How do manage portfolio efficiently while having a full time job? - page 5.

oktana

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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.

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.

btccashacc

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Quote from: abeecrypto on December 30, 2019, 03:30:54 PM

It depends on the work you do.

Nevertheless, long term investment would be best for you.

If your job gives free time between 9-5, you could use it to manage your portfolio. Like, you can be using your portable device to do that.

Your evenings too are also good times to harness.

You’ve got to sit down and think about the free time you do have in a week. Then, look at the devices you can use to monitor your portfolios. From this, you should be able to create a better time schedule for your portfolio.

Agree, working 9-5 isn't suited for short term trading you'd better go with long term investment because anything can happen during that time whether the price goes up or down and you're literally losing the chance.

Perhaps weekly trading is good for those who have a 9-5 job so they can focus on their portfolio. I was in that situation and it's hard to do when your job requires high concentration and not allowed to use a smartphone or computer while working.

veleten

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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

the most efficient way would be to sell your portfolio and buy bitcoin

a coin basket is riskier and way more troublesome to maintain and check
since you already have apps installed , I can suggest a couple alternatives :
https://cointracking.info/
https://delta.app/en
https://gem.co/

Gem is free and good , I ' ve been using cointracking too , for a brief period of time
all in all I find the trackers a bit redundant as I don't have time to watch and analyze data , probably same as you - not enough free time

abeecrypto

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It depends on the work you do.

Nevertheless, long term investment would be best for you.

If your job gives free time between 9-5, you could use it to manage your portfolio. Like, you can be using your portable device to do that.

Your evenings too are also good times to harness.

You’ve got to sit down and think about the free time you do have in a week. Then, look at the devices you can use to monitor your portfolios. From this, you should be able to create a better time schedule for your portfolio.

Colt81

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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.

Webetcoins

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Quote from: Ailmand on December 25, 2019, 11:24:27 PM

Having a full time job and trading at the same time is a difficult task. Unlike qhen you are a full time trader you can watch the market closely. Just aim for a long term trade because day trading will be more difficult. To monitor the market find the best application to monitor your portfolio.

Those who pair up day trading with full time job appear alien to me because this is nothing easy at all. This is simply like playing with fire and you can get burnt anytime if you miss the opportunity of buying or selling a coin. It demands you to stay online and examine your portfolio deeply by keeping an eagle eye on the market movements of prices. Day trading in itself is a full time job if you want profits.

wxxyrqa

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One way or another, the cryptocurrency user will still have to find free time to pay attention to his portfolio regardless of the availability of permanent employment. Personally, I do not want to hire a broker at all, because there is always a danger of fraud, and I also do not want to transfer all my funds to some kind of exchange in order to set an upper price threshold for a profitable sale of my assets. There is always a risk of not only fraud, but also theft, as well as hacking of an account, even in reputable exchangers.

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Quote from: Barbut on December 25, 2019, 03:58:32 PM

Quote from: electronicash on December 25, 2019, 03:37:01 PM

why would you worry about it when you can automate things, exchanges are easy to manage. you can always use the stoploss and take profit after analyzing the charts, but i wouldn't try analyzing at weekends. though the crypto market works 247 other market stops during weekend. it just play along with these markets to see volume by their sessions. when it comes to money i would just ignore the weary eyes, its for your own good. work with it.

You talking about holding coins in the exchange, where you will set up your sell order and if it's get executed it's cool you have your money, if not you just wait longer. But holding coins in the exchange is not secure, you can stay without your coins.
I think that long term portfolio doesn't need to be managed, you buy the coin, you store it and you open it in a few years. You don't care about tops and bottoms, you wait for the entire industry to lift off.

Find an exchange that have good features like have automatic cut loss and many more. It is hard to manage a trade if you have full time job. You will not worry on your current position if you will use an exchange that have automatic cut loss. Our portfolio should also full of cryptocurrencies with highest daily volume and market capitalization for us to guarantee that we are not trading a shitcoin. It will lessen the time that we can have if we portfolio that consists of potential coins.

Twentyonepaylots

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Quote from: Karmakid on December 26, 2019, 09:05:06 AM

Quote from: Ailmand on December 25, 2019, 11:24:27 PM

Having a full time job and trading at the same time is a difficult task. Unlike qhen you are a full time trader you can watch the market closely. Just aim for a long term trade because day trading will be more difficult. To monitor the market find the best application to monitor your portfolio.

I agree with this. You should not forced yourself to do trading while you have a valuable day job because it might not be the best for you in terms of productivity and the output that you potential giving to the company. I also agree that it is better to go long term trading because it will give you space and time in order for your portfolio to grow and it is easier to balance job and long term trading.

Definitely. It's like asking a person if he will quit his job to do full time with trading which is not that worth. If I were asked by the question " How to manage trading/portfolio while having a job" I'd say don't make me fool I know my priorities. Mostly an actual job will take 8 hours a day, so there is so much left to your day time to manage your portfolio. The key on managing efficiently is a well fit time management.

Karmakid

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Quote from: Ailmand on December 25, 2019, 11:24:27 PM

Having a full time job and trading at the same time is a difficult task. Unlike qhen you are a full time trader you can watch the market closely. Just aim for a long term trade because day trading will be more difficult. To monitor the market find the best application to monitor your portfolio.

