Topic: Do you quit your office work when you start Making profits from trading? - page 2. (Read 1179 times)

Very normal that majority of us wouldnt really be liking to have a work but rather wanting up to have that kind of life on which doesnt have any headaches or stress, but its true that there are those people that instead on having that financial stability but still deciding to have a work because its their passion or something that they do really want to do.
Having a work isnt really that always talking about money, yes this is mainly needed or lets say 99% of people who do find work as source of income but there are ones who are sitting on that 1% on where they do really need up to work just to have need on doing something specially if they do really love or want it. When we do really that speak out when it comes to office work then its really that something which is really that very stressful and something that you cant really be able to avoid that there will be those times that you do really want to quit up because of some reasons but since we do need money to earn for us to survive then this is where you will be having no choice and you will be ending up on having some kind of trying out to survive as much as you can despite of a tough situation since you dont have no choice. Trading is a skill that isnt something that could be easily be learnt and it will be taking up some time but on the moment that you will be able to achieve such state then you can be able to determine whether you are sustainable or not, if yes then you can quit up your job without having any worries.

Learn from the mistake of others. They've quit just because they've earned an attractive amount of money with their trades and became consistent on it. If you master trading, can do it a few times in a week and still make money while enjoying your work and still have other source of money. Quit if you don't like to be in your job anymore but sooner or later, you'll find a new passion that will give you better reasons to wake up and continue to live on day to day living. That's how you quit, when you've got a toxic boss and coworkers.

I don't think there's a better reason to quit any job if it's more profitable than another. Trading can be called a side job that can generate profits, but every trader cannot produce it consistently due to market dynamics. Leaving a job that pays well is not the best choice, unless you are sure that your job does not pay you enough to meet your own needs every month.

I also want to know what you would choose if your job only paid you $100 per month, while you could earn $1000 in trading (at least) each month?
Is quitting the job the best solution to focus on trading or continue working while trading?

Investment is risky, trading is more dangerous so except if you are as either an investor or a trader who already made millions or billions of dollar from investment or trading, and already took it to fiat currency, cash, bought real estates and some luxury things, you should never quit your job.

It's because profit today from either investment or trading, can turn to loss in future if you continue your investment or trading, and don't cash it out all or partially.

It's addictive to continue with trading or investment and because they're both very risky, you can lose your money quickly with them too. Quitting your job, and getting loss later, your life will become very hard.

You have said it yourself that trading doesn't guarantee regular profits. Matter of fact, I would say, trading doesn't guarantee profits itself.
So considering that many people lose money while trading it wouldn't make much of a sense if we quit our day job for trading.
Surely some people do make money out of trading but even in that case, why not have your stable job and continue trading part time.

Yes you are right, most reasons why some people quit their jobs to focused on trading is as a result of having a total freedom of their lives, without either solely relying on anyone for paid or restrictions of movements. While there are people who loves to enjoy their youthful age, and at the caused of trying to utilize their youthful age you would see them abandoning their permanent Jobs to trading knowing too well that trading doesn't always goes as we plan it. Sometimes we might see the green part of trading and sometimes we might see the red side of trading causing us to panic so much when we are experiencing so much loss while trading.

It's better to just let it happen naturally. Will someone who has a permanent job quit their job and become a trader in a month? No. It started as a side project, because everything requires learning, reading, trying, testing, and simulation. If you trade to make money better than your current job, then you trade. Because basically there are people who jump into the world of trading not because it seems easy to make money, but because of freedom. Like most people, they want to go wherever they want, do whatever they like, and they don't want to lose anything in their youth.

However, it would be better and ideal if you do both. You do a permanent job and trade too, because trading doesn't always go smoothly. So, if you have a job, you don't get too dizzy when you experience losses or at least when the market is down, you don't panic, but can take advantage of the falling market to make a profit later.

Thats the most foolish thing that you would gonna do is to quit up your job on the moment that you do able to get some few wins on your trading on which it will really be that totally that a risky thing to do so because sustainability will really be your main issue on here. On the moment that you would be considering on quitting up your job then make it sure that you can be able to sustain yourself with trading profits because if you do quit without having that sustainability then it will really be just that suicide. This is why it will really be that important that you should really know on what you are really that indeed doing and not really just that basing up with few outcomes or results on which it does really need up that main consideration before taking up such action.

Its impossible that you cant be able to notice it out as you do go ahead on which we know that even using up our own senses then we can be able to differentiate into things on which it do really looks up sustainable or not. Why would really be trying out to quit up on the moment that you've seen that you cant be able to make money well or wont be able to sustain? This is why if you do find yourself not still be able to sustain trading profits then you should really be just that make it as your side income and never tend to make it on your main source because it is really just that too risky on making up such move or decision.

You don't just quit your 9-5 job with your first profits, you need to make sure that you have a concrete strategy that you can replicate and you are 100% certain that this will make you money what's you commit to become a full time trader!

Relying on first profits is going in blind especially that beginners Luck exists and law of probability says you have a 50%  chance of getting it right or wrong  at first attempt.

For me hang in there till you are comfortable with your trading career.

The faucet is also influenced by FOMO, seeing the market is in a bullish period and those beginners who are new to trading are making a profit at first,
it does make them as professionals who are already preparing to trade.

Crazy things with making large deposits are done by beginners or even those who already understand the basics of trading.
But what is even crazier when choosing to quit their office job or main job, even though the risk of trading is quite large, and the main job is a strong support for trading that is done because of the income that is definitely obtained.

Quitting your main job is like choosing a dead end and leaving behind the passive income that has supported the trade that has been carried out.
But it's also about their own desires and every decision is their own responsibility, and never regret the decision they've chosen.

