It is not a full-time trader who will succeed in trading.
Trading strategies are very important for trading. It is necessary to continuously analyze the market and observe market changes, and formulate suitable strategies based on multiple trading experiences to reduce trading losses and ensure trading profits as much as possible.
Topic: Does a trader needs to be a full time trader to be successful? (Read 1051 times)
November 07, 2021, 05:42:24 PM
In my opinion in order to be successful in trading you must approach trading as a full time. As a trader, you are essentially a small business owner and you must research and strategize to maximize your business's potential.
I don't think that it has to be like that.You can trade even you're not full time on it. You can be successful with trading despite not fully committing your time on it but it's not your main source if that's what it is.
Traders that source it as their main income has to be good at their most trades.
November 07, 2021, 05:14:23 PM
In my opinion in order to be successful in trading you must approach trading as a full time. As a trader, you are essentially a small business owner and you must research and strategize to maximize your business's potential.
November 07, 2021, 03:30:52 PM
No, person doesn't need to be full-time trader when it comes to cryptocurrencies. Actually, it can even have a negative effect on your capital. When you constantly trade, you are under serious pressure all the time and in these cases you make more mistakes unless you are 24/7 on tranquilizers.
I am into cryptocurrencies from 2015 and from my experience I can say that the less frequently you check prices, the better. When price reachs high levels and lowest points, you'll see tons of news online. That is another indicator that it's a good time to invest or open short position on futures.
Check my thread - It's the easiest to trade when you aren't trading
I am into cryptocurrencies from 2015 and from my experience I can say that the less frequently you check prices, the better. When price reachs high levels and lowest points, you'll see tons of news online. That is another indicator that it's a good time to invest or open short position on futures.
Check my thread - It's the easiest to trade when you aren't trading
November 07, 2021, 10:16:42 AM
I don't think it's necessary to have full time for a trader to be successful. it all depends on the type of trading each. many traders analyze and then place pending orders and targets, and after that they can do other activities besides trading, and for some time check on their cellphones about the orders they have placed. usually they don't forget to put a stop loss as a safety
Exactly, there are a lot of traders whose forte is not intraday goals, in their respects, trading is not their initial presumption, it's just business that comes to them in the most unexpected way and they handle it in the most natural way, a secondary skill that can earn money besides the skill of the main job. But coincidentally apathy as a secondary skill makes them very successful in trading while people make trading as a primary and full-time skill, sometimes their brains seem to calculate many times more than the average person, such consumption causes them to suffer a lot of mental illnesses and is often excessively exhausted, quite a lot of people are not successful November 07, 2021, 06:11:42 AM
Trading doesn't require 💯 attention as such, yes, you can't be à part time trader and expect to still make as much profit as the full time trader...
Though being a full time trader and part time has it's own effect; the advantages and disadvantages vary, let's take for instance, someone who's fully into trading may decide to put in all his resources into trading and then boom, there's a dip, those kind of situations would be considered bad for a full time trader but a part time trader may not have the feel since financial consideration/wage rate are coming from other angles.
As a part-time trader, you gave to conversant with the market structure so you know when's best to come on board
Though being a full time trader and part time has it's own effect; the advantages and disadvantages vary, let's take for instance, someone who's fully into trading may decide to put in all his resources into trading and then boom, there's a dip, those kind of situations would be considered bad for a full time trader but a part time trader may not have the feel since financial consideration/wage rate are coming from other angles.
As a part-time trader, you gave to conversant with the market structure so you know when's best to come on board
November 05, 2021, 03:16:11 PM
As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
You don't need to take full time trade to be a successful trader. People can work at 8am-5pm and they can still get profit on that daily through trading at the spare time of their work or at night because buy/sell order exist and you can access your exchanges anytime you want. You don't need to sit and watch the market on the entire day if you would prefer it like that. 
November 05, 2021, 02:53:47 PM
One does not really need to be a full time traders before he will succeed in trading,all that is very important is having time to follow up charts,read constantly about trading,making frequent research on trading,and know of the different strategies to be used in trading.
I know full time traders have all the time to study,learn and read about what they are doing,but for part timers,it's not like that because they have limited time to focus on the trading.But when ever they have their leizure,it is required that one needs to learn more about trading.
I know full time traders have all the time to study,learn and read about what they are doing,but for part timers,it's not like that because they have limited time to focus on the trading.But when ever they have their leizure,it is required that one needs to learn more about trading.
IMO crypto trading is a full-time job, you cant do that with a 9 to 5 job. In other words, you cant take crypto trading as a part-time job. Crypto trading is a mixture of your knowledge, Technical analysis (FA, TA, Charts, etc), and your luck, I insist the former plays the key role. It's also a reality that the majority of traders end up in loss. Day Trading Bitcoin: Why 95% of Traders Lose Money and Fail. So before you jump into it, study all aspects of trading.
A full time job? I would not even call it a 10 minutes a day job. If all youre doing is staring at charts, then at some point you are going to disappoint yourself by FOMOing into or out of a trade. Thats all what staring at charts all day does to you.
If you want to make a profit, you need only daily, weekly and monthly charts. And you definitely do not need to stare at them all day or keep updating your trading strategy every 15 minutes.
But then again, I used to do that when I started trading. Big mistake. Never again.
November 05, 2021, 02:48:02 PM
One does not really need to be a full time traders before he will succeed in trading,all that is very important is having time to follow up charts,read constantly about trading,making frequent research on trading,and know of the different strategies to be used in trading.
I know full time traders have all the time to study,learn and read about what they are doing,but for part timers,it's not like that because they have limited time to focus on the trading.But when ever they have their leizure,it is required that one needs to learn more about trading.
I know full time traders have all the time to study,learn and read about what they are doing,but for part timers,it's not like that because they have limited time to focus on the trading.But when ever they have their leizure,it is required that one needs to learn more about trading.
IMO crypto trading is a full-time job, you cant do that with a 9 to 5 job. In other words, you cant take crypto trading as a part-time job. Crypto trading is a mixture of your knowledge, Technical analysis (FA, TA, Charts, etc), and your luck, I insist the former plays the key role. It's also a reality that the majority of traders end up in loss. Day Trading Bitcoin: Why 95% of Traders Lose Money and Fail. So before you jump into it, study all aspects of trading.
November 05, 2021, 12:47:43 PM
One does not really need to be a full time traders before he will succeed in trading,all that is very important is having time to follow up charts,read constantly about trading,making frequent research on trading,and know of the different strategies to be used in trading.
Not stopping in learning the deeper part of this investment, you can continue even you just using your spare time, as long as you are willing to extend your knowledge, and open to any adjustment when performing your trade.
I know full time traders have all the time to study,learn and read about what they are doing,but for part timers,it's not like that because they have limited time to focus on the trading.
That's how I see the advantage of full time trader, they can take some time analyzing more deeper before engaging with thier trades.But when ever they have their leizure,it is required that one needs to learn more about trading.
Yes, it's requiring everyone to go deeper, it will increase the chance of succeeding from this business.
November 04, 2021, 09:59:32 PM
One does not really need to be a full time traders before he will succeed in trading,all that is very important is having time to follow up charts,read constantly about trading,making frequent research on trading,and know of the different strategies to be used in trading.
I know full time traders have all the time to study,learn and read about what they are doing,but for part timers,it's not like that because they have limited time to focus on the trading.But when ever they have their leizure,it is required that one needs to learn more about trading.
I know full time traders have all the time to study,learn and read about what they are doing,but for part timers,it's not like that because they have limited time to focus on the trading.But when ever they have their leizure,it is required that one needs to learn more about trading.
November 03, 2021, 01:14:17 PM
As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
In trading you don't need to watch the chart all time, you just need some time since there are good features like auto buy low sell high. You can also bots on trading but for me I didn't used it yet. If you're scalping you really need to watch the daily chart or even every hour. November 03, 2021, 12:22:48 PM
As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
if you already know the trick then full-time trading is the best thing than part-time. I saw on youtube a lot of full-time day trades make quite a lot of money from their full-time trades and their market intuition has awakened.Having said that, obviously going in full-time would be beneficial as you'd have more time to research and look at the markets but it is not utmost necessary.
It of course also depends on your lifestyle. For some, part-time trading is that hobby they've been wanting to have all this time while making progress in such an early industry! There's a place for everyone.
November 03, 2021, 12:20:16 PM
As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
Success in trading is depends on your strategy on how you trade and not on the length of your stay in from of your computer. But for me I preferred full time because this is only my job so far. Profits in trading depends on your capital and if you are a day trader need to monitor the price movement from time to time.
November 03, 2021, 11:30:37 AM
I don't think it's necessary to have full time for a trader to be successful. it all depends on the type of trading each. many traders analyze and then place pending orders and targets, and after that they can do other activities besides trading, and for some time check on their cellphones about the orders they have placed. usually they don't forget to put a stop loss as a safety
November 03, 2021, 11:30:17 AM
In my opinion full time concentration are necessary for those individuals who are day traders. They will be successful if they are active throughout the whole day because trading is highly fluctuating. But for those who are long term investor, full time trading is not compulsory. But trading require times to be successful. Because there is no surety that what will be the price in next hours.
November 03, 2021, 08:06:30 AM
I don't even think it may take full time, this is according to my experience and my opinion, It always needs much more time depending upon the trader own research that how much he is investing and did he invested in the long term coins or short term coins? So, always depend the time factor on these type of strategies which may result in more profit and more loss even sometimes.
November 01, 2021, 12:41:09 PM
As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
if you already know the trick then full-time trading is the best thing than part-time. I saw on youtube a lot of full-time day trades make quite a lot of money from their full-time trades and their market intuition has awakened. November 01, 2021, 10:38:55 AM
As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
I've been here in cryptocurrency and until now I'm a part timer, and yet it gave me nice profit monthly even I'm doing
this as a part time source of income. Moreover, crypto's volatility will not be chance as long as there is a community
and whale investors are involving themselves here in crypto space.
Good for you, as even you are using this venue or business as part time, you are earning decently and you are enjoying it.
That's the importance of using your opportunities to maximize your gains. There are people who loves
extending their time to the point that they are taking overtime to find suitable assets to invest.
But there are also people like you who can take profits even doing it using your extra time..
October 31, 2021, 03:41:31 PM
This is not overly true, there is no particular formula for profit when it cones to crypto trading. However, patience is required in most cases. Making profit from trade is not dependent on period of trade. Anybody can make profit at any time from trade, same thing goes with loss.
But in my experiences, we need to be dedicated to put all the time for trading so that the chances for being profitable trader will be high. I am not saying just regarding to crypto trading but in general as all trading markets are fundamentally same, nothing easier and requires only your part time participation. You must need to work on even weekends on your technical parts so that you may get more advantage than other traders to spot out opportunities.I am into long term trading hence I am not a full time trader. It means your strategy of trading also will decide whether you need to be a part time trader or you need to be a full time trader. Even when we opt for long term holding way of trading then we may focus on other business as well as you need to come back and check prices only once in year.
Jump to: