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Author Topic: TRADERS are not UNEMPLOYED  (Read 1994 times)
Cryptoababe
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May 31, 2024, 02:54:44 PM
 #161

If you say trading is a job, then it is a very risky job. Traders lose money and make profit and most time, the market is always unpredictable.
For me, I see trading as side hustle which is supposed to be because I mostly lose money when it gets to a particular stage of the market. And I get liquidated even if I set stop loss. And that's because all my entries are not always right then.
So, whenever I start making profit, I don't see it as a thing to make me quit my job but a temporary way to earn extra cash.

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May 31, 2024, 06:49:23 PM
 #162

It will depend though, I mean not everyone has the ability to focus on two things and we all know that trading requires you a laser focus and some more dedication because that's where the money is and you can't really afford to trade when you're exhausted from your work so technically if you want to really do things the right way with trading, you're probably going to have to let go of your job to do trading full-time, it's not recommended but that's just how it is, my point is that even if we don't generalize, we can never be too sure that this isn't the truth and that most of the time, unemployment for most traders is an inevitability.
Yes, even though some people might think that it is easy to move from a regular job to cryptocurrency trading, it is not as simple as they might think it is, and just like you, I would never recommend someone doing that before they think everything through before making a final call.

Leaving your job to become a full-time trader can only be good if you have already made all the preparations beforehand, you need to make sure that you have good capital to start with, enough knowledge so that you don't mess everything up, and enough understanding of the market. I would say that a person should only decide to become a full-time trader if they see that they are good at trading and are already earning good profit from it.

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June 01, 2024, 11:06:06 AM
 #163

if you are well skilled trader you can easily make a earning in trading but of course trading must need to have a budget allotted on this and if you have a money for your trading journey it's good but if not it's hard to make use trading as possible way to earn this needs to have atleast a capital.
Trader must have both skills and money if you lack on this you will not become an efficient trader. IMO ideal if you have a stable job so you can have a monthly or weekly source of income if you lose your funds you have a backup that caters your daily needs to survive.

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June 01, 2024, 12:22:46 PM
 #164

For me personally yes that traders are self-employed where they manage everything and can get income for sure. But in here at least, as long as you are not outside to meet someone for work matters they think you are just unemployed and they are questioning where the hell your money come from. The society in there have mindset that you need to go to office or something so you can be called employed, primitive mindset I would say.

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June 01, 2024, 09:44:35 PM
 #165

It depends on how the individual carries out trading and if trading does not provide financial benefits then it should not be suitable. Unemployment is always associated with not having a job and if you can make money from trading then it shouldn't be a problem. The mistake of many people is to see unemployment in a much narrower aspect because we are considered to be working even though sometimes we don't make any money.

Now there are many models of work that do not require an office, time like general work or uniforms because technology has developed so much. Work can also be done anywhere as long as we know how to take advantage of existing technological sophistication. Unfortunately, society's thinking is sometimes too narrow and trading which can make money is also part of the job even though we manage our own time.
While trading do not end up profitable for some, but for good and skillful traders, they make sure to trade and yield a decent income after. That shows that trading can definitely become a job if you are doing great at it, but if you only trade and lose most of the time, thus putting your money at waste, you are not doing a job but more likely an interest or a hobby. And certainly, no issue with it because as long as you keep practicing and harness your trading skills, you will certainly become profitable in the end.
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June 04, 2024, 05:03:06 PM
 #166

For me personally yes that traders are self-employed where they manage everything and can get income for sure. But in here at least, as long as you are not outside to meet someone for work matters they think you are just unemployed and they are questioning where the hell your money come from. The society in there have mindset that you need to go to office or something so you can be called employed, primitive mindset I would say.
That is rightly said but it is not only primitive mentality but disgusting mentality that those who earn at home are unemployed. It is a type of social disorder that creates barriers to the economic development of the society or the country. Many people have many skills and interests in information technology. They can improve the technology. But if a job is imposed on them, good results cannot be expected. So if every person in the society is aware and the country's government motivates people by recognizing freelancing or outsourcing then the country could develop faster.

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June 05, 2024, 03:41:02 AM
 #167

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
traders are not employed but they have an earnings and sometimes it is bigger than the salary of the employed person, the only difference is when you are employed you have a boss, you need to finish the required production of the company or the required works to finished and you have to work whole day, while in trading it is just like you own your time and no superior to follow. So less stress than being employed by companies.

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June 05, 2024, 07:18:09 AM
 #168


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
Theirs something we need to understand in trading been unemployed and also be a safe employed, because basically you have to understand the difference between trading and unemployed..from my perspective trading is basically a safe employed and it differs from getting employed or working for government, anyone who is a successful trader obtained a skill and he or she is making it ways through trading at that moment is a safe employed because it engage in something that fetched him funds without been dependent on government, its the government that employed people to work under them but a trader is independent on his job and if it experienced loss it will not complain to government neither any.


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June 05, 2024, 06:41:02 PM
 #169

traders are not employed but they have an earnings and sometimes it is bigger than the salary of the employed person, the only difference is when you are employed you have a boss, you need to finish the required production of the company or the required works to finished and you have to work whole day, while in trading it is just like you own your time and no superior to follow. So less stress than being employed by companies.

