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Topic: Do you quit your office work when you start Making profits from trading? - page 5. (Read 1179 times)

hero member
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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.
If you doubt your trading skills and measure things as "chance," then I doubt leaving the office or a regular job is a good idea. I can understand your feelings here because I also did a job for some months and recently left it. I left it for some other reasons, but the point is, before leaving, I also made a good profit from trading and it brought a thought to my mind that "Hey, I am making more than these people are giving to me why not just leave them?" But I knew that's not a good topic to take a side on.

Because as you said, this is not permanent, even a job is not permanent, but IMO a good job the one you love or not is making you a stable income you can meet your daily expenses with that money and the money you have to trade, you can use that to take more risky trades even because we all know risk can bring more profit but yeah more lose as well. So for now, I suggest we should not leave the job until we have made enough money or until we really become a successful traders. If you can make a good profit even in bear market then I would say yeah leaving the job is a good idea because if a trader is making a profit in all situations, then he is really expert.
legendary
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Do you quit your office work when you start Making profits from trading?
If that is done, in my opinion it is short-sighted and unprofessional, crypto trading does not guarantee that someone can make a profit forever and every time they carry out trading activities, that is the point.

Work, their future is clear by having a monthly salary, it will bring them economic glory in the future, after all trading in the crypto market has no effect on one's job, You can do it when you get home from work or you can do it at night, you don't have to sacrifice your office work or your regular job.

For me, trading activity in the crypto market is a side job which is done when work activities are finished, even though the profits I get are many times over, I think trading is not a permanent job, but a side job, So the issue of profit in trading cannot be a victim of our permanent job.
full member
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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.
If you initially have a job, continue your job, don't leave your job even though trading makes money. Because trading can be uncertain, sometimes profitable, sometimes loss, so having a job doesn't make you dizzy. In addition, to trade, you do have to have another job so that your trading is more comfortable.

Indeed, trading is difficult, it takes a lot of patience and wisdom. Understanding yourself is the key to knowing when to stop trading and when to focus on trading. So what you need to do now is learn to manage your time well so that you can do various activities, jobs, and trading.

Make trading a side income not as your main job unless you are already professional in trading and already have a lot of capital to trade without having to think about daily needs. If it is like this, then you decide to focus on trading as a full-time job.
copper member
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It is quite hard to depend completely on trading profits. As much as you want to, you could do it, but the reliance and making sure that it is perfect is somewhat a problem that might occur when you never expect it. It’s always like that, and I believe that it’s important that you build a sure-way income first before quitting your job.
hero member
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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.


With the little experience I have gained from my close friends who are traders, I can’t even think of leaving my office job for trading. This is because I am aware that trading is not a reliable source of income. There is no assurance that one will always make money from trading, no matter how much knowledge they have. At times, it is inevitable to lose money in trading.

However, the truth is that if the office job someone is doing doesn’t feel worthwhile meaning the wages or salary received from the office don’t justify the effort I would say it’s reasonable to consider leaving the office job and fully focus on trading. There are some office jobs in certain countries where people work for 9 to 10 hours and still aren’t paid well.

In such cases, when someone has proper knowledge about trading and has already started making some money from it, even without fully committing to it, it might be a good idea to focus entirely on trading. There are people out there who are full-time traders and are living better lives than those working for companies or government organizations.ultimately, the nature of someone’s work should be the basis for judging things kind things.

hero member
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It's madness to quit your job that pays you regular within the agreed timeframe by contract for trading that has no specific pay day neither guarantee that you can excel with it  and even if you're excelling in trading it doesn't still make sense on quiting your job. What happens to the call on multiple streams of income ?  Moreover, having a job won't restrict me from having to trade because trading doesn't take all of our day. You just have to set your TP & SL after opening your trade and get back to doing other activities without having to stress out all day.
What i can say here is that it's possible to quit your job and it depends on two reasons. One is the nature of your job may be stressful which you are not getting equal result in terms of payment, yet you put so many efforts and time into it. We know that trading requires time input and attention. An individual may get better in trading if they abstain from much distraction and give it more attention. Working high and taking pennies is equivalent to someone who do not have a job.

The second reason why anyone could quit their job for trading is if he makes huge profit that can sustain him for a long time that he can trade more and make more profit. There are some traders that makes huge profit and after that they venture into physical business or investment which generates more income flow for them to trade. Thus, they don't need their job when they have a business and a passive income.
sr. member
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If I'm to be a trader I cannot quit my work because of trading because whatever thing we do in this live we should be very serious with what is giving us physical money because they are like a step up stone that will prevent us from lack, however he should have even take it as a privilege as he is trading and working in real time because jobs are rarely to come by, though it depends on the money you make from trading, if perhaps your salary a month is $400 and sometimes you make over that amount a day and you see that the job is dividing your attention then I wouldn't say the person is wrong for quitting the job, but if the person is not consistent yet then taking the job serious is the best option because all the traders I no are all working class people who even encourage other traders not to quit there jobs for anything based on what they also saw.

And that will be like one of the wrongest advice to quite and then focus on trading we know how bad that jobs can be but the money can always used for something and you won't have worries because your job does not stop you from trading, I know people that do all time trading but on the other hand they have other bussiness and use trading as a side hustle, seriously jobs are hard to come by so why not stick to the one that we already have and save our self a lot of stress. And am someone can actually go out for work then come back then go for a bath and then eat and come back to my trading.

