Do not quit your job if you have one until you have become very profitable in bitcoin trading.
Well, I'd say, don't quit job at all. It's just a cloud bubble where you can loose everything within an hour
Topic: Before Trading Bitcoin you should... (Read 1302 times)
Do not quit your job if you have one until you have become very profitable in bitcoin trading.
Well, I'd say, don't quit job at all. It's just a cloud bubble where you can loose everything within an hour
This is very important in trading. As a novice trader, even if you want to trade in Bitcoin, you must acquire detailed knowledge about the subject. Because trading is not an easy matter. In this case you may lose money instead of making profit. Now if you are interested in Bitcoin trading only based on some sources and start trading then you might have a bad experience with it due to your ignorance and you will be afraid to go further with this bitter experience. So my suggestion is that if you plan to trade full time in future then you can do this part time in the beginning and you will do other work full time at the same time And in this case, saving your own money is a very important thing. Because if you're going to do it with a loan from your own assets like your own house or somewhere else, it's going to be a little more difficult to get out if you get hurt by it And in trading you must focus mostly on time and situation.
This has been a repetitive topic already but I still find it interesting to discuss. While trading can make our lives instantly change for the better, but we all know that it does not work as easy as that. Trading requires a lot of trading preparation before you expect to succeed, and a lot of emotional distress and pressures before you can manage your emotions well. Although trading is highly risky, but it’s always worth the experience in the end.
of course, trading can change our lives for good, but we have to motivate our emotion, get rid of anxious and anxiety, sometimes lose and gain are unpredictable, traders have to be patient and never give up easily, trading doesn't disappoint people, but it only work the way it is, there is nothing you can do to prevent yourself from losing it is impossible and impossibilities can never be possible, once you've lost you can never retrieve the money again, and you can not retaliate in trading or you may end up losing more.
Before you decide to trade bitcoin, know that you’ll lose a lot first before you’ll be able to succeed. Trading is never easy but majority still find it hard and risky so it’s not surprising to see a lot of traders losing than gaining profits. That’s why get a decent job first before you decide to enter trading as you can never guarantee making big money out from trading. And also, never trade using your hard-earned money, otherwise you’ll end up losing them all and regret in the end, knowing you’re still not good in managing your emotions that makes the best enemy in trading.
if you are planning to trade, you have to be prepared and be ready trade, be ready to gain and also be ready to lose, engaging in trading doesn't mean that you will be making a huge amount of profits, some people will have interest in trading but it doesn't suit them, and when they realize that they are not meant to be a trader they back off and focus on other things that will be profitable to them, when some lose in trading they become anxious, trading has a lot of difficulties and challenges but some people didn't give up still because they have a lot of responsibilities on their head.
Simply put, anyone who already has a job that can provide a stable income in their life should not leave that job when they can trade using any method at this time. Because of this stable income, everyone can develop other jobs with various models, including trying trading after studying it for some time so that they can have the courage to continue trying with just the capital they have or with the capital obtained through a stable income. That is why existing income from any main job should not be thrown away because everyone can set aside some of it for trading capital.
Having a steady income will certainly make it easier for us to develop whatever business we want and I really agree with you, it would be better for us not to leave a job that can give us a steady income because what we get from trading cannot be guaranteed to continue to be profitable. and occasionally we may make mistakes that cause us to lose on the trades we make and with this steady income, of course this will really help us in meeting our needs when we fail in the trades we make.I agree that steady income would be superb, because it allows us to have better investment and we would not be in a rush and we can wait for it to go up so much more. If you have steady income, you could just keep on investing more and more, eventually that will grow to a wealth for you.
Simply put, anyone who already has a job that can provide a stable income in their life should not leave that job when they can trade using any method at this time. Because of this stable income, everyone can develop other jobs with various models, including trying trading after studying it for some time so that they can have the courage to continue trying with just the capital they have or with the capital obtained through a stable income. That is why existing income from any main job should not be thrown away because everyone can set aside some of it for trading capital.
