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Author Topic: TRADERS are not UNEMPLOYED  (Read 1092 times)
mk4
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April 30, 2024, 06:37:20 AM
 #41

Hence, solo/at-home traders are unemployed.
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.
Take a look with Cambridge dictionary.

not having a job that provides money:

It means if the traders make money from trading, it's considered as self employed. But if they didn't earn from trading, they're unemployed. Unemployed is when you didn't provides money, it's why traders get taxed because they're making money.

"Job" isn't necessary need to rely on other people money or under someone company.

In summary: It will totally depend on which dictionary definition you're going to base it upon lmao — hence, again, it's something that people shouldn't really be taking too seriously. I don't know why it's such a huge ego-hit for people to be categorized as unemployed.

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April 30, 2024, 08:34:58 AM
 #42

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.

Even though trading has risks and at any time someone can lose money in the market, if someone has earned money consistently there he can consider trading as his job. There is a friend of mine who makes money through trading, so when people ask him what his job is, he will immediately answer that he is a trader, because from the start he entered the world of trading he has been focused on being able to make it his job and lucky for him he can earn stable money from it. So depending on the individual, he can consider trading as his job or not.

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April 30, 2024, 01:18:28 PM
 #43

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.

Even though trading has risks and at any time someone can lose money in the market, if someone has earned money consistently there he can consider trading as his job. There is a friend of mine who makes money through trading, so when people ask him what his job is, he will immediately answer that he is a trader, because from the start he entered the world of trading he has been focused on being able to make it his job and lucky for him he can earn stable money from it. So depending on the individual, he can consider trading as his job or not.
What's the op is saying is about employability, he wasn't talking about profitability. It is true that many traders losses more than the gain. But then anyone who is into cryptocurrency trading for more than one year must have found a way to gain because you cannot be losing and losing and you continue losing. Some people make more money teaching how to trade than trading itself, some people write journals on how to trade and some people provide signals. In whichever way you are able to end in the name of trading, it is fine I should be recorded for you as a genuinely and money. Therefore someone who is a trader could be considered employed by himself if he is doing it professionally. Yet, it is advice that a trader should have another source of income to augment in terms of emergency and uncertainty because trading is a risky business.

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April 30, 2024, 01:35:54 PM
 #44

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.

For the last 5 years I've always ended in green in gambling, even for lower timeframes, does this mean we should count gambling as employment also as long as you're making money? I know a few punters who have made hundreds of thousands betting on what they know based on timeforms which are the same as TA, so are they employed also?

There are people who collect soda cans and plastic bottles, they earn constantly, should they call themselves employed also?

After all with soda cans you don't lose money, what kind of job is that in which for three months you have to take money from your savings to be employed and keep working?






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April 30, 2024, 02:32:55 PM
 #45

snip
what others think about you doesn't matter as long as you are being successful at it. Trading as your primary job is highly risky which also should be pointed out here.
Trading is a high-risk activity but there are people out there who are willing to put their full time into trading and make it their main income.

I know a lot of full time traders, who only do trades but they belong to the rich family category, even if they are not making money they still can continue their life as used to be. But if someone from salaried class with saved capital for trading deciding to shift from job to full time trading is never recommended.









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April 30, 2024, 03:00:28 PM
 #46

I know a lot of full time traders, who only do trades but they belong to the rich family category, even if they are not making money they still can continue their life as used to be. But if someone from salaried class with saved capital for trading deciding to shift from job to full time trading is never recommended.
In fact, I would agree that everyone who likes to trade in any market should not leave their main job or a job that has long provided them with a regular income. Because from this income, each person can separate a little of their capital for trading and the rest for their living, because something like that will also make them more comfortable at work and also in trading part-time without disturbing the main job they have been doing for a long time before. Because trading also does not provide a guarantee of continuous profits in a row in any market.

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April 30, 2024, 03:46:25 PM
 #47

I don't really care about people's perspective on trader activities - even trading can be considered a job or not. Trading is an activity that is profitable and can also be detrimental - but not everything that is profitable and detrimental is a job. I tend to ignore that perspective and tend to expect traders to continue with their activities - it doesn't make any difference to me.

