For a lot of us trading is a hobby. We trade in our spare time and have it as additional source of income. In the meantime, there are actual traders who managed to make trading their only source of income meaning they went full pros and are now able to trade for a living.
But is it such a good plan? Is it better to be a pro or to have trading as a hobby? This is the question that we are going to answer over the next few days.
Today we are searching for an answer whether it is better to be a pro and have trading as your job rather than your hobby?
PROS:
1. You get to work from home.
2. You decide what you are going to do.
3. You develop while you work.
4. You obviously do what you like.
5. You have a flexible schedule.
1. You get to work from home.
If you are in individual trader who is only trading for their own profit, then chances are that you are going to work from home and not have to go into office every day. Isn’t that nice?
2. You decide what you are going to do.
You basically have your own business where you are the only employee. That means that you can decide what to do and when, what time to start and to finish and what to focus on. You are not dependent on anyone.
3. You develop while you work.
Most of the workplaces do not exactly stimulate development. You come in, you learn everything there is to learn about your job and you just do it. But in trading you are encouraged to learn more as the more you know, the more you are going to earn – that is the truth. Plus, you are the one encouraging yourself and self-motivation is the best kind as we all know it.
4. You obviously do what you like.
Not all of us are so lucky to do what we like for a job. But the problem is that in most cases our job is not really our choice – we are working for money or for career purposes, not for our calling. But if you go in trading willingly, that means that you obviously like it and that you finally get to do the one thing that you love so much. And that is real happiness.
5. You have a flexible schedule.
Having your own office in your house and doing whatever you like is so good. And the best part is that you decide when you want to work and when you do not want to work. You can come and go as you please – there is no supervision. Total freedom of action and choices. Just you and your calling.
But unfortunately it is not all butterflies and rainbows - tomorrow we are going to have to look at cons! That will be educational!
