TREAT TRADING AS A BUSINESS AND NOT A HOBBY
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Taking something seriously requires a lot of effort and dedication in the process. People doing business are the most focused and hard-working of them all, although people working 9 to 5 jobs are equally hard-working.
For traders, their one trade can make their money which the normal working jobs cannot make in a year.
The government also considers trading as a business and not as a job, the taxation pattern for trading is different than a simple job because trading is generally is done on a professional level.
They can make a pretty substantial amount of money if they have the right mindset and strategy but for working classes whatever they do they cannot make more than their salary, on the contrary, them working hard makes money for their company.
A hobby is something which we do in our free time but trading is something which has a particular time frame in which the most activity occurs and the traders usually trade in those time frames so that they can turn out a lot of profit in the process.
There are many situations in which the business person never wants to take a loss at any cost but unexpected events do happen and it can happen to anybody any time without any warning so in the business of trading you have to be ready in order to meet the unexpected. The one who can handle the unexpected event successfully will be rewarded accordingly.
Some businesses are done by some families for generations but trading is such a business which has come to fashion in the previous few decades but nowadays it has become very evident with the dawn of the internet, anyone with a device and an internet connection can do trading without any restrictions. Anyone without any proper or prior knowledge of investing and trading can start trading from any moment.
Unlike other businesses you don’t need to resign from your 9 to 5 job because you can do trading while being in your office. When you finally become aware of the techniques then you can successfully resign and become a trader. Mind you test your technique hundred times before resigning somewhere because if you lean yourself into a business then going back to a job wouldn’t be possible psychologically because the opportunities and the possibilities are more in business so look into every aspect before making a decisive move.
As the age of a person increases and as he becomes more financially aware of the things and basic workings of the money, they become more interested in business the passing day because of the opportunities.
The sad truth is that very few businesses actually survive half a decade. So keep grinding in order to have financial freedom to see the whole world physically not mentally.
Join my telegram channel to know more about trading in-general and to get profitable trading calls every working day: https://t.me/TRDing11