How do manage portfolio efficiently while having a full time job? - page 4.

Boov

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Quote from: drlukacs on January 08, 2020, 10:53:41 PM

Quote from: waynechong1995 on October 21, 2017, 12:31:19 AM

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

Even if there is any app that supports you, you will not be good at it. how can you focus on managing your portfolio when you are doing another job? Our brains only function well and make the right decisions when we are fully focused on one thing and as alert as possible. I used to work full time and also trade like you but really it was very influential. We get tired and stressed early, so it's best to do one job at a time. Or we can determine the value of a coin bought and hold it for a long time, we will not be affected too much.

Trading and your full time job can be possible to do when it comes to multitasking. Your time should be balanced if you really wanted to do trading while doing your full time job like for example during the office hours, you're doing your job inside the office and then during the lunch brdak and coffee break you can post or trade for a while and then if the break time ends, you go back to your work and finish trading at home.

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Quote from: waynechong1995 on October 21, 2017, 12:31:19 AM

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

Even if there is any app that supports you, you will not be good at it. how can you focus on managing your portfolio when you are doing another job? Our brains only function well and make the right decisions when we are fully focused on one thing and as alert as possible. I used to work full time and also trade like you but really it was very influential. We get tired and stressed early, so it's best to do one job at a time. Or we can determine the value of a coin bought and hold it for a long time, we will not be affected too much.

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Quote from: radjie on January 08, 2020, 01:27:15 PM

Quote from: meliodas on December 30, 2019, 09:10:51 PM

Quote from: oktana on December 30, 2019, 08:26:00 PM

Quote from: Colt81 on December 30, 2019, 12:45:19 PM

At first, it is hard to manage your portfolio efficiently while having a full time job because i don't know where to focus, that is why i started to train myself to manage my time at work and in my trading. So i decided to trade for a long term that i don't need to check it daily, only for weekly or monthly for me to have a focus on my real time job.

Need to set stop limits so you can adjust assets automatically.

actually it can still run smoothly if it is always progressively monitoring the daily candle, but our main work is indeed consuming a lot of attention. I can always make time every night, but often it's still not optimal because of fatigue. maybe it's time to consider using a trading bot service.

In my opinion, it is still better to do trading manually because it will help you a lot to grow into a better trader. If you really want to make money through trading then you will always have motivation to work even you are tired from work. You should keep hustling until you get what you want. Learn to budget your time so you can still have time to rest to be productive for the next day.

indeed it is difficult to divide time in day trading when we work, in addition to not having full control in trading the focus on permanent work that he does can also be disrupted. choosing long-term trading is the only way that both can be done and can be more calm not to disturb the regular work that must be done every day

It's hard to keep the balance between full time job and trading. It's always that other one that distracts you and if you are not commited fully you will not have good results in neither of them. So if you don't have intention to quit your daily job or get fired it's better that you choose type of trading that is not so demanding on.a daily basis.
I agree that long term trading could be solution but you will also need to count on lower profit.

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Quote from: crossabdd on January 06, 2020, 06:19:24 PM

my experience when working full time and limited observing the crypto market is to use free time on the job to trade. my work has 12 hours of work. but more time to standby. if you have intense hours of work. maybe you can use an app like a TABTRADER/zTrader. which application has an alarm for notifications of an executed order or a price tag that we want. so we don't need to check our portfolio all the time. order our portfolio, set alarms, and let the app work. Open when there is an incoming notification. and execute.

Using an app is somewhat beneficial yet this would only alert you if a certain price been hit up which it doesnt need for you to be active or need to check from time to time.I also tried tried this up and its convenient and stress free.Checking would be usually if you do have a vacant time and as you said where standby time will vary on what kind of job you do have on and if you do have that busy type of work then most likely you cant have the chance on checking it out but getting your phone into your pocket doesnt really cost much time and anytime there are alerts then you already knew on whats happening.

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Quote from: meliodas on December 30, 2019, 09:10:51 PM

Quote from: oktana on December 30, 2019, 08:26:00 PM

Quote from: Colt81 on December 30, 2019, 12:45:19 PM

At first, it is hard to manage your portfolio efficiently while having a full time job because i don't know where to focus, that is why i started to train myself to manage my time at work and in my trading. So i decided to trade for a long term that i don't need to check it daily, only for weekly or monthly for me to have a focus on my real time job.

Need to set stop limits so you can adjust assets automatically.

actually it can still run smoothly if it is always progressively monitoring the daily candle, but our main work is indeed consuming a lot of attention. I can always make time every night, but often it's still not optimal because of fatigue. maybe it's time to consider using a trading bot service.

In my opinion, it is still better to do trading manually because it will help you a lot to grow into a better trader. If you really want to make money through trading then you will always have motivation to work even you are tired from work. You should keep hustling until you get what you want. Learn to budget your time so you can still have time to rest to be productive for the next day.

indeed it is difficult to divide time in day trading when we work, in addition to not having full control in trading the focus on permanent work that he does can also be disrupted. choosing long-term trading is the only way that both can be done and can be more calm not to disturb the regular work that must be done every day

crossabdd

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my experience when working full time and limited observing the crypto market is to use free time on the job to trade. my work has 12 hours of work. but more time to standby. if you have intense hours of work. maybe you can use an app like a TABTRADER/zTrader. which application has an alarm for notifications of an executed order or a price tag that we want. so we don't need to check our portfolio all the time. order our portfolio, set alarms, and let the app work. Open when there is an incoming notification. and execute.

qiwoman2

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I only hold Bitcoin and stablecoins and one coin I have a decent bag of which I trade. I just check the market once a day for the coin I trade and on my days off, I might do some scalping. Otherwise, I am primarily swing trading and growing more Bitcoin as well as more of this coin, so I can trade an even bigger bag every month. This way I can win bigger even on smaller percentages and spreads, thus earning more and more each month, over and on top of my monthly basic salary. I do like to trade though now, as opposed to just hodling.

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The company has been going on for quite some time, and if you believe the manager, it will go at least until the end of January, because according to him the yobit paid him another month of work.
In fact, the question of when the company will end worries many, but so far it will be profitable for the yobit to advertise on the Bitcoin market.

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Quote from: EdvinZ on January 06, 2020, 04:38:39 AM

If you are simply investing in cryptocurrency for the medium or long term, you can check asset prices and the state of your investment portfolio every few days. I don't see any problem with that. But if you want to combine day trading with normal offline work, you will not succeed, because day trading involves being at the computer for several hours a day.

I agree with that. Day trading is not for the people who have a regular job because it is so risky since you are betting a big capital for quick bucks in a day. In just a few minutes of being inactive from the market, you can lose a lot of money. Better focus on long term investing which will give you decent profit with lower risk and less effort required.

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If you are simply investing in cryptocurrency for the medium or long term, you can check asset prices and the state of your investment portfolio every few days. I don't see any problem with that. But if you want to combine day trading with normal offline work, you will not succeed, because day trading involves being at the computer for several hours a day.

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Full online traders collect assets as often as possible from the percentage of 1% profit earned many times, but in the end it still aims for the same total percentage, for example 10%. If we don't have time for that, then we can set the same total in one order that can be checked 1-2 times, but with conditions where we have to know the trends that occur and be analyzed according to the daily chart.

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if you have a full time job, you can not follow the market every minute. so it is very riskly to try daily trades in this case. you can have a look for long term projects and try to invest in them. But still it is better to use stop limit not to loose so much.

Boov

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Quote from: redsun114 on January 04, 2020, 01:38:39 PM

If you have a good job and you’re getting paid enough why not just focus on your job and use bitcoin as an investment?

You can just invest your money in Bitcoin and any other altcoins of your choice and then hold it for a long time and when the prices goes up you will start making profit. Ethereum has been performing good recently and that includes Bitcoin, both of them had increase today and BTC was the best performing asset as of 2019, so investing in them as a long term will benefit.

If you still want to be day trading , then that’s your choice, but it takes a lot of work and study to become good at day trading.

Very well said mate. What you have stated is correct. For me if you have a full time job and you still want to continue trading because you enjoyed trading here in the crypto world. You should manage your time like for example you will go to your work in the morning while in the evening you will continue your trading before you sleep just like that because that's what I am doing right now. I want my full time job but I also want my trading life here thats why I am balancing my time to do this 2 particular task everyday.

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If you have a good job and you’re getting paid enough why not just focus on your job and use bitcoin as an investment?

You can just invest your money in Bitcoin and any other altcoins of your choice and then hold it for a long time and when the prices goes up you will start making profit. Ethereum has been performing good recently and that includes Bitcoin, both of them had increase today and BTC was the best performing asset as of 2019, so investing in them as a long term will benefit.

If you still want to be day trading , then that’s your choice, but it takes a lot of work and study to become good at day trading.

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Quote from: Colt81 on December 30, 2019, 12:45:19 PM

At first, it is hard to manage your portfolio efficiently while having a full time job because i don't know where to focus, that is why i started to train myself to manage my time at work and in my trading. So i decided to trade for a long term that i don't need to check it daily, only for weekly or monthly for me to have a focus on my real time job.

I'm still a college student but right now I also have some difficulties when it comes to my portfolio. Twice or thrice a week I open my portfolio and I will just look at it if there is a loss of income. I also and always invest in a cryptocurrency that good in long term investment so I will not check my portfolio every time. Aside from I can focus on my study, I can also manage and maintain my portfolio.

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Quote from: waynechong1995 on October 21, 2017, 12:31:19 AM

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

Then you need to set up a time management so that you can continue trading in a time that suitable for you, like me I don't have much time to trade because of work hours and if I have a little time I much like to sleep rather than finding a altcoins to invest or trade but if you are dedicated on doing it you will find a way and make a management by yourself and balance all what you can do so you can earn profit even your schedule if full.

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Quote from: Ayiranorea on January 03, 2020, 01:44:59 PM

Every exchange supports all platforms. This gives anywhere access to the exchange on the go without much complications through the mobile. This helps in going through the holdings and managing the portfolio in a much efficient way. All that required is to add all available cryptocurrencies to the list. With the varying market the portfolio value will also vary. Going through this we can easily make changes to the portfolio than making hand calculations.

There are trading platform that is really useful where you can have convenient trade. There are traders who cannot manage their trades because they are using platform that have less features. I have a full time job like you and I use trading platform that have automatic cut loss where I do not worry even if the price of the coin that I have is goes down.

Ayiranorea

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Every exchange supports all platforms. This gives anywhere access to the exchange on the go without much complications through the mobile. This helps in going through the holdings and managing the portfolio in a much efficient way. All that required is to add all available cryptocurrencies to the list. With the varying market the portfolio value will also vary. Going through this we can easily make changes to the portfolio than making hand calculations.

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Quote from: huige007 on December 12, 2019, 03:08:23 PM

Quote from: BellIcon on December 10, 2019, 11:03:00 PM

I just got myself a new laptop, thinking that it would be a good investment if I carry it around work, so during the down time I can come here. Keep me more active in the crypto world.

This is the key to make good money in the crypto market. the more you spend time in the market, the more you learn about it and the more knowledge you have the more chances you have of buying right crypto currency on right time and selling it off when the rates are high to secure decent profit. If your laptop is not big in size, then do carry it with you during work and when you are free, visit your profile.

Unfortunately my strategy hasn't been working too well. I need to step up my game.

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Quote from: oktana on December 30, 2019, 08:26:00 PM

Quote from: Colt81 on December 30, 2019, 12:45:19 PM

At first, it is hard to manage your portfolio efficiently while having a full time job because i don't know where to focus, that is why i started to train myself to manage my time at work and in my trading. So i decided to trade for a long term that i don't need to check it daily, only for weekly or monthly for me to have a focus on my real time job.

Need to set stop limits so you can adjust assets automatically.

actually it can still run smoothly if it is always progressively monitoring the daily candle, but our main work is indeed consuming a lot of attention. I can always make time every night, but often it's still not optimal because of fatigue. maybe it's time to consider using a trading bot service.

In my opinion, it is still better to do trading manually because it will help you a lot to grow into a better trader. If you really want to make money through trading then you will always have motivation to work even you are tired from work. You should keep hustling until you get what you want. Learn to budget your time so you can still have time to rest to be productive for the next day.

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