Topic: Quit My Full Time Job to Trade Cryptos Full Time - page 7. (Read 1889 times)
Wow, good luck with your journey, we have to make a hard decision in life before we succeed, that is a really hard decision for me. For my part, if I am going to choose between my full-time job in real life or being a full trader then I will still choose my full-time job because I still don't have good knowledge about trading do I don't have enough capital for it. So basically, I conclude that you already have good capital for trading and you also have done a lot of trading wins so you have decided to choose it over your full-time job. It is also better if you are going to create a business if you already earned a good profit from trading.
Trade in crypto but have experience in trading full time but if you have no experience then you will lose everything. Risk is something that exists integrally with business this greatly reduces the number of new ones in the market there are lots of strategies available on the trade site you should know them and your type should fit best before you apply the strategy to live accounts go a little further in an ad practice in demo. I would recommend holding the position for a long time as they have a winning rate over 1 minute standing business.
a big congratulations to you, it just seems easy but it isnt easy. this is inspiring enough, everyone just needs to understand and study what works for you and master it. this dosent mean arbitrage will work for other people. you will need to gain total mastery before you can gain enough freedom to be able to focus on cryptocurrency trading or investment if its your wish.
Arbitrage AFAIK is a difficult one to pull off so to everyone who thinks that they can do this without any experience or knowledge, be careful because the chances that you are going to fail is going to be high. I don't like the move that OP did where s/he quit the job because I believe that s/he can make a safety net out of the salary from that job or just another stream of income. 
a big congratulations to you, it just seems easy but it isnt easy. this is inspiring enough, everyone just needs to understand and study what works for you and master it. this dosent mean arbitrage will work for other people. you will need to gain total mastery before you can gain enough freedom to be able to focus on cryptocurrency trading or investment if its your wish.
I still don't have the courage to take the decision to be full time on cryptocurrency, my reason is because right now, if we observe the market is indeed a strong bullish. but to become a trader. money management readiness. this family responsibility is a tough one. we will feel burdened if we are not financially prepared to face it. Broadly speaking, if we only trade without income or income income as other needs, this will be risky
We don't need to force ourselves then. Deciding to become a full-time trader is like trying to have a better future, but if you can't let go of your job because you are worried and thinking about the negative results, better not then. Yeah, we have to understand what is our position and most people will choose the thing that gives them the assurance and having a stable with a good salary, I don't if think someone could able to discredit that.
If you are ready to become a high risk taker and lose most of the time, then go for it. In my own opinion, you need some sort of “insurance” in case you are going to lose your trades (especially if you are going for an arbitraging strategy something like that) or going into a worse-case scenario anytime soon.
You still need something that can provide you stable income because trading is considered risky and no guarantees or promise for you to earn some profits even with arbitraging. No strategy is perfect, but risk management is much more worth learning.
You still need something that can provide you stable income because trading is considered risky and no guarantees or promise for you to earn some profits even with arbitraging. No strategy is perfect, but risk management is much more worth learning.
You seem very ambitious and hard working.Good luck with your projects.
If crypto arbitrage was so easy,then all of us would be on the French Riviera or driving our lambos in Monte Carlo.
Can you post a proof of your gigantic crypto arbitrage profits?Screenshots can be faked by using inspect element,so a picture of a paper bank statement would be nice.Personal information should be blurred,of course.
If crypto arbitrage was so easy,then all of us would be on the French Riviera or driving our lambos in Monte Carlo.
Can you post a proof of your gigantic crypto arbitrage profits?Screenshots can be faked by using inspect element,so a picture of a paper bank statement would be nice.Personal information should be blurred,of course.
Read research about traders and how majority lose money.
Arbitrage is tricky too and can bite you.
This is a huge bet for OP but if it's effective on him, I'm happy to see that he's making his life and fortune through it. What's bad is that, I'm not like him that's very good on it. I've done that before but to no avail and no luck found. It take guts to quit your full time job and replace it with trading. I've known people that did that and reading something as what OP intended to share is absolutely fascinating because as you've said, majority are losing from it but on him, it's the opposite. Arbitrage is tricky too and can bite you.
I still don't have the courage to take the decision to be full time on cryptocurrency, my reason is because right now, if we observe the market is indeed a strong bullish. but to become a trader. money management readiness. this family responsibility is a tough one. we will feel burdened if we are not financially prepared to face it. Broadly speaking, if we only trade without income or income income as other needs, this will be risky
I wanted to express my felicitate to OPs decision, he has a so much courage to decide such brave decision knowing that he has a family to feed and live for. Maybe he already figured out his most strats to become a good trader that is why now he could tell to himself that he could make a good living for him and for his family with the help of cryptocurrency, because if i were him i couldn't just decide bravely as what he did, i am still afraid of the fact that crypto was volatile and maybe i didn't yet found the best strats to win trading.
The one you described is a win win situation so seems like the best choice for you.
This is not something I would recommend to anyone doing profit now in this bull market like last months some people may get fooled into thinking they are great traders, but not your case as your profit comes from arbitrages and it shouldn't matter bull or bear situation.
I like your "scientific" approach to what you are doing and am curious about your studies background and the job you quitted was somewhat related to this new path or was something totally unrelated.
This is not something I would recommend to anyone doing profit now in this bull market like last months some people may get fooled into thinking they are great traders, but not your case as your profit comes from arbitrages and it shouldn't matter bull or bear situation.
I like your "scientific" approach to what you are doing and am curious about your studies background and the job you quitted was somewhat related to this new path or was something totally unrelated.
Yup same way people were fooled in 2016 and 2017, thinking they were amazing traders and investors. Made money from every strategy and every ICO, and some people thought bounty hunting was going to be their life profession.
Read research about traders and how majority lose money.
Arbitrage is tricky too and can bite you.
I still don't have the courage to take the decision to be full time on cryptocurrency, my reason is because right now, if we observe the market is indeed a strong bullish. but to become a trader. money management readiness. this family responsibility is a tough one. we will feel burdened if we are not financially prepared to face it. Broadly speaking, if we only trade without income or income income as other needs, this will be risky
Besides that reason, we must have good trading skills, so we can survive in any conditions because we do not know when the market will be at the bear or bull trends. If we can not analyze the trends, we will not be able to get the best time to buy and sell, and even we will lose the chance to make a profit. Before you decide to full time in cryptocurrency, make sure you have many things done to you, especially for knowing the trade to make a profit. 
Congratulations on your gains and I hope you wouldn't regret your decision to quit on your real job for crypto in the future,
It might be great gains in the past couple of months because it was bullish market but what would happen in the bear market?
But it seem's that you are confident in your trading skills and it looks like you really have a good one so I hope you made the right decision.
It might be great gains in the past couple of months because it was bullish market but what would happen in the bear market?
But it seem's that you are confident in your trading skills and it looks like you really have a good one so I hope you made the right decision.
In the past month and a half i've made over 100k arbing different markets and developing a very hard-to-beat strat. I submitted my resignation to my full time job last week . Wish me luck.
Long live crypto.
Update and some answers to your questions :https://bitcointalk.org/index.php?topic=5321029.msg56477603#msg56477603
Long live crypto.
Update and some answers to your questions :https://bitcointalk.org/index.php?topic=5321029.msg56477603#msg56477603
I don't think leaving your full-time job is a bad decision to switch over as a crypto trader. Everything returns to our desires - in choosing decisions and making them. We can only give criticism and suggestions, whether it is accepted or not, it returns to yourself.
With you earning as much as $ 100k, you would prefer to switch over as a trader, it is not easy to be able to achieve success with that much profit. Maybe you already have sufficient knowledge and experience as a trader. If you wish, you can share ways and strategies or just share your experiences so that you can also help us.
Why can you be that sure by leaving your full time job? Moreover, you have been appointed as a permanent career in the company (possibly). Because it's a shame if you can still do both jobs, but you stop at one of them. As a trader it is only my side job, to fill my spare time so as not to be wasted and wasting time. If you quit for your own good I think it's a good decision, it all comes down to your choice.
What will you do is too risky in my opinion, choosing a focus of crypto trading which is not always profitable is something that must be considered
carefully. Don't because you made several trades and managed to get a large profit, then you decide that quitting a full time job that has a steady
income is not something that can be decided quickly. My advice is why not do both, you keep working in the real world and make crypto trading
as additional income. That's the safest choice in my opinion.
carefully. Don't because you made several trades and managed to get a large profit, then you decide that quitting a full time job that has a steady
income is not something that can be decided quickly. My advice is why not do both, you keep working in the real world and make crypto trading
as additional income. That's the safest choice in my opinion.
Risky move, even though it is high return still it is not going to last long forever so you avoided a permanent source of income just for short term gains?
You can do arbitrage while you are working itself or better have other oassive income which can give you income when crypto trading is at bad condition.
You can do arbitrage while you are working itself or better have other oassive income which can give you income when crypto trading is at bad condition.
Good point! but for someone who can earn more than his regular salary for spending
much lesser time. The choose is not hard to deal with, especially if you do have a good
system that you believe will work and brings you fortune. OP might see that and he
already balance this before he move forward and take this decision.
Reading OP's replies, simply shows that he's really developing a good system to
get higher chances of succcess.
- snip -
Maybe i'll make some millions on my strats , and the worst case i build a skillset that is in demand by blockchain development companies/teams and get a job in an industry i am extremely passionate about.
Having 100k in the bank from trading is huge motivator, but i very much see this as an opportunity to save myself from burnout and to do something i am passionate about. Long term the worst case is i go back to work in a year, best case i become a crypto billionaire.
Maybe i'll make some millions on my strats , and the worst case i build a skillset that is in demand by blockchain development companies/teams and get a job in an industry i am extremely passionate about.
Having 100k in the bank from trading is huge motivator, but i very much see this as an opportunity to save myself from burnout and to do something i am passionate about. Long term the worst case is i go back to work in a year, best case i become a crypto billionaire.
The one you described is a win win situation so seems like the best choice for you.
This is not something I would recommend to anyone doing profit now in this bull market like last months some people may get fooled into thinking they are great traders, but not your case as your profit comes from arbitrages and it shouldn't matter bull or bear situation.
I like your "scientific" approach to what you are doing and am curious about your studies background and the job you quitted was somewhat related to this new path or was something totally unrelated.
Risky move, even though it is high return still it is not going to last long forever so you avoided a permanent source of income just for short term gains?
You can do arbitrage while you are working itself or better have other oassive income which can give you income when crypto trading is at bad condition.
You can do arbitrage while you are working itself or better have other oassive income which can give you income when crypto trading is at bad condition.
Good point! but for someone who can earn more than his regular salary for spending
much lesser time. The choose is not hard to deal with, especially if you do have a good
system that you believe will work and brings you fortune. OP might see that and he
already balance this before he move forward and take this decision.
Reading OP's replies, simply shows that he's really developing a good system to
get higher chances of succcess.
I really hope you are trading for more then a month. If this should be your first month of trading, there is no worse move than to quit your job and go fulltime trading. it also depends on your whole situation in life, though. Make sure all your needs are covered and you can bank something every month. Most important, if you are not consistantly profitable with that strategy for more than 5-6 months, you should not quit your job. Make sure rent is paid and food is on the table. Make sure all your bills for the next 8 months are covered. If you can answer all of the above with yes, then I wish you all the best in the world for your BTCUSD trading. If not, take a step back and give yourself more time.
That is actually quite true, because people make money during the bull run and think that they can continue to do that and the reality is that this was a cycle bull run that happens once every few years and you can't make money like this forever, and that is what many people are forgetting about, you can't make a profit like this which means you have seen the absolute best and you decided to quit your job and decided to become full time crypto trader on the wrong time.I agree with you that someone needs to do this part-time for years before they can reach to this point, I have a friend who came in with the 2017 peak period and he decided to trade and he has closed his shop a bit (turned it to side-job) just a month ago, so dude has been trading for 3 years with success and turned about 1.7 bitcoins into 40 bitcoins during that period, now he is still investing and he decided not to work with most of his clients and just keep 2 big clients which will pay all his bills and even a bit of grocery for the house.
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Nice.That's quite an inspiration there, OP. I was overlooking that quitting full-time job even remote ones aren't worth for crypto but it seemed like you rid of those doubts. I guess many would follow your tracks soon enough and it would be a lot of inspiration to be told to everyone since this pandemic destroyed a lot of businesses.
Quite risky but hella worth it based on your story, OP.
More than five years I am in cryptocurrency and without working on any companies, I think have many way some time get much profit and I ever loss more in cryptocurrency, but I think looking good if free without any working on company and keep focus with trading, joining airdrop and bounty campaign. I have been faced with many sweet moment when get much profit from trading and joining bounty campaign or airdrop project.
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