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Author Topic: Trading is not a lifetime job.  (Read 2973 times)
armanda90
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September 13, 2024, 06:15:54 PM
 #341

I agree with you,  timing and proper balance and good management's of both your time and your finances, most traders has its own time frame  and own expectations,  they based it from personal experience and they keep improving their skills to keep them updated while also trying to make money out from this venue of business or investment,  it's your good understanding and your willingness to keep doing your research to make sure that you are in the right track.
Not easily how to manage well with trading keep consistent to earn profitable as short term trading or long term trading, I think for trader very important waiting for right timing moment before purchasing any coins for investing until the right moment for selling their bitcoin and altcoin investment assets. Its not problem after smart and have accurate analyze with trading become main source income or making cryptocurrency trading not only as side job but also become main job.

Many trader leaving their offline job keep focus with trading and make its as their main job, during have good analyze and always looking hard for researching any coins before investing its not problem make trading in cryptocurrency as the only one job or becoming main source income after leaving offline job.

 
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September 13, 2024, 06:25:36 PM
 #342

~Snip
Not easily how to manage well with trading keep consistent to earn profitable as short term trading or long term trading, I think for trader very important waiting for right timing moment before purchasing any coins for investing until the right moment for selling their bitcoin and altcoin investment assets. Its not problem after smart and have accurate analyze with trading become main source income or making cryptocurrency trading not only as side job but also become main job.

Many trader leaving their offline job keep focus with trading and make its as their main job, during have good analyze and always looking hard for researching any coins before investing its not problem make trading in cryptocurrency as the only one job or becoming main source income after leaving offline job.
Of course, many traders make 3x to 5x or more profits compared to their main job in a month with just one trade. They take advantage of certain momentum in price movements, for example they only buy when the market is badly corrected. Buying with a larger budget at that time could give them big returns, so it is natural that some of them no longer consider trading as a side job.

It's true that trading isn't always profitable, but that's a trope commonly cited by day traders. Meanwhile traders who only take advantage of momentum tend to be able to make profits because they don't trade every day. The profit ratio obtained this way is higher than day trading, so I think it is good to try.

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Dr.Bitcoin_Strange
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September 13, 2024, 07:32:35 PM
 #343

Good point, as there's adjustments that other traders will do to make a better trades and sooner you'll find yourself not doing good anymore, the problem is you already decide to quit with your day job and once you experienced losing streaks your finances will surely affected, it's more on the side where you explore more opportunities once you earn decent amount out from your trading.

A good way of diverting and finding more ways to earn and not just to lean with trading but keeps on moving forward to earn mney.

Actually, trading is more tasking more than we underestimate it to be but yet it's not something that can take the whole day to do. Most, if not all professional trader have a trading time, some people love to trade late at night and some people prefer early in the morning and some in the afternoon or evening. That's to say, even if someone has another job, the person can still do their job from 8AM to 4PM and after returning home and taking a rest, they can look at the market from 7pm to 10or11pm and take a rest till the next day. One important thing is effective time management and also caving out time for your trading. When one effectively manage their time, they can be trading and doing other things despite.

I agree with you,  timing and proper balance and good management's of both your time and your finances, most traders has its own time frame  and own expectations,  they based it from personal experience and they keep improving their skills to keep them updated while also trying to make money out from this venue of business or investment,  it's your good understanding and your willingness to keep doing your research to make sure that you are in the right track.

Yea, trading actually works with timing and it's left for a trader to also be decisive of the best time that they find very comfortable to trade. Just like I am now, I have my personal business that am running and I am also an employee under a microfinance bank in my country, the bank job doesn't requires too much of my time, so I actually know how to combine it with my business and at the end of evey day, I still return home and look at the market, if after making a few analysis and I see a good opportunity, then I will just enter the position and set a stop lose and that's all.

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September 22, 2024, 04:57:03 PM
 #344

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.
Profits earned from trading can be an alternative source of income but it would be wrong to consider it as the main income. An investor should invest such money in trading that losing does not directly affect his personal life. Because an investor can never be sure of profit from his trade. A trader cannot be relied upon for trading money. There are cases of many who want to leave their main work and rely on trading which is a completely wrong decision. Trading life time can be done but for this the trader has to manage the trading accordingly. Although a trader cannot guarantee any profit from trading but if he manages the trading with skill and experience then he must be able to manage long term trading. Many do not want to continue trading for a long time as there is always pressure existing in trading.
It is true trading is like an alternative income source of traders no way to treated it's a main income, who traders considering it's a main earning and depend on this income source then it will be danger, trading is not any guaranteed profits, it's risky so no way to lead your life based on trading income.

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September 22, 2024, 06:04:02 PM
 #345


Yea, trading actually works with timing and it's left for a trader to also be decisive of the best time that they find very comfortable to trade. Just like I am now, I have my personal business that am running and I am also an employee under a microfinance bank in my country, the bank job doesn't requires too much of my time, so I actually know how to combine it with my business and at the end of evey day, I still return home and look at the market, if after making a few analysis and I see a good opportunity, then I will just enter the position and set a stop lose and that's all.

That is the use of planning related to time management, traders are not only required to have financial management but time management must also always be involved, none other than because of course we have our own busy lives, for example, working to meet all the needs of life, as you do, namely by first completing more important activities or those that have regulatory ties with other people such as in work matters, then prioritize those activities, and after that you can find free time and fill it with trading activities.

I think everyone can do that, but unfortunately there are always some traders who cannot divide their time properly, not infrequently those who force themselves to enter the market at the wrong time either at a time when they have other activities or when their mental and psychological are not ready to enter the market which ultimately causes problems in their trading activities such as experiencing unnecessary losses.

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Dr.Bitcoin_Strange
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September 22, 2024, 07:27:58 PM
 #346


Yea, trading actually works with timing and it's left for a trader to also be decisive of the best time that they find very comfortable to trade. Just like I am now, I have my personal business that am running and I am also an employee under a microfinance bank in my country, the bank job doesn't requires too much of my time, so I actually know how to combine it with my business and at the end of evey day, I still return home and look at the market, if after making a few analysis and I see a good opportunity, then I will just enter the position and set a stop lose and that's all.
I think everyone can do that, but unfortunately there are always some traders who cannot divide their time properly, not infrequently those who force themselves to enter the market at the wrong time either at a time when they have other activities or when their mental and psychological are not ready to enter the market which ultimately causes problems in their trading activities such as experiencing unnecessary losses.

Well, anyone that can not cope with trading and their real world job should just do what can be easy for them. It's better for only focus on one thing rather than engaging ourselves with something that will end up to liquidate our capital. I know how I am usually being faced with work load at time and I can not look at the market for some up to a week or More.

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September 23, 2024, 01:30:27 PM
 #347


Yea, trading actually works with timing and it's left for a trader to also be decisive of the best time that they find very comfortable to trade. Just like I am now, I have my personal business that am running and I am also an employee under a microfinance bank in my country, the bank job doesn't requires too much of my time, so I actually know how to combine it with my business and at the end of evey day, I still return home and look at the market, if after making a few analysis and I see a good opportunity, then I will just enter the position and set a stop lose and that's all.
I think everyone can do that, but unfortunately there are always some traders who cannot divide their time properly, not infrequently those who force themselves to enter the market at the wrong time either at a time when they have other activities or when their mental and psychological are not ready to enter the market which ultimately causes problems in their trading activities such as experiencing unnecessary losses.

Well, anyone that can not cope with trading and their real world job should just do what can be easy for them. It's better for only focus on one thing rather than engaging ourselves with something that will end up to liquidate our capital. I know how I am usually being faced with work load at time and I can not look at the market for some up to a week or More.

Much better doing that way instead of trying to rush things and eventually lose your money, remember that trading is all about knowing the potential market flow, it can't be done right away as there's always analysis and observing that you need to assess, and by doing a quick decision making the risk is high of losing your hard earned money, though if you can maximize your time and you really wanted to continue your trading investment just take the long road and patiently waits when positioning your investment, not a lifetime but a good long term investment for your retirement plans.

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September 23, 2024, 03:14:44 PM
 #348


Yea, trading actually works with timing and it's left for a trader to also be decisive of the best time that they find very comfortable to trade. Just like I am now, I have my personal business that am running and I am also an employee under a microfinance bank in my country, the bank job doesn't requires too much of my time, so I actually know how to combine it with my business and at the end of evey day, I still return home and look at the market, if after making a few analysis and I see a good opportunity, then I will just enter the position and set a stop lose and that's all.
I think everyone can do that, but unfortunately there are always some traders who cannot divide their time properly, not infrequently those who force themselves to enter the market at the wrong time either at a time when they have other activities or when their mental and psychological are not ready to enter the market which ultimately causes problems in their trading activities such as experiencing unnecessary losses.

Well, anyone that can not cope with trading and their real world job should just do what can be easy for them. It's better for only focus on one thing rather than engaging ourselves with something that will end up to liquidate our capital. I know how I am usually being faced with work load at time and I can not look at the market for some up to a week or More.

Much better doing that way instead of trying to rush things and eventually lose your money, remember that trading is all about knowing the potential market flow, it can't be done right away as there's always analysis and observing that you need to assess, and by doing a quick decision making the risk is high of losing your hard earned money, though if you can maximize your time and you really wanted to continue your trading investment just take the long road and patiently waits when positioning your investment, not a lifetime but a good long term investment for your retirement plans.
Trading can never provide a fixed amount of income like a job. There is some time to lose and some time to gain. So it cannot be used as a source of lifetime income or a passive income. And if you expect to get anything good from trading, you need to have a good understanding of graph chart analysis, market analysis and some other technical analysis and spend a lot of time to acquire this understanding which makes it a full time job. Yet through trading one does not get guaranteed profit from every trade. But long term investment has many advantages and there is also the possibility of profit











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Adbitco
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September 23, 2024, 04:32:42 PM
 #349

Well, anyone that can not cope with trading and their real world job should just do what can be easy for them. It's better for only focus on one thing rather than engaging ourselves with something that will end up to liquidate our capital. I know how I am usually being faced with work load at time and I can not look at the market for some up to a week or More.
There are some people who are dedicated to trading meaning they abandoned any other thing to focused on trading just to make sure they have got some good position to trade. People do analyzed the market to get a good entry point which can likely yield profits for them, even though they have something doing but there must be a priority to what matters to them.

Let say for instance, since you said you were mostly occupied and doesn't have that time to focused on market to do your analysis it shows that you gave those things much priorities than just studying the market for your analysis and there could be some people who have that chance and give much more priority to the market than you do.

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milewilda
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September 23, 2024, 07:14:31 PM
 #350


Yea, trading actually works with timing and it's left for a trader to also be decisive of the best time that they find very comfortable to trade. Just like I am now, I have my personal business that am running and I am also an employee under a microfinance bank in my country, the bank job doesn't requires too much of my time, so I actually know how to combine it with my business and at the end of evey day, I still return home and look at the market, if after making a few analysis and I see a good opportunity, then I will just enter the position and set a stop lose and that's all.
I think everyone can do that, but unfortunately there are always some traders who cannot divide their time properly, not infrequently those who force themselves to enter the market at the wrong time either at a time when they have other activities or when their mental and psychological are not ready to enter the market which ultimately causes problems in their trading activities such as experiencing unnecessary losses.

Well, anyone that can not cope with trading and their real world job should just do what can be easy for them. It's better for only focus on one thing rather than engaging ourselves with something that will end up to liquidate our capital. I know how I am usually being faced with work load at time and I can not look at the market for some up to a week or More.

Much better doing that way instead of trying to rush things and eventually lose your money, remember that trading is all about knowing the potential market flow, it can't be done right away as there's always analysis and observing that you need to assess, and by doing a quick decision making the risk is high of losing your hard earned money, though if you can maximize your time and you really wanted to continue your trading investment just take the long road and patiently waits when positioning your investment, not a lifetime but a good long term investment for your retirement plans.
Trading can never provide a fixed amount of income like a job. There is some time to lose and some time to gain. So it cannot be used as a source of lifetime income or a passive income. And if you expect to get anything good from trading, you need to have a good understanding of graph chart analysis, market analysis and some other technical analysis and spend a lot of time to acquire this understanding which makes it a full time job. Yet through trading one does not get guaranteed profit from every trade. But long term investment has many advantages and there is also the possibility of profit
And this is something that should really be put up in mind or something that you should really be realizing on, on which you would really be needing up to consider about this reality that trading cant be able to provide out that fixed income on daily on which this isnt something that could guarantee out that you would succeed or able to survive since everything will really be depending on how well you are really be able to make
profits on the moment or time that you would really be making up trades. Somehow on the moment that you will be able to have a good grasps when it comes to trading then this is something that could generate
out some profits on which it is really that more than on what you can earn from your day job, this is why people will really be that too eager on trying out to learning up this thing.

When you are really that still starting then it would be just that right that you should make trading as your side income as much as possible. Dont make yourself that being delusional on which you are really that
trying out to force yourself on making it as a permanent kind of engagement or job on which you would really be leaving your main job because of it. It will really be always be best that you should really
be atl east making it as a side inceom as much as possible on which on the moment that you are already profitable then this will really be a huge advantage for you.

Fredomago
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September 24, 2024, 11:10:59 AM
 #351


Trading can never provide a fixed amount of income like a job. There is some time to lose and some time to gain. So it cannot be used as a source of lifetime income or a passive income. And if you expect to get anything good from trading, you need to have a good understanding of graph chart analysis, market analysis and some other technical analysis and spend a lot of time to acquire this understanding which makes it a full time job. Yet through trading one does not get guaranteed profit from every trade. But long term investment has many advantages and there is also the possibility of profit

There's possibilities as we know it though there's always a risk as well, we might need to have more clearer understanding about this venue of business or investment that we are taking, the more you engage the better knowledge to acquires, there are traders who treats it as a retirement plan, taking it as savings and believing that in due time they'll be able to make decent while holding their assets.

Though we can't really control the situation as there's always factors that affects people's emotions and might lead them to decide differently in accordance to their perspectives.

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September 24, 2024, 11:40:34 AM
 #352

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.
Profits earned from trading can be an alternative source of income but it would be wrong to consider it as the main income. An investor should invest such money in trading that losing does not directly affect his personal life. Because an investor can never be sure of profit from his trade. A trader cannot be relied upon for trading money. There are cases of many who want to leave their main work and rely on trading which is a completely wrong decision. Trading life time can be done but for this the trader has to manage the trading accordingly. Although a trader cannot guarantee any profit from trading but if he manages the trading with skill and experience then he must be able to manage long term trading. Many do not want to continue trading for a long time as there is always pressure existing in trading.
It is true trading is like an alternative income source of traders no way to treated it's a main income, who traders considering it's a main earning and depend on this income source then it will be danger, trading is not any guaranteed profits, it's risky so no way to lead your life based on trading income.
You are correct. Trading is an alternative income stream that most investors do not consider as their main source of income. If you have a large holding, you can take trading as a major source of income. I think trading should be considered as an alternative source of income as it is a risky and uncertain form of investment.
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September 24, 2024, 01:33:41 PM
 #353

I believe that some people might not be able make trading their lifetime occupation. It is paramount to highlight that investing in cryptocurrencies involves stress, and other mental health issues, the ability to derive no enjoyment, and the worst part, during bear markets, and the issue of having to trust, which is a problem when scammers are involved. Special emphasis should be made to the state of one’s health and the state of finances in the context of long-term trading.
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September 24, 2024, 01:44:40 PM
 #354

It is true trading is like an alternative income source of traders no way to treated it's a main income, who traders considering it's a main earning and depend on this income source then it will be danger, trading is not any guaranteed profits, it's risky so no way to lead your life based on trading income.

Trading may not be a lifetime job but it may be a way for you to earn a good amount of money to start your own dream business or put the money into something that will be profitable for you. Not all people will see it as an alternative source of income. For those that earn big from it, will not even think twice or view it as an alternative source, they’ll definitely see it as a full time job and a way of making passive income. Many old traders I know are still trading expect for few that have established other things for themselves and don’t find time to trade again. People view it differently based on how it works for them and not on how people have a general overview of it.











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September 24, 2024, 02:06:20 PM
 #355

I think everyone can do that, but unfortunately there are always some traders who cannot divide their time properly, not infrequently those who force themselves to enter the market at the wrong time either at a time when they have other activities or when their mental and psychological are not ready to enter the market which ultimately causes problems in their trading activities such as experiencing unnecessary losses.

Well, anyone that can not cope with trading and their real world job should just do what can be easy for them. It's better for only focus on one thing rather than engaging ourselves with something that will end up to liquidate our capital. I know how I am usually being faced with work load at time and I can not look at the market for some up to a week or More.

Yes and also actually it is okay to dedicate yourself to trading if you want but on condition that you must be able to manage everything well and in balance, in the sense that you must be able to manage your physical activities such as work and also must be able to manage your trading activities well, make sure that everything does not clash, you need to build a good plan, in the sense of doing research first regarding the time you have, for example if you work in the morning until the afternoon then you can enter the market at night for 1-2 hours.

In the end I think everything will remain balanced if you have good time management, because that way you will be able to manage your time according to the portion you have planned. The point is to make sure all your decisions are based on rational thinking especially in dividing your time, because after all when you enter the market at the wrong time then the risk can be quite significant.

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Kcrypto18
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September 24, 2024, 02:24:28 PM
 #356

While it’s risky and not something most people should rely on to make a living, whether or not trading can be a lifelong activity depends on the person. Trading doesn’t guarantee a profit every time, so it’s hard to see it as a stable job. However, if you enjoy trading and it brings in extra money without causing financial problems, there’s no issues with continuing. In the end, it’s about knowing what works for you and when to move on.
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September 25, 2024, 06:33:34 AM
 #357

It is imperative to conduct comprehensive research and comprehend the associated risks prior to making any investments like trading . In addition, it can evoke feelings of exhilaration and the possibility of a large win. You need gain experience and skills be successful as a trader, i used to trade but could make much of a profit but i just don't like the stress.
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September 25, 2024, 11:48:42 AM
 #358

It is true trading is like an alternative income source of traders no way to treated it's a main income, who traders considering it's a main earning and depend on this income source then it will be danger, trading is not any guaranteed profits, it's risky so no way to lead your life based on trading income.
well, I think so too. I think that trading is just one alternative to earn income. In addition, trading is not suitable as a lifelong job or expected income because the risk is quite high. However, I think some people think that trading can also be used as a lifelong job, because the profits are big and they are used to it. It's just that, it would be better if trading was only one source of your income.

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FortuneFollower
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September 25, 2024, 12:02:47 PM
 #359

It is imperative to conduct comprehensive research and comprehend the associated risks prior to making any investments like trading . In addition, it can evoke feelings of exhilaration and the possibility of a large win. You need gain experience and skills be successful as a trader, i used to trade but could make much of a profit but i just don't like the stress.

Trading responsibly or at least trying to do so is as important as what you mentioned.
With time, it will click for you, but no rush should be applied. Otherwise, things may go south.

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September 25, 2024, 12:38:54 PM
 #360

It is imperative to conduct comprehensive research and comprehend the associated risks prior to making any investments like trading . In addition, it can evoke feelings of exhilaration and the possibility of a large win. You need gain experience and skills be successful as a trader, i used to trade but could make much of a profit but i just don't like the stress.

Trading responsibly or at least trying to do so is as important as what you mentioned.
With time, it will click for you, but no rush should be applied. Otherwise, things may go south.
Behaving responsibly while trading is very important for an investor as he owns the capital and future assets. If you are in too much of a hurry to invest, it can backfire on you. Positive steps can make your investment go a long way.
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