it is wise to have multiple source of income, no need to leave your work unless you have a 80% win rate from 100 trades. Also dont stick with a single exchange site
That kind of win rate is simply too high for most traders to obtain, and even if you could do this most likely the profits obtained from each trade will be very small, and if we add the fees and taxes you will need to pay I will be surprised if you were profitable at all, sometimes it is better to sacrifice some of that win rate in order for the profits of each one of your trades to be higher, but finding out the exact spot in which your win rate and your profits are at its highest is something difficult and it takes several tries before you get it right. 
Topic: Trading Crypto With a Job.. (Read 693 times)
it is wise to have multiple source of income, no need to leave your work unless you have a 80% win rate from 100 trades. Also dont stick with a single exchange site
Having two sources of income, one of which is trading and the other is your main job, will not work either. You won't be able to trade properly with your main job. It's another matter if you just invest in cryptocurrencies for some part of your salary. It is more likely to be a win-win scenario in the future. 80% of successful trades are fantastic. It's impossible in the long term.
it is wise to have multiple source of income, no need to leave your work unless you have a 80% win rate from 100 trades. Also dont stick with a single exchange site
You can actually do both in a day by properly managing your time. I'm have a full time job during the day and I focus in trading during my free time or before resting at night. Both are actually good ways to make money so you don't have to sacrifice one but rather try to handle your time appropriately. If you want to be a full-time trader, you still have to make sure that you have another source of income because we all know the risks of trading.
Seems like you are doing perfect but honestly I am very poor in managing my schedules. This is the reason that I have stopped trading long back itself. Now I do focus only on long term bitcoin investment and interestingly I am into profits compared how I struggled in trading. Trading is good but it is recommended only for the people who got time and skill. So, in my opinion I am not fit for trading along with my job.Moreover, investing both short and long term is possible for all job goers but active trading is possible only for managerial people who got more leisure time compared to other level of people in an office.
You can actually do both in a day by properly managing your time. I'm have a full time job during the day and I focus in trading during my free time or before resting at night. Both are actually good ways to make money so you don't have to sacrifice one but rather try to handle your time appropriately. If you want to be a full-time trader, you still have to make sure that you have another source of income because we all know the risks of trading.
I did but it will not work out now because we are in a bear market. For now save your money as USDT, or USDC. We can also get profit in Bitcoin Futures to monetize the bear market but it is too difficult as the market is so volatile.
Does anyone here day trade crypto successfully whilst working a full time job?
I have medium experience with trading crypto and over the last few weeks have been mainly using the TradingView scalping indicator from https://cryptochiefs.io with good results. The problem is that I find it really difficult to manage the trades properly whilst working as they move fast any normally require that I am watching the screen. Kind of thinking I either need to forget about the idea or scale up from where I am and go full time.
Those of you with normal jobs, are you day trading or mainly long term crypto investors/ HODLers?!!
I have medium experience with trading crypto and over the last few weeks have been mainly using the TradingView scalping indicator from https://cryptochiefs.io with good results. The problem is that I find it really difficult to manage the trades properly whilst working as they move fast any normally require that I am watching the screen. Kind of thinking I either need to forget about the idea or scale up from where I am and go full time.
Those of you with normal jobs, are you day trading or mainly long term crypto investors/ HODLers?!!
Dedication really matters. Anyone can do trading but not all are capable of doing it.
Even leaving the job, its not an assurance that someone will have success in doing trades.
On that part of choosing trading crypto over a job, it needs a serious approach to decide what's the best thing to do.
I have a friend who is quitting his job so he can focus more on trading and he become successful and earn more than the salary from his previous job. Even leaving the job, its not an assurance that someone will have success in doing trades.
On that part of choosing trading crypto over a job, it needs a serious approach to decide what's the best thing to do.
It was indeed a choice for everyone but make sure that we are already aware of the consequences. Might say that my friend is lucky in trading and he is destined to become a full-time trader but you are right, some people make mistakes in choosing to trade as they are incapable enough to do this and ended up losing their money.
I do not trade during work hours. Because I can't spare a lot of time to analyze the market trend during my working hours. I occasionally trade at night. I think most of the transactions are more active at night. There may be many others like me.
