Bitcoin Forum

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?

Absolutely correct but there's some sort of risk in trading which makes many to be afraid of it. Personally I love to trade and am learning to trade but, the risk involve are high and must be taking with care or otherwise run at losse. We know the gains accrue to trading compare to our daily jobs, anyone without risk management shouldn't venture onto trade.

Well goodluck to the OP if he chooses to work full-time and I understand his reasoning. However, there are a lot of members here that has the same mindset back in 2017, saying that they are going to quit there job because crypto trading was giving them more money than having a regular 8-5 job. But lo and behold, crypto winter come in 2018 so I don't know how those guys survived during that time, specially bringing food in the table for their family, just saying.

Trading strategy that works? Personally tbh, I doubt that there's a strategy that ALWAYS work. I do trade and I have a strategy, but there's a timing for it to work and it depends on the situation.

Full time job - stable, secure, and steady paycheck ---- Yes
Trading - it's not always a win win situation

So for me I'd rather do both, full time job and part time trading. Good luck to you anyway :)

Literally I am doing trading full time but not too often. :)

I only do trades with certain profit margin other wise just close all my doors and keep watching my other business.

good thread. it was also thought about in 2017. But I think more deeply, that my real work is a hobby too, and can provide regular income every month. so I prefer the safe path, by running my two jobs, namely between trading and jobs in the real world

you are forgetting something, you can't make it to work without initial capital
if you're aiming for $240/day and assuming this is 1%/day profit (30%/month)
then you will be needing $24,000 as initial capital to achieve your daily target
if you do have that much fund ready and can make your plan to actually work out,
you still have to face the possibility of losing your profit and capital in the single event of deep crash

are you ready for all that risk vs profit situation?
be a full time trader with possible high income/profit that comes with considerably high risk
or just work full time, get a steady paycheck that you can save or place in a long term investment

You can do that in parallel today: a stable job and by the way still trades. Today there are much better ways to do that than before. It is not easy and hard to sit in front of the monitor all day.

Everyone has different luck.
I think trading has a big risk, and it's not easy to get daily profits. I think that combining trading with other jobs is wiser for finance.

A good way to try your hand at trading is trading on demo accounts. If you can trade profitably for a long time on demo accounts, you can make a real trading deposit for an amount you can afford to lose. Further, depending on the results, you can create your trading strategy and either increase or decrease funds on the trade deposit.

Starting capital is the most important factor in doing trading I'm not a full time trader I have a real job in real world 8hrs per day doing trading is my part time job, I dont want tobe a full time trader because its risky you dont have assurance you will earn daily or you will win its better to have a real job to support your hobby doing trading. Making money is not easy as what other imagine you need tobe hardworking and dedicated in your life to achieve your goal.

I have thought of this a lot, and whenever I get to think what I would do after I resign at work, I know I would be focusing on my trading and being able to focus on learning more and more to be more effective. I do agree with your mindset that you are making someone else richer by working a 9 to 5 job. What stops me right now is my study. It's making me unable to really pass a resignation letter towards the admin department.

I'm nowhere near resigning but I know what I would be doing. I guess it's best to have a backup plan whenever you make the wrong decision or something. I'm thankful with Gunbot to make trades for me even though I'm busy with work.

For me having huge capital in trading and being financially stable is the ideal thing that you must consider before doing a full time trader, this is not applicable for a bread winner like me and other hodlers here. I want to become a full time trader where I can manage my own time but the risk is high and the future of my whole family will be on risk so maybe this is not good for me also.

Trade can give you a lot of money but you have to remember that you have to achieve a level of skill without being able to succeed here. The efficiency here is most important because it's more like the number of lasers, as well as the number of losers.
finally focus your skill.

many people got burnt chasing the dreams of full-time trader. most of them thought it would be easy, but you need to put all your efforts, skills, time and energy to make it work.
and in the end of the day if you make one big mistake it can erase all your hardwork.
trading is not for everyone, so think twice before quiting your 9/5  ;)

Full time trading sounds like a goddamn nightmare to me. You'd never switch off. You'd be constantly worried about being wiped out. You'd spend most of your time isolated consumed with lines and dots. That doesn't sound like much of a life to me.

By 'the time you come out of it the other side you're broke, several hundreds of kilos heavier, your skin is translucent, you don't have any friends any more and no employer will be turned on by the huge hole in your history or your swivelling eyes and twitching.

Hardly anyone lasts at trading and I wonder how many who do last regard it as a life that's fulfilling in any way at all.

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.

Some people who only see successful traders from their profits and not what they do to be full time trader. So a lot of people think trading is easy thing and then they leave their job maybe to focus on full time trading. And like what you said, can't survived.

I love your enthusiasm but on realoty day trading isn't really for everyon much more if your permanent job is on the line. You make it sound like that these aspiring traders only needs a strategy and a plan to earn in day trading but the truth is there is no guarantee that you will earn from your day trade even if you have a strategy or knows technical analysis very well. For people who want to day trade I just want to say try it out firat in a portfolio management app to see if you can really earn from it based on how you trade.

Only get profit not means a full time trader still have a lot of  signal group premium and free, profit is not main fact main fact is skill get professional trader not easy  if you want full time trader read,learn and practice then decision .
 

Nobody should really put "but I have no money" as an excuse in this type of topic. When I quit my job and decided to be a full time crypto person I had 17 dollars in my name. That was enough for maybe 4 days of living and not a single day more, honestly it took me only 2 days to finish as well. If you want to be full time crypto then you can find work to do everywhere, you can find virtual assistant job, you can find airdrops, you can find bounties you can find signature campaigns. Those are all free to join and gives you money for your efforts.

