Should you quit your job to trade?

[pusaka]

You have said it all bro, once you depends only on trading to make a living, the chances is that you are going to open many trading positions you shouldn't have opened if you have any other source of livelihood, and just because you need money for one or two of your basic needs, you will definitely ignore all the signs why you shouldn't enter that trade. So it makes you to trade under pressure, which is one of the easiest way to lose money in trading, so  it's a bad idea to depend only on trading as a source of income.

Why will anybody even take trading as a source of income or let me say as the only source of income isn't that crazy, people should look for what to do instead trying deceive themselves, make I can learn from you, are there people that take trading as a full time stuff because I don't understand.
I'm not against anyone looking for different ways to make money, but what I don't advice is someone concentrating on trading alone when they also know the nature of trading, if anyone should do this, it means such person will do everything to make profit and the end might very disappointing.

Making trading the sole source of income is a huge risk. Because in trading we are not sure whether we will get a profit or not, and when we have to feel a loss, then we will definitely be dizzy because there is no income, and our capital will definitely be reduced. Well there is a big risk we will face, because it is not impossible that we will become emotional.
 
I always recommend having a steady income every month. Because that way at least we don't bother to cover our daily needs.
 
The problem is when people assume that trading is easy and they can consistently profit from trading. A professional may be able to do that, but for beginners and even for old-timers it remains a difficult thing.

[Judith87403]

In all honesty, I would not advise someone to quit a stable job just to focus fully on trading. Some people can study trading for years, sacrifice their time and still not end up profitable consistently. Trading looks easy online because many people only show their wins, but they hardly show the heavy losses and stress behind it. I think it is better to have a stable source of income first, then trade with extra money and learn gradually instead of depending on trading alone to survive. I am practically at that stage right now in my life.

Quitting your job for trading is not a wise thing to do or for it to be a good thing to tell one to do, as it might not turn out to be what you might be expecting and all the blames will be on you, and this will cause you regrets and hurts you a lot too. At times, trading is not what one may be anticipating it to be, because of how unstable the market might be, making one unable to tell what will happen next and instead of entirely focusing on trading, they can be taking it bit by bit and that means they won't be in a hurry to start profitting from it rather they will study and research about it until they get to understand how everything works and how to apply those knowledge rightly.

[goldkingcoiner]

No, not at all.
Sharing my own experience, I was working in a well paid job and the salary was enough to meet my needs. Also, I was saving extra money every month. During this job I used to watch various videos on youtube about trading and a lot of greed developed inside me.
Unfortunately, I gave up my job and started watching those trading videos regularly. I especially watch interviews with successful traders who are earning millions of taka per month from trading. I started trading mainly because of these false hopes and to be honest I lost a lot of money. But I learned a lot from my mistakes that will help me do better in crypto in the future.


Have you had any such experiences in your life?

I think a job is a job and a side hustle is a side hustle.

Trading is not a job and should not be seen as a primary income source. A job is far safer. But if you have many side hustles, then I guess perhaps you can call them collectively, a job. Since the risk is distributed, so even if a single income source from one of these side "jobs" fails, you still have the others to fall back on. But trading alone? That is far too risky. There is no telling whether it will make you a profit this month (or even year) or not.