I think the main goal of people to work is to make money, if we can profit or earn income from crypto trading then it is worth mentioning work, I have friends who look like unemployment but he can meet the needs of life and even seem to have great income, and when I am Asked he invited to come to his house and office that was like an office and he was a crypto trader, forex and so on.
Dedication really matters. Anyone can do trading but not all are capable of doing it.
Even leaving the job, its not an assurance that someone will have success in doing trades.
On that part of choosing trading crypto over a job, it needs a serious approach to decide what's the best thing to do.
Exactly and that's why before plunging into trading it becomes a must to study first,Even leaving the job, its not an assurance that someone will have success in doing trades.
On that part of choosing trading crypto over a job, it needs a serious approach to decide what's the best thing to do.
the risk is very big and to make a profit it takes knowledge and skills,
what is clear trading is not as easy as people think
Not easy for sure, I have been doing this for many years and I can say that its getting harder by time. Not because of the job itself, job is fine, but because you also live a life.
I agree and at the same time, you need to remember all kind of business might give you the same kind of headaches over the time still do you find why people choose trading along with their regular job? It must be due to trading can be done from home after the job (if you run any other business then you need to visit there after your regular job's place). After pandemic, I do hear that lots of people adapted trading as work-from-home culture motivated them.Good is to have the time allocated for different purposes. To me trading is just a way to increase the holding, here I just open a trade and leave it.
If your regular job allows you to focus on trading then fine. Time is real criteria, we need to consider here. If you have time to manage both, you are appreciated to do multiple income streams. Does anyone here day trade crypto successfully whilst working a full time job?
I have medium experience with trading crypto and over the last few weeks have been mainly using the TradingView scalping indicator from https://cryptochiefs.io with good results. The problem is that I find it really difficult to manage the trades properly whilst working as they move fast any normally require that I am watching the screen. Kind of thinking I either need to forget about the idea or scale up from where I am and go full time.
Those of you with normal jobs, are you day trading or mainly long term crypto investors/ HODLers?!!
Trading is not an easy job and it is very difficult to do it if you work full time. Trading is time consuming, it has to be constantly watching the charts and analyzing the market to find when to buy or sell. Without time and focus, trading can become a burden and result in failure and loss. I have medium experience with trading crypto and over the last few weeks have been mainly using the TradingView scalping indicator from https://cryptochiefs.io with good results. The problem is that I find it really difficult to manage the trades properly whilst working as they move fast any normally require that I am watching the screen. Kind of thinking I either need to forget about the idea or scale up from where I am and go full time.
Those of you with normal jobs, are you day trading or mainly long term crypto investors/ HODLers?!!
Not easy for sure, I have been doing this for many years and I can say that its getting harder by time. Not because of the job itself, job is fine, but because you also live a life.
So, if you spend time on sleeping, spend time at work, and then spend time at trading, what is left for you? Nothing, when do you go out? When do you watch a movie? When you do play a game? When do you date? If married when do you spend time with your wife? It becomes a tough thing and it takes a lot of hard work to not make that a problem in your life.
Without a doubt trading can be a very time consuming as it requires that you are always watching the charts without any breaks in order to find a good entry point for your trades, however if you are relatively young I would say that it is worth to do this now, as this is the moment to work hard to create a solid base for your future, and while it is difficult this is the perfect moment to do it as you do not want to do this once bitcoin is worth a fortune and you regret not making the effort now that you could. So, if you spend time on sleeping, spend time at work, and then spend time at trading, what is left for you? Nothing, when do you go out? When do you watch a movie? When you do play a game? When do you date? If married when do you spend time with your wife? It becomes a tough thing and it takes a lot of hard work to not make that a problem in your life.
Dedication really matters. Anyone can do trading but not all are capable of doing it.
Even leaving the job, its not an assurance that someone will have success in doing trades.
On that part of choosing trading crypto over a job, it needs a serious approach to decide what's the best thing to do.
Even leaving the job, its not an assurance that someone will have success in doing trades.
On that part of choosing trading crypto over a job, it needs a serious approach to decide what's the best thing to do.
Not easy for sure, I have been doing this for many years and I can say that its getting harder by time. Not because of the job itself, job is fine, but because you also live a life.
