How do manage portfolio efficiently while having a full time job?

[deisik]

There is a misconception about being full time trader, they thought that full time trading is required to monitor that market everytime. I'm a full time trade and I also have day job. I can manage those both at the same time because I commitment and passion. Even if I have day job, I can still focus in trading because I have alerts where I can be updated every time in the market. But for those who want to have advance technical analysis skill, it is better if you will allocate morr time in studying about trading

Well, opinions may vary

As this is likely not what what most people picture when they are talking about being a full-time trader. As I'm inclined to think, they mostly refer to this idea or situation in the sense of making a living out of it. Indeed, that doesn't mean you should be glued to the screen all day long (as most successful traders are definitely not) but you could still rightfully call it your full-time job, and even beyond that (more like lifetime passion, "true calling")

[Google+]

Okay so when we talk about portfolios we can think about the fact that the holidays are a great time to enter some projects , you can even go abroad and invest some money into it , at the same time in your own company you can state your intentions and then actively participate and get the pass from your seniors .
You could also work in various projects in your same job because jobs are not just limited to doing the desk work , just like the university you just need to earn some credits .

well, I really agree if the vacation time from work can be used to recap everything that has been purchased so that you will know your portfolio, but I think a more efficient time is when you finish work, set aside a little time to recap your trading within a day and when the end of the month You can calculate profit and loss for 1 full month.

[angrynerd88]

Easy and efficient way to mangae the portfolio is just hold leading potentioal coins,Trade coins for long term with using TP and SL. Long term trade minimize the pressure you just put a trade and look at free time the position of trade.
Day trading is not for who are 9-5 job holders because day time trading need attention and more time to get expected results.

[criza]

Having a full time job while investing is hard to manage, considering the volatility of crypto currency that cause its price to change anytime. Regarding with the said problem,it is better to invest in coins that are less likely to change its price in a rapid pace and has less chance for its price to decrease. But, be sure to always secure your investments, for it is hard to focus on two things at the same time like your job and investments in the crypto world.

Bitcoin has a lot of potential in this coming month because of the halving, you might want to consider investing and holding it.

[yslyv]

Easy and efficient way to mangae the portfolio is just hold leading potentioal coins,Trade coins for long term with using TP and SL. Long term trade minimize the pressure you just put a trade and look at free time the position of trade.
Day trading is not for who are 9-5 job holders because day time trading need attention and more time to get expected results.

Agree. if you dont have enough time to follow graphs and daily news, it is very risky to make daily tradings. it is better to hold good cryptos instead is the best.

[karanggatak]

if we have limited time then we should only hold good coins for long-term investment. like bitcoin, ethereum and litecoin. then we make targets at what level we will increase or at what percentage we will buy down. I think this is not too difficult to do. and occasionally during the hour of our break we can also see the movement of coin prices.

[batang_bitcoin]

Agree. if you dont have enough time to follow graphs and daily news, it is very risky to make daily tradings. it is better to hold good cryptos instead is the best.

Daily trading plus having a full time job is a burning money. It is required to monitor the trades from time to time and if lacks of time better not proceed with the plan. I prefer to buy crypto or stocks that doesn't have to be monitored all of the time, while working with some other things, I can get back to it and look how much it have grown. The strategy is like planting a seed and water it for a while, get back to it then harvest if it's necessary. Daily trading isn't for everybody but it's also free to everyone that wants to try it.

[outatime1]

This is one reason why I only do longer term trading.  I can't devote the time needed to be a good day trader since I have a full time job, plus a wife and kids.  I have to just rely on good long tern decisions and hopefully it will pay off.

[electronicash]

This is one reason why I only do longer term trading.  I can't devote the time needed to be a good day trader since I have a full time job, plus a wife and kids.  I have to just rely on good long tern decisions and hopefully it will pay off.

that's what one should do if they have a full time job other than trying to become a full trader. you don't even have to use that coinalarm suggested by OP to observe portfolio in real time but just having an exchange mobile app will work. just having a sell order with your target price for your profit taking. i have this done to some altcoins that don't monitor a lot because i'm more focused on BTC trading that i do everyday while also have a day job.

[tbterryboy]

I also have a job and my Bitcoin Investment is usually on a long term. I use different wallets because I am not the type that likes relying only on one wallet due to lack of trust. But when it comes giving notifications on prices, Coinbase wallet app does the job perfectly for me.

I check in only when I have the time, the notifications from the app usually helps me know where the price of the assets I bought are really heading. And I also like the fact that my phone has a pretty good lock screen notification display, so whenever I get the notification from the app it just pops up and I look at it and continue the work I’m doing.