Because I don't think trading stops anyone from there jobs so it's not enough reason to want to leave the job we should think of how to be more initiative, and everything should be planned out and it makes a better sense thay way, let's assume that all hopes are put in trading and you did not eventually make anything so why put to much hope in trading what if it does not work, because I know of even practitioners that actually trade and they did not quite there job.


hero member
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Do you quit your office work when you starts making profits from your trading.
Yes, I did, it was even twice and I tell you that I do not regret it because they are not extremely paying jobs. Smiley

I am a risky taker, though a reasonable one at that, and I must have weighed my options before doing that. Notwithstanding, I don't advise people to do that in the name of trading, the luck I have might not be the luck others would have and as we know, the majority of traders are losing, so what becomes of you after losing the whole money you invested in it? We should think and act conservatively and reasonably.



hero member
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Dimon69
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 do feel the urge to have a day off from work but not to actually leave my job as it gives me a fixed income and at the same time I love doing my job so hell no on quitting work in exchange for temporary profit.

The answer here is case to case basis depending on how you love your job and how much do you earn to your trading.

There’s no way to have 1 correct answer here.
legendary
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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.

If I'm to be a trader I cannot quit my work because of trading because whatever thing we do in this live we should be very serious with what is giving us physical money because they are like a step up stone that will prevent us from lack, however he should have even take it as a privilege as he is trading and working in real time because jobs are rarely to come by, though it depends on the money you make from trading, if perhaps your salary a month is $400 and sometimes you make over that amount a day and you see that the job is dividing your attention then I wouldn't say the person is wrong for quitting the job, but if the person is not consistent yet then taking the job serious is the best option because all the traders I no are all working class people who even encourage other traders not to quit there jobs for anything based on what they also saw.
Quitting your job despite of being not to be a profitable trader or someone who dont make profits is really just that putting up yourself int that great risks because we do know that trading doesnt really guaranteed profits on which if you arent that good but still decided to quit then you will be ending up on miserable specially when it comes to financial aspect. The time that you should be quitting your job is on the moment that you are making profits even though not constant but you are profitable on which this is something your main indication that you are already a good trader. There are even those who are good ones who dont like to quit up their job because they do still want to go into their workplace and still wanting to earn money but actually this is really just that a good back up money that you can make with your job.

This will fall into someones preference because there are ones who do want to learn up t rading because they do really want or like to stop on going into office and totally get rid of traffic and in socialize with other people.We do know that there are those individuals who are really that not liking with this kind of system but rather they do want to go solo instead.  Quitting your office work is something a very risky decision to be made because we do know that when it comes into this kind of decision then you should make sure at least that you are already profitable.
hero member
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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.

If I'm to be a trader I cannot quit my work because of trading because whatever thing we do in this live we should be very serious with what is giving us physical money because they are like a step up stone that will prevent us from lack, however he should have even take it as a privilege as he is trading and working in real time because jobs are rarely to come by, though it depends on the money you make from trading, if perhaps your salary a month is $400 and sometimes you make over that amount a day and you see that the job is dividing your attention then I wouldn't say the person is wrong for quitting the job, but if the person is not consistent yet then taking the job serious is the best option because all the traders I no are all working class people who even encourage other traders not to quit there jobs for anything based on what they also saw.
legendary
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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.

Yup. The stories are mostly fake. I even want to say all fake. The successful guys don't really make stories, its the ones who fail and need more money from semi trading related hustles who make all the noise.

People forget that trading as a full time job is actually very rare. The real 9 to 5 traders work for someone else, using someone else's money. They make trades on behalf of rich people.

You doing it on an exchange with your own money? Then you are def better off with a day job, focusing on yourself and growing your careeer.
hero member
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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.
(....)
This question is common in trading. I think my input for this is the same as the majority, where I need to find consistency in money or income just like your day job where monthly you have your salary, a fixed amount in exchange for your work.
In trading, I believe it's difficult to make consistent profits, but it still depends on how you trade.
There's no such thing about consistent profits in trading but the best thing to consider or target out is to have that sustainable profits overtime on which at the time or moment that you can be able to sustain your living despite of the loses that you are experiencing. We do know that loses are inevitable but one thing that gives out that advantage is that on the time that you do become that profitable is that you wont be already relying with your dayjob salary. We are all wanting to acquire such trading skill but of course its not something that you can get in a short period of time but its not something that impossible or something that you can attain. Who doesnt want to have a life that not be going into office and having some work? When you are a profitable trader then time and other aspect will really be showing up some freedom of your time on which you can do work from home without any issues and this is something that you will be needing to target upon. Its hard but doesnt mean that its impossible to learn up. It will really be that up to you on how you will be acting out accordingly. It will really be that be basing up into different factors. In speaking about office works on which there are still those people who do want or like to go or having some office works despite on having that profitable trading career because they do still want or like to mingle with other people or socailization because when we are just in the convenience of our own house then its really that indeed boring.
legendary
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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.
(....)
This question is common in trading. I think my input for this is the same as the majority, where I need to find consistency in money or income just like your day job where monthly you have your salary, a fixed amount in exchange for your work.
In trading, I believe it's difficult to make consistent profits, but it still depends on how you trade.
hero member
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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
hero member
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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.
legendary
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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.
legendary
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...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.
hero member
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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.
hero member
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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.
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