Do you quit your office work when you start Making profits from trading?

tabas

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Well it's nothing much about the subject matter, which I would have to also hear from your parts to know.
Do you quit your office work when you starts making profits from your trading.

I want to know, the reason why I am putting this up here is because as we already aware that trading doesn't guaranteed a regular profits, or we can't be sure of how much would make either every week or months. Does it mean we should stop our office because a trade gives us x amounts today and we think we would still have that chance tomorrow?

Your inputs is needed.

Do this instead. Keep on working and trade isn't time extensive, you can always set the buy and sell limit which is automatically going to hit base on your trading plans and the coins that you're buying. I've thought about this before and I've realized that profits in trading isn't really guaranteed so I'd go being an investor which is effortless and do the other things that I can like the continuous working in my traditional job. To those that have plans in quitting your day jobs, it's okay but make sure that you have capital and savings to sustain your living. If not, you can continue to work and trading part time. Use your salary for your bills, use the trading profits for building up your dreams. Wink

Japinat

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Quote from: nelson4lov on December 22, 2024, 05:59:57 PM

Short answer: you don't.

Hear me out.

There is no guarantee of profits in trading and it is more of an emotional game, you'd still need your job even though you're profitable for the first few months. The job would keep the mind in a sane state because if you don't have the job anymore there is usually an undue pressure to make profit which can even prompt one to take trades they don't normally take.

The plan is keep job => become profitable for a free months => can safely quit now that you've gotten a hang of your craft.

Any attempt to quit early will just result in more pains.

Keep your job and keep pushing and learning from your trading experiences. You may be profitable at the moment, but losing will be quite inevitable the next days and months, so you have to stay cautious when trading. And while having a job gives you fixed amount of income, but in trading, sometimes you lose, sometimes you gain. So consider trading just a side hustle, while your job is the main source of income. That way, you can't be wrong in your life's decisions.

BITCOIN4X

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If I feel that the profits I get from trading have accumulated enough to start a business, then I am not afraid to leave an office that previously did not pay me enough. The problem is, trading never guarantees profits, even though a real job can at least give me a steady salary. It doesn't matter how big the business you develop, as long as we own it then we are the boss.

Working under pressure without being supported by a sufficient salary is not suitable to be maintained forever. It's true that finding a job is difficult, but if there are other places that are more profitable (personal business) then I think that could really be a solution. But no matter what, there are always risks that need to be considered in whatever decisions we make.

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

...Your inputs is needed.

There are 2 options here, one of which is that you are very lucky in trading by buying a token that has increased in value hundreds of thousands of times, or the work in the office is going too badly and even with a small profit you decide to leave it. I think that the best option would be to continue working in an office if it allows you to combine it with trading.

Awaklara

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Well it's nothing much about the subject matter, which I would have to also hear from your parts to know.
Do you quit your office work when you starts making profits from your trading.

I want to know, the reason why I am putting this up here is because as we already aware that trading doesn't guaranteed a regular profits, or we can't be sure of how much would make either every week or months. Does it mean we should stop our office because a trade gives us x amounts today and we think we would still have that chance tomorrow?

Your inputs is needed.

I wouldn't think of quitting my job for the results of trading. Moreover, trading can still be done even though we are busy with work. I mean there is still time to trade even though it is on the weekend or when we finish work. I think we can still benefit from doing all of them without leaving one.
as you said, the benefits of trading will not always be right. maybe we get a lot now, but we will not know what we can earn tomorrow. especially making trading like a daily activity may create its own pressure for traders. except for those who are focused on trading every day.

Issa56

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Well it's nothing much about the subject matter, which I would have to also hear from your parts to know.
Do you quit your office work when you starts making profits from your trading.

I want to know, the reason why I am putting this up here is because as we already aware that trading doesn't guaranteed a regular profits, or we can't be sure of how much would make either every week or months. Does it mean we should stop our office because a trade gives us x amounts today and we think we would still have that chance tomorrow?

Your inputs is needed.

Why do you even have to leave your job just because you're trading, and you're making money from trading? It doesn’t make sense to me, I don’t think trading will stop you from doing other activities. I know someone that left his job just because of trading during the last bull run, but he ended up regretting it.

During the bull run, he was making money and was thinking the work that he was doing was just stressing him, and the amount paid doesn’t really worth it, so he decided to stop, and he was enjoying his money, but when the bear market started, he was no longer making money, rather, he was losing, and he lost most of the money he was trading with, and he ended up regretting why he left his work, he doesn’t have a choice but to start looking for another job. During the bull run, most people are always making money, but when the bear market starts, only professional traders are always making money.

Dzwaafu11

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Well it's nothing much about the subject matter, which I would have to also hear from your parts to know.
Do you quit your office work when you starts making profits from your trading.