Traders can be employed but for it experience for years is necessary so if you are newbies and do not have enough knowledge then you cannot be at work as an employee because there will be more probability to lose money while an employee does not lose money when he does not work daily.

To continue trading or not is totally dependent on a person while as an employee you will be totally dependent on your boss for work. I think if you are not an expert in trading and fail to learn well then trading becomes more risky for you so at that time don't continue trading and work for another job.



 

 

 

 

 

 


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June 05, 2024, 07:26:36 PM
 #170

traders are not employed but they have an earnings and sometimes it is bigger than the salary of the employed person, the only difference is when you are employed you have a boss, you need to finish the required production of the company or the required works to finished and you have to work whole day, while in trading it is just like you own your time and no superior to follow. So less stress than being employed by companies.

Traders can be employed but for it experience for years is necessary so if you are newbies and do not have enough knowledge then you cannot be at work as an employee because there will be more probability to lose money while an employee does not lose money when he does not work daily.

To continue trading or not is totally dependent on a person while as an employee you will be totally dependent on your boss for work. I think if you are not an expert in trading and fail to learn well then trading becomes more risky for you so at that time don't continue trading and work for another job.
One of the most or be the main consideration at the moment that you would really be stopping or resigning from your work is to make yourself that sustainable on your trading career.
If you do find yourself not be able to acquire or achieve such condition then ebtter think not to have those kind of hopes because its never been that so simply on acquiring up such skills that make you sustainable.
This is why as much as possible on where you wont really be quitting up your job at the same time you do make out those side trades on which this is something that will really be that give out at least having that
chance that you could really be able to improve  yourself way more better at the time comes that you do find yourself that sustainable then this is where you would considering on stopping.

Trading is never been that a solution on the moment that you dont have a job or making it as a ousrce of income. It is something that will really be that in line
with someones sustainability at the moment that you do find yourself into this kind of situation.

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June 05, 2024, 08:57:10 PM
 #171

For me personally yes that traders are self-employed where they manage everything and can get income for sure. But in here at least, as long as you are not outside to meet someone for work matters they think you are just unemployed and they are questioning where the hell your money come from. The society in there have mindset that you need to go to office or something so you can be called employed, primitive mindset I would say.
Yes that's correct. There are still many people who think that a job must have an office and there must be a salary every month. Many people misunderstand work. In fact, if someone can make money even just sitting relaxed in front of a laptop, then he can be categorized as not unemployed because what is said to be unemployed is that he has no income at all.

Trading for me is a job, even now it has become a profession for those who are experts in the field of trading. A job doesn't have to be physical before it can be called a job, in modern times like today there are lots of ways to earn income, even content creators can be said to be a job now because they make money.

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June 07, 2024, 06:30:12 PM
 #172

At first glance, people think that crypto trading is unemployed because they don't do real work, I suggest to traders to continue working in the crypto space, which is important to be able to produce without harming other people, let people think we are unemployed. In this way, our mentality is stronger both in society and when trading on crypto forums.

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June 07, 2024, 06:48:09 PM
 #173

One of the most or be the main consideration at the moment that you would really be stopping or resigning from your work is to make yourself that sustainable on your trading career.
If you do find yourself not be able to acquire or achieve such condition then ebtter think not to have those kind of hopes because its never been that so simply on acquiring up such skills that make you sustainable.
This is why as much as possible on where you wont really be quitting up your job at the same time you do make out those side trades on which this is something that will really be that give out at least having that
chance that you could really be able to improve  yourself way more better at the time comes that you do find yourself that sustainable then this is where you would considering on stopping.

Trading is never been that a solution on the moment that you dont have a job or making it as a ousrce of income. It is something that will really be that in line
with someones sustainability at the moment that you do find yourself into this kind of situation.

Trading can give you profit but after getting experience in the crypto industry so if someone is new and has not experienced trading in crypto before and is assuming that he will work as an employee in trading and will earn income on a monthly basis then he has created the wrong concept.

If someone is jobless then trading cannot be a source of an income for him because in trading you will not only earn but there is a maximum chance of loss if you don't have knowledge so after a loss how you will recover that amount and from where you will bring your amount to continue trading.



 

 

 

 

 

 


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June 11, 2024, 06:46:22 PM
 #174

I've always maintained that trading is a skill. Like every other skill you learn it and practice it then get better at it with experience and more learning. That skill, like every other skill, can be your job if you want it to and you can make money from it. Whatever you're making money from, as long as it's legal, is your job. It must not have a boss or company or building or headquarters or whatever to be called a job.

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

This is valid advice too, especially for a beginner. The money you use for trading has to come from somewhere. That's why you need a source of income to be able to succeed as a trader. When you become a pro trader and experienced enough to earn money that can pay your bills and take care of yourself then you can focus on trading as your primary source of income, but until then, I believe you should have another source of income.

