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

[Karmakid]

You can download a blockfolio app for your smartphone so you can monitor the prices of your cryptocurrency holdings and also the gains and losses. If you are holding your cryptocurrencies in an exchange then you should set a stop loss so you can minimize the potential loss for your investment and you can easily move on and try other cryptocurrency investment.

[Mahanton]

Thanks everyone for the advice! I had decided to adjust my portfolio for long terms investment, primarily in Blue chips and alts that had potential - established team, well-delivered/realistic roadmap, consistent development as well a more discipline investment schedule, guess the ups and downs of day trading is too much for me to handle while maintaining good performance with my programming job.

I would advice you against investing in fake promised projects, it is better to invest in top alts or in bitcoin rather than taking chances because in my experience these road maps and promises are hard to fulfill.

A better or wise idea for you to take.Diversifying is good but be sure on what coins you are considering into and come to think that
we do have thousands of coins in the market and most of them are total trash or sh*t. So just being sensible on where you should go
then go for the established and been mainly supported rather than to those low to have no value coins.Checking out your holdings doesnt
really consume much even if you do have a full time job.

[notthematrix]

First, you probably lack of any trading skills so don't even try to play the day/swing trader when you have no clue about what you're doing.

For the average trader, the best thing you can do is fix limits and stops, make a plan, how much you want to win and how much you're willing to lose.

[btcmurat]

I'm writing early purchase orders. I check whether the transactions have taken place during the day. And again I'm entering sales orders. It's hard to buy and sell daily. If you're working full-time, it makes sense to make longer-term plans.

[clickerz]

That is the problem of many people who want to trade cryptocurrencies. They want to trade but their schedule is bery tight because of their day job. Proper time management can solve this problem. It is a good thing that cryptocurrency trading is open 24 hrs because there are markets like stock market that have specific trading time. Also seek different strategies that will fit to you even if you have day job.

People who are having a day job shouldn't trade in more than a couple coins as more coins in your portfolio means that you should be giving more time to study each and every one of those coins and this becomes very burdensome in long term. So what I suggest is that you should consider having only a couple of coins in your portfolio this makes it easier to follow them and also you will be having spare time for investing in family.

I agree, more coins mean a headache to you unless you are not serious to gain. Trading is time-consuming too, as you have to make analysis and research on each coin. Also, add the factor that crypto trading is volatile and prices can change anytime being unexpected or beyond your analysis.

[heidikim]

I think a full-time employee should make long-term plans. Short-term trading can be very difficult. Trade is already a difficult job. You need to concentrate on the constantly moving market all the time. Bitcoin is a very abrasive investment tool.

[sapnu]

First, you probably lack any trading skills so don't even try to play the day/swing trader when you have no clue about what you're doing.

For the average trader, the best thing you can do is fix limits and stops, make a plan, how much you want to win and how much you're willing to lose.

You need to have a solid portfolio in order for you to earn and at the same time having a full-time job in the field. The thing is that you need to have knowledge about trading because we all know that trading is a hard technique to earn cryptocurrency because there are small-term trading in which you can trade time by time and there is also a long term trading in which you are trading your token in a long period of time. In order for you to earn money that you desire, your portfolio has to be solid, and especially it must be secure so you should choose a trading site that is legit and secure.

[DevilSlayer]

If you have full time job, the first thing that you should do is to identify if you are swing trader, a momentum trader or a bounce trader. If you identify what type of trading are you, the second that you must do is to know what type of trading setups are you going to use that is suitable for you. You are busy in day because of your full time job so find a trading setups that are applicable to use even if you are not monitoring your portfolio. Managing it is really tough but I'm sure that you will get used to it.

[BellIcon]

I just got myself a new laptop, thinking that it would be a good investment if I carry it around work, so during the down time I can come here. Keep me more active in the crypto world.

[KnightElite]

If you have full time job, the first thing that you should do is to identify if you are swing trader, a momentum trader or a bounce trader. If you identify what type of trading are you, the second that you must do is to know what type of trading setups are you going to use that is suitable for you. You are busy in day because of your full time job so find a trading setups that are applicable to use even if you are not monitoring your portfolio. Managing it is really tough but I'm sure that you will get used to it.

It is better to be a position or a passive trader if you have full time job. You cannot become a day trader because of your schedule. Monitoring the prices are the challenges facing by many people who have full time job. Be a trend follower where you will only hold while the price of the coin is continuing to increase. Do not use also short term strategy because it is not applicable to your schedule.

[AniviaBtc]

I use block folio app as well. With the app, what need to do is just add your coins and from time to time you check the progress of your coins.

Again, what I usually think or suggest for a trader both cryptos or forex trader who is very busy is to take up a lesser job or give up the job entirely and focus on trade etc. You can make good money from it (except the person is a professional like medical doctor etc that wants to keep practicing, then you work out your schedule ).

But what if your job makes a lot of money than trading??? Is there a chance that you'll sacrifice trading? I know someone whose work range from $20,000 per month. Is that enough for you to give up trading and continue your passion at the same time earning salary.

Think wisely on what will you do because there are a lot of opportunity in this world and we should not waste them. I believe that professionals earn more money than trading.

[sana54210]

That is definitely way to go, I mean if you invest into BTC-ETH-LTC-EOS type of coins you will not have to take a look at it that long, you just buy them and store them carefully and not do anything about them at all, that's it.

However, if you want to keep looking at some small ones then it will get trickier, you may not know whats going on in the team itself, I usually join the discords of these coins or slacks or telegrams whatever they have and talk with the team and get to know them better and see what they are doing to improve it, that takes a lot of time, it is not even that profitable neither because they look like they are doing something major most of the time but it fails, so all in all I feel like investing into the big important ones and not looking at it is the only way to go for someone busy.

[CyberKuro]

Thanks everyone for the advice! I had decided to adjust my portfolio for long terms investment, primarily in Blue chips and alts that had potential - established team, well-delivered/realistic roadmap, consistent development as well a more discipline investment schedule, guess the ups and downs of day trading is too much for me to handle while maintaining good performance with my programming job.

I would advice you against investing in fake promised projects, it is better to invest in top alts or in bitcoin rather than taking chances because in my experience these road maps and promises are hard to fulfill.

Yeah, not easy to judge whether a project will be successful in the future or hard to get breakeven. The percentage like 10% good project and the rest out of question, just dont get involved. Bitcoin and some famous altcoins such as bch, eth, are the good options to invest in long-term, whenever bitcoin rises up, those coins more likely to follow bitcoin to rise as well.

[Cherylstar86]

If you have full time job, the first thing that you should do is to identify if you are swing trader, a momentum trader or a bounce trader. If you identify what type of trading are you, the second that you must do is to know what type of trading setups are you going to use that is suitable for you. You are busy in day because of your full time job so find a trading setups that are applicable to use even if you are not monitoring your portfolio. Managing it is really tough but I'm sure that you will get used to it.

It is better to be a position or a passive trader if you have full time job. You cannot become a day trader because of your schedule. Monitoring the prices are the challenges facing by many people who have full time job. Be a trend follower where you will only hold while the price of the coin is continuing to increase. Do not use also short term strategy because it is not applicable to your schedule.

We have our own way in trading process due to our different experiences. I definitely agree that monitoring is the most challenging part in which you need it a very long time in order to know the possible next move you are going to do and can have a possible good return. We all know that being part here is just a pastime , hoping to have a good return and just like in trading process that can be a full-time or a part time job.

[Yatsan]

You can download an application that is for managing your portfolio just like blockfolio. or if you are trading, just hold the stable coin, and you will be okay. I would suggest BTC, ETH and XRP those are my favourites coin. I am not monitoring them from time to time, because their price is stable and manageable if you have work or a class if you are a student. Or just simply hold Bitcoin if you don't really have time.

[meliodas]

Since you have a full time job, there is high probability that you don't have much time to invest in managing your portfolio. So my suggestion is, you should only invest to the cryptocurrencies that are strong enough to stay in the market for years. Try some portfolio monitoring apps so you can check your holdings easily.

[DaveWave]

Blockfolio app is a big help so you can easily watch your coins. But you still limit your coins into 3 to 5. Holding more requires times when there are sudden pump and dump. People reacts when there are big pump and dumps. For me, I buy and sell when there are pump and dumps. There are many coins out there to replace another coin. Bitcoin is the only coin that I haven't tried selling it all.  

[huige007]

I just got myself a new laptop, thinking that it would be a good investment if I carry it around work, so during the down time I can come here. Keep me more active in the crypto world.

This is the key to make good money in the crypto market. the more you spend time in the market, the more you learn about it and the more knowledge you have the more chances you have of buying right crypto currency on right time and selling it off when the rates are high to secure decent profit. If your laptop is not big in size, then do carry it with you during work and when you are free, visit your profile.

[Quidat]

You can download an application that is for managing your portfolio just like blockfolio. or if you are trading, just hold the stable coin, and you will be okay. I would suggest BTC, ETH and XRP those are my favourites coin. I am not monitoring them from time to time, because their price is stable and manageable if you have work or a class if you are a student. Or just simply hold Bitcoin if you don't really have time.

Ive been using this app for years when i do tend to look up on my holdings without the need on opening my wallets.
I have a full time job and theres no time for me to have access anytime or does have the vacant time on checking everything.
With my phone you can easy check on a snap on whats happening on your holdings.If you do see an opportunity to sell then thats the time
i do urgently go to a desktop.

[darkangel11]

I'd say it's almost impossible to work full time and trade coins. Most rallies are fast and don't even last a day. If you can login only on weekends like OP you will miss out on many opportunities. Probably the only option for you would be to install a mobile wallet with an option to sell your coins or keep them on an exchange with stop losses active all the time. Both of these aren't completely safe but it's better than nothing.

Or you could skip trading and go long term hodl. We're probably in the end of the accumulation phase for both bitcoin and altcoins so buying now to hold for another year could be a good decision.