Topic: Does a trader needs to be a full time trader to be successful? - page 7. (Read 1096 times)
September 16, 2021, 09:29:33 PM
I am not a full-time trader, I have daily work, and investing in cryptocurrency is my side business. I am used to researching the market after dinner at night. I admire people who are full-time crypto investors who can always sit by their computers and keep an eye on the market. Everyone can choose to be full-time or as a side job. Because cryptocurrency can indeed bring great profits to people.
September 16, 2021, 06:56:50 PM
I don't think a person needs to trade full time to be a successful trader.If you have a good idea about trading, it is enough to do one or two trades throughout your day. So I think for a person to learn trading successfully, he has to do market analysis. And only by doing market analysis can he get a good idea and he can be considered as a successful trader.
Well, i don't consider being a part time trader may not be profitable and that only full time traders are. Full timer traders have all their chances to learn more in the market so they can acquire more profits. But its never on the time actually because its more on the trading skills that a trader is able to develop. So even if you trade for a short time, you will still be able to succeed and make a decent income because you have your own special strategies in trading.And being a full time trader without any other source of income is very risky. But if given a chance, of course i will choose to be a full time trader because the profits are definitely huge that can create a big change in our lives once the funds is well managed. Losses are always inevitable but if you are a good trader, then you will be able to overcome losses most of the time.
September 16, 2021, 02:45:20 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 want to be a scalper or a day trader then obviously you have to trade almost full-time without any excuses, especially with 24-hour markets, you won't be able to find peace in anything else so eventually would stuck up all your time with the markets, but if you are a swing trader or a positional trader than obviously, things are different for you. You just buy some portion of a coin at a price then wait for it to go up as per your setup or you try to dollar cost average your position and try to hit the expected target, This way you can enjoy all other things in your life peacefully and at the same time, grow your money a bit slowly but at minimal risk. 
September 16, 2021, 12:58:56 PM
I don't think a person needs to trade full time to be a successful trader.If you have a good idea about trading, it is enough to do one or two trades throughout your day. So I think for a person to learn trading successfully, he has to do market analysis. And only by doing market analysis can he get a good idea and he can be considered as a successful trader.
September 16, 2021, 11:55:02 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?
No, the truth is that what should be taken into account for this is the trading style that you have, if you are a short-term trader, obviously you have to be attentive to the chart you are trading all day, but if you are a Trader in the medium and long term, everything changes, the reason is simple, you only put your buy and sell orders until they are executed, the use of Stop Loss and "Take Profit" is infallible, and you only take profit or assume the loss, but you enjoy your life, moments that you need to spend with your loved ones, among other things.There are platforms that allow trading by placing the "Stop Loss" and "Take profit" at the same time, this gives the security and confidence that the orders are safe.
September 16, 2021, 11:09:36 AM
full time trading is less profitable than long term hodling, I believe.
In some way, especially if you are holding a good coin, holding is for a long term big income while trading is such a daily income.In the long term, the probability of you losing more money day trading than hodling is much much higher. Daytrading is not worth it, at least for me. One wrong move and you lose all the profit you made over weeks in 1 trade....
September 15, 2021, 08:56:23 PM
Yes and No. Depends on what type of trader the person is and how long the interval between the trades, but the most important thing trader should be have a lot of trading knowledge before trading and followed by experience.
Scalping day traders maybe should be a full time traders because they have to make profit within a day every day, so it's quite hard if they are just a part time traders.
But a long time interval traders ( more like investors ) are usually just enter the market when they already have done a deep research about the coin that they want to hold for a long time.
Scalping day traders maybe should be a full time traders because they have to make profit within a day every day, so it's quite hard if they are just a part time traders.
But a long time interval traders ( more like investors ) are usually just enter the market when they already have done a deep research about the coin that they want to hold for a long time.
September 15, 2021, 06:25:29 PM
there is no guarantee that traders who work full time will succeed and traders who are not full time will fail. it all depends on what is done, if we trade full time and instead make us rush and not be careful then it will actually be detrimental. so it's only natural in trading and learning to analyze the market so that we can decide the right time to trade so that we can get a profit. so it all depends on our attitude and also our efforts in trading, prudence and also patience are important things.
