How do manage portfolio efficiently while having a full time job?

darkphoenix2610

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Quote from: tbterryboy on January 30, 2020, 11:42:33 AM

I also have a job and my Bitcoin Investment is usually on a long term. I use different wallets because I am not the type that likes relying only on one wallet due to lack of trust. But when it comes giving notifications on prices, Coinbase wallet app does the job perfectly for me.

I check in only when I have the time, the notifications from the app usually helps me know where the price of the assets I bought are really heading. And I also like the fact that my phone has a pretty good lock screen notification display, so whenever I get the notification from the app it just pops up and I look at it and continue the work I’m doing.

It's also good to rely on the site who's providing reliable and accurate data. Try a search for cryptodotco on twitter and start using that as an alternative data tracker. It's just new but you can depend on their sources as well.

TrevorS

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If you need to effectively manage your portfolio while having a full eight-hour job, then everything will depend on your goals. Surely when you purchased the coins, you had some idea what will happen to these coins in the future. At least you had the hope that they would increase in price over a certain period of time. I understand that you are not going to engage in trading, which means it greatly simplifies your situation.
All you need is to have a good application and having information access to all your assets. In the application, you can set universal notifications that will help you control the price movement of your assets.
Management does not end there because projects have the ability to change the rule in their work, in structure, and so on.
Therefore, you must subscribe and join all the social networks of your projects and also set up notifications for the newsletter in order to know exactly what is happening with the project.

Moshaid

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It's actually a tough one for full time job personnel to be an active cryptocurrency trader, it's a scale which can't be balanced because some days one gets engaged with lot of office activities while other days one gets worned out from office work, though there are some days which one might be free to do some trading activities but to catch up with the market signals it's advisable to focus on the market alone and leave work on the other side and the best option for this is to be a weekend trader. Whereby you're free from office work. Most successful traders actually makes cryptocurrency trading their daily job with no disturbance of work or any issues.

Aiseeyouu55

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Quote from: waynechong1995 on October 20, 2017, 11:31:19 PM

By having a weekday 9-5 job, i must say my eyes aren't that keen anymore for trends and hardly made any good decision on buying/selling alts. Basically what i did is:

Weekdays: Coinalarm app to observe my portfolio real time but it's far less efficient and responsive to market movement, Slack and Telegram app are linked as well but still is very difficult to process insightful information while in working mood.

Weekends: More active than usual but time is limited Undecided

Any opinions or suggestion to improve my current situation?

Thanks in advance and sorry for bad english Sad

I am not working on a job yet but i can relate to your schedule being a student because i also go to school for almost 8-8 pm and that kinda sucks because almost all my time was being rendered into my studies. But we all know that it is good to study well but in this game we need to be aware from time to time from what is happening to our alts we need to stay updated.
This is what i actually do when i have a hectic schedule, i always set a reminder to my phone on when to check my alts usually in school they are not that strict when it becomes on using a phone but of course when you are in a serious scenarios you aren't be able to use it but most of the time i go out and go tk the bathroom then check whats going on to the cryptocurrency that I'm on to.

Twilight_Wolf

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Quote from: waynechong1995 on October 20, 2017, 11:31:19 PM

Any opinions or suggestion to improve my current situation?

For me, it's impossible to improve if the time is limited

deisik

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Quote from: ser7878 on February 25, 2020, 08:10:13 AM

Quote from: imstillthebest on February 25, 2020, 03:33:14 AM

you mean 9 to 5 hours of job per day ? what kind of job was that , a typical job is only 6 to hours max and the rest are only be overtime or you must be doing alot of overtimes ? well if this is your work schedule you are always tired and cant do any sideline jobs . i believe you are already earning alot so there is no need for you to work for more . if you really love crypto then you should swap it over your current job . i know and you know its unstable but to the person that has a passion on something , he will find a way to improve his craft .

Unfortunately, in many of unsuccessful countries typical working schedule is 9 working hours, 5 days a week.
That's sad, but the one who got this schedule would want to escape it asap (for instance with crypto's help)

I like your choice of words ("unsuccessful countries")

The truth is a standard working week around the globe is more like 40 hours, which typically matches a working day often abbreviated as 8-17 or 9-18 (with a one-hour lunch break) and weekends as rest days. With that said:

Quote

The standard working week in the United States begins on Monday and ends on Friday, 40 hours per week, with Saturday and Sunday being weekend days. However, in practice, only 42% of employees work 40-hour weeks. The average workweek for full-time employees is 47 hours

Taken from here. So, should we consider the US as a failed (unsuccessful) country?

