what would you do when you can no longer trade?

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what would you do when you can no longer trade?

Some people (traders) took trading as their only source of income, although they make profit frequently from trading but they are not investing into other asset, rather they are only spending the money on their present needs and maybe the profit some of those kinds of traders are making is not enough to let them invest into other assets that can give them a passive income.

My concern is that, during old age or dou to some certain health issues during old age, most traders might not be strong enough to look at the monitor any longer and be able to analyze that market and make predictions for their trades. At such situation, what source of income would the person depend on? Non! They wouldn’t have any source of income to relay on and that’s because they only took trading as the only source or income during their youthful age and they didn’t invest on other source of passive income.

I know that there are some successful traders who are making a lot of profit from trading and the huge profit they made have allowed them to invest into other asset and has helped them have more than two source of income. So, this post/thread is not for such traders.

This topic is directly concerned to those traders that have intention of making trading their only source of income or trying to make trading their life time job. My suggestion is for you not to only relay on trading. Invest in other passive source of income and also in good assets so that when you can no longer be able to analyze the market, you can survive on your other investment.

Danusushka de zoyza Answered question October 16, 2024
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Trading is never a do or die. Don’t rush into trading just because it’s what successful people are doing. Know your capabilities if you can be a potential trader or not. Instead, find good alternatives that you can still make substantial profits like investing or developing your own skill and make it as your source of income. That way, losses are manageable. You will only lose if you don’t know what you are doing.

Joan Husk Answered question October 16, 2024
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