[Triffin]

This is one reason why I only do longer term trading.  I can't devote the time needed to be a good day trader since I have a full time job, plus a wife and kids.  I have to just rely on good long tern decisions and hopefully it will pay off.

That's nice if you are having a job then it is good to trade for long term and also work in your office. When you want to trade for day you will have to quit your job and pay fully attention towards trading so using both needs proper time managment. Right now i am long term holder and also I am trading for long term to get good profit along with my other job.

[darewaller]

You’re not the only one that is in this kind of situation, I’m also facing the same. I still have a job that I’m doing and I go to work eight in the morning and I stay at the office from then till six in the evening and I start going. By the time I get home I always feel tired and the most important in my mind is to cook food, eat and go to sleep so I can wake up early the next day. The only day I don’t go to work is on Sundays, but still I will have to go to church lol and return by twelve in the afternoon.

Lots of things keep taking up my time and the decision I have made is to just invest what I ever I’m ready to lose, whether I lose or make profit I will take it.

[USBitcoinServices.Com]

If you have "normal" people job (office job, having to transport daily back and forth, use a car, etc) I would strongly suggest you become independent like freelancers, but considering that freelancers need to be disciplined with their time and well organized if you want to become a successful one!

Many people are shifting to that style of work, work from home. To change that all starts with the firm idea in mind first!

[dvmmayowa]

This problem get even more complicated for people that work during weekends, fortunately or unfortunately i fall in that category and i still create time to blog about crypto, (i should say its an addiction).
Latest news and trends are as important as safekeeping your assets in space, if you miss out on a particular information, it could be the rrason behind some silly decisions which can rekt you in the shortest time possible.

[Maheshkumar_Hrangkhawl]

First of all, I don't think that it is very intelligent to accumulate dozens of different cryptocurrencies. It will be better to concentrate on a handful of different coins, especially if you have a full time job. Apart from that, you need to track the new developments regarding various cryptocurrencies which you are holding. For this, you need to regularly check various crypto news sites.

[USBitcoinServices.Com]

you need to track the new developments regarding various cryptocurrencies which you are holding. For this, you need to regularly check various crypto news sites.

That is true, managing many different coins is a time consuming, it is better to focus on projects we believe and we can see that those projects are having real use cases with community support and community-oriented problem solutions.

[hahay]

I'm not sure about that because when you first made the choice of several cryptos and the project that was invested at least you have research so you have a portfolio there, so you can have a target when the right time to go back and check what happened and me do not feel the need to check it every day because early research that will make you manage it more simply but with the ultimate goal which of course is accompanied by good confidence.

[KnightElite]

I'm not sure about that because when you first made the choice of several cryptos and the project that was invested at least you have research so you have a portfolio there, so you can have a target when the right time to go back and check what happened and me do not feel the need to check it every day because early research that will make you manage it more simply but with the ultimate goal which of course is accompanied by good confidence.

Confidence is a matter but it is not enough to earn profit while having full time job. We should know what we are doing, we should be aware to the cryptocurrencies that have potential in the market. For those who have full time job, invest in cryptocurrencies where its market is an uptrend. The price moves in trends and we should not buy cryptos that are downtrend because 100% sure that it will go down more.

[julius caesar]

There are some application out there that lets you check the current price of a specific coin in just one click. It will help you a lot to decide what coin you should avail or invest. It will also help you to predict the next price movement of that coin that will for surely gonna help you in your trading career. You can try to check the blockfolio app. That is good for monitoring cryptocurrency market price movement.

[deisik]

Personally, I think the whole question is a little bit far-fetched or even contrived

Many distinguished and famous investors long before Bitcoin noted that most profits are earned through mid-term to long-term trading as well as holding. Warren Buffett has been saying that for literally decades. And while cryptocurrencies are different from stocks or even regular currencies in the sense everything moves a lot faster here, having a full-time job in no way prevents you from managing your portfolio efficiently, and, more importantly, effectively, which in this case means profitably

In fact, it can even contribute to this task greatly if you approach it wisely. When you have a full-time job, you have an independent source of income, with the implication being that you don't need to worry about every price move. Apart from that, your mind will be occupied with something else, so you don't get stuck in vicious anxiety loops, and can therefore make rational and informed decisions. The latter most certainly means there's no need in reshuffling your portfolio on a daily basis. In this way, you can effortlessly let your profits grow and reap them when the time is ripe