How do manage portfolio efficiently while having a full time job? - page 8.

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Quote from: deadthings on December 14, 2019, 07:06:47 AM

For all those who have full fledge job and cant trading during office hours are the most luckiest investors. Since they can't do day trading and this saves them from losing there hard earned money. Try to buy during dips and focus on your job. You may sell when market goes extraordinary up.

I understand that you have lost some money trying to do day trading, there is no luck involved, the decision to make money in a short period of time always back fires and if you have that mind set then you will not end up loosing, i am doing a regular job as well as holding some coins in my wallet and i trade when ever i feel like doing or i see some uncertainty in the market. I am not having a huge portfolio but having a few coins and trade every now and then and it is my conscious decision and it has nothing to do with luck Tongue

.

Sadlife

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Quote from: Savemore on December 13, 2019, 02:56:25 AM

Quote from: Sadlife on December 13, 2019, 02:48:08 AM

Im planning to build a trading bot just for fun cause im kinda curious and its interesting to see a bot trading your funds, my problem is i dont have funds to trade so im planning to give it an small amount. Why not go with that also ? you could invest in some trading bot that could automate your trades so you dont have to worry gathering information and making decisions in short its more convenient having one, especially if you have a 9-5 job.

But trading bot is risky it is better if you will just copy trade in eToro. You will se the performace of those professionak trader in there but stilk it is better if you are the one who do trading. I also have full time job and I am a trader also. It is really hard to trade while having a job. There are only few trading strategies that is suitable for me even if I have full timr job. You can also manage it if you will find strategy that will fit in your time.

Yes bots are risky but so is trading especially when your very emotional and ending up doing a lot of mistakes, so i decided why not just create a bot that automates your trade, i mean bots doesn't have emotions. Yes, there are risk in using bots that's why im going to test it with small of amount of crypto first to make it fully functional. Also paying websites like Etoro is good but i dont have money to pay services like that, so that's why im building my bot on my own to save also some money.

deadthings

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For all those who have full fledge job and cant trading during office hours are the most luckiest investors. Since they can't do day trading and this saves them from losing there hard earned money. Try to buy during dips and focus on your job. You may sell when market goes extraordinary up.

shoreno

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Quote from: X-ray on December 14, 2019, 05:47:21 AM

Quote from: HarmonyA on December 13, 2019, 03:38:25 PM

If you believe in crypto than your current job, then take a lesser job to enable you have time to manage your portfolio effectively.
You can as well set your sell or buy, or possibly engage in long term investment in order to have control over your job.
In a nutshell, proper management of portfolio requires maximum engagement of the owner, and good knowledge of the market.

That's just too risky man, beside there are many portfolio management app that are automated and will alert you at certain point or event you don't need to spend that much time to be able to manage your portfolio properly to be honest. beside it's his job right now that could give him portfolio or in other word money. quitting job like that is just a bad idea and there's no guarantee for a job with less time.

there are jobs that can be done with lesser time and this suites traders the most if they do want to allocate more time on thier trading career but still working on a real job full time would be a better idea so that you can earn big and secure profits than what youl be getting on trading . trading profits takes time so we must not take it seriously but we can just enjoy it as a hobby to avoid boredom and depresions . there are app that can automate the job ( managing portfolio ) but real human supervision is still better i think .

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Quote from: HarmonyA on December 13, 2019, 03:38:25 PM

If you believe in crypto than your current job, then take a lesser job to enable you have time to manage your portfolio effectively.
You can as well set your sell or buy, or possibly engage in long term investment in order to have control over your job.
In a nutshell, proper management of portfolio requires maximum engagement of the owner, and good knowledge of the market.

That's just too risky man, beside there are many portfolio management app that are automated and will alert you at certain point or event you don't need to spend that much time to be able to manage your portfolio properly to be honest. beside it's his job right now that could give him portfolio or in other word money. quitting job like that is just a bad idea and there's no guarantee for a job with less time.

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Quote from: NavI_027 on December 13, 2019, 08:13:00 PM

Quote from: DoublerHunter on December 13, 2019, 03:06:56 PM

Commonly has been suggested is to use blockfolio app and that was right. I also used this and regularly monitored my crypto trading. But I did not worry about it very well because I am also using an auto trading bot and when it will pump up the price, the auto sell will work.
If that is a full time job I won't suggest doing in trading because you can't execute very well if you have a lot of work to do than trading. Because it is spending a lot of time when you are digging information on which altcoins that have the potential to pick.

Actually, you're still fortunate to have a bot which automatically sell your coins when the price pumps because most of the time traders really give the majority of their day looking at their monitor and watch the merket trend and only depending purely on their own trading skills. By the way, thanks for your realization and advice to us, now I even more realized that daytrading is not for me at this moment lol (but very soon for sure).

