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Topic: Does a trader needs to be a full time trader to be successful? - page 2. (Read 1073 times)

jr. member
Activity: 132
Merit: 4
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.
full member
Activity: 1190
Merit: 111
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.
sr. member
Activity: 1232
Merit: 379
Most persons are full time traders because they need the time to know everything about trading,and making investmest.
They study it every single second to try and understand the best way to go about trading and one won't lose.
But part timers don't really have time to focus on the trading because of their extra work. And most atimes,it tends to affect them because they don't really study about the project they want to invest in,thereby cause them to loss money.
jr. member
Activity: 476
Merit: 3
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It all depends on a chart you study. I don't think is necessary for someone should be a full-time trader before you be successful. It all depends on trader strategy, how it understand it market or how marketing movement is.

For instance binance coin will pump and same time some hours it will drop,for anybody that trade this binance coin will successful.but will big capital
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Not necessarily. There are traders who are successful crypto traders and trade part-time. Success depends on your financial goals and wins, so there is no definite answer to it. Your trading method is also important here. If you're a long time trader, you require more hours.
Correct, however those that are part-time traders and that are successful will tend to gravitate to becoming full time traders eventually, after all it makes the most sense, if you have a jog that does not have such a good pay and you can obtain way more with your trading skills then logic dictates that you leave the job that does not pay you much and instead you concentrate yourself in becoming a trader, as not only you will earn more money but you will also have more free time as well.
legendary
Activity: 3122
Merit: 1140
Not necessarily. There are traders who are successful crypto traders and trade part-time. Success depends on your financial goals and wins, so there is no definite answer to it. Your trading method is also important here. If you're a long time trader, you require more hours.
Part-time or full-time it doesnt really matter at all because everything would really vary on how you do trade and success will depend on how you do handle up things even though the difference is truly that

noticeable and this is on where people do make out decisions whether they do go for full time or part time depending on their extra time and finances as well.

Being successful isnt something that you could really able to know on whats ahead but you could at least make out some steps which could give out some advantage.
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
Your trading method is also important here.
Yes, no exception. Full time or not but having a method that's very effective to you will make you a successful trader.

I think yes. In order to be a good trader, you need to trade 24/7.
Don't kill yourself. Have some rest, trading without sleep is going to bust you and that's for sure. Rest and sleep are important when you trade and upon doing other important activities. You can learn by having enough sleep although the market is operating 24/7.
newbie
Activity: 29
Merit: 0
Not necessarily. There are traders who are successful crypto traders and trade part-time. Success depends on your financial goals and wins, so there is no definite answer to it. Your trading method is also important here. If you're a long time trader, you require more hours.
full member
Activity: 826
Merit: 135
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As doing so, mostly it depends upon the trader, what he want to invest, how much he wants to invest, and in which coins he has the gain and want to do more better, but trading always needs that type of thing in many aspects and only it can give you profit if you are giving some more time to trading. So, it will be quite difficult for gaining profit in less time.
hero member
Activity: 2954
Merit: 672
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Not really but you must be good in both technical and fundamental analysis for you to be a successful crypto currency trader, no one can denied this fact except if you are taking crypto currency trading as a Gambling. People that take it as a gambling maybe without any reason in technical and fundamental analysis made good profit from his or her trading.
For effectively performing technical and fundamental analysis, you must need to be a full-time trader. Because, covering all the aspects of market fluctuations and then predicting market directions accurately definitely need lots of time which is the reason only full-time traders are making consistent profits. At the same time this does not mean part time traders are losers but they may not be making consistent profits all the times.
Having spent more time in trading will be more advantageous than those who give less. TA's, fundamental analysis, or any analysis we wanted can't be made right (or at least) if we don't spend much time on the market. Maybe you can do short-time but not wonder about the efficacy of that. The more we involve and spent time in trading, the more possible we reach our goal. Success won't come so easy and that is why we have to work harder. Otherwise, don't expect it to come nor do you become a successful trader.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
Not really but you must be good in both technical and fundamental analysis for you to be a successful crypto currency trader, no one can denied this fact except if you are taking crypto currency trading as a Gambling. People that take it as a gambling maybe without any reason in technical and fundamental analysis made good profit from his or her trading.
For effectively performing technical and fundamental analysis, you must need to be a full-time trader. Because, covering all the aspects of market fluctuations and then predicting market directions accurately definitely need lots of time which is the reason only full-time traders are making consistent profits. At the same time this does not mean part time traders are losers but they may not be making consistent profits all the times.
full member
Activity: 1470
Merit: 148
Not really but you must be good in both technical and fundamental analysis for you to be a successful crypto currency trader, no one can denied this fact except if you are taking crypto currency trading as a Gambling. People that take it as a gambling maybe without any reason in technical and fundamental analysis made good profit from his or her trading.
sr. member
Activity: 686
Merit: 252
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I think yes. In order to be a good trader, you need to trade 24/7.
Many people forget that trading is no different from full-fledged work, and in order to be successful in trading, you must work as expected, giving yourself completely. This is a professional approach.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
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?
Full time trading is a difficult thing.  If you observe the market for some time every day then you can get an idea about the up and down of the market. And then you can make enough profit from part time trading. The most important thing is to become successful in trading and be it part time or full time.
Many dream on becoming full time traders as they imagine the profits they can get out of the markets but they never imagine the crazy amounts of stress they need to endure, while all jobs have some stress associated with them in the case of trading the stress that you will accumulate is extreme, as unlike other jobs you have the pressure of performing at your best all the time or you do not make any money, while at the same time you need to watch the charts every single second because if you do not then you could miss an important movement that could have made you some profits that day in particular.
sr. member
Activity: 2226
Merit: 347
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?
Full time trading is a difficult thing.  If you observe the market for some time every day then you can get an idea about the up and down of the market. And then you can make enough profit from part time trading. The most important thing is to become successful in trading and be it part time or full time.
Full  time does basically means that you do put up all of your time or simply making it as a main job of yours and we know that not all would really be having that ample time on dealing up with trading in full time.
Success doesnt always pertain on what kind of trader you are but rather on how you do able to survive yourself with this market and end up on profitable because these are the things or indications
that you are really doing well on this field.IT doesnt really need that you should go full time because swing or long term traders could actually succeed too.
sr. member
Activity: 1582
Merit: 264
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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?
Full time trading is a difficult thing.  If you observe the market for some time every day then you can get an idea about the up and down of the market. And then you can make enough profit from part time trading. The most important thing is to become successful in trading and be it part time or full time.
full member
Activity: 896
Merit: 100
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At a time being I'm satisfied to your this talk that traders need full time with much concentration and another thing, I must tell you that a successful traders always give more time to the way which is trading which give them a profit too, so indeed I prefer it that the trader should be more concentrated and more available for his trading criteria.
sr. member
Activity: 952
Merit: 281
Sometimes it depends on each of us. If indeed trading here is the main role for profit... definitely will choose for full-time. Well, it's different if you have other activities, it will definitely choose part-time. Which's clear is that both will give profit if you know more about certain risks and how to deal with them. Between full-time and part-time, each has the right strategy for it, how to study market movements from time to time.

If we talk about crypto day trading or short term trading then indeed its a full time job. You wake up one fine morning nnd see BTC gone up and vice verse, there is very little time to react. I checked BTC price yesterday and its 48-49k while today its 54k. Same holds true for altcoins also.
If you are trader then do it on full scale else be a HODLer and live a tension free life.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
I think you don't need to be a full time trader to be a successful trader. we just need to see and observe the market well so that we can handle our crypto assets well. what is important is the timing itself where we can determine the right time to sell or buy crypto in order to make a profit. besides that if we trade full time too often it will affect our emotions, we will be more anxious and also feel uneasy. trading also needs calm so we can stay calm when the crypto market is going down.
While true at the same time not being a full time trader brings some limitations, those that went full time can concentrate their efforts in a single activity and as such they will improve and perfect their strategies faster than someone that has a regular job and that is using their spare time to trade and learn the markets, and this is even more difficult to do if you have a lot of responsibilities like a family, so this will slowdown your progress and you could even give up before you get to the point in which you could begin to get profits.
member
Activity: 728
Merit: 12
I don't think full time trading is healthy because some people still have other jobs to do. In addition, when they trade full time, it will take at least 20 hours in front of the monitor which makes them just sit still and sit. Except for those who are used to this, maybe they are comfortable and enjoy the process and the results obtained are fantastic. But I think trading not full time can also be profitable and will be more effective because it doesn't take up too much of your time.
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