Having a steady income will certainly make it easier for us to develop whatever business we want and I really agree with you, it would be better for us not to leave a job that can give us a steady income because what we get from trading cannot be guaranteed to continue to be profitable. and occasionally we may make mistakes that cause us to lose on the trades we make and with this steady income, of course this will really help us in meeting our needs when we fail in the trades we make. 
If someone has very large capital, of course he knows the impact of the investment itself, where he will choose, of course he will choose the long term rather than the short term. Of course he already understands the risks he is taking and can take responsibility himself. It's a shame that your friend actually quit his job. This job can indeed make quite a lot of money if we have the ability to predict or analyze it. However, it takes time or quite a long process to achieve all of that, we cannot or just in an instant or overnight we can achieve all of that.
It is not surprising that someone quits his job and goes into business. Many people who are working professionals know that if we continue to work all our lives, we will not be able to make a good future for ourselves and we will only be hand to mouth and will never become rich. Many people save a little and quit their jobs and start their own businesses be it online or offline and many people have done so. They are successful but only those who have already thought about what to do after leaving the job and how to achieve success.When you leave a good job, you have no other option but to be successful, for which you have already thought of the best course of action that you must adopt. Trading cryptocurrency from a job can be very risky especially if a person is new to cryptocurrency and doesn't know well about coins and market movement it takes years.
It's true, while we are learning to trade, our main job is the current job, even if you have big profits and feel that it is easy for you to trade, still use trading as additional income, remembering that we will of course also experience difficult times in trading, and whether we be ready for all of that, especially if we are still beginners in doing it, of course this can damage our psychological stability. Moreover, with various trading methods, it can be done by placing pending orders and targets
Simply put, anyone who already has a job that can provide a stable income in their life should not leave that job when they can trade using any method at this time. Because of this stable income, everyone can develop other jobs with various models, including trying trading after studying it for some time so that they can have the courage to continue trying with just the capital they have or with the capital obtained through a stable income. That is why existing income from any main job should not be thrown away because everyone can set aside some of it for trading capital. Trading crypto has always a risk and even if we are expert in trading there are still time that we will lose because of some reasons, it is because it is normal to human that even if there are earnings they still want more or big that is why they end up losing they feel that the earning or profit is still not enough they wait for big profit that sadly didn't come until all funds are lost including the capital, that is why in trading or investing we need to set a limit for us to earn and control the greed.
Even though they have good skills and experience in trading, they will certainly make mistakes when trading which makes them lose in trading and indeed this is very normal either because of their greed or because of their mistakes in analyzing the market which results in losses in the trading they do, so it would be better, even though they already have a lot of experience or skills in trading, it would be better if they could still update their knowledge about trading so that they can still trade and make a profit, setting limits is easy to do, but if they don't carry out well the target will be of course they still fail and we must continue to practice all of this so that we can get results according to the targets we have set. 
A lot of mistakes people make a lot is going into bitcoin trading without any steady source of income. While it is true that bitcoin trading can change your life for good, you should also know know that it could also wreck you. First get enough knowledge, make sure you are working as this will help you fund your trading accounts. Only trade what you can afford to lose.
Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.
Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
Trading crypto has always a risk and even if we are expert in trading there are still time that we will lose because of some reasons, it is because it is normal to human that even if there are earnings they still want more or big that is why they end up losing they feel that the earning or profit is still not enough they wait for big profit that sadly didn't come until all funds are lost including the capital, that is why in trading or investing we need to set a limit for us to earn and control the greed. Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.
Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
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Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
If you're already having huge capital for investment, maybe you can have that mindset losing what you can afford. Same with the friend of mine who quit his job, unfortunately the money he saved didn't prosper and eventually got burned in trading. Without proper knowledge on cryptocurrency trading, everything turned down and got vanished when trading without any concrete foundation of skills.
Without strong determination, in-depth knowledge and good emotional control, it will be difficult for a trader to make a profit from his trading activities. I'm not a professional trader, but the losses I receive every time I trade are quite small because I always sell when the asset I'm trading goes up 10% or 15% (usually altcoins), when it goes up more than that then I'll buy bitcoin. for my long term investment. Nowadays we have to be able to group the assets we want to manage and always prepare assets for long-term investment (not just for trading) and For those who are not yet ready to do trading, don't try to leave your job now.