Quote from: Karmakid on December 13, 2019, 06:33:40 PM

That is why, it is best to use the hours that are left once we go home from work. You can spend at least 1-3 hours of your time to study the market and also to enhance your knowledge and skills in trading so once you got good in choosing which altcoin to trade then it would be easy for you to do some trades while you have a full time job.

Okay let's say you have an 8-hour job which starts from 8 in the morning to 4 p.m., then you said that a certain investor should at least vacant his 3 hours for studying crypto. Well, that's good in a sense that seeking for knowledge never harms us humans

but how about your household chores, your food preparations, your family time, your leisure time? Imagine, you go home tired and you will sleep tired. But well I guess that's how life works Cheesy

, and it's better to do such thing than doing not productive things.

I believe that in certain situations you can’t rely on a trading bot because you risk losing your funds. In any case, even Bot needs to be controlled, and for this you need to have enough free time. If someone has a full-time working day and at the same time hopes to get a profit from his portfolio, then everything will depend primarily on the volume of coins that are in your portfolio. Moreover, I think that no one is hoping easy to make a profit from cryptocurrency, because you have to work harder and work harder, while spending more free time. Wink

barabarian1

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in my opinion if you have a full time job then you should use crypto for long term investment. long-term investment does not require special attention. You can see prices every weekend. or you can also check prices every night before going to bed. for someone who has a real job I think is not suitable if doing daily trading. because daily trading requires concentration and focus and we also have to make quick and right decisions. if you work in an office of course you will not be able to do that because you also have to finish your work in the office. so it's better to make long-term investments.

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Quote from: DoublerHunter on December 13, 2019, 03:06:56 PM

Commonly has been suggested is to use blockfolio app and that was right. I also used this and regularly monitored my crypto trading. But I did not worry about it very well because I am also using an auto trading bot and when it will pump up the price, the auto sell will work.
If that is a full time job I won't suggest doing in trading because you can't execute very well if you have a lot of work to do than trading. Because it is spending a lot of time when you are digging information on which altcoins that have the potential to pick.

Actually, you're still fortunate to have a bot which automatically sell your coins when the price pumps because most of the time traders really give the majority of their day looking at their monitor and watch the merket trend and only depending purely on their own trading skills. By the way, thanks for your realization and advice to us, now I even more realized that daytrading is not for me at this moment lol (but very soon for sure).

Quote from: Karmakid on December 13, 2019, 06:33:40 PM

That is why, it is best to use the hours that are left once we go home from work. You can spend at least 1-3 hours of your time to study the market and also to enhance your knowledge and skills in trading so once you got good in choosing which altcoin to trade then it would be easy for you to do some trades while you have a full time job.

Okay let's say you have an 8-hour job which starts from 8 in the morning to 4 p.m., then you said that a certain investor should at least vacant his 3 hours for studying crypto. Well, that's good in a sense that seeking for knowledge never harms us humans

but how about your household chores, your food preparations, your family time, your leisure time? Imagine, you go home tired and you will sleep tired. But well I guess that's how life works Cheesy

, and it's better to do such thing than doing not productive things.

Karmakid

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Quote from: DoublerHunter on December 13, 2019, 03:06:56 PM

Commonly has been suggested is to use blockfolio app and that was right. I also used this and regularly monitored my crypto trading. But I did not worry about it very well because I am also using an auto trading bot and when it will pump up the price, the auto sell will work.
If that is a full time job I won't suggest doing in trading because you can't execute very well if you have a lot of work to do than trading. Because it is spending a lot of time when you are digging information on which altcoins that have the potential to pick.

That is why, it is best to use the hours that are left once we go home from work. You can spend at least 1-3 hours of your time to study the market and also to enhance your knowledge and skills in trading so once you got good in choosing which altcoin to trade then it would be easy for you to do some trades while you have a full time job.

HarmonyA

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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

If you believe in crypto than your current job, then take a lesser job to enable you have time to manage your portfolio effectively.
You can as well set your sell or buy, or possibly engage in long term investment in order to have control over your job.
In a nutshell, proper management of portfolio requires maximum engagement of the owner, and good knowledge of the market.

DoublerHunter

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Commonly has been suggested is to use blockfolio app and that was right. I also used this and regularly monitored my crypto trading. But I did not worry about it very well because I am also using an auto trading bot and when it will pump up the price, the auto sell will work.
If that is a full time job I won't suggest doing in trading because you can't execute very well if you have a lot of work to do than trading. Because it is spending a lot of time when you are digging information on which altcoins that have the potential to pick.