R


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Hamphser
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June 11, 2024, 07:37:51 PM
 #175

One of the most or be the main consideration at the moment that you would really be stopping or resigning from your work is to make yourself that sustainable on your trading career.
If you do find yourself not be able to acquire or achieve such condition then ebtter think not to have those kind of hopes because its never been that so simply on acquiring up such skills that make you sustainable.
This is why as much as possible on where you wont really be quitting up your job at the same time you do make out those side trades on which this is something that will really be that give out at least having that
chance that you could really be able to improve  yourself way more better at the time comes that you do find yourself that sustainable then this is where you would considering on stopping.

Trading is never been that a solution on the moment that you dont have a job or making it as a ousrce of income. It is something that will really be that in line
with someones sustainability at the moment that you do find yourself into this kind of situation.

Trading can give you profit but after getting experience in the crypto industry so if someone is new and has not experienced trading in crypto before and is assuming that he will work as an employee in trading and will earn income on a monthly basis then he has created the wrong concept.

If someone is jobless then trading cannot be a source of an income for him because in trading you will not only earn but there is a maximum chance of loss if you don't have knowledge so after a loss how you will recover that amount and from where you will bring your amount to continue trading.
One of the most common newbie mistake on which at the time that they've seen online about those huge profits that someone had been able to make with trading, then they would really be trying out to reflect into themselves that it was really just that easy for them to be able to make money but on the moment that they had made out such dealing or such try then they would really be slapped by the reality.

Just like on what been said above by milewilda that trading is never been a solution or in replacement with job not unless if you are making constant profits then it would be good,but if not?
Then it would really be better that you should be making up some consideration to be that as a side income or extra.

Dont tend to go full time and quit up your daily job at the moment that you do make some profits with just few trades. You would be needing
tons of considerations before making up such action or consideration.

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June 11, 2024, 11:53:09 PM
 #176

It depends, and this is how I’ll define it. Traders are not unemployed if and only if they are making good profits from it. But if they aren’t, then they are unemployed haha! It’s not so deep but it’s quite a reasonable way to think of it. Trading is a skill, if you’re sure you can replicate you wins over and over again, then that’s a job in my opinion. As long as it gives you money.
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June 12, 2024, 10:28:17 AM
 #177

It depends, and this is how I’ll define it. Traders are not unemployed if and only if they are making good profits from it. But if they aren’t, then they are unemployed haha! It’s not so deep but it’s quite a reasonable way to think of it. Trading is a skill, if you’re sure you can replicate you wins over and over again, then that’s a job in my opinion. As long as it gives you money.
Yes you're right. It doesn't mean that people are unemployed when they trade, they suddenly don't become unemployed. However, trading can be said to be a job when it provides quite a lot of profit for its users. There are many people out there who are still trying to build a career through trading, but end up going bankrupt due to lack of funds.

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June 12, 2024, 12:02:24 PM
 #178

One of the most common newbie mistake on which at the time that they've seen online about those huge profits that someone had been able to make with trading, then they would really be trying out to reflect into themselves that it was really just that easy for them to be able to make money but on the moment that they had made out such dealing or such try then they would really be slapped by the reality.

Just like on what been said above by milewilda that trading is never been a solution or in replacement with job not unless if you are making constant profits then it would be good,but if not?
Then it would really be better that you should be making up some consideration to be that as a side income or extra.

Dont tend to go full time and quit up your daily job at the moment that you do make some profits with just few trades. You would be needing
tons of considerations before making up such action or consideration.

Trading needs a tough time therefore if you are assuming that you will earn through trading without giving your time to it then you will never be successful via trading. Trading can be considered as a part time job to minimise the money that you are already earning from another job but if you assume trading as a full time job then you will not be able to earn from any job.

If you have knowledge and want to increase your income then giving some time to trading is not a bad idea but I think trading is not a suitable option for those who have no idea about trading.



 

 

 

 

 

 


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June 12, 2024, 01:39:43 PM
 #179

I don't think trading is a job. Because for me real job is where you can make money daily from your hard work and effort. But trading is different, there's no guarantee that you can always make money, and you must always used capital for every trade and aside from that there's a risk of losing it. So for me, it's better to say trading is a business because it always has a risk same with trading. Despite of that, if the trader is not profitable and keep losing funds because they trade out of nowhere from the chart then it's called gambling, not a business.
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June 13, 2024, 05:13:29 PM
 #180

Trading needs a tough time therefore if you are assuming that you will earn through trading without giving your time to it then you will never be successful via trading. Trading can be considered as a part time job to minimise the money that you are already earning from another job but if you assume trading as a full time job then you will not be able to earn from any job.

If you have knowledge and want to increase your income then giving some time to trading is not a bad idea but I think trading is not a suitable option for those who have no idea about trading.
Taking the time to learn about trading will of course give us good results in the trades that we will carry out and the many processes that we have to go through in trading will certainly take a long time to be able to master trading well in order to get good results. making a profit from the trading you do, it is true that being able to make a profit from trading is certainly not an easy thing and it would be better to make trading a source of additional income apart from the fixed income we get from real work.
Those who do not have knowledge about trading will certainly be very detrimental to themselves if they force themselves to try to trade, of course there will be a lot of losses from the trades they make.
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