I cannot quit my office job because I have started making a profit from trading. I think this should be based on how much I earn as profit from trading, and I will be very sure before I quit my job. I have other things to do, like business I established using the profit generated from trading, so that after quitting my job, I will not rely on only trading; also, I will make sure I’m a professional trader, and I will make sure I trade for a long time, and I will make a lot of money before I think of quitting my job.

Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

I want to know, the reason why I am putting this up here is because as we already aware that trading doesn't guaranteed a regular profits, or we can't be sure of how much would make either every week or months. Does it mean we should stop our office because a trade gives us x amounts today and we think we would still have that chance tomorrow?

Since you know that trading doesn’t guarantee a regular profit, this should be another reason why you shouldn’t think of quitting your job that gives money every time since trading cannot do that for you, so it is not really advisable to quit your job and face trading, but there is a certain stage where your trading skills and the kind of profit you have made from trading will make you consider quitting and facing the trading. However, trading can give you a huge amount today, and tomorrow you will lose something more than that. Be aware of that also.

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Well it's nothing much about the subject matter, which I would have to also hear from your parts to know.
Do you quit your office work when you starts making profits from your trading.

I want to know, the reason why I am putting this up here is because as we already aware that trading doesn't guaranteed a regular profits, or we can't be sure of how much would make either every week or months. Does it mean we should stop our office because a trade gives us x amounts today and we think we would still have that chance tomorrow?

Your inputs is needed.

You can never make regular profit by trading, you can lose the amount you get by profiting several times and then losing once. So trading profit should never take away from your regular source of income, it would not be a logical thing to do. You don't have to go to any particular place to do trading so I can do trading whenever I get a chance but it's not always possible to get a good job. So first of all there should be more focus on regular passive income. If you greedily leave your job and consider trading as a source of regular income, this attitude will put you in a lot of danger at some point.

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Well it's nothing much about the subject matter, which I would have to also hear from your parts to know.
Do you quit your office work when you starts making profits from your trading.

I want to know, the reason why I am putting this up here is because as we already aware that trading doesn't guaranteed a regular profits, or we can't be sure of how much would make either every week or months. Does it mean we should stop our office because a trade gives us x amounts today and we think we would still have that chance tomorrow?

Your inputs is needed.

Quit my job to focus on trading? No. I don't know if being a full time trader without any other side hustles works for some people, but the few professional traders I've seen have other sources of income they earn from. Some are into tech related fields, some are trading mentors and many have other investments they earn from when trading isn't profitable to them.

For someone who already has a job, quitting his job because he has started making money from trading is not a good idea. If he must quit his job, he must put plans in place to enable him not go broke during his bad days. Most decisions require wisdom and not getting carried away with the excitements of the moment.

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Well it's nothing much about the subject matter, which I would have to also hear from your parts to know.
Do you quit your office work when you starts making profits from your trading.

I want to know, the reason why I am putting this up here is because as we already aware that trading doesn't guaranteed a regular profits, or we can't be sure of how much would make either every week or months. Does it mean we should stop our office because a trade gives us x amounts today and we think we would still have that chance tomorrow?

Your inputs is needed.

A quote that perfectly suits this situation, I think, is, "Buy a car worth 10 lakhs when your bank balance is more than 100 lakhs." This quote says a lot when you focus on its meaning. Coming to your question, it would be a stupid decision for a person who just earns a little profit from trading and quits his job. There is no guarantee of passive income from trading, so how can someone block their passive income? It would be better to make a significant amount of money from it, allowing you to live peacefully without any fear after losing some trades. At this stage, I would recommend leaving your job, but before that, it would be a poor decision.

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I use trading as my second source of income but I can not always make a profit from trading. I realize that I still difficult to profit from trading so I still working on my job and even if I can make a stable profit from trading, I will not quit my job and focus in trading. That will not easy for me so I still better to do two things which is trading and work in my office.

I am not confidence to say I can always make a profit daily from trading so that is why I still need my job to earn money. If I can make a profit from trading, I save that money for my future and my investment. So far that's works good for me so I keep trying to make more money.

Ziskinberg

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No, I don’t. Having a stable job creates more income guarantees than trading itself. Even though we hear successful trading stories spread out in the social media, but what we don’t know is how far they lose a lot first before starting to gain significant profits from trading. To the fact that you could end up losing all your hard-earned money first before you start making profits. That’s why I prefer to keep my job while I continuously progress in trading. In the end, the more sources of income, the bigger my savings will be when retirement comes.

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Quote from: retreat on Today at 09:41:00 AM

It depends on how the trader responds, if they feel that they are trading just for a side job, then they can do that and still work. But if they are already getting consistent profits and are sure that their decision to become full time traders is final, then they can quit their jobs and pursue a career in trading. So it all comes back to the trader, they must listen to their heart and how the history of their trading activities, if they feel confident enough that they can profit from the market, then they can become a full time trader. But if not, then they should just keep working.

