Quitting your steady source of income to embrace something that you can't predict is somewhat of a gamble with high risk for your financial future.
How can one quit your office work to trade cryptocurrency, even though trading can give you profits that can surpass your entire monthly salary in a day profits, at the same time in trading, you can lose all that you make or open a position that will place you a waiting stage for a very long time, this is the many challenges that come from cryptocurrency trading which make it not favorable as a full-time job.
Topic: Do you quit your office work when you start Making profits from trading? - page 7. (Read 1179 times)
December 22, 2024, 06:45:47 PM
December 22, 2024, 06:44:09 PM
No, and I don't have plans. Maybe because I have seen that there's no guarantees in trading because even if you very sure already of the outcome of your trades but once the market instantly change its condition, obviously your supposed to be profits have vanish as well. You don't hold the final outcome of your trades most of the time, so you have to be cautious when trading, and won't easily quit your job for the sake of earning bigger profits in trading.
December 22, 2024, 06:36:13 PM
You can't quit from your office work while you are trading unless if you are a full-time trader and you want to monitor the price.
Trading is not a stable job; there are times that you would lose and there are times that you can gain so much profit.
If you end up becoming a full-time trader, then you should be consistent, and it needs a huge capital to be able to gain a good profit on every single spike. Even a small percentage should give you a huge gain because of the large capital. Maybe if you can make a profit on every single spike and you do so consistently, there's no problem to quit your job. Do not forget about risk management; it can help you reduce or cut your losses.
Trading is not a stable job; there are times that you would lose and there are times that you can gain so much profit.
If you end up becoming a full-time trader, then you should be consistent, and it needs a huge capital to be able to gain a good profit on every single spike. Even a small percentage should give you a huge gain because of the large capital. Maybe if you can make a profit on every single spike and you do so consistently, there's no problem to quit your job. Do not forget about risk management; it can help you reduce or cut your losses.
December 22, 2024, 06:34:59 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.
Quitting our own job for the sake of trading is a very risky decision. You could have both lose in the end and make you a hopeless person. My suggestion is, quit only when you are already making massive amount in trading, wherein you have saved already a lot enough that you can live for 3-5 years even without working on your job. 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.
December 22, 2024, 06:32:41 PM
I have never been able to make a profit from trading continuously, but when I took a profit once or twice from the trading platform, a different feeling worked in my mind. At that time, I felt that I had become a very experienced person in the trading platform, I would be able to make money continue from it, but when I took a trade again and faced a loss, I felt very depressed again. But to be honest, when I took a profit from trading, a kind of good feeling worked in me, which resulted in a reluctance to do other things. Although I do not work in any government job or company, I still felt reluctant to do my own work when I made a profit from trading. However, this may not be the case for others.
December 22, 2024, 06:31:22 PM
Trading is much sweeter and easier when you have some side income to cover your other expenses. In this case, you don't get into pressure to make some quick profit in order to cover urgent bills, which could easily lead to bad decision-making due to emotions.
So if you are trading, do not quit that job until you have some good amount that can push you throughout your life. I have seen some folks make life changing figures in a few trades. I guess those are the kinds of people who can quit their jobs and start new lives all together.
So if you are trading, do not quit that job until you have some good amount that can push you throughout your life. I have seen some folks make life changing figures in a few trades. I guess those are the kinds of people who can quit their jobs and start new lives all together.
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.
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.
December 22, 2024, 05:59:11 PM
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.
December 22, 2024, 05:58:01 PM
I can make profit in trading for 2 weeks and later lose again. That is trading. The only reason I will quit my job and focus on traps f is when I have traded for a year and more and I have no loss but huge profit. If I trade again for another months and I make huge profits, I can quit work for trading. But it remain one other reason that I will quit job which is having business established already with the help of trading profit. If I do not have a guarantee business, I will not quit my job.
There are some decision that when it comes to trading it is not advisable amd just the way you said it you can not be making profit everyday amd I don't see how trading stops anyone from working and there is no way you can not balance the two and you have more time during weekends depends on how you plan your self but there people that all they do is trade and they don't have actually jobs and it's working for them and no matter how it is I am getting profit I still love doing what makes me happy there is no way that you keep making constant profits and the best advice would have been quite when there is other investment attached that way the space for multiple sources ot income is already created.
Because I feel there is a season that you might not be getting it right and the only thing that might be sustainable moght not be other than your job or your business that is what those are for because life becomes hard when you don't have a source of income and this are part of the reasons we have to take this things very seriously because everyday profits is not assured and I see it as a side hustle why not we just focus on building our selfs and supporting everything with trading.
December 22, 2024, 05:48:31 PM
I can make profit in trading for 2 weeks and later lose again. That is trading. The only reason I will quit my job and focus on trading is when I have traded for a year and more and I have no loss but huge profit. If I trade again for another months and I make huge profits, I can quit work for trading. But it remains one other reason that I will quit job for trading which is having business established already with the help of trading profit. If I do not have a guarantee business, I will not quit my job.
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 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.
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