Topic: Don't ever quit your job to trade crypto. - page 9. (Read 2428 times)
Trading is too risky to quit ones job for with the high volatility. If it can be considered as a side hustle with very minimal risk management and money management principle that would be better. I have had of people who quit their jobs for the sake of crypto trading many made it big while some went bankrupt. I think it would be more preferred if one trades while maintaining their regular jobs
If you stick to day trading, which allows you to get a good profit, then you will not be able to combine it with work in the office. After all, no boss will like the fact that you will be busy trading, and not performing your official duties. The only exception can be only if you are the boss yourself)
Leaving your present job for crypto trading makes no single sense at all. Human beings are supposed to have stable paying jobs and also have a different avenue of making money. A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.
The world we live in now needs a diversified means of survival than depending on or forfeiting the other.
The world we live in now needs a diversified means of survival than depending on or forfeiting the other.
I agree with you. It's actually really a harsh world in here. People need to consider their decision really well and not only just impulsively jump to the crypto world without any preparation just because of hype. It's a different thing with those who actually unemployed. People who actually got a real job need to keep their real job while learning cryptocurrencies in their spare time. A real job will guarantee your life meanwhile crypto will increase your income. Make it a side job instead of main job if you can.
Never ever!
A stable source of income is a must these days in able for you to survive and believe that having a stable job will also sustain your trading activity which is good either you will win or lose in trading your life status will not be affected. I don't agree that years matter, even though you are in 10 years of being a good trader, it won't really have an effect on crypto trading not unless you have a magic that can able to see in the future, the crypto market is unpredictable and non on e knows what will be the possible price. So there's no really have guarantee.
A stable source of income is a must these days in able for you to survive and believe that having a stable job will also sustain your trading activity which is good either you will win or lose in trading your life status will not be affected. I don't agree that years matter, even though you are in 10 years of being a good trader, it won't really have an effect on crypto trading not unless you have a magic that can able to see in the future, the crypto market is unpredictable and non on e knows what will be the possible price. So there's no really have guarantee.
Good advice though, your job assures you income so you don't quit right away.
I was employed before I started crypto and I think of quitting but then I realized it was a stupid decision because I don't have enough skills to be successful in trading. As they say, slowly but surely, so that's what I did, I was just lucky that some of my holdings in the past pump and it give me enough profit to start my business outside crypto, that way I have a different source of income as we never know how our journey will end up in crypto's risky world.
I was employed before I started crypto and I think of quitting but then I realized it was a stupid decision because I don't have enough skills to be successful in trading. As they say, slowly but surely, so that's what I did, I was just lucky that some of my holdings in the past pump and it give me enough profit to start my business outside crypto, that way I have a different source of income as we never know how our journey will end up in crypto's risky world.
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Like Pamadar mentioned below you, that 5 years should already be enough unless you're not taking crypto trading seriously leading surely to eggs and zeroes. If you're still not quite comfortable within those years, then surely you had wasted your life and have not learned anything and surely sticking to your job would be really a good idea at that moment.
I haven't recalled someone quitting their job yet for crypto.
Solid 5 years of experienced will allow you to understand both up and down that's happening inside this venue of investment.
Quitting your day job is possible if you already master the right way of making money from your everyday trade. Most of those who are successful in this industry take a lot of time before they finally find the right system.
Value your day job, only decide if you see yourself making good money that can sustain 1-2 years of your daily needs, adjustments,
can be done if you have enough savings from coming from your investment profits.
Quitting your day job is possible if you already master the right way of making money from your everyday trade. Most of those who are successful in this industry take a lot of time before they finally find the right system.
Value your day job, only decide if you see yourself making good money that can sustain 1-2 years of your daily needs, adjustments,
can be done if you have enough savings from coming from your investment profits.
Emotions must be set aside while thinking or making decisions about such things. There are people who can made profit even in bear market but they are very few in numbers and have in depth knowledge about crypto trading. New commers or Amateur Investors must value there job and keep crypto trading as side option. If you play sensibly even part time crypto can give you more profit then your job.
I have seen many people wondering if they should quit their job just because they started making profits.
What they don't understand is it is not necessary that they will continuously make profits in consecutive trades.
They might even lose money in the bear market if they don't execute the right trades.
Yet they are determined to quite their job. One should never quit their job before they have 5 years of experience in trading crypto.
Also, if you are young then you can take the pressure of doing a day job while still trading crypto part time.
This will increase your sources of income which you can again use in trading.
What they don't understand is it is not necessary that they will continuously make profits in consecutive trades.
They might even lose money in the bear market if they don't execute the right trades.
Yet they are determined to quite their job. One should never quit their job before they have 5 years of experience in trading crypto.
Also, if you are young then you can take the pressure of doing a day job while still trading crypto part time.
This will increase your sources of income which you can again use in trading.
Solid 5 years of experienced will allow you to understand both up and down that's happening inside this venue of investment.
Quitting your day job is possible if you already master the right way of making money from your everyday trade. Most of those who are successful in this industry take a lot of time before they finally find the right system.
Value your day job, only decide if you see yourself making good money that can sustain 1-2 years of your daily needs, adjustments,
can be done if you have enough savings from coming from your investment profits.
I bet no one can full fill this requirement. Crypto is bullish these days and almost anyone can make profit in such circumstances, only those who get over excited because of this bull run can think of quitting the job. Relax, this bull will be over soon and bears will take over. Those who think quitting there job won't ask such question once we are in bear season.
For a professional trader, there is no difference at what stage the market is. Since in this case, the use of margin trading allows you to make a profit on both bullish and bearish markets. Last year, when there was a lockdown, for me the profit from trading for several months was the only source of income.
Seriously I believe you shouldn't have one one source of income if you are having a job then I will advise you not to quit your job for a trading and if you are a trader I will advise you to have another source where you get money from if you really want to make it in life you should have different source where you get money from. You can be a full time trader and get another job or business which will just be like part time business and if you are having a job you can make trading part time business.
Even since about 2013 I've been trading bitcoin and I've been working at a company I didn't leave that. I'm trying to run side by side. I want to keep having a lot of friends from all walks of life. Although I know the money opportunities from crypto currently exceed my salary at the company. Although I believe today Crypto traders can be used as a job and make money. But if you're a new person who knows crypto and immediately wants to give up your real job, then that's not what I recommend. Crypto has a greater risk that even your money can run out overnight. 
I have seen many people wondering if they should quit their job just because they started making profits.
What they don't understand is it is not necessary that they will continuously make profits in consecutive trades.
They might even lose money in the bear market if they don't execute the right trades.
Yet they are determined to quite their job. One should never quit their job before they have 5 years of experience in trading crypto.
Also, if you are young then you can take the pressure of doing a day job while still trading crypto part time.
This will increase your sources of income which you can again use in trading.
What they don't understand is it is not necessary that they will continuously make profits in consecutive trades.
They might even lose money in the bear market if they don't execute the right trades.
Yet they are determined to quite their job. One should never quit their job before they have 5 years of experience in trading crypto.
Also, if you are young then you can take the pressure of doing a day job while still trading crypto part time.
This will increase your sources of income which you can again use in trading.
You can consider leaving your job only if trading and investing in cryptocurrency support the needs of your family and take about the same amount of time as the main place of work. Thus, trading will cease to be a hobby for you, and in this case you should become a professional trader.
I bet no one can full fill this requirement. Crypto is bullish these days and almost anyone can make profit in such circumstances, only those who get over excited because of this bull run can think of quitting the job. Relax, this bull will be over soon and bears will take over. Those who think quitting there job won't ask such question once we are in bear season.
It does not make any sense if one quit his / her job for trading. Do not take trading as source of income because their maybe loss in trading. If planning to quit trading there must be something like business at hand that brings income always, trading is meant for financial support.
You can consider leaving your job only if trading and investing in cryptocurrency support the needs of your family and take about the same amount of time as the main place of work. Thus, trading will cease to be a hobby for you, and in this case you should become a professional trader.
I see a lot of newbies ask whether they should quit their jobs to trade crypto, and my honest advice is you should not try it.
I don't think trading is that greedy that you cannot be trading and still be doing your work.
It depends how you trade, if actually you are inquisitive or desperate in trading you will not have time to perform other duties or function provided that you are a trader, because trading require time factor which your other functions will not allow you to concentrate immensely in order to monitor your trading movement, the reason while some people lose in trading is because of not be conscious of time factor or misused of time frame, like during trading some people fall asleep and within the range of time they won't be able to detect when Market is against.
Trading on its own is always like a double side coin, whereby you could make profit or lose. But quitting your job to trade is the biggest mistake anyone could ever make. Because in life there is always a provision for a backup plan, and a job is a backup plan in case of any lose in trade.
Thank you🙏🙏
Thank you🙏🙏
If you are newbie, never do it because it will be very risky and you may lose your job and money.
If we are not newbies but we still cannot put our time and efforts maximally to trading, also don't do it.
If we cannot still have good management and also readiness, also don't do it.
If we thin that we are ready at all, with the fund management, risks, income, ad also daily activities, yeah we can do it for trading.
Actually, successful can be reached by doing whatever we want and possible for us, not to follow others, not to think or do over than what we an do. Although we need to be out of the safe zone, doesn't mean to risk ourselves highly. Moreover risking our family, except, we are all ready for that
If we are not newbies but we still cannot put our time and efforts maximally to trading, also don't do it.
If we cannot still have good management and also readiness, also don't do it.
If we thin that we are ready at all, with the fund management, risks, income, ad also daily activities, yeah we can do it for trading.
Actually, successful can be reached by doing whatever we want and possible for us, not to follow others, not to think or do over than what we an do. Although we need to be out of the safe zone, doesn't mean to risk ourselves highly. Moreover risking our family, except, we are all ready for that
I don't understand where they get the idea that that is even an option. I blame all the hype influencers that are honestly misleading people. They do more harm than good. Crypto should be treated as a social experiment and perhaps a way to boost up your home budget. Everything else is just fools gold.
Of course yes! I would not recommend quitting a job for trading, especially for beginners. The Crypto world is very risky, even businesses are risky but at least it is easier to have a stable income from a physical business than trading. Though there are some people who are earning only from trading, most of them have joined crypto years back! So they know everything about crypto and they are always ready to take the risk.
Not everyday is Sunday, crypto is bullish and majority of people these days are in profit but this bullish season wont last forever. Market has to take correction after such a massive bull run that may last for weeks or months. IMO best strategy in crypto trading is to HODL i.e. buy at low and hold till you get your target price. If you are a HODLER then you don't need to see market all the time nor you need to quit your job. Its really that simple.
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