The thing is even if you’re profitable in trading for over a year that doesn’t guarantees your confident on something this volatile, for me one shouldn’t quit their jobs to focus only on trading except for reason(s) like the job itself is too risky like related to life insurance stuffs, or it is too stressful that it requires your time all the day long, and it’s stress isn’t even relatable to the incentives from it, this way you can simply quit your job but not focusing on the trading alone.

Before quitting you should have used the early days profit to actually set up another income source or find a less stressful and even less incentive income. The reason for having another source of income is simply to be less dependent on the income on trading.

Also trading requires other capital sources that’s why you even see numerous mentorship programs just for them to source for larger capital. It is usually a bad idea to focus only on trading to me

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If I were single, I would quit.
If I were married, I high unlikely to quit.

I think at some point you need to dare to quit your job and try to work on your own i.e. self employed, hence I suggest people to get married when they're already self employed, however if they choose to marry when they're still working under someone, they need to expect to become employees until they death.

Become a trader was one of my childhood dream, but after I know in trading you will not always make profit, I choose to not become a full time trader.

Questat

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Why quit your job when you’re still able to make them both profitable. Instead, continue to work on your office hours and trade on your free time. That is way more profits secured.

We all know trading outcomes can never be certain all the time. Yes, you can be a skillful trader and achieved significant amount of profits, but the question is how long? Unlike if you work and trade, whenever you lose in trading, at least you still have a permanent job that will provide you income regularly.

avikz

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Well it's nothing much about the subject matter, which I would have to also hear from your parts to know.
Do you quit your office work when you starts making profits from your trading.

I want to know, the reason why I am putting this up here is because as we already aware that trading doesn't guaranteed a regular profits, or we can't be sure of how much would make either every week or months. Does it mean we should stop our office because a trade gives us x amounts today and we think we would still have that chance tomorrow?

Your inputs is needed.

Lol! That's the worst decision any human can make! Your job is a source of your regular income. Never leave your job unless you have enough savings to take care of your emergencies and the remaining years of your life. Trading is risky and it doesn't guarantee regular flow of money every single day. So it's better not to depend on that. The benefit of crypto market is that, it is open for 24 hours a day. So you will have time when you logout from your office desk. Utilise that time to trade and make additional profit. But never leave a job and depend on trading unless you have a huge savings. It will help you to retire early in life.

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Do you quit your office work when you starts making profits from your trading.

It depends on how the trader responds, if they feel that they are trading just for a side job, then they can do that and still work. But if they are already getting consistent profits and are sure that their decision to become full time traders is final, then they can quit their jobs and pursue a career in trading. So it all comes back to the trader, they must listen to their heart and how the history of their trading activities, if they feel confident enough that they can profit from the market, then they can become a full time trader. But if not, then they should just keep working.

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

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Definitely not. There's a reason why there are full-time jobs and part-time jobs, and I don't think trading counts as a full-time one. It can probably count as one, but only at a certain amount of money, I'd say. Depends on how (and where) you live, but it's money that can generate enough daily profit to let you live as a middle-income earner I'd suppose. Anything below that, I just consider it as a bonus from time to time that I use to invest again.

Pretty sure you already know that though since you've already realized trading doesn't provide a stable source of income. It's either what I said really, or you trading and profiting so much money in one (or a couple) of trades. Money more than enough to live your entire life without worries but that's on rare instances really.

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Quote from: Perfectbaby on December 22, 2024, 05:44:05 PM

Well it's nothing much about the subject matter, which I would have to also hear from your parts to know.
Do you quit your office work when you starts making profits from your trading.

I want to know, the reason why I am putting this up here is because as we already aware that trading doesn't guaranteed a regular profits, or we can't be sure of how much would make either every week or months. Does it mean we should stop our office because a trade gives us x amounts today and we think we would still have that chance tomorrow?

Your inputs is needed.

I'm not a trader, but this is what I observed as well during the bull run in 2017, at least I remember back then reading threads in the altcoin boards about some people who says that they quit their job and focus on trading itself. However, when we go into a bull run in 2018, I don't know if this people have keep the same energy in trading and we don't know if they are making the money that they can cover their bills or even put food in the table for their family.

So my advise would be not to quit until such time that you have save enough, or have at least some money that you need to have in order to survived in the next 6 months. Again, it's the question on what will be for you when the bear market comes? Maybe that time, it's going to be very hard to trade and make money as usually that is the time wherein the market is going to bleed and it might be bad for you.

Dr.Bitcoin_Strange

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I created a similar topic somewhere else where I asked "what will be the first thing a trader will do if they start making profit from trading. " Is it to quit their job first, retire their parents, get married first, or have another investment first. To answer your question, first we know that trading is not a low risk kind of investment, which means they could be severe losses and profit can also be made. As for me, the only time I will quite my day job is if I am certainly and evidently making $500 to $1k from the market everyday. Also, if my success rate has surpass my losses, I can consider taking such step.

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