So, if you spend time on sleeping, spend time at work, and then spend time at trading, what is left for you? Nothing, when do you go out? When do you watch a movie? When you do play a game? When do you date? If married when do you spend time with your wife? It becomes a tough thing and it takes a lot of hard work to not make that a problem in your life.
Yeah, it is a tedious task to concentrate on different things at the same time. Good is to have the time allocated for different purposes. To me trading is just a way to increase the holding, here I just open a trade and leave it. When our preference is to execute the trade on the hourly basis the risk and the concentration is must. Living with job and trading is possible to some extent. So, if you spend time on sleeping, spend time at work, and then spend time at trading, what is left for you? Nothing, when do you go out? When do you watch a movie? When you do play a game? When do you date? If married when do you spend time with your wife? It becomes a tough thing and it takes a lot of hard work to not make that a problem in your life.
Not easy for sure, I have been doing this for many years and I can say that its getting harder by time. Not because of the job itself, job is fine, but because you also live a life.
So, if you spend time on sleeping, spend time at work, and then spend time at trading, what is left for you? Nothing, when do you go out? When do you watch a movie? When you do play a game? When do you date? If married when do you spend time with your wife? It becomes a tough thing and it takes a lot of hard work to not make that a problem in your life.
So, if you spend time on sleeping, spend time at work, and then spend time at trading, what is left for you? Nothing, when do you go out? When do you watch a movie? When you do play a game? When do you date? If married when do you spend time with your wife? It becomes a tough thing and it takes a lot of hard work to not make that a problem in your life.
It was difficult to be in trading if you are in a full-time job. Just think about the time we need to spend in trading versus the time we spend on our job. You will find out that it needs more time. That is why it won't make you succeed and become a full-time trader if you are still working full-time, our time is limited and we need also to relax. We don't just talk about money OP but we also have to address our health. If we are too stress, no way we can make profit from trading, we only just fail in the end.
Currently it is increasingly difficult to get work, let alone pandemic that occurs almost 3 years and makes many companies go bankrupt, the presence of crypto trading can be a good and ideal solution to earn income, especially only with internet capital and initially looking for assets from bounties or airdrops so that they are not It takes a deposit from a credit card or bank transfer.
Does anyone here day trade crypto successfully whilst working a full time job?
I have medium experience with trading crypto and over the last few weeks have been mainly using the TradingView scalping indicator from https://cryptochiefs.io with good results. The problem is that I find it really difficult to manage the trades properly whilst working as they move fast any normally require that I am watching the screen. Kind of thinking I either need to forget about the idea or scale up from where I am and go full time.
Those of you with normal jobs, are you day trading or mainly long term crypto investors/ HODLers?!!
I would prefer to invest long term while working full time. Trading takes longer to analyze the market and can take away from working time. Trading not only takes more time but is also prone to losses. It is much better to hold for a long time with a guaranteed return, and buying regularly at low prices and waiting patiently is a profitable strategy. I have medium experience with trading crypto and over the last few weeks have been mainly using the TradingView scalping indicator from https://cryptochiefs.io with good results. The problem is that I find it really difficult to manage the trades properly whilst working as they move fast any normally require that I am watching the screen. Kind of thinking I either need to forget about the idea or scale up from where I am and go full time.
Those of you with normal jobs, are you day trading or mainly long term crypto investors/ HODLers?!!
Day trade may be similar to a full-time trade so it's difficult to do it together with your full-time job. I think it will be better to decide if what works best for you. I know many people will prefer trading because it gives you freedom so why not quit your job?
Another good thing about trading is that your earnings are not going to be limited to a minimum pay. You are sure that all the efforts that you do are going to be worth it. Still, there are people who are loyal to where they started. They are loyal to their boss so they just go for investing instead and not trading, as it is more manageable. Unlike trading, investment doesn't needs a constant monitoring.
Another good thing about trading is that your earnings are not going to be limited to a minimum pay. You are sure that all the efforts that you do are going to be worth it. Still, there are people who are loyal to where they started. They are loyal to their boss so they just go for investing instead and not trading, as it is more manageable. Unlike trading, investment doesn't needs a constant monitoring.
Jump to: