Topic: Do you quit your office work when you start Making profits from trading? - page 6. (Read 1179 times)

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.

 
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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

Good! This is one thing i keep telling people that before you quit your job and office work to other business they should have a reliable income or work that is generating money for them before leaving it for something that is so unsure about the outcome. Of course as a trader we should look for another business that would keep generating income for us before finally quitting the current job that is generating income for us, no matter how much they seems to have be making in trading, they should have other source because once someone starts trading and began to make profits in trading they would want to double their capital forgotten that same way their risk would increased as well. Therefore, they can lose everything they have accumulated from trading over the years in just one day or thereabout, that is why it's good to have multiple stream income.

From what I experienced and my friends experiences about the reasons they decided to quit their main jobs and focus on trading because they found an alternative freedom in earning income. They realize that trading is not always certain to gen erate profits every week or every month, maybe you have experienced where you find 2 choices and one of them gives you freedom, peace of mind in terms of time. In the office everything is arranged starting from when to come in, when to go home, even dressing has been arranged in such a way. As if the freedom we have is trapped, while in trading whenever, wherever you can do it as you wish.

A quick overview:

Option 1: Quit your job and focus on trading. In few weeks or months, you encounter a significant loss and have no back up. Go back to the street and start all over again from square one looking for money to re-establish yourself.

Option 2: Maintain your job alongside trading. After some weeks or months, you experience a heavy loss but lucky you have your job as your back up to help you cover up and also generate funds to start over your trading again. No one knows about your loss because your job cover you secretly.

It's as simple as these two options and the decision to choose is absolutely yours. It's not ideal to forsake your primary source of income for secondary sources no matter how profitable you think it is. Most secondary sources are not reliable and can crash at any time. As far as your job is not too bad and not stopping you from trading, you shouldn't consider quiting.

I will not quit my office work when I starts making profits from trading because I consider that my profit from trading can be my other source of income. That will gives me more money so I can use it for my investment or saving that money. Earning from trading will not be easy because we must have a good skills in analyzing the market. So we don't have to quit from our office work because we can use that income to fills our daily needs.

Besides that, we can not always make a profit from trading as the market will still moves to any direction. Although some people can make a profit from trading daily, that will not easy for us so we must think twice if we want to quit our office work.

Totally depends on SUSTAINABILITY!

If it do comes into a time that i do able to make some sustainable trading profits then i might say that its really that considered out to be the moment or time that i will be quitting up my job and will really be doing full time specially if the amount that you are making is really that much bigger on what you are making or getting from your day job. It will really be just that depending on you because there will really be those individuals who will really that still continue on what they do currently have now despite of being profitable with trading. We do know that enhancing trading skills and becomes professional or sustainable isnt something that will really be so hard and it takes time.

This will be basing up on how you will be able to sustain or last up on the time or moment that you do make trades. Having a work+trading session is never been easy because you will be needing up that kind of time management because on the moment that you do have a work then its really that hard for you to manage up both things and and this is why it will be taking a while for you to enhance your trading skills and be able to achieve such kind of situation on which not all will really be having that kind of achievement in life in terms of going full time with trading and being profitable.

If you are already making some profits from your trading, the only condition that should make you quit and take that big leap of faith is if you are working in a toxic environment where your boss, supervivors, and colleages are terrible people. If your mental health has been hanging on for dear life because of your job then quit.

You can figure the fear of the unknown part out later.

If the toxic situition is not your reality then do not quit. Stay back working and build more capital, get more experience and have if I were you, I would have a fiancial target that when I achieve, I will take profit and quit my job without a second thought.