, it will not increase their chances of profit.

if you have a permanent job in the real world that makes money for you, you better focus on that. if you want to be better at trading, do it gradually. no need to leave your job and make trading your permanent income. you can do trading in your spare time.

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hyudien
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August 31, 2024, 03:49:23 PM
 #282

Many say we can't rely on trading but if you're proficient in trading you may easily earn more than or equivalent to your monthly salary. In the early stage you might not see lucrative profits but as gradually you'll start exploring market, finding opportunities through TA you'll find this more interesting. Besides this we can also get connected with prominent exchanges like Bitget, Bybit, Kucoin, OKX etc. for the newbie launched projects and accumulate while in early-stage for the potential earnings
even for new projects that have just been listed on the exchange, it actually increases the risk of losing your trade. if you are a trader you should know that most avoid new projects. some traders may succeed with it, but even for a professional trader, it will not increase their chances of profit.

if you have a permanent job in the real world that makes money for you, you better focus on that. if you want to be better at trading, do it gradually. no need to leave your job and make trading your permanent income. you can do trading in your spare time.
It is a wiser choice than leaving a job in the real world and switching to trading where it is not certain whether we will get a decent profit or not, but what is clear is that there is always a risk in trading.
This is the best way to do it, as you said, keep doing your job as usual and trade when you have free time. Actually, we can trade when we are on holiday. The problem is when we leave work and choose to trade while we are still in the learning stage, it will backfire on us. Except for those who may be very professional in trading, they will understand better when facing certain situations.
Apart from that, I think it would be better to have many sources of income than to rely on just one source, especially since we know that in trading we will not always make a profit, there are times when we experience losses.

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Lanatsa
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August 31, 2024, 04:20:48 PM
Merited by stomachgrowls (1)
 #283

Many say we can't rely on trading but if you're proficient in trading you may easily earn more than or equivalent to your monthly salary. In the early stage you might not see lucrative profits but as gradually you'll start exploring market, finding opportunities through TA you'll find this more interesting. Besides this we can also get connected with prominent exchanges like Bitget, Bybit, Kucoin, OKX etc. for the newbie launched projects and accumulate while in early-stage for the potential earnings
even for new projects that have just been listed on the exchange, it actually increases the risk of losing your trade. if you are a trader you should know that most avoid new projects. some traders may succeed with it, but even for a professional trader, it will not increase their chances of profit.

if you have a permanent job in the real world that makes money for you, you better focus on that. if you want to be better at trading, do it gradually. no need to leave your job and make trading your permanent income. you can do trading in your spare time.
It is a wiser choice than leaving a job in the real world and switching to trading where it is not certain whether we will get a decent profit or not, but what is clear is that there is always a risk in trading.
This is the best way to do it, as you said, keep doing your job as usual and trade when you have free time. Actually, we can trade when we are on holiday. The problem is when we leave work and choose to trade while we are still in the learning stage, it will backfire on us. Except for those who may be very professional in trading, they will understand better when facing certain situations.
Apart from that, I think it would be better to have many sources of income than to rely on just one source, especially since we know that in trading we will not always make a profit, there are times when we experience losses.
It would really be that a suicide thing if you would really be leaving up your current job just because you have decided on going full time with trading. You are really that basically putting up yourself on such great trouble. We do know that when it comes into this aspect then it would be ideal that you should really be making yourself that sustainable first before quitting or resigning from your work. WE do know that this market cant really be always giving out that positive results into your trades on which it will really be that understandable that on the  time or moment that you able to reach out such state about being a good trader
then its something that could be considered to be a lifetime job on which as long you do have the skills and knowledge and on the time that you could sustain yourself on this market then this is really that an advantage. It is really just that only a few could really be able to reach out such condition because majority will really be that making trading as their side income. Only a few could be able to
directly be making up that full time trades and making a living with it.