CarnagexD

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Quote from: Febo on December 13, 2019, 11:07:46 AM

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

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

There is nothing to manage. You buy and spend, that is it. How be able to full fill my thirst about cryptocurrenies technology is different and way more interesting subject to talk about.

But wouldn't be just a waste of money if you don't manage at all? Like buying bitcoin, ethereum or any alts just to spend?Although it is cryptocurrencies, a currency into it, you can't just like buy it and spend it, what are you a millionaire or something? I'm a student and I have an 8 school hours everyday but even having a lot of time to do manage my portfolio I still get lost sometimes due to too much volatility. That is why for me you can't just say to buy and spend crypto unless you're living using it.

deisik

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Quote from: Casdinyard on December 13, 2019, 05:03:43 AM

Quote from: CodyAlfaridzi on December 13, 2019, 03:57:46 AM

Of course you shouldn't think about your portfolio at all during work. I think that's not professional.

Why not? Just because you're thinking something while at work then it isn't professional. As long as it doesn't affect the work load then it's fine

That depends on your job

For example, if you are a neurosurgeon, then thinking about your cryptocurrency portfolio while performing a brain surgery may not be the best idea after all (even if it seemingly doesn't affect your "workload"). Regarding questions raised by OP, I think the best approach is to change his timeframes, i.e. to switch to longer-term trading. In this case, checking the market once or twice a day will suffice (say, in the morning and before bed, though before bed can give one a sleepless night)

Febo

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

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

There is nothing to manage. You buy and spend, that is it. How be able to full fill my thirst about cryptocurrenies technology is different and way more interesting subject to talk about.

Gheka

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Quote from: Sithara007 on December 12, 2019, 11:22:00 PM

Well... it is not too hard, if you are not a day trader. Long term or medium term investment doesn't take too much effort or time, and you can manage your investments along your day job. But you can never adjust day trading with a full time job. Because it needs you to make split-second decisions and constantly keep track of the new developments in the market. No matter how flexible your employer is, if you do this during your office hours, then you may find yourself jobless very soon.

I agree that profit management when we are a short and medium term investor will never be too difficult, but besides that, even if we are a day trader, it is not is a big problem, the difficulty level is only slightly improved because of a full-time job, it also has plenty of time to rest, we can use that to manage and observe prices. And if you're worried about quick decisions and timely adjustments, exchanges already have the tools to set up profits and losses, which solve those problems for us, it is important that we establish how we can best manage our profits

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Quote from: Casdinyard on December 13, 2019, 05:03:43 AM

Quote from: CodyAlfaridzi on December 13, 2019, 03:57:46 AM

Of course you shouldn't think about your portfolio at all during work. I think that's not professional.

Why not? Just because you're thinking something while at work then it isn't professional. As long as it doesn't affect the work load then it's fine.

I agree. It is about the output or the result of your work. As long as you can deliver on what the company demanded then there is nothing wrong to multi-task. It is a good news to know that there are people who are working on their dreams and multi-tasking while they are at work and after from work because that is the true dedication that a success requires.

Casdinyard

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Quote from: CodyAlfaridzi on December 13, 2019, 03:57:46 AM

Of course you shouldn't think about your portfolio at all during work. I think that's not professional.

Why not? Just because you're thinking something while at work then it isn't professional. As long as it doesn't affect the work load then it's fine. Grin

Likely, just use blockfolio app if you're just observing the market. You can put the quantity of your token otherwise you can set an alarm for a certain token if you want to trade on that amount. Or if you're a daily trader then use bots but this should be done with keen researching and experience as well.

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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

Turn on your notifications. You don't need to be on the lookout for trends all the time. Most traders here do have full time jobs. On your free time, you then backtrack on previous movements and it's possible it's still linked to current events. Then set up reasonable buy and sell orders based on what you've studied during your free time. It should work for you by itself. Just make sure that you manage your expectations well.

imstillthebest

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first of all , you are not really that bad in english . second of all , your schedule is so hectic and i suggest is better not stress your self on those trades but better if you can only foccus on what your doing right now if you think that they are more important than what you will be getting on crypto trades . lastly if you still insist to multi task , there are so many apps on the web that can help you automate or get instant updates regarding on your portfollio , i forget thier names but you can search them on google and test which work better for you

CodyAlfaridzi

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

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?

You don't need to observe the market in real time. Why? You're not a trader. Of course you shouldn't think about your portfolio at all during work. I think that's not professional.

You should only buy for holding, not for trading. Don't mind the moves in a lower time frame. Look for under-valued coin (if there's any), buy them, and just watch the price once a day, after work, and evaluate whether you want to keep holding it or sell.

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