If you keep making that type of money then you can do affiliate networking, you can sell stuff and make commissions and you can start to trade as well. All you have to do is trust yourself and your talents, you will be on your own feet in no time.

If I personally do trading in my spare time because I still have other activities and obligations for me, the reason for this is that I don't do it full time because the capital is lacking, the risk is large and I don't have full time to always monitor the movements of altcoin or bitcoin so  I like to do a little more on the sidelines of my daily activities

I believe op said " full time" and that means that you don't have any business except trading. I have been trading part-time and it has not been easy for me. On Saturday I analyze the market and my indicators show to me that trend is going to reverse and I ought to hedge my Bitcoin for usdt but because I was at work I could not do that and that is one of the inconveniences that does come if one combines work and trading or business and trading. If you are low-income earners it is better you learn how to trade full time and you should know that trading has no guarantee of making profits, therefore, calculate the risk before leaving your day job for trading.

Maybe for intraday traders, scalpers. For swing traders and position traders trading high time frames, it's not as bad as you think. The OP is talking about needing to earn $240/day but for a swing trader, that's averaged over weeks at a time. I don't trade more than a few times a week.

Trading is mostly about sitting and waiting. Stop loss triggered? Back to waiting for a setup. Trade took off as expected? Just keep rolling your stops up and waiting. Let the winners run. It's all very mechanical at this point for me. I check the charts and/or adjust positions and orders a couple times a day, that's it. The rest of my time is free for more leisurely or productive things.

In my observation here in crypto trading, if you trade most of the time there is a high chance for you to learn a lot through our experience in the actual platform. And once We master it, for sure profit will come to us daily in our lives. but it will takes time first before anything else, due to you to know how to read candle stick, scalping, timing, and using bot also.

I will not go full time except if I have another source of income which is reliable and long term. Otherwise, trading for me will simply be an extra. Even the best traders do not end each day with a profit. That is the reality. It appears appealing at the start, studying trading and doing some calls but it really is not. I don't think trading gains are enough for me to be sustained with all my daily needs. Sometimes, instead of gains, I lost.

Trading full time are only for traders that has skills and well planned strategy.

I tried to become full time in trading before, since I dont have real job yet at that time. But its not easy as it seems especially if the outcome is not what you expected it to be.

You need capital to start with and if you can manage to make it grow whatever the status of the market then you can survive.

yes only pro/skillful traders can be able to trade full time because they are good at analyzing  . they can easily predict on what will be the next move of the coins and they can be able to make a profit even at small hikes  but for us who are starters , we are being too careful on our moves and we dont act quickly  . we are making long term observation a week or two and even months if we will make a trade order or not  .

I'm currently mainly a swing trader and I don't forsee myself changing much from this style of trading for the time being. I don't need to invest too much time into sitting at a desk because I have identified stoplosses and take profits before I enter a trade (you should be doing this), so I can set up trades and just let them go while I do other things. Besides that, I've really never been good at LTF trading and it does seem more stressful to me considering you need to be at your desk more for LTF trading.

As for the main question, I will likely never go trading full-time. Just seems like a very stressful activity to me as I know people that just sit at their desks all day trading, and I'd rather just have a regular job and trade on the side for now.

Trading full time is good if you have reserve fund with which you can fulfill all the necessary needs. With trading one could earn big out of the same in a very short time period as well can loss big in a very small time period. With cryptocurrency nothing go as predicted, if there happens a coincidence will get big return and the same if goes in the opposite direction it makes it a big risk of losing.

Easy to say but would really be hard to achieved yet not all people are capable on doing trading even myself

do still have doubts to go full time yet I'm not still sustainable so I'm not rushing to let my daily job put up on risk.
I might go full time but not this time.

days ago the price was in the $13000 and see the current price:

https://i.imgur.com/TLIXJSt.png

Is a very high price drop, even if the person has a good strategy will be inevitable to have losses, now imagine if that person only lives of trade? the person begins to think about the losses, the bills that will have to pay, it's too much pressure. You should not leave a job or business in the real world to just live of trade

Life in trading is isn't easy..that's all about. Even you have skill and huge knowledge in trading but still subject to fall at any time.
But we can't deny that a lot of successful traders find comfortable in doing and they put their whole life in trading. This thing it means that, we can actually do it but it is gonna be tough..

Since I made a huge profitd at margin trading before, I also thought that I could leave my full time job and be a full time trader. But it just made me realized that the market is full of surprises: unstable market conditions or volatility, whales manipulation and etc. Come to think of it, it is not always the "winning part" in crypto trading. And I can still do some tradings even if I did not give up my full time job. Think wisely.

Truly Trade losses is unavoidable, however price drop is also a gain in a world of trading

Being full time doesn't necessarily mean sticking up your nose in front of the charts, I actually define it as an equal or much greater achievement of earnings as employed one for a minimal period.

Gain confidence before leaving your work, how's your trade going on with your style will actually make your decisions more firm.

If it fail then it will cause too much stress. The risk must be minimized, cryptocurrency is not the only one invesment that can grow our wealth. Atleast we must have 2 kinds of income. 1. Steady income even though there are few in number 2. Unsteady income that the number continues to grow. Only full time trading is not so good for our emotions, we will get more presure if we rely on full time trading and it can disrupt our trading plan.

Trading is also not that easy as you speak of and if you consider the stress in trading and the uncertainties, you will prefer to just stick with that your $240 per day job than to trade, before you can start to even earning up to that $240 per day in trading, you must have gathered lots of strategies, experience and then have large amount of money to trade, or you do day trading, because there is no way that you can trade with something around $500 and you make up to that, not even when you compound the interest.

For me, I prefer to just stick with that my daily job man, and then save money to invest into a long term investment, at least one that is reliable like bitcoin and some other top coins that I know can give me a high return in future no matter how long the waiting is.

As long as you can analyze the market and don't greedy to make a profit, you will have a chance to make 25% of the profit from doing trading. But remember that the percentage value will always vary and you don't have to be sad if you cannot reach your target percentage because you will get it in the next days. But to do full-time trading will needs more than just skills because you need an effort to support you to analyze each coin to find the right coin.

With the kind of capital i use for trading i don't have any option than to be at alert  at all times and that involves  me being online at all time. So i have to substitute my work  for trade. My trading is full time

You can do this while you are single.
Try to maximize the opportunities that you can get.
But, when you have kids this cannot be tolerated. You will look like an irresponsible Dad and you dont want to hear that to your wife and your kids.
Yeah, I am an old school type of person where I dont want to be jobless and my wife will work for the family. That is not just me.
Staying at home trading might work. But it aint stable. If you are staying in a cheap place where you are alone and pays cheap rent then it might just work.

I am not scared to step up and trade but I cannot risk it all for it is my savings for the kids future.  ;D

Good thing you have that much courage though. Good luck.

Full time trading for me isn't just right, I do not see how one can 100% depend on it, based on the high rate of volatility.
Trading was never meant to be ones sole source of income, or job.
No matter how successfully you trade, you definitely need a job in real life, something to raise income should trading go bad, something to enable you put in sufficient funds into your trading account/wallet.

Full time trading in my opinion should never be supported, it may never sufficiently provide all your needs.

The thing that i can see in the OP is just fancy texts.
Literally it hurts my eyes reading in that kind of way.
You could have mentioned in normal texts.
Nevertheless the points mentioned are somehow correct.
You cannot just reliable on trading and can't make it a professional job.
Trading is not dependable. Who knows whenever you can face losses?
So you should always have a back strength like a full time job that can help you in your financial crisis.

As long as we can learn step by step of trading, I am sure that we can be like them. No matter if in the next days we got a problem, with the skills we have, we can solve that problem and we can find out the way and get a solution. I am sure if we can continue and not stop, we can use trading as a job, and we can be a full-time trader like other people.

Yes, definitely. This is the crypto market volatility that can bring traders the best profits. If you are going to deal with this business seriously, become the full-time trader, you can make much money, but the experience is needed.

This is true and even I been doing this stuff ever since without leaving out my day job.It isnt really that necessary for you to go full-time if you can

make some money with a very minimal time spent.It do matter with your own trading style or system which neither either full time or short ones
if you do know on what you are doing then you will surely profit out.

It's better not to judge life only from profit alone, but look at the social aspect as well, if we trade full time, of course it will greatly affect social lives, because our time is only for trading. then what does it mean to live rich but not have friends. that is also if it sucses in trade, but if we fail in trading, we will suffer more because we lose everything.

Trading is a nice career if we had such funds to is as capital, and that you're fully equipped with skills and experience as well. Without any of that certain quality, I don't think doing it full time by your own could provide us an assurance to make it successfully.
Trading full time needs strong motivations and most importantly decision making is having strong foundations.

Why make things complicated. If you want to go full time on anything then go. We have different preferences about working full time on something whether single or multi jobs/works. No need math for that as long as people can sustain their necessary spendings and quite able to save money regularly.  And of course, if people are comfortable doing it.

About thinking of trading full time while deciding if will leave a day job, always remember that there's no regular income in trading since you are playing with the volatility, your regular spendings will come here, your necessary and unnecessary things will come here, tour urgent and emergency needs will come here - everything. If you think you can handle that and you are really eager to push then good luck.

Life is full of despair and struggles. We have to admit that whenever or wherever we are in a field, we always meet a problem. Full time trading has been an issue until now. They no longer succeed based on what I saw because of lack of support. Yes, we can trade full time but we need also to have sustainable income that may support to our basic needs. We cannot force the market to give us income always.

Exactly, more funds and skills to be needed in order for you to succeed and your decision making is very important since every buy and sell you’ve made will affect your money. Having a lot of time in trading, and analyzing is the key for a good trader.  If you want to work full time in trading then prepare yourself.

That's is your choice nobody can stop for your decision, your have enough mind in your own way how to earn money. And your correct trading is all about math but need and effort and strategy to get earn and I personally enjoy working in trading because I understand the risk and the possibility to get earn huge in the right timing.

I am considering to go full time in trading as well. There are recent events in my office which made me think that going full time in trading is better than driving to work 2 hours and going home another 2 hours, pay $6 for parking fee and another $6 for the gasoline. While if I trade those expenses will be removed since I will be working from home however, I need to work a lot on learning TA. In trading we can earn $1,000 in a day but we can also loose $2,000 in 1 trade.

Quitting their job to be a full time trader is risky. Sure some people made it in the past and had success, but it's not a consistent source of money

So it's going to be a difficult decision on you mate and I wish you the best. The only thing with having a regular paying job is that you expected something in like every 2nd week and end of the month that can bring food in the table for your family. So there is a lot of trade-offs, pros/cons here and I know how to feel about it. Traffic, lost hours, parking fees and stuff. Maybe the best thing to do before really venturing to crypto and quitting your job is that you have enough savings so that if something doesn't go you way in trading, at least you have a plan B.

If I will quit my current job, full time trading would be my first choice to do in the wake of resigning at young age. The measure of cash from retirement benefits will be utilized precisely for trading as starting capital. It is anything but a simple arrangement for me to do, yet I have to end up free at youthful age. Working until retirement age of 60 isn't a suitable age to make an incredible most, so this exchanging can be a decent chance to take great risk to oversee both family and funds. I may win or misfortune over the long haul, at any rate I lived easily and worked with independently.

Yes, if they don't have any skills in trading, of course, that will be too risky because they cannot expect and hope to always make a profit, especially at this moment. Right now, the market is not stable, and the price can move to any price, so if they cannot analyze with the right, I don't think they can be able to make a profit.

But if they learn more about trading before and they think that they can make a profit in any situations, then quitting from their job could be possible because, in the trading, we have a chance to make an unlimited income that will bigger than our jobs.

I think the trading full time is not for all trader. Need more experience with the high amount of invested money. Only who has more knowledge about trading he can trade full time instead of the job. But has little knowledge he should not enter in full-time trade without the job. very Job is favorite for I think.

We have to likewise consider those bustling occasions that is required for our family. Trading full time ought to be finished with schedules, since you can't put your whole day to be centered around exchanging. Tradinf is separated whether you're long term or day trading.

It's better to go there and identify it as a job. I have some friends who set up a team and they spend full time on trading for cryptocurrency. They said that in order to keep up with the actions and the increase in regular demand with high volatility. A large enough reserve fund can fully support your life than receive monthly salary fund in real work. Anyway, it's a really serious idea to decide.

It is certainly a good idea to trade full time, but the fact is that transactions will not always bring success. For this reason, it is not right to think of this activity as a main profession or to compare it with the professions we are doing to sustain our lives. Of course, in some cases a very good return will be achieved, but there is no guarantee that it will always trade with positive results. For this reason, full-time trade should only be carried out by experts, who usually do this as a commission.

trading is a simple way that can give us an advantage in this field, but to continue to focus on our trade, of course, must be based on skills in trade to get satisfactory results. but if we spend a lot of our time just trading I think it should be avoided, it would be nice if we trade just using the free time we have so that it does not hinder other activities

Most people are still afraid to trade full time, they are still not sure whether they can get consistent profits. They still think what if they leave their jobs and choose to trade full time, after which they suffer losses. Well, this is always in my mind when I still didn't know about the procedures for trading, but at that time I had a high will and started learning from the bottom.

There is no job that is not stressful, one just have to do one that can bring money to the table to meet up with expenses.

The only thing I know is that day trading full time cannot be mixed with other jobs, day trading requires attention and full commitment which takes time, and only those who wants to choose trading as their main job are the ones that can go through the stress of trading, which is why there are many areas for everyone to fit in in crypto trading, day trading is not the only trading available, there are also long term trading and I think I will personally prefer to just stay with longterm trading because of my work and my time.

I have been buying coins and holding till they mature to take profit and this method has also been fetching me lots of money.

But any smart trader will still be able to walk through this provided they are not on leverage, and they don’t close their trade, if someone trades at $13,000 and the price drops to this amount, what the trader just needs to do is to be patient and wait till it goes back to the $13k, and while waiting, he takes the opportunity to trade at this $10066, to make money when he climbs back to like $11k.

Any trader should know that we are already in uptrend, and the volatility during this period will be high, that is why you don’t trade with all the money at once, you must always share the trading money into different parts in other to use it as correction for some. I traded at $13k too, and still holding on that while I have used the second part to trade severally around the fluctuation between $10k and $11k.

I'm not yet skilled in trading so I prefer to keep my job and go for swing trading first while still learning. Experienced crypto traders can make a lot because already marters the art of trading and they can afford to quit their job to go full time. Going full time means you already studied and mastered the necessary technical indicators and tools that mostly used in the trading.

We never can be sure that 100% successful in trading so you need to keep saving money from your job and work at the remaining spare time sure you can make lot of money like the people who are doing trading full time but only need is that you need to keep money to survive if your money from cryptos lost.

I will never trade full time, it`s not for me. It`s interesting and fun in the way I`m trading now, when I can and with amount I can afford to lose. Going pro have its pros and cons, I know it`s not for me, it would be too stressful, I`m sure in that. I would start to care a lot more about my trades, I need to be online most of the time.
I`m not a greedy trader, I know when it`s enough for me and I will stay amateur trader forever. I believe crypto market will outlive all of us, so why to change something that`s going good for me.

It has to understand that trading in fulltime will somehow be difficult if we don't have enough funds to start with and also deep market understanding. Yes, it can be more profitable but the risk also is too high.
We can be in fulltime trading if we are ready enough to take the risk and accept any consequences may results as trading isn't an easy task to thin of.

The point of making trading as your full time is because you want to allocate your full time on it, you are treating it as your job that will generate money from you, and of course you cannot start with a small amount of money, otherwise, you'll not get any benefit from it due to long hours spent in a daily basis, you need to be productive, trust yourself by risking a decent amount to see a result of a decent profit.

You can make any solid plan to be a full time trader if you have a million dollar in your bank account and you have a secondary income.

If you have enough money in your bank then there wont be any stress about the pressure of making money to survive. And people who are smart will not dedicate their life to go full time on a trading platform as you cannot consider it as a full time job unless you are managing the assets for someone else and that requires specialized skill set.

Making money is not that easy and the amount of profit you make depends upon the market situation and you cannot expect the market to go high all the time and if you are able to predict the exact market movements you would have being a millionaire by now  :P.

Never as i am realistic enough to understand that i am not going to profit all the time if i am trading daily and i do not want to stress myself all the time.

Trading full time can be a good option for people who want to make a bigger income than their works, but they need to have skills in trading so they can be able to make money. Since bitcoin become popular, many people have changed their work, and they involve deeper in trading just because the income is very tempting to them. But only a few of them who can stay in trading for a long time, especially if they can learn more and more about trading because learning trading is not easy.

maybe for me full time trading becomes a job. because right now trading should be done in a while, and I think this might be one of the things that can be done by professional traders

Even crypto market didnt still exist there were already people who do go full time with trading but in forex and stocks.Its really possible for you to make such income if you do know on how to trade but before you would come to this state then you would really experience all the possible hardships that you would face on.
Being consistent on making profits wont really be achieve overnight but once you do able to attain it then rest assure you would have the advantage when it comes to making money.

Trading is really for a full time professional and not just for anyone because trading full time is really a killer of time, yes you are right about trading full time requiring a huge money, but anyone interested can still start, although they would not be able to start as full time, they have to start from just trading few hours, days and week and keep building whatever money that they would want to put in the market till it is big enough for them to become a full time trader.

I think with 2 BTC, someone can become a full time trader and I started the crypto business with about 0.4btc, now it has grown to over 2 BTC, and if I want to trade a full time now, I think I can. My point is that any trader should start from little, then nature will automatically upgrade them to being a full time depending on how professional they are.

Trading strategy just makes your trade become easier. Still it's not guaranteed you always get the profit from trading, sometimes you will just lose the money.

If you are not fine with that, just make your own job(entrepreneur) and pay someone to do the job for you.

It doesn't matter how good your math is, trading is not something that generate you fixed income. Sometimes you could get nothing from there or even losses. I'd rather stay at my primary job and do trading for a secondary income. At least if I had losses, I could have just recover it with my other job.

Before you decide make sure you are aware on the risk on choosing full time trader rather than to your real job, you have a point in your opinion and yet I saw a lot of people earning money in trading but always remember its not applicable to left your real job todo trading.

Agree, some people can step into the real world, step out of their work to become a full-time trader because they have enough facility, talent, even luck to succeed with this idea of them but remember they have the conditions to grow, have opportunities and luck while we cannot have the same things, as you say, don't apply their lives to us. Some people's success cannot judge the success of others, and even they succeed, they used health, time, and accepted pressure to exchange, the full-time curse of traders is forever living next to the computer and avoiding real life

Right, if you have a high-skills and you can make money more than your income from your real job, then I think quit from the job will be no problem. But if you still learning about trading and you cannot make a profit at any time, then I don't suggest you quit the job because you need money to buy your daily needs. And with the income from your job, you don't have to worry about borrowing the money from other people plus you have another source to make money.

Every one of us knows very well about the trading because in trading there is huge risk involved in it, people who have patience and dedication will always make some decent profit through trading. A person who doesn't have experience might lose money in the beginning, but if they understand the situation of the market then definitely they will make a profit with the experience they got.

Trading is a curse for those who does not have the knowledge and the strategies required to go through the system, trading is one of the easiest way to make money to me, the reason why people just face lots of challenges in it is because they fail to duly follow the principles of trading carefully, and once you go out of the principles of trading, you will find it very difficult to work in it except you find your steps back.

Trading is never a curse to anyone, but the inability to make use of it is what a curse is. Just like someone said, he said cryptocurrency is  just a tool and not the bad thing here, but the bad things are the ones that are using it in a fraudulent way, so if we need peace, we eliminate the bad people, while in trade, if we need to make it, we have to gather enough knowledge about it.

expert traders doesnt start skillful but they all start as noob without any knowledge or strategy whatsoever but they are only willing to become a trader so they dedicate thier time learning it  . we all can become a trader if we want to  , it only takes guts and willingness .

curse is something that is bad  . you arent curse if you dont know how to trade .  and i dont know if curse really do exist because i only see it on the t.v's and movies  .

I know how good it sounds to go full time trading but we do have to think about all the possible outcomes of it before quitting the day job.
You might be earning a good amount of profit in the current trend through your current strategy but as we know the trend changes quite often in crypto and so does the strategies.
You should have a backup plan ready if the market goes against you. Just imagine you are facing continuous losses and you don't have a stable job aside to pay your bills.
That will turn out to be a nightmare. So going full time is not the problem here but we have to make backup plans for possible worse case scenarios too.

That's not a curse, but rather if you're not having success no matter how hardworking are you. Probably you've been cursed unto something deeply spiritual and cannot be associated with trading. Full time trading is a serious and financially driven matter, and we really need to focus on this. Every time we fail don't expect any bad things linked to it, it's our fault and without having enough skills is the main reason why we failed so we need to learn from that lessons.

The main difference between the job and trading is you will work for you you and you are the owner in trading job no one can answer and question for you so if you are a full time trader then you have lots of Liberty to do better things and better innovations in your strategy so full time trading is also helpful for you in different situation.

