Topic: Does a trader needs to be a full time trader to be successful? - page 4. (Read 1051 times)
September 30, 2021, 03:56:22 AM
I think it is more important that the trader is able to correctly assess the market. The model of work does not play the most key role, but it can also affect the results of work.
September 30, 2021, 02:41:12 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?
IMO, traders are divided into two, namely full time and at certain times. Personally, I trade at certain times because I can't give all my time to trading. well, people who have fixed time jobs, it is very difficult to trade full time, so, when the opportunity arises, we will do it.There are advantages and disadvantages to both types of traders, such as being full time, you can prevent losses from occurring when a bear market arrives. however, even though I trade at a certain time, I also still get a profit, although not as good as full time.
September 29, 2021, 07:22:53 PM
Trading in crypto is the easiest job to do. However, all require skills and market knowledge. If we don't have skills and knowledge there is no point in wasting full time every day just to trade because losses always come quickly to us. Success is determined by mental stability and skill, not by sacrificing all our time each day. I spend the night analyzing the market and the day I do the main work.
You need more flexibility in your words so that people don't misunderstand what you're saying, it's trading that doesn't belong in the groups of easy occupations, it's a job that removes the constraints of time as well as reduces the general and fixed rules like companies, no matter the amount of time and whether our shift is day or night, efficiency can come in minutes. Using 24 hours is sometimes just in exchange for such a few golden minutes, so there is no need to sacrifice, modernity allows us to access the market easily and a few minutes are never lacking in a day
. You could be working a full-time job, be married, have kids and still can find time to trade if you really want to. It would be a short span of time and not something you would do for a long time. However that still doesn't mean that you can't profit neither, you could profit in a short span of time if you know what you are doing. I have friends with kids and wife and jobs who made so much money that they quit their job and put a lot of money aside and with the rest smaller amount they are trading still to have fun and that is it.I personally believe that we should all spend a bit of time to learn how to trade like that, if we are good at it then just 1-2 hours a day for few years could return us a great profit. It is not impossible, however it is also not an easy task neither so we should be patient about it.
However, if you are a short term trader, you still have all the chances to be a successful trader as long as you are doing trading properly. You may have a few hours to spend trading but if you got the most powerful strategy on you, then you will start earning huge profits too. Trading does not matter how long you stay in front of the monitor, what matters is that how you'd perfectly perform when in you're real trading.
September 29, 2021, 05:07:50 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?
It is not always necessary to give time for a successful trader. A successful trader needs to know the latest news about the market all the time. Must have the ability to analyze about the project. He will always be about the volume and supply of the project. 
September 29, 2021, 05:00:14 PM
Trading in crypto is the easiest job to do. However, all require skills and market knowledge. If we don't have skills and knowledge there is no point in wasting full time every day just to trade because losses always come quickly to us. Success is determined by mental stability and skill, not by sacrificing all our time each day. I spend the night analyzing the market and the day I do the main work.
You need more flexibility in your words so that people don't misunderstand what you're saying, it's trading that doesn't belong in the groups of easy occupations, it's a job that removes the constraints of time as well as reduces the general and fixed rules like companies, no matter the amount of time and whether our shift is day or night, efficiency can come in minutes. Using 24 hours is sometimes just in exchange for such a few golden minutes, so there is no need to sacrifice, modernity allows us to access the market easily and a few minutes are never lacking in a day. You could be working a full-time job, be married, have kids and still can find time to trade if you really want to. It would be a short span of time and not something you would do for a long time. However that still doesn't mean that you can't profit neither, you could profit in a short span of time if you know what you are doing. I have friends with kids and wife and jobs who made so much money that they quit their job and put a lot of money aside and with the rest smaller amount they are trading still to have fun and that is it.I personally believe that we should all spend a bit of time to learn how to trade like that, if we are good at it then just 1-2 hours a day for few years could return us a great profit. It is not impossible, however it is also not an easy task neither so we should be patient about it.
September 29, 2021, 10:59:23 AM
Trading in crypto is the easiest job to do. However, all require skills and market knowledge. If we don't have skills and knowledge there is no point in wasting full time every day just to trade because losses always come quickly to us. Success is determined by mental stability and skill, not by sacrificing all our time each day. I spend the night analyzing the market and the day I do the main work.
You need more flexibility in your words so that people don't misunderstand what you're saying, it's trading that doesn't belong in the groups of easy occupations, it's a job that removes the constraints of time as well as reduces the general and fixed rules like companies, no matter the amount of time and whether our shift is day or night, efficiency can come in minutes. Using 24 hours is sometimes just in exchange for such a few golden minutes, so there is no need to sacrifice, modernity allows us to access the market easily and a few minutes are never lacking in a day September 29, 2021, 05:31:51 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 believe that there may be a different situation, but in the end everything will depend on your experience in trading, as well as how lucky you are. This means that for some it will be necessary to trade all day in order to earn, and for some, one successful trade is enough to make excellent profits. This is a crypto market and here every time there is a different situation, therefore, each person may have their own unique situation. I already had a similar experience in cryptocurrency trading, when in one day I could spend a lot of time and earn a small amount of money, and there were days when in 10 - 30 minutes I earned 10 times more.
September 29, 2021, 04:58:04 AM
I have unique way in trading where only take few percent of profit and sell my assets, I don't waiting longer time for getting profit if bitcoin and altcoin have good price, when up only 5% I will sell and some time under 4% I sell. I use about $4000 of my fund with trading and never take profit with 20% because raise few percent only I sold.