Trading is an activity that requires two market players, namely buyers and sellers. Both market participants should be thought of as workers who influence the market thereby causing asset prices to fluctuate - so trading might be considered work based on that understanding, while others might also say it is not.

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April 30, 2024, 04:12:43 PM
 #48

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.


Everyone should stop with the bolded quote, AND IGNORE everything else in the topic. Because it's either you're "self-employed" and making money from the other participants of the market, OR you're giving the ability to some individuals by giving your money to those participants in the market who are better in trading/investing than you.

It's either you're the one employed, or giving the employment for them to be employed. ¯\_(ツ)_/¯

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April 30, 2024, 05:55:42 PM
 #49

For the last 5 years I've always ended in green in gambling, even for lower timeframes, does this mean we should count gambling as employment also as long as you're making money? I know a few punters who have made hundreds of thousands betting on what they know based on timeforms which are the same as TA, so are they employed also?
different countries have different views, if we talk about those who live in countries where gambling is legal then they think gambling is a job, those who live in an intelligent environment, definitely think whatever they do, as long as it makes money then it is a job

There are people who collect soda cans and plastic bottles, they earn constantly, should they call themselves employed also?

After all with soda cans you don't lose money, what kind of job is that in which for three months you have to take money from your savings to be employed and keep working?

Soda bottle collecting can also be said to be a job, it's just that this job has a lower caste in society, trading is still very foreign to many people so they will look differently at people who make a full time living based on trading

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April 30, 2024, 06:53:34 PM
 #50

I know a lot of full time traders, who only do trades but they belong to the rich family category, even if they are not making money they still can continue their life as used to be. But if someone from salaried class with saved capital for trading deciding to shift from job to full time trading is never recommended.
How I wish that most of us were born with silver spoon and even we grow old, we won't be poor and don't have to worry about anything tomorrow.

But it's true that someone who's working with a stable job, shouldn't go into full time trading when he's not yet prepared of what might come.

Nowadays, it's best to have a lot of sources of income so having that stable salary and do trading whenever you want to do it. Also, you won't get called unemployed. LOL.



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April 30, 2024, 07:34:23 PM
 #51


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.  Grin
traders is self employed staff, learning how to trade is like some who wants to establish it supermarket or any business because the business is something that have to do with personal knowledge, so whosoever that is a trader is a self employed person it doesn't matter how much you earn and how much you generate in your  business, a trader can earn more than  a government employed person base on its generating profits weekly and monthly, so trading is good but its ability to understand it's  rudiments

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April 30, 2024, 07:44:10 PM
 #52

Quote
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
JOB/Extra income or whatever you would be able to call it out then it would really be that just that depending on a certain individual on how you would really be that making yourself treating up towards trading.

This isnt something that can be called for fun for sure because we are talking earning money on here on which this could really be possibly be able to surpass on what you are earning from your day job.
This is why tons of people would really be considering out on learning on it because we do know on what are the opportunities that it could give on the time that you would really be having that good grasps
for sure you would really be needing up to be serious as it should be cause the money or profit you are making will really be definitely reflects out on how well you do make yourself that making
these trades whether its a work or not on someones perception or treatment then it wouldnt matter, we do have our own views and perspectives in life and on different things.

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April 30, 2024, 09:37:26 PM
 #53

Quote
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
Hi all brothers Wink
It's really work and it takes a lot of time! And it happens that there is knowledge, but there is no volume... There are different situations in life! If you are interested, read, I wrote an article about how I went from the beginning to the top trader, there is also a lot of interesting information there... True, it is in Russian: (I would like a person who knows English to translate it.. Therefore, I agree with you, it is difficult work! But you can earn money if you know what to do. Good luck all.
 God bless all  Roll Eyes Roll Eyes Roll Eyes

My article: https://bitcointalk.org/index.php?topic=5494301.0
Who will help translate it into English and publish it? I will be incredibly grateful, I want English-speaking people to read it too, maybe someone saw me Smiley

Bxoдил в Toп 4 тpeйдepoв пo ROE нa Бинaнc пo фьючepcaм.Я внyк Baнги.
He was one of the Top 4 traders in ROE for Binance futures.I am grandson Vangi.
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April 30, 2024, 10:38:46 PM
 #54

From my perspective, anything anyone takes seriously and earns a good profit from it on a regular basis, such that, it is enough to keep one afloat and hopeful, can be considered a career for me.
True wealth from my understanding from reading several pieces, is often a result of how valuable one has become while being consistent, efficient and disciplined in mastering a skillset.
I consider trading as a valuable skillset, that can ensure financial independence and wealth, in today's society, a good skill or tradecraft pays better than a white collar job.

.
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May 01, 2024, 01:06:58 AM
 #55

From my perspective, anything anyone takes seriously and earns a good profit from it on a regular basis, such that, it is enough to keep one afloat and hopeful, can be considered a career for me.
True wealth from my understanding from reading several pieces, is often a result of how valuable one has become while being consistent, efficient and disciplined in mastering a skillset.
I consider trading as a valuable skillset, that can ensure financial independence and wealth, in today's society, a good skill or tradecraft pays better than a white collar job.
If someone already has skills in the field they work in, of course this will be very good because it will be able to provide them with regular income, but in trading of course we don't know for sure the results we will get and even for some people who already have experience and also good skills regarding trading, there are still those who experience failure and I think it would be better to make trading as a side job because if we fail several times in trading, of course we will lose a lot of the money we have, so it is important for us to be able to have the main job that can provide a definite income and make trading an additional source of income for us.

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May 01, 2024, 01:38:23 AM
 #56

Traders who focuses on this are not employed but it's exactly their preferred career. Somehow some people who've been working chooses to do trading as their part time source of income just to earn better opportunity to maximize their profit instead of relying from main source of income due to inflation rate of fiat currency.
Doing such efforts to earn from crypto currency is the best ways if earning rather than physical businesses.


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May 01, 2024, 05:53:54 AM
 #57

Traders who focuses on this are not employed but it's exactly their preferred career. Somehow some people who've been working chooses to do trading as their part time source of income just to earn better opportunity to maximize their profit instead of relying from main source of income due to inflation rate of fiat currency.
Doing such efforts to earn from crypto currency is the best ways if earning rather than physical businesses.
Traders will make trading their permanent job and they will try hard to make money. They will use their time to continue learning so they can have better trading skills. It's the same as people who work in companies or offices.

What is important is that traders can make money from trading and often the money they make can be greater than those who work in an office. It will depend on how they can improve their skills and still earn income from trading. Meanwhile, people who are already working and continue to trade do so because they want to have income outside of their salary.

People can say that trading is a self-employed job and it is true because trading is not limited by time. People can trade whenever they want and the important thing is that they can set their time for trading.

.
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May 01, 2024, 06:29:27 AM
 #58

There is no chance in the world that people who earn money to support their family and living expenses can ever be labeled as unemployed. A trader must trade to make money and to make a living out of it. So Tina must not be reported as unemployed. He may spend his full-time or part-time in trading. After all he works to earn money and earn a living.
From my point of view, no one in the world is unemployed. Every person in the world is closely involved in various activities to make their life easy and normal. Some are directly involved in earning money and some are working as assistants to earn that money so no one can be called unemployed.

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May 01, 2024, 09:13:59 AM
 #59

A trader is not unemployed; they just work hard for it to be enjoyed and used as an income. I am a trader and wanted to be financially stable without any side income to support my finances.
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May 01, 2024, 09:20:50 AM
 #60

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what others think about you doesn't matter as long as you are being successful at it. Trading as your primary job is highly risky which also should be pointed out here.
Trading is a high-risk activity but there are people out there who are willing to put their full time into trading and make it their main income.

I know a lot of full time traders, who only do trades but they belong to the rich family category, even if they are not making money they still can continue their life as used to be. But if someone from salaried class with saved capital for trading deciding to shift from job to full time trading is never recommended.
This cannot be denied, usually when rich people trade they use their cold hard cash and this makes their decision making better (the majority of rich people rarely make trading their main source of income) than the working class who trade with their own money.  The pressure received by traders is different from each other, so becoming a trader is not an easy matter, indeed everyone can become a trader but that doesn't mean everyone can make a profit when trading, someone who makes a profit in trading is definitely someone who is successful with his considerations in trading.

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