...
Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
If you're already having huge capital for investment, maybe you can have that mindset losing what you can afford. Same with the friend of mine who quit his job, unfortunately the money he saved didn't prosper and eventually got burned in trading. Without proper knowledge on cryptocurrency trading, everything turned down and got vanished when trading without any concrete foundation of skills.
Without strong determination, in-depth knowledge and good emotional control, it will be difficult for a trader to make a profit from his trading activities. I'm not a professional trader, but the losses I receive every time I trade are quite small because I always sell when the asset I'm trading goes up 10% or 15% (usually altcoins), when it goes up more than that then I'll buy bitcoin. for my long term investment. Nowadays we have to be able to group the assets we want to manage and always prepare assets for long-term investment (not just for trading) and For those who are not yet ready to do trading, don't try to leave your job now.
A lot of mistakes people make a lot is going into bitcoin trading without any steady source of income. While it is true that bitcoin trading can change your life for good, you should also know know that it could also wreck you. First get enough knowledge, make sure you are working as this will help you fund your trading accounts. Only trade what you can afford to lose.
Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.
Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
I think having a steady source of income is definitely great, especially if you're investing, so I won't rebuke that, but the thing is, I think the more appropriate thing that people should always take into consideration when investing in crypto, or bitcoin for that matter, is making sure that you are not investing money beyond your means. I've seen friends of mine literally have no other way of getting money but from allowances, still able to invest and grow their profits all because they employ risk management and are more than happy to consistently put a stake at bitcoin and crypto. In my opinion that's really all the things that you need if you want to succeed in here, cause steady income's great and all but just having that alone without proper mindset and discipline's not gonna bring you profits. Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.
Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
A lot of mistakes people make a lot is going into bitcoin trading without any steady source of income. While it is true that bitcoin trading can change your life for good, you should also know know that it could also wreck you. First get enough knowledge, make sure you are working as this will help you fund your trading accounts. Only trade what you can afford to lose.
Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.
Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
I think having a steady source of income is definitely great, especially if you're investing, so I won't rebuke that, but the thing is, I think the more appropriate thing that people should always take into consideration when investing in crypto, or bitcoin for that matter, is making sure that you are not investing money beyond your means. I've seen friends of mine literally have no other way of getting money but from allowances, still able to invest and grow their profits all because they employ risk management and are more than happy to consistently put a stake at bitcoin and crypto. In my opinion that's really all the things that you need if you want to succeed in here, cause steady income's great and all but just having that alone without proper mindset and discipline's not gonna bring you profits. Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.
Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
Do not forget that you should always risk what you can afford to lose.
It it always important to know the following before venturing into trading,or having any thought about trading.
1-It is always important to know that trading is a very risky thing,but that doesn't mean you should shy away from it.
2- it is always important to research more about the project you wish to invest in, especially when you have zero knowledge about it.
3-It is always important to have a specific strategy that works for you,or you visit people who have experience in the field to learn more strategies that can help you get a better results.
4-It is always important to start with a little amount of money,so that if you lose,it won't be heartbreaking for you.
1-It is always important to know that trading is a very risky thing,but that doesn't mean you should shy away from it.
2- it is always important to research more about the project you wish to invest in, especially when you have zero knowledge about it.
3-It is always important to have a specific strategy that works for you,or you visit people who have experience in the field to learn more strategies that can help you get a better results.
4-It is always important to start with a little amount of money,so that if you lose,it won't be heartbreaking for you.
Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.
It is not recommended to trade with excessive emotions because it will affect our performance in trading.
Using all your savings for trading is a bad choice and should not be done because savings have another portion to meet living needs.
Trading can be done responsibly by using a smaller budget to start with.
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Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.
The decision chosen must be based on the right thinking and leaving work to trade in crypto will be very dangerous when we do not have good budget resources.Improve your trading skills and do it responsibly so that when you decide to stop working you have the right knowledge for trading.
Life will be much more problematic when we are unable to earn money stably and we will be faced with the problem of fulfilling life with our family.