What you are doing is trading short term, so you are playing it safe by taking small profit but sustainable. That's a pretty smart strategy, because in
the end, if the profits you make are collected, you can get a big profit too. But doing short-term trading requires good analytical skills, because you
have to monitor the market often, so as not to miss the development of the coins. If you feel comfortable with your trading strategy, please do well
and consistently. Actually, whatever strategy we use can work, most importantly we can use the strategy well. Then we don't need to be a full time
trader to be successful, as long as the trader finds a way of trading that suits him and is taken seriously, then success will come naturally.
September 29, 2021, 04:22:19 AM
I have unique way in trading where only take few percent of profit and sell my assets, I don't waiting longer time for getting profit if bitcoin and altcoin have good price, when up only 5% I will sell and some time under 4% I sell. I use about $4000 of my fund with trading and never take profit with 20% because raise few percent only I sold.
What you are doing is trading short term, so you are playing it safe by taking small profit but sustainable. That's a pretty smart strategy, because in
the end, if the profits you make are collected, you can get a big profit too. But doing short-term trading requires good analytical skills, because you
have to monitor the market often, so as not to miss the development of the coins. If you feel comfortable with your trading strategy, please do well
and consistently. Actually, whatever strategy we use can work, most importantly we can use the strategy well. Then we don't need to be a full time
trader to be successful, as long as the trader finds a way of trading that suits him and is taken seriously, then success will come naturally.
September 29, 2021, 03:54:28 AM
I have unique way in trading where only take few percent of profit and sell my assets, I don't waiting longer time for getting profit if bitcoin and altcoin have good price, when up only 5% I will sell and some time under 4% I sell. I use about $4000 of my fund with trading and never take profit with 20% because raise few percent only I sold.
September 27, 2021, 04:35:14 PM
Definitely no. I've met a lot and different types of traders with their different strategies. But, amongst them, I don't see any full time trader. They all mix trading with a whole other activities that could even be distracting. However, if you have the time to be a full time trader then give your shot at it! Just keep it in mind that being a full time trader doesn't make you successful.
September 27, 2021, 03:46:02 PM
I will say it depends on your strategy and what you are trying to achieve trading , if you were aiming for constant profit, you may need to be a technical trader. You will need to follow the trend and chart effectively to chart your course to profitable trading. If you are more medium to long term oriented, you will still need your technicalities and in addition, your fundermental skills as well!
September 27, 2021, 02:18:37 PM
Although part-time traders have short trading hours, if they can analyze correctly and have a trading strategy, they can also trade successfully and make good profits.
No question about that. What matters the most is how you perform your trade and how you set your plan to take advantages.
But after you are already good, then you can relax and just spend 3-4 hours a day max and you could still end up making a good profit, surely no matter how great you are there will be times when you lose money so do not be worried about that part, just focus on being better in the long term.
September 27, 2021, 01:20:55 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?
Well it actually depends but most full time traders find their success on it.
The problem with trading is that you dedicate your entire time speculating, observing, and analyzing the market. You rely on both external and internal factors that will affect the price of cryptocurrencies. Especially if one news breaks out (e.g. China's prohibition on crypto), those are certain indicators that would help you decide whether you should pull or add more investments in your trading profile.
Be cautious, however, since there was this article that I read that 97% of the day-traders lose their profit and the remaining 3% earn as much as a bank teller. But these are 'newbie' traders which have little-to-no experience on their trading.
September 27, 2021, 01:18:42 PM
Trading in crypto is the easiest job to do. However, all require skills and market knowledge. If we don't have skills and knowledge there is no point in wasting full time every day just to trade because losses always come quickly to us. Success is determined by mental stability and skill, not by sacrificing all our time each day. I spend the night analyzing the market and the day I do the main work.
September 27, 2021, 01:14:16 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?
Not necessarily. It’s gonna be a huge risk if you go full time in crypto trading. Most of us right here are just doing it part-time or occassionaly, depends on what kind of trader we are.
Sure, with more time one could increase their return if hits all of the above specs but you don't have to - it's all about what works for each individual.
September 27, 2021, 01:04:13 PM
A person who is successful in crypto is determined by skills and extensive knowledge of market conditions and situations, using full time every day is not a big factor to achieve success in trading or investing. It all depends on the technique with a good analysis of market conditions. There are times when we leave trading to enjoy life and complete other responsibilities.
September 27, 2021, 12:34:05 PM
If you can trade wisely by doing market analysis then you can make some income in a short time.Those who are always involved in trading are seen to be making a lot of dollars a lot of the time. There you can make a profit with one or two gates throughout the day.You do not have to sit all day to make a profit from trading. You can make a profit in a very short period of time only if you can do trading by understanding and analyzing.
September 27, 2021, 12:27:09 PM
For me, trading is not my main job. So I use half of my time to trade and the other I use to complete the main work. In fulfilling daily needs, it is very important for a trader to have another job, because we do not always get profit in trading. So when bad things happen then we also have income for daily needs.
September 27, 2021, 11:26:50 AM
Trading depends on you, if you have full time then you can earn more and can be successful and if you have less time then you will earn low, if you want to day trading if you holding your buying for 2 or 3 days then you have no required full time just buy and hold for few days and sell on profit and can be successful.
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