I agree with this. You should not forced yourself to do trading while you have a valuable day job because it might not be the best for you in terms of productivity and the output that you potential giving to the company. I also agree that it is better to go long term trading because it will give you space and time in order for your portfolio to grow and it is easier to balance job and long term trading.

iv4n

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Quote from: Magkirap on December 26, 2019, 05:55:00 AM

Quote from: Ailmand on December 25, 2019, 11:24:27 PM

Having a full time job and trading at the same time is a difficult task. Unlike qhen you are a full time trader you can watch the market closely. Just aim for a long term trade because day trading will be more difficult. To monitor the market find the best application to monitor your portfolio.

Day trading isn't really for those people who are taking crypto trading as a part time job because if you do and encounter some problems it might affect your full time job and worse case you can get fired so better to allot a time where you'll do some research on what coins can you go for long term investment and then focus on your work and check it every weekends or whatever you like to check it.

Take it easy there, why full time job and trading are not a good combination? What is good about crypto it works 24/7, you can find some time for trading, you can set up buy or sell orders from your android, you can adjust your time with some trading strategies, cause it's a huge new world and you can make a perfect combination that will suit your timing, I'm sure in that, anyone can do that.
To be clear on one thing, when you like something, when you wish to get more involved, you will find some time, you will find a way, or you will be full of excuses!

Magkirap

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Quote from: Ailmand on December 25, 2019, 11:24:27 PM

Having a full time job and trading at the same time is a difficult task. Unlike qhen you are a full time trader you can watch the market closely. Just aim for a long term trade because day trading will be more difficult. To monitor the market find the best application to monitor your portfolio.

Day trading isn't really for those people who are taking crypto trading as a part time job because if you do and encounter some problems it might affect your full time job and worse case you can get fired so better to allot a time where you'll do some research on what coins can you go for long term investment and then focus on your work and check it every weekends or whatever you like to check it.

Ailmand

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Having a full time job and trading at the same time is a difficult task. Unlike qhen you are a full time trader you can watch the market closely. Just aim for a long term trade because day trading will be more difficult. To monitor the market find the best application to monitor your portfolio.

minersday

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It has never been easy combining crypto related jobs with day time job. Working in the blockchain industry requires some form of dedication of time and energy and also the crypto world is very fast. If i were you i would advise you not to go in for short term investments but rather go for long term ones. You are likely to miss the short term ones when they rise. You can also set timers and notifications as well just to remind you of some of your investment plans.

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Quote from: romero121 on December 25, 2019, 04:31:42 PM

For each and everything associated with our lives were monitored with the help of different mobile applications that were developed for specific purposes. With Portfolio development creation for Cryptocurrency isn't a big issue. It can be dealt easily, if one isn't comfortable with these applications can make use of the portfolio management tools available with the respective exchange.

I fully agree with you so many app out there could automate the whole process of portfolio management and alarming us when significant change to the prices happening it's just as simple as that and theres no need spending too much time watching monitor 24/7 just to manage the portfolio because thats waste of time for people who are productive, these tools exist for the reason of this, to make people not tired managing portfolio

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When your portfolio is only for top coins, I think the monitoring is not necessary to that extent, it is different if you want to get a quick profit then buying any coins there then it must always be monitored. If that's the case, then back again about your goal, do you really just want a quick profit or are you just holding a token which basically won't be good to hold on too long.

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Quote from: Barbut on December 25, 2019, 03:58:32 PM

You talking about holding coins in the exchange, where you will set up your sell order and if it's get executed it's cool you have your money, if not you just wait longer. But holding coins in the exchange is not secure, you can stay without your coins.
I think that long term portfolio doesn't need to be managed, you buy the coin, you store it and you open it in a few years. You don't care about tops and bottoms, you wait for the entire industry to lift off.

Actually saving your money in exchange "temporarily" until they sell or buy order executed is okay and most of the traders do that, though for a long term investor it's indeed discouraged to do that.
I agree with portfolio doesn't need to be managed everytime, people are confusing trading with long term investment. for long term investment managing portfolio is probably the last thing they'd do in "short time" but instead they just leave it be.

romero121

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For each and everything associated with our lives were monitored with the help of different mobile applications that were developed for specific purposes. With Portfolio development creation for Cryptocurrency isn't a big issue. It can be dealt easily, if one isn't comfortable with these applications can make use of the portfolio management tools available with the respective exchange.

Barbut

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Quote from: electronicash on December 25, 2019, 03:37:01 PM

why would you worry about it when you can automate things, exchanges are easy to manage. you can always use the stoploss and take profit after analyzing the charts, but i wouldn't try analyzing at weekends. though the crypto market works 247 other market stops during weekend. it just play along with these markets to see volume by their sessions. when it comes to money i would just ignore the weary eyes, its for your own good. work with it.

You talking about holding coins in the exchange, where you will set up your sell order and if it's get executed it's cool you have your money, if not you just wait longer. But holding coins in the exchange is not secure, you can stay without your coins.
I think that long term portfolio doesn't need to be managed, you buy the coin, you store it and you open it in a few years. You don't care about tops and bottoms, you wait for the entire industry to lift off.

electronicash

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why would you worry about it when you can automate things, exchanges are easy to manage. you can always use the stoploss and take profit after analyzing the charts, but i wouldn't try analyzing at weekends. though the crypto market works 247 other market stops during weekend. it just play along with these markets to see volume by their sessions. when it comes to money i would just ignore the weary eyes, its for your own good. work with it.

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