R


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gastrack
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September 01, 2024, 08:33:27 AM
 #284

You can move the coins to a noncustodial wallet. Assuming you are great in future exchanging and that implies you don't utilize influence, you can utilize influence to safeguard a portion of your coins on noncustodial wallet. I feel that is the best remember to do on the grounds that sooner or later one will be unable to go on with the battle of the market yet from the interest in things like land they won't need to go into market any longer.
hyudien
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September 01, 2024, 09:45:42 AM
 #285

It is a wiser choice than leaving a job in the real world and switching to trading where it is not certain whether we will get a decent profit or not, but what is clear is that there is always a risk in trading.
This is the best way to do it, as you said, keep doing your job as usual and trade when you have free time. Actually, we can trade when we are on holiday. The problem is when we leave work and choose to trade while we are still in the learning stage, it will backfire on us. Except for those who may be very professional in trading, they will understand better when facing certain situations.
Apart from that, I think it would be better to have many sources of income than to rely on just one source, especially since we know that in trading we will not always make a profit, there are times when we experience losses.
It would really be that a suicide thing if you would really be leaving up your current job just because you have decided on going full time with trading. You are really that basically putting up yourself on such great trouble. We do know that when it comes into this aspect then it would be ideal that you should really be making yourself that sustainable first before quitting or resigning from your work. WE do know that this market cant really be always giving out that positive results into your trades on which it will really be that understandable that on the  time or moment that you able to reach out such state about being a good trader
then its something that could be considered to be a lifetime job on which as long you do have the skills and knowledge and on the time that you could sustain yourself on this market then this is really that an advantage. It is really just that only a few could really be able to reach out such condition because majority will really be that making trading as their side income. Only a few could be able to
directly be making up that full time trades and making a living with it.
There are various reasons why many people make trading as an additional income, one of which is that they are fully aware that when they make the decision to focus on trading completely, they are putting themselves at great risk. It is not that you cannot make trading your main and only income, but the problem is that it is not as imagined.
I don't know the valid data on this, but as you said I also believe that only a few people make trading their main source, while others only make this as additional income or in other words they have other sources of income that are more stable.
Indeed, if we think about the benefits that will be obtained, we will certainly be very tempted by it, but I have said many times that it is worth the risk.

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Semen222
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September 01, 2024, 11:35:09 AM
 #286

I don't see anything wrong with treating trading as a hobby. Sorry, but in this case you spend much less nerves, because in case of failure, you always have a safety cushion - your job.

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September 01, 2024, 03:56:13 PM
 #287

I never treated Trading is job for even short time, and it's impossible to take it as lifetime job. There is always stress here because no one knowns what will happen in the market so there is always anxiety in cryptocurrency trading, it is very dangerous for health, no traders will enjoy it because it is very difficult to make profits in trading.

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September 01, 2024, 09:25:56 PM
 #288

Many say we can't rely on trading but if you're proficient in trading you may easily earn more than or equivalent to your monthly salary. In the early stage you might not see lucrative profits but as gradually you'll start exploring market, finding opportunities through TA you'll find this more interesting. Besides this we can also get connected with prominent exchanges like Bitget, Bybit, Kucoin, OKX etc. for the newbie launched projects and accumulate while in early-stage for the potential earnings
even for new projects that have just been listed on the exchange, it actually increases the risk of losing your trade. if you are a trader you should know that most avoid new projects. some traders may succeed with it, but even for a professional trader, it will not increase their chances of profit.

if you have a permanent job in the real world that makes money for you, you better focus on that. if you want to be better at trading, do it gradually. no need to leave your job and make trading your permanent income. you can do trading in your spare time.

You said it right on your last statement, if you have stable job where you get the majorities of your earnings better to keep it and use your spare for your trading, no need to quit your regular job while doing your investment, not unless you already see that you have a good potential and those strategy that you established can bring decent profits it might be possible but if you are still in the position where you don't see progress, it is indeed that trading is not a permanent money making venue but the potential is decent if you find the right pattern to follow and posess the right attitude and dedication to make it worth for your financial needs.

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September 03, 2024, 12:57:29 PM
 #289


the current market is weakening, there is nothing that can be improved in trading, maybe many traders have resigned for a while.
Undoubtedly, this will happen, not because of the market condition, which was still strong and growing, but because of the volatility of the market. Trading is not for everyone, and that is why those who feel empty and incapable will surely leave. 

Everyone will find a place to stay and work for money, and nobody will stay in a place if it is no longer profitable. Well, many have left, but on the other side, many have also opened their doors towards trading. That is why we still see a growing number of traders despite the risky situation because many still believe that with their right skills and knowledge, they could make money from here. 

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September 03, 2024, 01:35:24 PM
 #290

It is a wiser choice than leaving a job in the real world and switching to trading where it is not certain whether we will get a decent profit or not, but what is clear is that there is always a risk in trading.
This is the best way to do it, as you said, keep doing your job as usual and trade when you have free time. Actually, we can trade when we are on holiday. The problem is when we leave work and choose to trade while we are still in the learning stage, it will backfire on us. Except for those who may be very professional in trading, they will understand better when facing certain situations.
Apart from that, I think it would be better to have many sources of income than to rely on just one source, especially since we know that in trading we will not always make a profit, there are times when we experience losses.
It would really be that a suicide thing if you would really be leaving up your current job just because you have decided on going full time with trading. You are really that basically putting up yourself on such great trouble. We do know that when it comes into this aspect then it would be ideal that you should really be making yourself that sustainable first before quitting or resigning from your work. WE do know that this market cant really be always giving out that positive results into your trades on which it will really be that understandable that on the  time or moment that you able to reach out such state about being a good trader
then its something that could be considered to be a lifetime job on which as long you do have the skills and knowledge and on the time that you could sustain yourself on this market then this is really that an advantage. It is really just that only a few could really be able to reach out such condition because majority will really be that making trading as their side income. Only a few could be able to
directly be making up that full time trades and making a living with it.
There are various reasons why many people make trading as an additional income, one of which is that they are fully aware that when they make the decision to focus on trading completely, they are putting themselves at great risk. It is not that you cannot make trading your main and only income, but the problem is that it is not as imagined.
I don't know the valid data on this, but as you said I also believe that only a few people make trading their main source, while others only make this as additional income or in other words they have other sources of income that are more stable.
Indeed, if we think about the benefits that will be obtained, we will certainly be very tempted by it, but I have said many times that it is worth the risk.
There are actually people who are really that making trading as their main source of income but the numbers arent really that too many and this is the thing on where us traders are really that thriving to reach out this point or condition on which of course it wont really be that short or something that so simple. Tons have tried but there are ones who do fail and give up but there are still who those continually doing it and despite of the loses they dont forget out on the risks management that they had set out on which this is really that an important thing to consider.Trading might be hard to learn up but just like on said above that it could also become a life time job if you do find yourself that becoming profitable with it and just like we do all know that acquiring such skills and knowledge will really be taking up some time and tons of efforts.

The thing that you would remember out always is on the moment that you do deal up with trading then dont make it just like a gambling game because it will really be just that making you desperate
and we do know that desperation is something not recommended on applying it on trading because it will really be resulting into tons of mistakes and this is something that you should be looking into.
On the moment that you do find having that hardship then its up to you whether you do sustain yourself or would be giving up.

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September 03, 2024, 02:50:12 PM
 #291

1. It is quite stressful - old traders will soon give up due to mental health problems

You are correct!. However, I think you are talking about "Emotional Pressure".
As people grow older their emotion becomes more stable, we are talking from ages 40 to 60.
Beyond that most people emotions starts to decline. They will prefer to do things that will not put them in a boiler plate.
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September 03, 2024, 03:45:34 PM
 #292

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.



Yes, trading may not be considered a lifetime job, but it can help us for a long time in our lives, depending on the knowledge we have in trading. I have been studying trading for several years to get deeper into it.

Because it's not easy to learn and learn, it really needs a lot of dedication and determination, because it's not easy to learn and understand, and that's the truth in this matter, especially in actual trading itself when we're doing what we've learned in trading here in the field of crypto space.

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September 03, 2024, 04:57:44 PM
 #293

Many say we can't rely on trading but if you're proficient in trading you may easily earn more than or equivalent to your monthly salary. In the early stage you might not see lucrative profits but as gradually you'll start exploring market, finding opportunities through TA you'll find this more interesting. Besides this we can also get connected with prominent exchanges like Bitget, Bybit, Kucoin, OKX etc. for the newbie launched projects and accumulate while in early-stage for the potential earnings
even for new projects that have just been listed on the exchange, it actually increases the risk of losing your trade. if you are a trader you should know that most avoid new projects. some traders may succeed with it, but even for a professional trader, it will not increase their chances of profit.

if you have a permanent job in the real world that makes money for you, you better focus on that. if you want to be better at trading, do it gradually. no need to leave your job and make trading your permanent income. you can do trading in your spare time.
Of course whoever leaves his job for trading will regret his action because it is a dumb idea. The market is filled with uncertainty and there is no guarantee of making profit from trading continously to the extend that it will be paying your bills for you. Trading is very risky due to the high volatile nature of cryptocurrency annex that is why you should not rely on it to earn a living. It is good that one should trade with the amount of money that he can afford to lose.

R


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September 03, 2024, 05:06:41 PM
 #294

Professionalism as a complete trader will not be possible for most people. Because we know that trading is a risky business. Through this a person can suffer a great loss financially. To trade one must be resourceful, analytical, and have a strong mindset. Because in trading it can be seen that there are many times that we can't predict the future at all, so if we dump the market from here, we suffer a huge loss according to the amount. In most cases, it takes a long time for a person to recover from the damage. So it is not for everyone and it is not possible for everyone to take it as a professional. It seems to me that maybe 2 to 8 percent of people who trade can only take up trading as a professional. The rest just wait until the season comes to trade.

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September 04, 2024, 01:11:33 PM
 #295

Of course whoever leaves his job for trading will regret his action because it is a dumb idea. The market is filled with uncertainty and there is no guarantee of making profit from trading continously to the extend that it will be paying your bills for you. Trading is very risky due to the high volatile nature of cryptocurrency annex that is why you should not rely on it to earn a living. It is good that one should trade with the amount of money that he can afford to lose.

It all depends very much on the country where such a trader lives. For example, I quit my job to do trading, and it was one of my best decisions. I live in a country with a very weak economy, which is also at war. Not only are salaries extremely low and not enough to pay the bills, but also the employer can leak your personal data to various government institutions, the prospects are not so good, you can take my word for it.

Yes, the market is volatile and unstable, there is no certainty that trading will allow you to live comfortably and every month will be profitable. But there is a big difference between sitting at home and working for yourself, and commuting an hour and a half to a meaningless job under missile fire, working overtime, and getting $300 a month for it.

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September 04, 2024, 01:34:23 PM
 #296

Of course whoever leaves his job for trading will regret his action because it is a dumb idea. The market is filled with uncertainty and there is no guarantee of making profit from trading continously to the extend that it will be paying your bills for you. Trading is very risky due to the high volatile nature of cryptocurrency annex that is why you should not rely on it to earn a living. It is good that one should trade with the amount of money that he can afford to lose.

It all depends very much on the country where such a trader lives. For example, I quit my job to do trading, and it was one of my best decisions. I live in a country with a very weak economy, which is also at war. Not only are salaries extremely low and not enough to pay the bills, but also the employer can leak your personal data to various government institutions, the prospects are not so good, you can take my word for it.

Yes, the market is volatile and unstable, there is no certainty that trading will allow you to live comfortably and every month will be profitable. But there is a big difference between sitting at home and working for yourself, and commuting an hour and a half to a meaningless job under missile fire, working overtime, and getting $300 a month for it.
OK your own case is different since your country economy is very poor and the jobs pays poorly that will not even be enough to take cate of your bills. I understand how happy you are to quit such job and focus more on trading, at least it is favoring you than you going to work. In such situations one needs to quit such job instead of running a rat race and from your statement it shows that you are a pro in trading. I also have a friend of mine who quitted his government job due to low pay and high transportation fee to work.

R


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September 04, 2024, 01:39:20 PM
 #297

Of course whoever leaves his job for trading will regret his action because it is a dumb idea. The market is filled with uncertainty and there is no guarantee of making profit from trading continously to the extend that it will be paying your bills for you. Trading is very risky due to the high volatile nature of cryptocurrency annex that is why you should not rely on it to earn a living. It is good that one should trade with the amount of money that he can afford to lose.

It all depends very much on the country where such a trader lives. For example, I quit my job to do trading, and it was one of my best decisions. I live in a country with a very weak economy, which is also at war. Not only are salaries extremely low and not enough to pay the bills, but also the employer can leak your personal data to various government institutions, the prospects are not so good, you can take my word for it.

Yes, the market is volatile and unstable, there is no certainty that trading will allow you to live comfortably and every month will be profitable. But there is a big difference between sitting at home and working for yourself, and commuting an hour and a half to a meaningless job under missile fire, working overtime, and getting $300 a month for it.
OK your own case is different since your country economy is very poor and the jobs pays poorly that will not even be enough to take cate of your bills. I understand how happy you are to quit such job and focus more on trading, at least it is favoring you than you going to work. In such situations one needs to quit such job instead of running a rat race and from your statement it shows that you are a pro in trading. I also have a friend of mine who quitted his government job due to low pay and high transportation fee to work.

R


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September 04, 2024, 10:26:47 PM
 #298

I think this is a matter of choice, or I mean anyone is free to get involved in the world of trading at any time as long as they are able to balance and manage everything well, and what you said is true that trading can be very stressful and full of pressure which indirectly can affect a person's mental and psychological health.
But I think for mental and psychological problems over time a trader will definitely have a stronger mentality when they are able to adapt to the market and this is why there are still those who survive.

Regarding the second number you said I think it is another thing, because after all trading is not an activity for fun, this is a skilled profession that aims to seek profit, not everything that someone does will always be comfortable, remember that you work not because it is comfortable or not but because you need money, meaning comfortable or not is part of the risk.

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September 05, 2024, 01:45:57 AM
 #299

I never treated Trading is job for even short time, and it's impossible to take it as lifetime job. There is always stress here because no one knowns what will happen in the market so there is always anxiety in cryptocurrency trading, it is very dangerous for health, no traders will enjoy it because it is very difficult to make profits in trading.
it's adrenaline inducing but I think the main purpose people trading in the first place is because they want to grow their capital enough to become a big investor.
since trading is basically growing the money as fast as you can it can work for people with smaller capital to play it on the aggressive side and grow their capital, if they just stick with investing their yield will be so small.

nobody, want trading as a lifetime job, maybe as a side hustle but I know majority of people knew that they eventually can't keep up with the mental strain they got from the market swing.
but there's only very few ways for us the shrimp to make it big.

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September 05, 2024, 02:50:33 PM
 #300

Of course whoever leaves his job for trading will regret his action because it is a dumb idea. The market is filled with uncertainty and there is no guarantee of making profit from trading continously to the extend that it will be paying your bills for you. Trading is very risky due to the high volatile nature of cryptocurrency annex that is why you should not rely on it to earn a living. It is good that one should trade with the amount of money that he can afford to lose.

It all depends very much on the country where such a trader lives. For example, I quit my job to do trading, and it was one of my best decisions. I live in a country with a very weak economy, which is also at war. Not only are salaries extremely low and not enough to pay the bills, but also the employer can leak your personal data to various government institutions, the prospects are not so good, you can take my word for it.

Yes, the market is volatile and unstable, there is no certainty that trading will allow you to live comfortably and every month will be profitable. But there is a big difference between sitting at home and working for yourself, and commuting an hour and a half to a meaningless job under missile fire, working overtime, and getting $300 a month for it.
OK your own case is different since your country economy is very poor and the jobs pays poorly that will not even be enough to take cate of your bills. I understand how happy you are to quit such job and focus more on trading, at least it is favoring you than you going to work. In such situations one needs to quit such job instead of running a rat race and from your statement it shows that you are a pro in trading. I also have a friend of mine who quitted his government job due to low pay and high transportation fee to work.

Indeed, if you find yourself in a situation where you need to pick between your day job and your trading you just need to balance things out and in from the point of situation the post above you will surely pick trading as he lessen the hassle working on his regular job and earning lesser than what he can earn from his trading, if your skillset is already on that level where you already got a good grasp of anticipating where the market may go, then choosing trading might be the best option for you, though not all have that same level of understanding and same level of potential when dealing to this venue of investment.

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