It’s really surprising to you, but the funniest part is that people do it, but most people that do crazy things like that are the newbies just entering the crypto space. When the bull run starts, you are going to see newbies do crazy things, because the market is always in their favor, so they are always thinking they are already professionals already.

When the bull run starts, you will start seeing different Telegram groups claiming they are signal providers, because we all know during the bull run most people are always making money. All you need to know is just the basics of trading, so even newbies will create groups and will ask people to pay before they will be added to the group, they will be claiming they are professional traders.

When there is a bear in the market, most coins are always dropping, and just  few people will be able to make profit during the bear market, so that’s when you will know the real professional traders. I know they won’t also be making much money, but at least they won’t really be losing much, most of the newbies who claim to be professionals won’t have a choice but to leave the market and will end up regretting why they left their job.

Yes, it is a personal choice and depends on each person's ability. If we can be confident in our ability to make money from trading, we can turn it into our main source of income. Or we can combine and treat trading as an additional source of income. No one forbids or forces us to choose one of the two, it is all up to us to decide.

But honestly, I don't see many people being able to make enough money from trading without doing another job because as we all know how difficult trading is. So my advice is that we should keep our main job regardless of high or low salary as long as it is stable and just consider trading as a side job. Having two sources of income is better than having just one.

I know a lot of people who are full time traders, their only income source is the profit they earn from cryptocurrency trading, they are earning enough money that they don't have to do any other jobs... and I also know many people who are part time traders, they didn't quit their regular job for trading and they are very happy about about it. they can earn something from trading while having proper jobs too. so that means there are both type of people out there. and trading doesn't require you to quit your job. it is someone's personal choice.

OP need to delve into trading for sometime before deciding whether it's worth it or not to keep trading, I've seen people who got consistent profit only to get blown up at flash dump and their entire month of profit emptied, imagine that scenario without stable source of income, also over trade is bad and fulltime daily trader often over trades, with job that give stable income and trading as a side hustle OP can definitely keep himself from overtrading better because you won't need to meet certain amount of profit to make ends meet which resulted in a really bad trading decision.

need to seriously think thoroughly about this because I never think removing a fulltime job just for trading is a good idea.

You already said that cryptocurrencies are volatile, so it can go with you (be profitable on it), or can go against you (making losses from it).

You can do it, provided that you have a passive income that would pay your monthly expenses. I'll give an example. Having apartments, condominiums or any real estate property that would give you rental income can be enough for you to pay your monthly expenses, so you can go full time in crypto particularly in crypto trading. There's a risk (like it always do), but at least there's some safety when it comes to the income that you can get since you have properties that can give you monthly income. Aside from having passive income, I don't see any other reason why we should quit our work just to focus on trading.

Having a normal job is still a good thing at all because it's a stable source of income while crypto trading isn't. Another is that you can still make trades while at work. As for resigning, don't do it please for the sake of crypto trading especially if you aren't profitable consistently for the past 2 years.

Well, you actually right and i think is depending level of understanding for you to quit your office over trading. People with they want because someone can be guru in trading and decide to quit because of the sufficient profit they are making from trading, and those who aren't quitting are the people who aren't that comfortable with the trading. Like I know trading is not something that gives guaranteed money because the market sometimes can not be predicted, otherwise those who have been trading wouldn't have looked at having side jobs or office work.

A job usually has other perks associated with it like medical insurance which are not given in cash as part of salary. We have these luxuries associated with us during our job. Once you quit job you not only surrender your monthly salary but also the perks associated with it. I have a colleague who recently underwent an open heart surgery, all his medical expenses are paid by the employer moreover my colleague is also on six months medical leave.
If you are quitting job just because you are getting good profit in trading or some other business make sure it's a stable enough to feed you and your family and covers other aspects of life like your medical expenditures.

well, i don't suggest you to quit your job because of that. i think, job becomes one of the stable source of income when all this is not going as we want. maybe it would be better if you quit your job because you have earned income from other places like a growing business, so you still have a source of income every month. when that happens, then you can focus on trading.

Any one have ideas for "quitting office work when start making much profit from trading cryptocurrency? I don't think its good ideas because profitable earn from cryptocurrency actually not consistent yet and we have moment loss when market unpredictable suddenly drop. Better keep at your job and not get spend many time when trading in cryptocurrency, usually you can work behind keep trading in cryptocurrency market after your buy order filling you can set up how much profitable for selling your investing before.

Many trader keep focus on their main job although have earned much profitable from cryptocurrency trading, they don't loss opportunity get monthly salary from office working and other side get profitable from cryptocurrency although some time have higher profitable earn from trading than salary payment receiving from real work.

There's no such thing about having that forever job but actually there are those who do become that employee for the rest of their lives on which this do give out that kind of security at least but dont expect that you will be living a life on which you do have that kind of freedom when it comes to finances on which you do still live on a standard financial situation. This is why it will really be that up to you on how you will be making up good plans in according into your potential profitability in the future. You cant really just that make yourself having that contentment that you are really just that there when it comes to this kind of situation but it will really be that everything in accordance into someones approach on how they will really be that handling themselves and making out some decisions on which it will really be basing up into their plans and goals in life. Quitting office work is something considered a dream for most people because of having that less stress on commuting plus be able to avoid that less money that they are earning.

This is why on the time or moment that you do find yourself having some chance on diving with some opportunities then this do really sparks out that kind of interest because we do know on what the opportunity that it could really be able to give out. This is why it will really be just that too impossible that you wont really be that reconsidering out these chances once you do able to spot it out. Although not all individuals will really be having those kid of goals or mindset on improving their lives on doing such action but rather they do just stick on what they do current have now. Actually its not bad but its better that you do have those hopes on stepping up.