Trading and profiting without knowing the markets or being aware of moves is pure luck and speculation. Holding bitcoin and selling on really huge spikes might be an option to buy back low but if we look at history just by holding long term one would do great with countless 0's % profit thing you hardly can see on classic markets.
Shitcoins are mostly a waste of time and money excluding eth, xmr and a very few more.
Topic: How do manage portfolio efficiently while having a full time job? - page 9. (Read 3224 times)
December 13, 2019, 01:59:16 AM
December 13, 2019, 01:56:25 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. 
December 13, 2019, 01:48:08 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.
December 13, 2019, 01:36:22 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
Any opinions or suggestion to improve my current situation?
Thanks in advance and sorry for bad english
You cannot do 2 jobs at the same time. Your full-time job takes up quite a bit of your time during the day and you will be tired home. You know, we all need a break after a long day at work, but trading and portfolio management is stressful. so that's why you can't control it well. My advice is that you should take 3 days off to travel and find out what kind of job is right for you. If you are a risky trader and make a lot of money, you should consider your full time job. People only work best when they can do what they like. 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
Any opinions or suggestion to improve my current situation?
Thanks in advance and sorry for bad english
December 13, 2019, 01:23:58 AM
Short term position might not work for you because you have to be mind prepared in order to execute good decisions, securing long term might be better because you don’t have allocate of your time or regularly check your portfolio since you have a daily job.
December 12, 2019, 10:22:00 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.
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December 12, 2019, 08:37:38 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. December 12, 2019, 03:34:26 PM
I'd say it's almost impossible to work full time and trade coins. Most rallies are fast and don't even last a day. If you can login only on weekends like OP you will miss out on many opportunities. Probably the only option for you would be to install a mobile wallet with an option to sell your coins or keep them on an exchange with stop losses active all the time. Both of these aren't completely safe but it's better than nothing.
Or you could skip trading and go long term hodl. We're probably in the end of the accumulation phase for both bitcoin and altcoins so buying now to hold for another year could be a good decision.
Or you could skip trading and go long term hodl. We're probably in the end of the accumulation phase for both bitcoin and altcoins so buying now to hold for another year could be a good decision.
December 12, 2019, 03:28:37 PM
You can download an application that is for managing your portfolio just like blockfolio. or if you are trading, just hold the stable coin, and you will be okay. I would suggest BTC, ETH and XRP those are my favourites coin. I am not monitoring them from time to time, because their price is stable and manageable if you have work or a class if you are a student. Or just simply hold Bitcoin if you don't really have time.
Ive been using this app for years when i do tend to look up on my holdings without the need on opening my wallets.I have a full time job and theres no time for me to have access anytime or does have the vacant time on checking everything.
With my phone you can easy check on a snap on whats happening on your holdings.If you do see an opportunity to sell then thats the time
i do urgently go to a desktop.
December 12, 2019, 02:08:23 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. December 11, 2019, 08:36:21 AM
Blockfolio app is a big help so you can easily watch your coins. But you still limit your coins into 3 to 5. Holding more requires times when there are sudden pump and dump. People reacts when there are big pump and dumps. For me, I buy and sell when there are pump and dumps. There are many coins out there to replace another coin. Bitcoin is the only coin that I haven't tried selling it all.
December 11, 2019, 08:35:01 AM
Since you have a full time job, there is high probability that you don't have much time to invest in managing your portfolio. So my suggestion is, you should only invest to the cryptocurrencies that are strong enough to stay in the market for years. Try some portfolio monitoring apps so you can check your holdings easily.
December 11, 2019, 08:26:19 AM
You can download an application that is for managing your portfolio just like blockfolio. or if you are trading, just hold the stable coin, and you will be okay. I would suggest BTC, ETH and XRP those are my favourites coin. I am not monitoring them from time to time, because their price is stable and manageable if you have work or a class if you are a student. Or just simply hold Bitcoin if you don't really have time.
December 11, 2019, 07:11:15 AM
If you have full time job, the first thing that you should do is to identify if you are swing trader, a momentum trader or a bounce trader. If you identify what type of trading are you, the second that you must do is to know what type of trading setups are you going to use that is suitable for you. You are busy in day because of your full time job so find a trading setups that are applicable to use even if you are not monitoring your portfolio. Managing it is really tough but I'm sure that you will get used to it.