Jeremy Franklin

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Quote from: imstillthebest on February 25, 2020, 03:33:14 AM

you mean 9 to 5 hours of job per day ? what kind of job was that , a typical job is only 6 to hours max and the rest are only be overtime or you must be doing alot of overtimes ? well if this is your work schedule you are always tired and cant do any sideline jobs . i believe you are already earning alot so there is no need for you to work for more . if you really love crypto then you should swap it over your current job . i know and you know its unstable but to the person that has a passion on something , he will find a way to improve his craft .

Do in which field you are working in, lol. A regular job in most developed countries is at least 8 hours a day. Most people are taking way longer shifts.

@OP just reduce your portfolio to fewer coins, so you can keep track of all of them. There is no point having 20 coins in your portfolio, if you don't have time to check them anyway. Focus on Bitcoin and the other top20 projects. It is easy to gather all necessary information there.

ser7878

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Quote from: imstillthebest on February 25, 2020, 03:33:14 AM

you mean 9 to 5 hours of job per day ? what kind of job was that , a typical job is only 6 to hours max and the rest are only be overtime or you must be doing alot of overtimes ? well if this is your work schedule you are always tired and cant do any sideline jobs . i believe you are already earning alot so there is no need for you to work for more . if you really love crypto then you should swap it over your current job . i know and you know its unstable but to the person that has a passion on something , he will find a way to improve his craft .

Unfortunately, in many of unsuccessful countries typical working schedule is 9 working hours, 5 days a week.
That's sad, but the one who got this schedule would want to escape it asap (for instance with crypto's help)

imstillthebest

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you mean 9 to 5 hours of job per day ? what kind of job was that , a typical job is only 6 to hours max and the rest are only be overtime or you must be doing alot of overtimes ? well if this is your work schedule you are always tired and cant do any sideline jobs . i believe you are already earning alot so there is no need for you to work for more . if you really love crypto then you should swap it over your current job . i know and you know its unstable but to the person that has a passion on something , he will find a way to improve his craft .

Money_Wizard

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I think that 9 out of 10 people have the same situation as you. You just need to prioritize. If you get too tired of your work, you can exchange it for easier work. If you cannot do this because it is important for you to get the stable salary that you have now, then this is your choice. Then you will have to adapt to such a regime. When I have the same situations in my life as yours, then I'm motivated by the stories of those people who have achieved success in their field. These people didn't know any special easy conditions, they simply aspired to their goal no matter what.

Sanugarid

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Quote from: KnightElite on February 12, 2020, 03:20:18 AM

Quote from: hahay on February 11, 2020, 05:26:51 PM

I'm not sure about that because when you first made the choice of several cryptos and the project that was invested at least you have research so you have a portfolio there, so you can have a target when the right time to go back and check what happened and me do not feel the need to check it every day because early research that will make you manage it more simply but with the ultimate goal which of course is accompanied by good confidence.

Confidence is a matter but it is not enough to earn profit while having full time job. We should know what we are doing, we should be aware to the cryptocurrencies that have potential in the market. For those who have full time job, invest in cryptocurrencies where its market is an uptrend. The price moves in trends and we should not buy cryptos that are downtrend because 100% sure that it will go down more.

Absolutely, the important thing is that you have a solid portfolio that you do not need to check it everytime. The thing is that you should have back up plans if something has changed on the market that will affect your profit.

Quote from: akram143 on February 19, 2020, 12:15:01 PM

Quote from: Omega Weapon on February 15, 2020, 04:09:51 PM

Quote from: akram143 on February 13, 2020, 05:46:04 AM

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes.

Even with a single coin and stable coin pair you can keep your day busy all the time so it all depends on how we much margin we set to reach by trading.

It is also depending if you are doing long time holding or day trading because the portfolio is different depends on those two. As long as your profit is secured, even if you are not checking it everytime, it is good.

hahay

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Quote from: akram143 on February 19, 2020, 12:15:01 PM

Quote from: Omega Weapon on February 15, 2020, 04:09:51 PM

Quote from: akram143 on February 13, 2020, 05:46:04 AM

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes.

Even with a single coin and stable coin pair you can keep your day busy all the time so it all depends on how we much margin we set to reach by trading.

Orders for stop loss and profit can be adjusted there and that way we can still spend a lot of time for full time job, trading and managing a portfolio basically can still be done well if you have enough skills. Anyway, checking can be done whenever you have free time, it is just to make sure if your portfolio is maintained and we don't need to trade every time because it will only have a negative impact on your own portfolio.

akram143

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Quote from: Omega Weapon on February 15, 2020, 04:09:51 PM

Quote from: akram143 on February 13, 2020, 05:46:04 AM

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes.