I'm on the brink of deciding if I will go for it specially, now that 3 of my friends who knows that I trade Crytpto want's to invest a total of $2,000 and all they are asking is just 8% per month interest from that $2,000 locked for 1 year. So regardless of how much profits I earned from their investment, all i'm going to pay is just 8% from $2,000 USD. I am tempted of accepting the money and trade for them. Problem is we don't know exactly how Bitcoin or Crypto is after a year from now and I am not that confident yet that I can earn more than 8% a month.

I heard too there was people who makes trading as full time job and they were sometimes sharing their profit results on social media and it's quite tempting me indeed but for me the reality is far from it that although i did trading but i don't dare to became an full time trader for it because trading is unpredictable jobs which is too risky for me especially when downtrend happened there always be difficult to get profit from it and if i only counting on my trading profit then probably i could not able to feeds my family because to get daily profit it was very hard to do so

Lets stop being illogical here. There is no such things as a curse, but a bad streak can happen to anybody who is trading for any period of time. People may not make mistakes but circumstances go against them. We humans have the tendency to not take things straight but put in spiritual context wherever we deem fit.

There is only practice that is needed for a trader and a strong mindset. Being superstitious makes a trader weak and fallacious. Be diligent in what you put your money in and you should be good.

I recently started to trade cryptos full time after I got sacked from my regular job. But, it is very difficult to finish up a day in profits. I am already I have lost almost 10% of my initial capital (which is a small compensation from my previous job). Now, I plan to go back to any regular job by keeping crypto trading as a part timer.

Being a full time trader, has not worked for me too.

Good. It only proves majority of people here are suggesting. That crypto trading is not a replacement for a regular 9-5 full time job because of the risk involved. So I do hope you can get back in time and find a full time job that will bring food for your family and not just rely on crypto trading.


Exactly, there's no way in the world that I will quit my job just because I'm earning decent in crypto trading. Remember we need consistent flow of money, to pay our bills and bring food in the table. Let's say keep crypto trading in a side to generate extra money.

Funny yet a big truth, that's not for everyone. As much as I know that we all would like to sit at home sipping juice and earning income, but it's not as easy as you think. And I'm not going to do it because others are doing it. If you're reading this, don't just quit your job because you think the money you're being paid at work is not enough, you can still get another job as ask for an increase, something you believe you're worth. And if you want to go full-time trading, you should consider the risks that are involved and know whether it is something you can deal and if yes, then go ahead and if not, then it's best to keep it as a side job.

Consistency is the exact thing which is missing out in the results of crypto trading (I do believe in every type of trading too). When we are completely depending on crypto trading for living which will put more pressure on our performance and it is proven that no one could make good decisions under pressure.

That is right, consistency is a word not present in crypto trading,  ;D. A lot of ups and downs so it's really hard for anyone to really depend on crypto trading as means to survived. You need to find a good and stable job and then continue to save enough money so that if you really decided to quit and focus on your crypto trading, you have enough leeway and will not be forced or pressure to make money day in day out.

Probably in the line of 6 months to a year basket in your saving would be a good start. However, for those who have quit their job, I'm sure that they are on a struggle specially in 2018 wherein we saw the start of the bearish trend and up to this point I would say we are still specially altcoin market.

I believe that those who can live with trading are those people who had a lot of experience and has a big knowledge about trading as we all knew how risky this part of crypto profiting yet many is eager to engage

For me it’s better to have a real work,than to be a full time trader.i can also check my trading situation while in office in work time so what do I need to lose?

I gain enough income from work to support my family and do also my trading and crypto investing at the same time

True and that is very hard to accomplished in a market that is very unpredictable. And you don't want to put yourself in that situation because of the pressures of making money every day so that you can just feed your family. Does anyone knows what happen to those 'allegedly" who quit their job to focus on crypto? Right, we haven't heard about anything because they could have been in bad situation today.

Why would someone want to replace his full time job? You see, people can make money from trading and in some cases they make more money than their jobs. I know it sounds cool but you are forgetting one thing. Trading has risks associated with it. You can lose everything you have in just few seconds. Moreover there are no guarantee of making money every trade. But your job you are working on gives you a steady flow of income and has no risk associated with it.

Yes, full-time trading will need a big effort to make a profit because not every day we can make those profit. Sometime we will feel it's too difficult to make a profit although we are trying with hard. But in the other time, we feel that we can make a profit at any time we trade and that profit will bigger than usual.

We don't know-how about people who decide to do full-time trading because they don't tell the story. But every people will have their best time and bad time, and that will depend on how we can prevent the bad time that can occur in anytime.

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.

Good luck if you ever decide to go full time in trading. But as I have said before, you should have enough savings for like 6 months to a year so that when crypto trading didn't bring you the needed income to survived, still you have money to spare and not be totally depended on it.

Personally, as much as I wanted to go full time trading, I can't because I'm afraid that it will take so much of my time just to be able to make a decent profit. So it will be a difficult decision, but if you think you are ready then by all means, get into crypto trading.

Agree, completely replacing our work with a full-time trading activity, it's really too risky and even a waste because as you say, this job seems quite interesting and we will make a lot of money but this life will not be as we expected, when we have considered it a full-time job, the pressure on the work process is huge, and we all know the danger in this work, mistakes can always make us lose. And we should know that this market is always very random, full-time use is not useful, participating correctly and at the right time, and having free time we should continue a stable job, it will be better

Being a full time trader requires lots dedication, and you also must have gained lots of experiences and we know that the best teacher is experience, from experience, you would have had some failures and done lots of research to see how to tackle such failure in future and one of them is what has happened to you, as you have lost 10 percent of your trade, then you have to look back into your activities and see exactly where you got it wrong then look for another strategy you can use to correct it by trading with same amount through the demo traders, and that is how you become a full time trader, but you decision is still right to look for another job while you make it a part time job, you will still be able to make money through that also.

Not for now but who knows even I, don't know if this time will come or not. I understand that strategy of stacking up savings first and I have my plan of getting more than that before giving up my job but as I've said, even I reach to that point of I have had enough savings it still depends on the situation.

Trading takes time and that's why most full time traders has to monitor their trades. Missing every single run or a small and quick run will lose them a lot of money.

Becoming a full time trader is not for everyone even if you have a profitable system you will still get losses and in many cases this can extend for weeks or months, it is my opinion that for the majority of the people it is way better to keep their job and trade during their spare time, this way you have two income sources just in case one dries up so if for some reason trading does not work out you still have your job, besides a job can offer great benefits that can be very expensive if you wanted to pay them yourself like medical insurance or offer you benefits for your retirement that you cannot acquire otherwise.

There are thousands of people around the world working with trading full time, it is their main job. It is good to work full time with trading cryptocurrencies, if you are skilled enough and having the experience required, but for most people it is still a risky way, and personally I prefer to keep my offline job while doing trading as another source of income.

My only source of income is trading cryptocurrencies for the past four years. It can be done. All you have to do is break the mold and learn how to trade like pro. Use technical analysis and learn the philosophies and theories of markets by heart. Bull market or bear market, you will learn how to survive.

Ive been trying to have this kind of learning process.For now I do still make trades but not going full time to make it as a living.Yes, its indeed possible but for my part

this time is still hard but somehow I'm doing my best to achieve such state.I have a full time day job that's why its hard to go full time and learn all the things should be need but at least I'm doing it on gradual phase.

Traders have choices if they want to full time or not because you can earn in full time but not all traders who are spend more time in trading like a works can earn because sometimes it depends to their experienced and knowledge about trading maybe sometimes better to do part time if you have busy schedule or have a work everything will depends to the person what they are going to choose.

@EugeneOs, It's wonderful base on how you described your experience being a full time trader. Someone who lacks of experience and courage to do it will find it not interesting and will only look at the risk.

May I know on how long you've been carefully monitoring your daily trades? do you have a quota that you have to make each day so that you can say that your day has been satisfying and fulfilling since it's not a day job anymore?

Yes, it would be better to do it on a part-time basis if indeed we still don't have enough experience in trading, forcing to do it full time will only waste your time but there is also a good side to learning more. It all depends on the choice of each, as long as we are comfortable to do it why not. So make wise choices in this regard so that all the time you strive for gives good results.

The counter arguments are clearly explaining the idea behind the full time trading. Full time traders usually check the weekly time frames and they don't forget the lessons they learned through the mistakes they made. Wasting affords with small time frame trading can be a reason why majority of traders fail in this business.

I agree that if you can successfully trade, then you should seriously think about how to quit your main job and completely posyatit yourself to trade. Of course, it can be very difficult to make such a decision, because it is difficult to give up stability. But it should also be borne in mind that if you trade, then you will not need to spend money on ride, food and other daily expenses.

I think from 2017 ago, many traders have already made a huge profit, and some of them decide to take a break, and enjoy their profit. But after that year, I think it's very difficult to do full-time trading because the market is down more and more. Some of us have getting lose of their investment and trading, and many of us cannot continue to full-time trading. It's because the situations in the market which we cannot predict, so that make some of us decide to get out of the market for a while. But this year, I think we can come back to do full-time trading because the market seems trying to increase and there are so many coins that can increase back although not much. But we need to learn more about analysis in trading so we can find the right coin to trade and don't give up if we cannot make the profit.

In my experience, that did not go well.

Of course, what I did is an experiment about it. It is my week off my work and I only use profits I got from my investments and trades, I did not use my salary. Days went by and the price is not on my side, that is the thing here. Cryptocurrencies are so volatile and if you don't have that much money to risk on trading or investing, I guess you should stick to your job since that is a stable source of income for you.

To be a full time trader requires knowledge in crypto and actually it is not always a win situation when you do trading. There is a risks in trading and a trader should be aware of it. There are more things to consider when doing full time trader. For me, I will still choose doing trading and doing a job which really paying and can sustain our cost of living.

I am not working with trading full time, because I don't like to quit my offline job for a risky domain like trading. I am making some money from time as an additional income, but to feed my family I need a stable income, and in my view trading cryptocurrencies can't offer you a stable income monthly.

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.

I'm sure if they became successful as a full time trader, they will tell their story in this community. But none so far has come forward to claim success. That's why I'm under the impression that they are struggling up to this day to meet both ends. It's just sad though, I mean giving up your daily job and then focus on something that is not very profitable or at least money is very hard to produce unless you are that expect on that field and has a way to make money even at bad times.

It is necessary to take into account that a job, gives stability, is a safe money, instead dedicating full time to trading is something very different, because if you get carried away by emotions you can lose all your capital and the way to recover is very difficult , you must be very expert and with great knowledge to highlight daily earnings.

I think that if there is a lot of money destined for trading without affecting the "Good" standard of living of the human being, then you can do it, but if there is no other income of money, it is difficult to make the decision, since you cannot leave everything to Luck, in trading knowing a lot, you also need a lot of luck to be successful.

yeah i agree.  Must take the demo first to practice your skills and so that once you start the real one you have the ability to avoid such problems in it.  Its free so better to have a practice  first.  Perhaps 1 month or two is enough fort it just to obtain knowledge and strategies.

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.

I don't know many people who are full time traders and can make living out of that.
I think that requires outstanding skills and knowledge, plenty of experience and great control of stress and emotions.
Anyone who is willing to take the risk and prepared to sacrifice a lot can try. Still, many have tried but only few succeeded.

Trading full time has some risk on it especially if you are a newbie on it. It will take time before you learn the basics of it. It needs many books, many videos and many mentors to become a professional one. Take note that trading isn't for anyone so if you feel that you are always losing in trading then the best thing to do is to just stop trading and find another thing to do.

Learn obviously agree all of the point out basically someone profitable thinking are so Dangerous Things Honest mentors may  be help to be make professional trader (may be experience mentors). other hand mentor are fake not professional so lost everything.
 

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.

See trading as a risky job and the income that is not always steady. then living from trading or working full time in trading is risky. especially if you have a family to feed. then your responsibility is getting bigger and it is a big pressure for a trader. if I were you I would think so too. but a trader required to have free time and lots time to analysis, isnt it ? Are that 2 jobs not interrupting you?

Trading full time is not something required. As trading is a kind of luxurious business that we don’t require to put time into. We can do it with several other stuff and it’s the thing that makes it so good. I love doing trading as my primary way of making money but yet I have plenty of time with doing all other things. I do all kind of trading especially Crypto Trading (https://cryptolinks.com/crypto-margin-trading) since I love it and kind of stuff that could give you some seriously good chance of making money.

Trading full time is a good way to success because trading is really gives income.lf you just really want to be rich here it can to trading  just be patiently monitor the price so that you can trade and save it as you wait for the price increase coming.

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

Replacing your real comfort zone whether you are employed or not, if you are decided  to proceed as full time trading, you should know or consider many things in trading field industry.  Just the most important is that you know the consequences of trading in crypto or bitcoin world mate because this is not an easy things bear that in your mind. I'm wishing you to succeed on your new career here dude.

There is always a process for learning about crypto. We need to spend time to learn so we can master what we learn. We cannot get an instant way to be a pro trader even if we learn so hard from many sources. We need to be patient while we learn and don't forget that to be master or pro trader, we need to practice to trade in the real market so we can see every situation that will be happening in the market. Besides that, we can know what we have to do related to the market situation.

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.

I agree with you to some level but when it comes to business, it is really not easy to startup one without capital, and no matter how little the capital may be, you still cannot compare the amount that is needed to start trading  to what is needed to start business, with $100, it would not get you anywhere in business, but with that same amount, you can start trading with it and build it to a very high level within a short period of time.

When it comes to business and trading, trading only requires your strategy and within a matter of few second, you can start making money, But business, you have to keep convincing a whole lots of people before you can think of getting people to start buying your product not to talk of making profit.

There are many ways to trade the markets, if someone has a job and they believe they do not have the time needed to trade then this is most likely because they have a mistaken idea of what trading entails, they believe that a full time trader is watching charts all day and that if he blinks he may miss an opportunity in some markets, but there are traders that are using daily charts and only trade at the beginning or the end of the day and this only takes them a few minutes per day and there are even some traders that use weekly charts and only dedicate a few minutes per week.

I got your point that trading is so sensitive so that you can say  the formula is not working and because trading is all about prediction. But for me, there is a formula on how to be successful in trading. Professionals knows about that and that's why they make richer because of trading and they are also a full time traders.

Trading full time has a similarity with an employee in the company. The difference was that you managed your own time and you don't have any boss. And the profit is all in your hands, no fix amount of daily profit were anytime you can encash it anytime you want if you get a profit at the end of the day. So, it really need time and effort to monitor the chart form time to time.

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.

Well, he advised us not to quit our work, Budy. at this time I am also still looking for additional funds from bounty hunters and trading. even though it's like that, it's quite difficult to make an income using trading, and I'm not used to it yet.

full-time trading might be very suitable for those who are very fond of it. but, I think there are still risks. even if I make 100 $ / day, it is a very good thing if I can generate income like that.

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.

Well, you gave your point and it's possible that many people don't think like that. Trade is a free market. Everyone can participant here without any status or higher degree. But this is not possible for now days in the real job market. So it's not easy to think your way. And i think also that it's easy and comfort than real job.

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.

To be professional, you need to treat trading as your profession, when you are treating it as your profession, you have all your time focus on it.

This is your job actually, you consider it as a long term job for your long term journey where you develop your trading skills to be consistent and to be successful in the long run. I like this kind of job actually but I know my limitation, trading is not for everyone, it's only for those who have the passion and the skills to be successful and of course one should be a risk taker to consider this as a profession.

In reality, trading is a zero-sum game, everyone can't be a winner at the end of the game. We need losers for boosting our portfolio, liquidity providers are both winners and losers. Straight facts force me to think about the trading full time which has high point responsibilities Part-time traders fight with the other day traders and the brokers,exchanges are the solely winning side on this trading battle. Free money does not exist, particularly in the money markets.

Yes, people who completely believe in bounties will not make much money because after bounties payment, we don't see any value to those coins and it is completely useless working for the bounties. So it is better to trade full time because we might get good experience and start trading on our own.