It is better to be a position or a passive trader if you have full time job. You cannot become a day trader because of your schedule. Monitoring the prices are the challenges facing by many people who have full time job. Be a trend follower where you will only hold while the price of the coin is continuing to increase. Do not use also short term strategy because it is not applicable to your schedule. We have our own way in trading process due to our different experiences. I definitely agree that monitoring is the most challenging part in which you need it a very long time in order to know the possible next move you are going to do and can have a possible good return. We all know that being part here is just a pastime , hoping to have a good return and just like in trading process that can be a full-time or a part time job.
December 11, 2019, 07:03:08 AM
Thanks everyone for the advice! I had decided to adjust my portfolio for long terms investment, primarily in Blue chips and alts that had potential - established team, well-delivered/realistic roadmap, consistent development as well a more discipline investment schedule, guess the ups and downs of day trading is too much for me to handle while maintaining good performance with my programming job.
I would advice you against investing in fake promised projects, it is better to invest in top alts or in bitcoin rather than taking chances because in my experience these road maps and promises are hard to fulfill.
Yeah, not easy to judge whether a project will be successful in the future or hard to get breakeven. The percentage like 10% good project and the rest out of question, just dont get involved. Bitcoin and some famous altcoins such as bch, eth, are the good options to invest in long-term, whenever bitcoin rises up, those coins more likely to follow bitcoin to rise as well.
December 11, 2019, 06:42:18 AM
That is definitely way to go, I mean if you invest into BTC-ETH-LTC-EOS type of coins you will not have to take a look at it that long, you just buy them and store them carefully and not do anything about them at all, that's it.
However, if you want to keep looking at some small ones then it will get trickier, you may not know whats going on in the team itself, I usually join the discords of these coins or slacks or telegrams whatever they have and talk with the team and get to know them better and see what they are doing to improve it, that takes a lot of time, it is not even that profitable neither because they look like they are doing something major most of the time but it fails, so all in all I feel like investing into the big important ones and not looking at it is the only way to go for someone busy.
However, if you want to keep looking at some small ones then it will get trickier, you may not know whats going on in the team itself, I usually join the discords of these coins or slacks or telegrams whatever they have and talk with the team and get to know them better and see what they are doing to improve it, that takes a lot of time, it is not even that profitable neither because they look like they are doing something major most of the time but it fails, so all in all I feel like investing into the big important ones and not looking at it is the only way to go for someone busy.
December 11, 2019, 06:41:37 AM
I use block folio app as well. With the app, what need to do is just add your coins and from time to time you check the progress of your coins.
Again, what I usually think or suggest for a trader both cryptos or forex trader who is very busy is to take up a lesser job or give up the job entirely and focus on trade etc. You can make good money from it (except the person is a professional like medical doctor etc that wants to keep practicing, then you work out your schedule ).
Again, what I usually think or suggest for a trader both cryptos or forex trader who is very busy is to take up a lesser job or give up the job entirely and focus on trade etc. You can make good money from it (except the person is a professional like medical doctor etc that wants to keep practicing, then you work out your schedule ).
But what if your job makes a lot of money than trading??? Is there a chance that you'll sacrifice trading? I know someone whose work range from $20,000 per month. Is that enough for you to give up trading and continue your passion at the same time earning salary.
Think wisely on what will you do because there are a lot of opportunity in this world and we should not waste them. I believe that professionals earn more money than trading.
December 10, 2019, 11:56:51 PM
If you have full time job, the first thing that you should do is to identify if you are swing trader, a momentum trader or a bounce trader. If you identify what type of trading are you, the second that you must do is to know what type of trading setups are you going to use that is suitable for you. You are busy in day because of your full time job so find a trading setups that are applicable to use even if you are not monitoring your portfolio. Managing it is really tough but I'm sure that you will get used to it.
It is better to be a position or a passive trader if you have full time job. You cannot become a day trader because of your schedule. Monitoring the prices are the challenges facing by many people who have full time job. Be a trend follower where you will only hold while the price of the coin is continuing to increase. Do not use also short term strategy because it is not applicable to your schedule. December 10, 2019, 10:03:00 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.
December 10, 2019, 09:45:25 PM
If you have full time job, the first thing that you should do is to identify if you are swing trader, a momentum trader or a bounce trader. If you identify what type of trading are you, the second that you must do is to know what type of trading setups are you going to use that is suitable for you. You are busy in day because of your full time job so find a trading setups that are applicable to use even if you are not monitoring your portfolio. Managing it is really tough but I'm sure that you will get used to it.
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