September 15, 2021, 04:34:52 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?
Daily trading requires full immersion in the market, which includes monitoring the news and prices of the main coins throughout the day. If you do not have the opportunity to spend your working day in front of the terminal, you should focus your efforts on long-term trading, which usually brings more profit for beginners.
September 15, 2021, 04:15:16 PM
You don't have to because there's a lot of different time frame in trading, and you'll only become more successful if you start trading based on your own timeline and having the right knowledge about trading, can make you profitable as well.
I have a lot of friends who trades full time and most of them goes back from working because trading can't sustain your daily needs because the profit here is not guaranteed not unless you don't need much money everyday then you can really afford to take such risk.
It is not about which time zone you are in, but the more time you spend there are more chances to earn some money that can't be disregarded. I am not saying you should be on 24 hours a day to make money, you can make money in 30 minutes as well.I have a lot of friends who trades full time and most of them goes back from working because trading can't sustain your daily needs because the profit here is not guaranteed not unless you don't need much money everyday then you can really afford to take such risk.
Let's say your aim is to reach 100 bucks a day earned from trading, and you ended up managing to make 100 bucks in one hour, if you close it and go live your life you will probably be happier, that's a good way to spend your time. However if you end up spending time to earn even more, then you could even have more days left in the future, why stop at 100 bucks in one hour even if it s your goal, make 1000 dollars in 10 hours if you can or if you fail at least you tried. This is why spending time is not a must but it is certainly something traders consider when they are working on getting some profits.
But being a full timer trader too has definitely a high risk too because you can't guarantee sure profits all the time even how good or skilled you are. This is the reason why other traders prefer as part time than to focus on trading full time.
September 15, 2021, 03:51:58 PM
As trader wish. If trader have time, desire and possibility to trade 24/7 then why not? Sure it’s not the key to success. The key to success is knowledge, trading skills and luckiness of a trader. However today trader doesn’t really need to sit every moment near the comp. Crypto markets provide traders with cool mobile apps, where trader can do everything the same that near comp: to watch everything he needs, to put or deny limit orders, to send assets, to make crypto deposits, to set alerts, etc. There are a huge amount of functions. So using such app trader is no longer attached to his comp. and always aware of what is happening with his assets.
September 15, 2021, 12:55:52 PM
The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.
I don't think that it's a good solution giving our trades to Bots, what can we learn if instant using Bots? do have income, but as traders they prefer manual over their assets to trade on their own. I am not a day trader or even a short term trader. Because having free time just trading it will consume my offline working time.
Its just impossible to out-trade the bots. If you make a bad trade and back out, you will lose more than you made last time
I already said above that unfortunately I don't use any bots for trading. I am only a holder of For Bitcoin, as for altcoins as an alternative that I use, but it does not involve bots to sell altcoins with other deeds, I still manually trade. With a clearly different risk then of course I prefer to control it according to my wishes. If it's not trading today, I'm not too worried.
September 15, 2021, 11:54:26 AM
The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.
I don't think that it's a good solution giving our trades to Bots, what can we learn if instant using Bots? do have income, but as traders they prefer manual over their assets to trade on their own. I am not a day trader or even a short term trader. Because having free time just trading it will consume my offline working time.
Its just impossible to out-trade the bots. If you make a bad trade and back out, you will lose more than you made last time
September 15, 2021, 10:01:59 AM
Bots are for automation which basically means that you do still need to set it up according into your own preference unless if it is already pre-setup then you wont need to touch something but at least you do know
on what it do basically functions and you must be aware of that.
I dont see the bad sides of using it as long you do know on what you are doing and its part of the tools since not all the times we are in front of our pc which simply means that these bots are quite
relevant and useful.
You dont need to be a full time trader to be successful because even long term trades could really lead you into that.
You are right, covering technology with crypto trading then has provided a trading bot and that gives us the leeway to let the bot work. we just wait for the results and let the income or profits flow according to what we have targeted.
doesn't that mean? Indeed, we must use bot trading to help when we are at sea and don't have time to trade daily. So far I've never tried it, because I'm just the type of holder, (buy, withdraw and hold) do not really care about the price increase, or decrease in the near term. It doesn't matter how the market is, because the coins I bought were priced 2 years ago. So I have been taking profit even when the market price dropped yesterday. The holder benefits from this.
September 15, 2021, 09:41:39 AM
You don't have to be full time. Part time is enough to make a profit. You only need to take advantage of buy orders and sell orders. Do it over and over again. For example buy at -5%, and place sell orders +5% of the purchase price, if the market reaches your order will automatically be completed and profit will be earned.
The fact is that profit does not come from the time that we contribute, profit in trading is not generated in every minute and every hour, it depends on the volume of buy orders and pressure of sell orders and the general intention of the crowd, these correlations will have a suitable crossover point and by just being aware of this point, the trader has more than half of the success. The next half of success will be strategy, full-time is just a guard duty and doesn't mean much while the current design already has automated software for that. 
September 14, 2021, 04:29:09 PM
You don't have to because there's a lot of different time frame in trading, and you'll only become more successful if you start trading based on your own timeline and having the right knowledge about trading, can make you profitable as well.
I have a lot of friends who trades full time and most of them goes back from working because trading can't sustain your daily needs because the profit here is not guaranteed not unless you don't need much money everyday then you can really afford to take such risk.
It is not about which time zone you are in, but the more time you spend there are more chances to earn some money that can't be disregarded. I am not saying you should be on 24 hours a day to make money, you can make money in 30 minutes as well.I have a lot of friends who trades full time and most of them goes back from working because trading can't sustain your daily needs because the profit here is not guaranteed not unless you don't need much money everyday then you can really afford to take such risk.
Let's say your aim is to reach 100 bucks a day earned from trading, and you ended up managing to make 100 bucks in one hour, if you close it and go live your life you will probably be happier, that's a good way to spend your time. However if you end up spending time to earn even more, then you could even have more days left in the future, why stop at 100 bucks in one hour even if it s your goal, make 1000 dollars in 10 hours if you can or if you fail at least you tried. This is why spending time is not a must but it is certainly something traders consider when they are working on getting some profits.
September 14, 2021, 03:25:09 PM
The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.
I don't think that it's a good solution giving our trades to Bots, what can we learn if instant using Bots? do have income, but as traders they prefer manual over their assets to trade on their own. I am not a day trader or even a short term trader. Because having free time just trading it will consume my offline working time.
Then you mean gambling, maybe it doesn't apply to our trading. Are you talking about trading on a Binomo platform? I really don't like it, because according to what you say it's not trading but rather a gambling system.
on what it do basically functions and you must be aware of that.
I dont see the bad sides of using it as long you do know on what you are doing and its part of the tools since not all the times we are in front of our pc which simply means that these bots are quite
relevant and useful.
You dont need to be a full time trader to be successful because even long term trades could really lead you into that.
September 14, 2021, 01:57:57 PM
The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.
I don't think that it's a good solution giving our trades to Bots, what can we learn if instant using Bots? do have income, but as traders they prefer manual over their assets to trade on their own. I am not a day trader or even a short term trader. Because having free time just trading it will consume my offline working time.
Then you mean gambling, maybe it doesn't apply to our trading. Are you talking about trading on a Binomo platform? I really don't like it, because according to what you say it's not trading but rather a gambling system.
September 14, 2021, 12:23:22 PM
full time trading is less profitable than long term hodling, I believe.
I think it depends on the trader, even a few part-time traders can be profitable and have a sustainable income. Indeed, for us the choice of holding is not to be on the market for hours on end. So day trading traders interact more with the market and price movements. Not even a few of them deliberately learn specifically just to master trading in trading.
The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.
September 14, 2021, 12:11:35 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 do trading all the time in a day then it falls under day trading, based on statistics not much people were successful by doing day trading in long term whether they are doing it part time or full time this is enough to justify that we no need to be a trader everyday but you can be a full time trader by working only 4 hours a day once you made enough money.First of all, everyone should trade and treat it as part time, once you know the strategies you can make money with less effort.
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