Even with a single coin and stable coin pair you can keep your day busy all the time so it all depends on how we much margin we set to reach by trading.

strunberg

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Quote from: bearexin on February 15, 2020, 12:42:23 PM

If you really want to have a full time job and not spend too much time on crypto, the best case is probably just using a bot or a system that allows you to rebalance your portfolio to whatever you want. Nowadays people are even building stuff like social media trading where you basically follow someones buys and sells and do exactly the same, if you follow people at evenings a bit and then do what they do, you may spend a little less time on rebalancing as well.

I personally think that it is quite understandable for a person with a full time job to just buy the top coins and just let it sit on their wallet for a long time, that way you are not really a "trader" but at least you are an investor who might happen to make some profits thanks to long term investing.

copy trading from social media trading in my opinion was not recommended. many of them have no history that proved as good trader. we must know their trading history before they join in social media copy trade. since many platform provide this feature, many traders stop improving their own trading skill. bot trading or copy trade didnt make us as profesional trader that able face any condition in crypto market. although we have full job, atleast we must spend one or two hours to learn about trading skill.

Omega Weapon

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Quote from: akram143 on February 13, 2020, 05:46:04 AM

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes.

spike420211

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Quote from: ?? on ??

The best thing you can do is just stick to invest without too much of trading activities. Trading requires lot of time in the market as it is very volatile. And just invest with the top coins 5 or 10 coins maximum by this you can get the information about those coins very easily without spending much time and easy to track these when compared to other mid-cap coins.

You are right, trading is a science and a real job. Any trainer will tell you this. Therefore, the less you trade, the better your results will be.
Therefore, always try to minimize your activity as part of cryptocurrency investment activities.
Invest everything in a series of coins, set reminders and notifications on the movement of their prices, follow the charts and analytics so as not to miss out at the right time.

bearexin

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If you really want to have a full time job and not spend too much time on crypto, the best case is probably just using a bot or a system that allows you to rebalance your portfolio to whatever you want. Nowadays people are even building stuff like social media trading where you basically follow someones buys and sells and do exactly the same, if you follow people at evenings a bit and then do what they do, you may spend a little less time on rebalancing as well.

I personally think that it is quite understandable for a person with a full time job to just buy the top coins and just let it sit on their wallet for a long time, that way you are not really a "trader" but at least you are an investor who might happen to make some profits thanks to long term investing.

Janation

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This is hard.

I think it is better if you will just be focussing on good cryptocurrencies you can invest in. If you want to really diversify your portfolio, you can download an app that can show you each price changes in what you put in your portfolio. Though you can check all those prices, you might miss the good changes where you can do your trades.

spike420211

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Quote from: julius caesar on February 13, 2020, 01:16:27 AM

There are some application out there that lets you check the current price of a specific coin in just one click. It will help you a lot to decide what coin you should avail or invest. It will also help you to predict the next price movement of that coin that will for surely gonna help you in your trading career. You can try to check the blockfolio app. That is good for monitoring cryptocurrency market price movement.

The functionality you listed looks fantastic. I do not know any application that could boast that thanks to it someone could choose which coin to invest in.
Even a block folio has an exclusively informational nature. To understand what you really want to invest in, you need to study several projects, assume their future profitability, and only then make decisions.
I don’t think that any of the applications created at the moment can greatly facilitate your task.

akram143

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Quote from: Gheka on February 13, 2020, 09:29:57 AM

Quote from: akram143 on February 13, 2020, 05:46:04 AM

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Bots can help us be more flexible in the market even when we work but the cost is often quite high, sometimes it is not a reliable subject, if we don't spend our time checking bots, bots are most likely turned into tools to ruin our assets, discourage those who are busy investing in these tools. Returning to management and working effectively, although the market does not require us to observe often but as soon as we place a buy or sell order, we need to take responsibility for it and therefore should not bring trading into the main job and vice versa, allocate separate time frames for both

We can make money easily by doing crypto trading in matter of minutes which takes 7 to 8 hour in a day job but crypto earnings are not constant and highly risky but in a day job some kind of assurance to make constant cash flow for near future.So avoiding trading while working can be good idea but if you are having lot of savings already and have some other passive income then better be a full time trader is the smart choice.

Topic: How do manage portfolio efficiently while having a full time job? (Read 3224 times)