Post
Topic
Board Trading Discussion
Re: Day trading is perfect work for jobless peoples
by
coinerer
on 07/08/2023, 05:58:10 UTC
Many are choosing trading as a profession but since there is no guarantee of regular profit here one must have a source of passive income besides trading. But a jobless person can do day trading to meet his daily expenses but he must also find another source of passive income. he should never depend on trading alone. Day trading or long term holding should be everyone's side income. this is my personal advice. Because crypto trading and holding can suddenly change a person's life but it is not seen regularly
I like your valuable opinion. It would be good if we have extra income for trading. We can't trade with the thought of always making a profit, so it would be good if we have the benefit of extra income along with the trade.  So that with the barti income money one should keep the source of income to run his family and himself. And if someone tries to run his family and himself on top of the entire trade then he will never do well. Yes I have seen investing.  The fortunes of many have changed but I don't know if it is right to expect that the fortunes of all will change.
Trading is very risky, and on top of that, it's such that needs one to detach themselves from the desperate expectations of gains coming from it. Else, the trader will be emotional and you know what the result of that would be. Although the scope of the OP from the beginning is to establish the point that day trading needs more time and that time could be only created by the jobless people which I so much agree with.
Only that there is more to the joblessness in trading. If someone is gainfully employed and still knows how to trade, it's a better arrangement as you might trade less emotion. But that's not the same with someone that fully depends on trading to survive.
That’s why i am talking about this. trading is risky thing then how can a jobless person afford this risk where he/she is definitely weak financially. so in this situation when that jobless person will loss in trading then he will very emotional and at this point he have  to take loan to meet his Daily expenses. so a jobless person always need to a deep think before start day trading. long term holding is less risky then day trading but it require long patient