TRADERS are not UNEMPLOYED

[chigo]

There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.

However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.

this original topic comes from a local topic that I created
Read More: https://bitcointalk.org/index.php?topic=5464037.msg62727614#msg62727614

[Alone055]

It depends from person to person and whether a trader is actually making money consistently or not. A lot of people don't take trading as a full-time gig, they do it part-time and want to earn an extra income with it. It's only some traders who are in it full-time and they don't do it for fun or to earn a few bucks every day or week which isn't enough for them to live their life off of it.

A person who gets into trading with the intent to make an income from it, would need to have a sum that is good enough to generate decent profits for them if they do day trading because the amount of profit depends on the amount of money you are using for the trades. After all, 10% of $100 is $10 but 10% of $1,000 is $100. So the capital makes a difference.

Other than that, one needs to have a general interest in trading to be able to earn money constantly from it because if you are forcing yourself to get into it, you will barely be able to gain enough knowledge and without enough knowledge, you won't reach your target.

[electronicash]

you will only be considered better when you bring much money to the family. whether you see yourself as self-employed because you trade or just unemployed it doesn't matter to the eyes of those who judge you. if you don't wear your pants, you're unemployed that's what they see. you can either ignore them and mind your own business.

or let them know you pay your rent yourself or contribute to the family and it comes from your pocket because you have a job online. you just have to show your achievements, those kinds of people are materialistic, they need to see your expensive car. 

[danherbias07]

As long as you make money then I guess no one should care if you are unemployed or not. But literally, you are unemployed because you are not in a contract with someone else but in the era that we live in today a lot of jobs are created thanks to the power of the internet. There are streamers who make consistent money, but they are also unemployed because there's no assurance that they will have incoming money the next day or not. They have to be active on social media so that they can make more content for their streams.
Traders do make money too but the question of "Until when?" will always pop out, especially in an unpredictable market. So yes, I would still consider getting a job for consistent money and then use the trading profits as my extra for other stuff that I need to spend.

[batang_bitcoin]

Let's all settle and agree that trading is an actual trade where you can be a professional or just a casual trader who earns from it. As long as you're earning money from it and you're profitable, you can label it however you want. A profession, a business, an employment, or what you are comfortable with. If it becomes a debate, for me it does not make sense, to say the least, to defend each other's thoughts about it. So, if you are making money out of it then that's good but if you're starting out but you are seeing yourself to become profitable in the future then good luck to that being as an aspiring trader and just do your best.

[Oshosondy]

Not all traders can use trading to make money. According to some reports that I have read before, most traders are losing. Those with small amount of money will lose because they risk more and not patient. When someone will think of trading to make himself money, he may lose. If you are trading, you should not consider it as a job. You need a reliable job. Trading is risky like gambling and it should not be seen as a job.

[tvplus006]

...However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably...

If you really manage to become a good trader, then you will not need additional income, no matter which way the market is moving, you will always be able to make a profit from it. The only problem is that a very small part of those who decided to make money by trading become good traders.

[Slow death]

Honestly, I would say that traders are unemployed. because they do not have an employment contract with any company, they do not have the contractual obligations that company employees have had. They do not work hours according to normal working hours and most importantly: traders do not have a fixed income, traders do not even know if they will make profits in a given month. Those traders are definitely unemployed. Now talking about trades as people who have money on their own, then we enter into a very complicated topic that needs to be talked about without expressing feelings, being realistic. If we look at the number of people around the world who are trading and ask them the following:

Can you make a profit by trading every month to pay your bills?

If the guy answers that yes, he can make a profit from trading and then we ask him to show proof that he can actually make a profit every month from trading to the point of paying all his bills, we will see that he will not be able to show any proof. he lies, he will be showing the profit he made with courses he sold or with profits from his social media channels, but he will not show the profit he made only with the trading platform. That's why I don't believe these guys who consider themselves trading experts and show off a luxurious life that they say they achieved thanks to trading.

[mk4]

Traders = unemployed (unless working for a trading firm) = not employed

Hence, solo/at-home traders are unemployed.

Why look too deep into it? Unemployed doesn't necessarily mean you're not working on something. It's just the fact that you're not under a company's payroll.

[logfiles]

Trading is risky like gambling and it should not be seen as a job.

Do we have stop losses in gambling as well like it is in trading? 

I still believe Gambling and Trading are not the same. Gambling is perfectly for fun and entertainment for those who have some money to blow off. If you get into gambling thinking you will be earning some daily, weekly or monthly income, then you are going to be f##Ked

Trading on the other side can be a very decent "job". I mean, look at all those historical stock trading giants and corporations. They made or make money, not by trading for fun or entertainment, like someone who enters a casino in Las Vegas without knowing how the night will end.

[Oshosondy]

Trading is risky like gambling and it should not be seen as a job.

Do we have stop losses in gambling as well like it is in trading? 

I still believe Gambling and Trading are not the same. Gambling is perfectly for fun and entertainment for those who have some money to blow off. If you get into gambling thinking you will be earning some daily, weekly or monthly income, then you are going to be f##Ked

Trading on the other side can be a very decent "job". I mean, look at all those historical stock trading giants and corporations. They made or make money, not by trading for fun or entertainment, like someone who enters a casino in Las Vegas without knowing how the night will end.

Gambling is not trading but the risk is much as it is in gambling. Theoretically you can see a lot of differences in gambling and trading, but in real life you will noticed that they are both risky.

If you have other sources of income and you are trading, you will not rely on trading. You will be able to make the right analysis and not panic. But if someone is thinking of earning from only trading, the person is knocking the door to his own failure.

Trading should not be seen as a job. It will let you want to set target. Poor think can come from there. Trading should only see trading as alternative and enter the market when necessary.

[GreatArkansas]

Traders = unemployed (unless working for a trading firm) = not employed

Hence, solo/at-home traders are unemployed.

Why look too deep into it? Unemployed doesn't necessarily mean you're not working on something. It's just the fact that you're not under a company's payroll.

True, it seems some misunderstanding here or some different opinion and understanding of the meaning of being employed and not.

Some also tell fulltime traders, but we can't say they are employed especially if they are trading alone using their own money and can trade anytime they want and not relying to other people or company.

[mk4]

Gambling is not trading but the risk is much as it is in gambling. Theoretically you can see a lot of differences in gambling and trading, but in real life you will noticed that they are both risky.

If you have other sources of income and you are trading, you will not rely on trading. You will be able to make the right analysis and not panic. But if someone is thinking of earning from only trading, the person is knocking the door to his own failure.

Trading should not be seen as a job. It will let you want to set target. Poor think can come from there. Trading should only see trading as alternative and enter the market when necessary.

I know that trading is heavily frowned upon here (for the right reasons, and I absolutely won't recommend trading to anyone), but it's not THAT one-sided and binary. Trading — depending on strategy, can actually work, it's just that a huge majority of people won't be able to successfully pull it off. With that logic you're pretty much also clumping up starting a business with gambling just because it's also very risky.

[LogitechMouse]

If you are trading, you should not consider it as a job. You need a reliable job. Trading is risky like gambling and it should not be seen as a job.

I guess it depends on the situation.
I would agree with what you said that trading can't be a reliable job since the income isn't stable, but there are some factors that might affect that one.

Let's say for example, a trader is making 5 digits on a monthly basis just by doing trading. Yes, there are times where he lost money in trading since no one can predict the market with 100% accuracy, but at the end of the month, he's making money like other employees. Do you still need to have a "RELIABLE" job if you know yourself that you are making money in trading "CONSISTENTLY"?

As much as I don't want to consider trading as a job, there are some traders especially those expert ones that took trading as their full-time job already just because they're earning in it. Some might even earn more than most of the employees who are working 8 hours per day. At the end of the day, it all depends on the situation.

[Natsuu]

As long as you make money then I guess no one should care if you are unemployed or not. But literally, you are unemployed because you are not in a contract with someone else but in the era that we live in today a lot of jobs are created thanks to the power of the internet. There are streamers who make consistent money, but they are also unemployed because there's no assurance that they will have incoming money the next day or not. They have to be active on social media so that they can make more content for their streams.

I have the same idea in my mind too. Who cares of what area of employment you belong to if you are making X amount of money to cover your expenses and live the life that you want for yourself. The main goal is to provide for your love ones, have generational wealth, and be done with the rat race. And if you do well enough in trading, you can put all those pieces together as your success. As long as there's a market, trading will always be a relevant job and you can trade for a living if you have the right skill and the right perspective.

[Awaklara]

I just want to say that trading requires capital. Indeed, even if you don't have a job, if you have capital you can do the job. As many people suggest, if you want to invest in crypto or trade, you have to use money that you are prepared to lose. This means that using savings to trade is very risky.
If you are unemployed and can still keep your trading going, then you can trade. although it is not recommended to make day trading your job. that's because not every time you can make money from trading. if you have bad luck, it will only waste your capital.

[hugeblack]

It is a mistake to consider trading as a job in the sense that you depend on it to buy essentials and pay bills, because trading brings profits over a long period of time and patience, and the bills may not bear patience for more than a month.
Therefore, even describing trading as free work comes from the fact that it is something you do without restrictions on its timing and lifestyle, but as soon as trading is restricted or governed by a specific price or need, it will be unprofitable and may lead to losses.

[OcTradism]

It is a mistake to consider trading as a job in the sense that you depend on it to buy essentials and pay bills, because trading brings profits over a long period of time and patience, and the bills may not bear patience for more than a month.
Therefore, even describing trading as free work comes from the fact that it is something you do without restrictions on its timing and lifestyle, but as soon as trading is restricted or governed by a specific price or need, it will be unprofitable and may lead to losses.

Trading or investment can be considered as a source of income but a trader or an investor actually needs to have reserved money for paying bills. Because the market can move opposite to what the trader or the investor thinks. So if all money already spent for trading or investment, there will be calls to pay bills and that trader or investor will be forced to sell their bitcoins or altcoins, to get some money for paying bills.

Being forcefully sold an asset like this, will not lead to good exit price and a trader or investor will have higher risk to lose money than get profit.

[mindrust]

Unless you withdraw your profits and use them to buy something else, all of your profits are on paper. That’s the problem with trading. Traders usually don’t know when to take profits and in the end they usually quit it at a loss. People can make money from trading indeed but they need to follow a few hard rules which they can’t ignore. Profit taking is one of them. Not being too greedy is another. As you go deeper into trading, you will make more mistakes that will make you lose money and by doing so you’ll notice the other rules as well.

Trading needs you to be alert all the time because the markets can go wild randomly.

[poodle63]

I always consider trader to be like entrepreneur they just don't have fixed line of work as well as fixed schedule they have a purpose that is to make a money then they doing it regardless of the time constraint since they have none also the risk is also there with entrepreneurship you risk losing your capital when starting a business same thing with trading, i mean to be honest people that don't consider trading as a job is kinda ignorant since there are literally people making ton of money by just trading alone that even a salary of $100k a year seems like so small for them.
though there are indeed some people that trade just for side hustle and they don't earn that much since they are not focused on their trading but an income is still an income and their side hustle is pretty much a side job too just like how people are doing two jobs these days its pretty common.
though some people would rather consider whatever job that don't give stable income as not a real job whereas thats pretty biased and I strongly disagree.