If you're already having huge capital for investment, maybe you can have that mindset losing what you can afford. Same with the friend of mine who quit his job, unfortunately the money he saved didn't prosper and eventually got burned in trading. Without proper knowledge on cryptocurrency trading, everything turned down and got vanished when trading without any concrete foundation of skills.
If someone has very large capital, of course he knows the impact of the investment itself, where he will choose, of course he will choose the long term rather than the short term. Of course he already understands the risks he is taking and can take responsibility himself. It's a shame that your friend actually quit his job. This job can indeed make quite a lot of money if we have the ability to predict or analyze it. However, it takes time or quite a long process to achieve all of that, we cannot or just in an instant or overnight we can achieve all of that.If someone chooses to quit their job to invest or trade, of course this will be very risky for them if they experience failure in what they are doing, so it would be better for us to understand this first before deciding to quit our job and choose to be more focused. in investing or trading so that when investing and trading you can get profitable results and I agree with you, the process of being able to make a profit from investing and also trading certainly requires a process so that we can do it well and can make a profit.
Trading ought to be a passive activity which supports your main job. Trading without another source of income will put pressure on the trader to make wrong decisions.
True and this is very reasonable if we want to understand correctly what exactly is the main purpose of our trading compared to the main job, of course we need additional funds from the results of our main work if at any time needed, because it is not impossible that we sometimes forget to set SL and the price of the coin we trade continues to degrade. This condition comes if we are excited about trading in the coin, especially when we see the opportunity for the lowest price to automatically use the fresh funds.
Setting stop loss is crucial when trading, that’s an effective way so we can manage our losses or prevent ourselves from losing a lot. There’s no reason we should forget about it, regardless if you are a beginner in trading.
I think most of the wealthy people have huge sums of money are more interested in trading instead of investment and those who have a limited amount of money are interested in investment as they think that if they keep their money in beneficial assets then after some years they will be able to make their economy better.
Not all of them are like that, mate, because there are also rich people who invest and trade at the same time, even though the investment they make is for the long term and the trading they do is for the short term. I also don't blame you for what you said because there are people like that in this world, but this doesn't happen to everyone so we shouldn't judge everyone equally. Because people who don't have a lot of money also dare to trade as long as they have the knowledge and mental strength to do it.Quote
Those who leave their job for investment or trading are the foolish person and they will realise about their mistakes if they continuously lose money through trading and will then be feeling sorrow to leave their job.
Don't immediately call other people stupid because they left their jobs, maybe they themselves think it's time to stop being slaves to other people with a small salary so that those who make such decisions are also based on more mature considerations. Even though they will also understand that in terms of trading they will not always be profitable, but as long as they have the courage and mental strength to continue doing this, I think they will also get profits that can even cover the losses they have experienced before. 
If someone has very large capital, of course he knows the impact of the investment itself, where he will choose, of course he will choose the long term rather than the short term. Of course he already understands the risks he is taking and can take responsibility himself. It's a shame that your friend actually quit his job. This job can indeed make quite a lot of money if we have the ability to predict or analyze it. However, it takes time or quite a long process to achieve all of that, we cannot or just in an instant or overnight we can achieve all of that.
I think most of the wealthy people have huge sums of money are more interested in trading instead of investment and those who have a limited amount of money are interested in investment as they think that if they keep their money in beneficial assets then after some years they will be able to make their economy better.
Those who leave their job for investment or trading are the foolish person and they will realise about their mistakes if they continuously lose money through trading and will then be feeling sorrow to leave their job.
If you're already having huge capital for investment, maybe you can have that mindset losing what you can afford. Same with the friend of mine who quit his job, unfortunately the money he saved didn't prosper and eventually got burned in trading. Without proper knowledge on cryptocurrency trading, everything turned down and got vanished when trading without any concrete foundation of skills.
If someone has very large capital, of course he knows the impact of the investment itself, where he will choose, of course he will choose the long term rather than the short term. Of course he already understands the risks he is taking and can take responsibility himself. It's a shame that your friend actually quit his job. This job can indeed make quite a lot of money if we have the ability to predict or analyze it. However, it takes time or quite a long process to achieve all of that, we cannot or just in an instant or overnight we can achieve all of that. Jump to: