Topic: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month - page 18. (Read 10847 times)

In my opinion deciding to leave a job to switch professions to just being a crypto trader is a good decision for someone who already has the ability to read market analysis and has a strategy that can benefit. when you can get 12 btc profit in a month, I'm sure you have the ability in trading science. I myself still do not dare to leave my daily job, I trade only as a part time job. I will take my time to look at your price analysis and trading instructions. because in myself I'm still always trying to learn and I hope one day I can become a trader like you.

1.  Where are you located?  Us or another country?
Currently I live in Europe, but used to relocate several times and am planning to continue.


2.  How much did you start with?  In terms of fiat and btc to do this.
Well, I started 12 years ago with insignificants sums. The initial capital for full-time crypto trading can be seen at the chart




3.  So you only trade btc only?  Do you recommend only trading btc?  Or btc and other usd coins like eth and litecoin and the big ones?

I'в recommend to trade the instruments that suits you. Personally I really keen on futures (BTC, ETH mostly) at Bitmex. Sometimes play with scalping (different assets). Always monitor BNB at Binance...


4.  Now when you buy btc at say 6k and sell it at 7k... is everything you keep in usd or tether usdt or do you always convert it back to btc?  

Partially, but mostly in BTC
As for the thread title, I've just made the sum more comprehencive for cryptotraders.

Some ppl say when you trade, goal is to accumulate more btc.  But if you trading, shouldn't goal be to make more fiat profit thus usd?  Or even usdt?  Because here in title you say you made btc profit.  

Depends. Many people reinvest gains to gain more

Will answer the rest later

The retest opportunity resulted into successful long at BNB/USDT

I would say the same, though I'm not really fully commited on my job, I hate to be an employee that is why I am a freelancer and I will remain a freelancer, but I'm earning more here so I'm only doing a part-time extra job whenever I have freetime. Having two source of income is very reassuring, I'm not that professional too when it comes to trading but I trust my skills in the part-time job I am making.

But I know we could be all professional Traders if we are going to spend time on studying it and will remain persevering on earning in cryptocurrency.

I posted in this thread earlier and have few questions for Mark.



1.  Where are you located?  Us or another country?


2.  How much did you start with?  In terms of fiat and btc to do this.


3.  So you only trade btc only?  Do you recommend only trading btc?  Or btc and other usd coins like eth and litecoin and the big ones?


4.  Now when you buy btc at say 6k and sell it at 7k... is everything you keep in usd or tether usdt or do you always convert it back to btc?  Some ppl say when you trade, goal is to accumulate more btc.  But if you trading, shouldn't goal be to make more fiat profit thus usd?  Or even usdt?  Because here in title you say you made btc profit. 


5.  But say you want to accumulate btc.  Wouldn't you be paying 2 fees each time?  Example with usd or usdt, you buy btc and get amount of btc.  Now price of price goes up a lot.  Now you sell btc for usd or usdt right?  So your balance most of the time is in usd or usdt when you are ready to buy soon?  But when you buy btc, do you usually have some usd or usdt left in case you want to buy more when btc dips?


6.  What exchange/site do you do this on?  Would you suggest someone trading only btc to use something like coinbase/gemini where selling and buying btc is fiat?  But say you use binance or exchange that use usdt... doesn't that make no sense since say you first have usd and buy btc at coinbase.  Then send btc to binance to buy/sell btc but each time you sell btc , you get usdt.  But if you want to convert this to real money which is usd... you need to buy btc again with usdt on binance and send btc to coinbase/gemini and then sell it for usd.  Its like you are paying trading fees twice? Of course that amount isn't that much but it can add up.


7.  What has been your worst month in term of profit and best month since you posted this?  Also you still keep everything in btc?  I mean if you do this full time, don't you need to sell it for usd for bank transfer for profit and living expenses?  Or you have enough for living expenses that you are just now accumulating btc?

Not everyone can be the same as Op who has profited big out of trading. This needs luck, along with it continued learning is a must. Without learning it is impossible to profit out of trading, other than few exceptions who make profit out of luck. Full time crypto trading is good for the users who never think of profiting or depend on this as the primary source for living.

It is very difficult to do full-time crypto trading because you need to sit and watch the market movements for hours, and you will be empty handed that where would get a money to provide your necessities. But if you are great in making crypto trading as a full time job, i think you don't face any financial problems at all because you are getting in touch with the market and you are earning good profits from it.

I think you are a brave person in making decisions, because you have left your job and are more focused on spending your time in crypto trading. for myself maybe it would be a very difficult decision if I had to leave my job, because I think crypto trading also has risks. and I congratulate you if you have got 12 btc. pretty fantastic value if in a month can get 12 btc. maybe I will take my time to look at your trading analysis and instructions, as my learning material in trading.

This is awesome if it is true but I believe one can still  function fully at his job and trade in crypto making a lot of profits

You buy near 8540 for long. And the price was down close to that price - 8550 or the same. How much collateral needs for trade? Or it's a non-linear as at the OKex?

Do you trade on Deribit or OKex with margin? I hear those exchanges don't have technical troubles as for Bitmex due to big movements

Well done, You have made my day, I think such inspiration like you always find the best way to get a good result, Quitting a job is very tough in the current context because no one can't take this challenge, but you have made a huge achievement by gaining 12BTC within a month, That's great. I also had some amount of Bitcoin which is just holding purpose, I think it will bring to me a lot when the price increase, I am sure that the price is going to up at the end of this year because I predict that this year is 10th anniversary of Bitcoin so something special will come in to this year, It's also a confession of myself that day by day this platform is getting my primary income source and it's become an important part of my life.

Close to liquidation? Not really, why you supposed so?
As for the leverage, it is up to 12. Higher leverage for my strategy and deposit is dangerous. Btw, fo the majority of strategies 12 is more than enough. 6 is better.

Classical Pump&Dump story. This time I managed to catch the movement. Just closed the trade

that's good result for full time trader in cryptocurrency market.its not only happen in cryptocurrency market, if we focus and consistant with our goal i think its possible to achieved.this man could made 12 btc profits from his trading because they know how to controll his emotion and psychology.trading skill was very important but emotion and mental will take place too in our success story.not every one that be full time trader could do the same thing, becaused they have different think when lead it.

Nice gains Mark.. just bought Murphy's TA of the Financial Markets by your recommendation!

As I see you were too close to liquidation price due to this trade. And so, what you make in such a situation? Stop-loss? More collateral? Something else?
And what margin leverage do you use? Is it a secret?  

According to this price graph, I can see the price of bitcoin is increasing and decreasing randomly so it can never remain in a single place but keep moving. I guess October is going to be a good year for traders and price seems to be rise at a specific height. I try to invest more as 2019 shows to be ending profitable and trading will gain more scope as a profession.

Nice range after BTC yesterday's jump.

76 points in diapason trade at the 3rd touch of the support.

That's a good point. When you are not sure or have any ANY factor that makes you hesitate, you are free to earn (even a lot) at part-time.
Wish you good luck

Indeed as what I have read base on his post, he has a years in experience in trading. He has many knowledge on it. Reading charts and patterns is really a big help to traders. Plus add the fact that maybe he buys when the bitcoin is at its dip price last last quarter then  we all know that bitcoin price now gets higher.