Topic: Trading full time (Read 7398 times)

Unemployment can force someone into compulsory full time trading like you are doing. But I hope you are making something good out of it for a living? You can not guarantee what you get from bounties because sometimes the rewards become shit coins and this is sad.

I think to be a professional trader you must at least be a full-time trader because that way you prove that trading is a work that is highly prioritized for your life. But when you only trade part time you will not be able to become a professional trader, as the struggle should be the key to becoming a successful trader.

I think to be a professional trader you must at least be a full-time trader because that way you prove that trading is a work that is highly prioritized for your life. But when you only trade part time you will not be able to become a professional trader, as the struggle should be the key to becoming a successful trader.

this is a full analysis of what life should be about. we work to fulfill someone's dream not ours. i have been out of job for a year and and still contemplating on going back or not. i do trade but not full time i hope i can learn properly on how to trade to become a professional. then i can work with my savings and expenses.

Unemployment can force someone into compulsory full time trading like you are doing. But I hope you are making something good out of it for a living? You can not guarantee what you get from bounties because sometimes the rewards become shit coins and this is sad.

At the moment I am a full-time bounty hunter and trader, not because of my desire, but because of the circumstances, and what I feel is fun because we are not pressured by time and superiors, but we do not have a guaranteed income and if the market is down automatically our assets will also be eroded, so my advice is better to keep working in the real world, and at the same time trading crypto

Full-time trading is not easy fulltime trading professionally hard to make maximum people explain that trading means profit huge finally this formula is not working because someone does not handle market. other hand market tendency are sensitive basically crypto market.

What are those jobs that doesn't allow you to trade? I've heard about this before when the news about Jamie Dimon was hot but it turns out that the company itself was the one that conducts trade.

Otherwise, what are the kind of jobs that doesn't give you the authority to trade? you may get tired from your work but if others still can take time to trade, we also can. There's only 8-9 hours for full time jobs to spend whilst there's a 24 hours within the day so I'm curious to know what kind of job is that.

It is Imperative to have a side business apart from crypto and I think this is very important to have side business because trading is way too uncertain and to be able to enjoy rolling in crypto, one needs to have income flow from another business. If you have the ability to trade the coins in long term or hodl for long and then trade them, you can make good money.

It depends on the kind of job that you are opportune to do, there are some jobs that would never give you chance to trade and you know that there is no point gambling with trade.

I mean using gut instinct to trade rather than trading with technical analysis, which you know that technical analysis also takes lots of time and attention if you really want to get anything meaningful from those charts  we see, and this makes bot preferable for some people that are interest in working but their job is not fully in support of it, so being a full time trader is good, but most suitable for those who has worked for a while and probably has had enough savings that could take them through the time they will fully get use to the trading, but trading part time is cool, but little profit usually comes out of it.

learning and skills become a real package that must be owned by traders full time, now I think it might be one of the best things, but right now I don't think it can be instant to do learning about crypto and it must require a lot of process

Being trading in full time is good but only if you have skills so you can survive in any conditions. If you choose to be a full-time trader, but you don't have skills, and you don't want to learn, then you will say goodbye to your life very soon because you cannot survive. I am sure that many of us have already become a full-time trader and they have their time to analyze with their skills so they can find a good time to enter the market. You need to have a big effort to get in the market so you can trade without any problem and you can get a profit many times.

Reality check - what does it take to replace your day job?

You're out there, busting your ass, working full time to pay the bills.

On top of that, you spend a few hours trading in the evenings, and on weekends.

You’ve got a trade strategy that works, making profit as you go, and yet...

You spend 40+ hours a week working to make someone else rich.

What the hell for?

Is it the safety of a steady paycheck? Or the comfort of job security? Maybe you’re not being honest with yourself about whether or not your strategy works.

If that’s enough for you, so be it.

But it’s not for me.

Replacing that safe salary or consistent hourly wage takes only two things.

First, it takes just a little bit of math. This is really just to help with the second thing.

The math is the easy part.

Take your salary, boil it down to what you earn per day.

Chances are that it's not a very big number.

Example -
You earn 60k/year, the average American income
You work 5 days a week, 50 weeks a year - 250 days
60k/250 days = $240

When you break it down like that, replacing it becomes achievable in your mind. That mindset is way more important than the number above.

The second thing you need before you go full time is a solid plan.

That plan should include saving enough money to not have to stress about the day to day expenses.

It should also detail the minimum amount of profit you need to earn so that you can both live the lifestyle you want to live, and to keep growing your stack.

Then it’s just a matter of putting in the work to make it happen.

How close are you to going full time?

Yeah whatever you said i am agree with you.
Also only trading is really not a reliable source of income.
It's almost appreciable until and unless you survive for yourself.
But if you wanna feed your family,then you need to really find a job.
Always have faith on yourself.
Hope you understands this.

Having multiple income streams is good and I can go full time if I want with trading but my skill isn't enough so I can say that I'm still far from being full time. And even I can tell that I'm already good in trading and can make more than my daily job.

I wouldn't give it up, as long as I'm able to receive salary with daily job I'm good with that. I have plenty of spare time which I can dedicate for trading. But once when I get exhausted with my job that would change everything and if I can finally settle with trading and having stable profit with other source of income through investments and businesses, I think I'll go full time if time permits.