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Author Topic: Trading is not a lifetime job.  (Read 2973 times)
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September 25, 2024, 05:16:58 PM
 #361

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.
Fortunately for professionals, maybe they can make this their main income because they already understand properly how to trade and what the risks are, while for beginners this is not recommended at all to be used as the main income, because the risk is very large. Not the profit that can be obtained but the loss that can be felt continuously.

It would be better if this was used as an alternative source of income or additional income, so we still get income from a more certain source with definite numbers too. Indeed, trading can provide great profits, but this is not easy to do at all and is full of risks.

R


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September 25, 2024, 05:36:19 PM
 #362

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.

Everything matters, priority is given to the one that generate more profit to us. Apart from those rich traders who have so much established themselves and have build a wall of wealth around themselves through trading and other many asset that they have invested on, other small scale traders should just have more source of income and not just to relay on trading when they can not live with it for their lifetime.


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September 25, 2024, 05:48:38 PM
 #363

Trading is not an easy task. For this, a deep study of market conditions, ups and downs, charts, graphs, flow charts is necessary. Your hard work, effort and luck will lead you to success. Although trading is not lifetime. But the person who was successful in trading. And he earned well. And the one who liked it. That person will be trading all his life.No other job will suit him. Don't have tension and worry in trading only, do any job to earn a living. It has problems and problems. & you have to face it bravely

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September 25, 2024, 06:37:11 PM
 #364

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.

Everything matters, priority is given to the one that generate more profit to us. Apart from those rich traders who have so much established themselves and have build a wall of wealth around themselves through trading and other many asset that they have invested on, other small scale traders should just have more source of income and not just to relay on trading when they can not live with it for their lifetime.


It would really be just that a common sense in our part on which it will really be that a normal approach for a certain person or being that they will really be sticking into those things on which brings out income or profits into them and doesnt matter whether its trading or any other venture that they could deal on with as long it will really be giving out that kind of opportunity for them to make profits then this what matter the most.
The common issue on here for some people is that they are really that hurrying up themselves when it comes into this aspect on which this is really that not a good thing if you do have this kind of behavior.
Doing your very best on what you are currently dealing with trading and enhancing your skills and knowledge towards it, is really that a good step for you to consider.

Trading could really be a lifetime job but of course this isnt something that you could really be able to achieve in a short period of time on which there would really be those people who would be that becoming
too desperate on trying out to achieve this and without even trying out to realize that desperation isnt something that could really be able to give out any positive outcome.
Take your trading skills into a slow but surely kind of pace on which you do enhance it out as the years passing by on doing it. As long you do see such improvement then youre good to go.

R


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September 25, 2024, 10:29:44 PM
 #365

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.

Everything matters, priority is given to the one that generate more profit to us. Apart from those rich traders who have so much established themselves and have build a wall of wealth around themselves through trading and other many asset that they have invested on, other small scale traders should just have more source of income and not just to relay on trading when they can not live with it for their lifetime.


Once a trader is not yet a pro or successful trader, they need to get alternative job or a good business that would be the main supply chain if anything goes wrong. Even the established traders do make loses and it's normal but they don't disclose their loses to the public. We only see profits that they're making which make us think that they don't make any loses. Trading is all about risk management and that is what can reduce our losses of the bad days eventually come unnoticed. Every trader need to be prepared for the bad days because they are inevitable and that is what differentiate a smart trader from someone that is only in for the money but not in for the loses which can come anytime soon.

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September 26, 2024, 08:28:15 AM
 #366

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.

Everything matters, priority is given to the one that generate more profit to us. Apart from those rich traders who have so much established themselves and have build a wall of wealth around themselves through trading and other many asset that they have invested on, other small scale traders should just have more source of income and not just to relay on trading when they can not live with it for their lifetime.


Once a trader is not yet a pro or successful trader, they need to get alternative job or a good business that would be the main supply chain if anything goes wrong. Even the established traders do make loses and it's normal but they don't disclose their loses to the public. We only see profits that they're making which make us think that they don't make any loses. Trading is all about risk management and that is what can reduce our losses of the bad days eventually come unnoticed. Every trader need to be prepared for the bad days because they are inevitable and that is what differentiate a smart trader from someone that is only in for the money but not in for the loses which can come anytime soon.

Yeah, the focus of those who follows those so-called professionals are only with their shared benefits but they don't seek whether the person are also losing their trades, no one can be as accurate as it can be, so many failed traders compared to those who are really making good success, and most of them are just quitely living their lives privately.

Trading can be your good source of income but you need to always have alternatives sources as chances that risk may lead you to a failed investment and ruined your finances.

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fikrett
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September 26, 2024, 08:34:41 AM
 #367

Yeah, the focus of those who follows those so-called professionals are only with their shared benefits but they don't seek whether the person are also losing their trades, no one can be as accurate as it can be, so many failed traders compared to those who are really making good success, and most of them are just quitely living their lives privately.

Trading can be your good source of income but you need to always have alternatives sources as chances that risk may lead you to a failed investment and ruined your finances.

Totally support you here. You may be a good trader, but you should have other, more stable sources of income.
Otherwise, it may end up badly, and usually, successful traders are not disclosing that they are living to their fullest. Why do so? I don't get it other than to shill your own product of sorts or just to flex, but it's not like it's done for the sole goal of saying: "Look, I am rich and you are not!". But, well, people are different.

armanda90
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September 26, 2024, 11:54:59 AM
 #368

Once a trader is not yet a pro or successful trader, they need to get alternative job or a good business that would be the main supply chain if anything goes wrong. Even the established traders do make loses and it's normal but they don't disclose their loses to the public. We only see profits that they're making which make us think that they don't make any loses. Trading is all about risk management and that is what can reduce our losses of the bad days eventually come unnoticed. Every trader need to be prepared for the bad days because they are inevitable and that is what differentiate a smart trader from someone that is only in for the money but not in for the loses which can come anytime soon.
If still can't mange profitable consistency every trading, I don't think good ideas making trading as lifetime job because can't guarantee always earn much profitable for every trading.
All not about as professional trader or not but depend how lucky when trading and have earn much profitable easily to make trading as lifetime job, but for the beginner still get difficult to earn much profitable consistency make trading as side job only and have main job.

Important thing for trader have prepared another bad day in their trading without earn much profitable or get loss position after any coins investing have lower price, its required having another job and don't make trading as lifetime job during not have saving assets when bad moment in trading.

 
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Unity for Humanity
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September 26, 2024, 02:26:09 PM
 #369

Trading should never be full time, if you have a full time job then a trader can consider doing online trading along with that job. Traders may have a good grasp of various points and be skilled at trading at times but they cannot say that they can make a profit on every trade. Here every trader has to have a lot of trust on the market and observe the market candles well, still they cannot say for sure whether they will make a profit or a loss. So it should never be taken as a life time career for any business.
Olatundespo
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September 26, 2024, 03:53:37 PM
 #370

Trading should never be full time, if you have a full time job then a trader can consider doing online trading along with that job. Traders may have a good grasp of various points and be skilled at trading at times but they cannot say that they can make a profit on every trade. Here every trader has to have a lot of trust on the market and observe the market candles well, still they cannot say for sure whether they will make a profit or a loss. So it should never be taken as a life time career for any business.
If an investor has enough time, he can devote full time to market research and investing. This process may only be applicable to experienced investors as they tend to trade during retirement if they have no alternative source of income. In my opinion those who are still young investors should consider trading as a part time source of income.

uswa56
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September 26, 2024, 05:32:52 PM
 #371

Once a trader is not yet a pro or successful trader, they need to get alternative job or a good business that would be the main supply chain if anything goes wrong. Even the established traders do make loses and it's normal but they don't disclose their loses to the public. We only see profits that they're making which make us think that they don't make any loses. Trading is all about risk management and that is what can reduce our losses of the bad days eventually come unnoticed. Every trader need to be prepared for the bad days because they are inevitable and that is what differentiate a smart trader from someone that is only in for the money but not in for the loses which can come anytime soon.
If still can't mange profitable consistency every trading, I don't think good ideas making trading as lifetime job because can't guarantee always earn much profitable for every trading.
All not about as professional trader or not but depend how lucky when trading and have earn much profitable easily to make trading as lifetime job, but for the beginner still get difficult to earn much profitable consistency make trading as side job only and have main job.

Important thing for trader have prepared another bad day in their trading without earn much profitable or get loss position after any coins investing have lower price, its required having another job and don't make trading as lifetime job during not have saving assets when bad moment in trading.

It is true, when we are not able to be consistent in making profits in trading, it is better that we do not make trading a lifelong job because when we do not make a profit for some time, of course we will have difficulty in meeting the needs we need and I also agree with you as a trader, of course they have to think about the bad possibilities that they will face when trading and with the existence of a source of income This will of course be very helpful for them in dealing with this situation because without income when experiencing this situation, it will be very difficult for anyone to be able to bounce back from the failure they are experiencing and with other sources of income, of course this will make it easier to get back up from the bad things that we are experiencing.
Franctoshi
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September 26, 2024, 06:23:07 PM
 #372

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 don't really think if you are in place to speak for all traders what trading means to them, some can see it as a life time job ,whereas some won't see it that way, talking about stressful aspects of it yes , but there's a level you would reach in trading, that's profiting and you acquire tools that will help you trade stress free, trading is most stressful when you are a beginner, you don't understand trading in general and aren't profiting, isn't a must you will trade each day, most successful traders I have came across don't trade regularly, they most swing the market. Set your stops, entery and exit and ride the market.

 
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milewilda
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September 26, 2024, 06:41:23 PM
 #373

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 don't really think if you are in place to speak for all traders what trading means to them, some can see it as a life time job ,whereas some won't see it that way, talking about stressful aspects of it yes , but there's a level you would reach in trading, that's profiting and you acquire tools that will help you trade stress free, trading is most stressful when you are a beginner, you don't understand trading in general and aren't profiting, isn't a must you will trade each day, most successful traders I have came across don't trade regularly, they most swing the market. Set your stops, entery and exit and ride the market.
Yes, we do really have that own approach and this doesnt matter what things you are really that having in mind when dealing up with trading on which we know that when it comes into this aspect then it would really be that important that you should really be knowing at least on the things that you've been dealing with. The important thing on here is that on how you do make yourself profitable onwhich this is something that matter the most. When they do make trades and trying out to make a living then let them be, if it turns out that they were that profitable then its good since not all would really be such on certain state.

This is why its important that whenever you do make dealing with trading then the one thing that signifies that you are really that doing welll is on the time that you do make yourself that profitable
when it comes on doing it. Each person does have their own approach on doing trading and just like been said that profitability will really be an indication whether they are doing good or not.

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September 26, 2024, 07:30:21 PM
 #374

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.

Well, that's it. Trading can actually be combined with other jobs or activities, depending on the individual. Only those large investors who are very successful in trading can do just trading as a source of income while still investing in other assets. But for a small scale investor who have other jobs but also have interest in trading, they can just combine both.


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Lida93
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September 26, 2024, 07:37:33 PM
 #375

Once a trader is not yet a pro or successful trader, they need to get alternative job or a good business that would be the main supply chain if anything goes wrong. Even the established traders do make loses and it's normal but they don't disclose their loses to the public. We only see profits that they're making which make us think that they don't make any loses. Trading is all about risk management and that is what can reduce our losses of the bad days eventually come unnoticed. Every trader need to be prepared for the bad days because they are inevitable and that is what differentiate a smart trader from someone that is only in for the money but not in for the loses which can come anytime soon.
There's no pro trader that don't incur losses and it's stupid to think that because someone is a professional trader he is above losing. That's bullshit!
I think the very sure way to stay long probably to old age with trading is by getting other sources of making income apart from just having to live on trading only. Like when the bad days comes, the bear days it's your other source of income you fall on waiting for when the market start going bullish again. It's gonna help the trader alot from incurring avoidable losses. More so, you won't get to pursue unnecessary high risks to make huge profits since you have other means to make money order then just the trading alone where you rely on as your all in all to cover your bills.

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September 26, 2024, 09:26:15 PM
 #376

I myself personally agree with you trading cannot be a life time job surely when you are still young trading may not seem stressful but as time goes on it actually isn't as easy as it use to be and let's not forget about the health issues it may cause in this case I'm talking about increase In the blood pressure and the mental stress you have to fo through
In my advice I say trade now and if you are a successful trader invest more and establish yourself than after all that you can focus more on teaching trading rather than trading yourself
Well this is my opinion I'm very much open for any corrections you may have
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September 26, 2024, 09:33:22 PM
 #377

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.

Well, that's it. Trading can actually be combined with other jobs or activities, depending on the individual. Only those large investors who are very successful in trading can do just trading as a source of income while still investing in other assets. But for a small scale investor who have other jobs but also have interest in trading, they can just combine both.

Yes and one of the reasons why trading is not recommended to be combined with time for other activities is because trading is an activity that requires us to fully focus on the market and the planning we have, meaning that when we combine two things at the same time, of course we will not focus and the risk is that we will be closer to loss.

On the other hand, one of the reasons why I quite agree with your opinion about big investors or those who have a very good financial situation that they earn from other things are allowed to make investment as a source of income is because they already have several other places that can continue to provide them with income, so even if for example you experience a loss in trading but you still have another job that provides income for you.
So never make trading the only place to earn because it is too risky.

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