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

[akram143]

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

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[alani123]

I think that you don't really need to carry all that risk if you're a working class person. BTC is, put simply, too much risk, and any crypto investment carries even mroe risk. At least BTC is disconnected to an extent from stupid statements or actions from developers. Every other crypto isn't.

I would argue that if somebody that is working class would like to invest, they should only do with a portion of their savings. Let's say that 10% if your income goes to investment so you can be safe from risks as a working class person. Only a sub-portion of that should be high risk. To that point, crypto won't be that profitabe. If you really want to manage a portfolio, stick with stocks and maybe keep putting a portion into crypto regularly, for the fun of it.

It's just sane financial advice to say that with the risk crypto carries, you shouldn't invest in it what you can't afford to lose.

[Subbir]

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.

Yes  you're right I also sometimes face this problem  Working a full-time portfolio makes it very difficult to manage a portfolio  but I feel very tired reception. and dealing on holidays is that the neatest thing to try to within the morning because doing all the add at some point is often stressful sometimes  During that point  the top is cold and doesn't feel disturbed.

[Gheka]

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Bots can help us be more flexible in the market even when we work but the cost is often quite high, sometimes it is not a reliable subject, if we don't spend our time checking bots, bots are most likely turned into tools to ruin our assets, discourage those who are busy investing in these tools. Returning to management and working effectively, although the market does not require us to observe often but as soon as we place a buy or sell order, we need to take responsibility for it and therefore should not bring trading into the main job and vice versa, allocate separate time frames for both

[FlightyPouch]

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.

That is the problem in diversifying your portfolio, you might not catch up on the quick changes in the price. I did experience where I am waiting for a price and never thought that it already reached it and the time I checked the price is already getting back to its normal price. If you have a full-time job, better minimize your portfolio to good and popular crypto currencies.

[bitbunnny]

Well, if you are not professional trader you don't have to be present on the market 24/7.
Also, it's better to chose long term strategy. Thus you will diminsh the risks and you will not be under pressure all the time every day. Besides chances for higher volume profit are on long term. Also, it's good to diversify portfolio and make more comfortable situation without cinstant pressure. It's very much possible to be successful trader and have a full time steady job.

[Vishnu.Reang]

It's very much possible to be successful trader and have a full time steady job.

I can't agree with your statement. If you are a day-trader, then it is really hard to concentrate on anything else. Because you need to track the important developments almost 24x7. And this is impossible if you have a full-time job. If you try to manage both of them, then you will suffer losses in both the sectors. And it can even result in the termination of your employment.

[akram143]

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Bots can help us be more flexible in the market even when we work but the cost is often quite high, sometimes it is not a reliable subject, if we don't spend our time checking bots, bots are most likely turned into tools to ruin our assets, discourage those who are busy investing in these tools. Returning to management and working effectively, although the market does not require us to observe often but as soon as we place a buy or sell order, we need to take responsibility for it and therefore should not bring trading into the main job and vice versa, allocate separate time frames for both

We can make money easily by doing crypto trading in matter of minutes which takes 7 to 8 hour in a day job but crypto earnings are not constant and highly risky but in a day job some kind of assurance to make constant cash flow for near future.So avoiding trading while working can be good idea but if you are having lot of savings already and have some other passive income then better be a full time trader is the smart choice.

[spike420211]

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.

The functionality you listed looks fantastic. I do not know any application that could boast that thanks to it someone could choose which coin to invest in.
Even a block folio has an exclusively informational nature. To understand what you really want to invest in, you need to study several projects, assume their future profitability, and only then make decisions.
I don’t think that any of the applications created at the moment can greatly facilitate your task.

[Janation]

This is hard.

I think it is better if you will just be focussing on good cryptocurrencies you can invest in. If you want to really diversify your portfolio, you can download an app that can show you each price changes in what you put in your portfolio. Though you can check all those prices, you might miss the good changes where you can do your trades.

[bearexin]

If you really want to have a full time job and not spend too much time on crypto, the best case is probably just using a bot or a system that allows you to rebalance your portfolio to whatever you want. Nowadays people are even building stuff like social media trading where you basically follow someones buys and sells and do exactly the same, if you follow people at evenings a bit and then do what they do, you may spend a little less time on rebalancing as well.

I personally think that it is quite understandable for a person with a full time job to just buy the top coins and just let it sit on their wallet for a long time, that way you are not really a "trader" but at least you are an investor who might happen to make some profits thanks to long term investing.

[spike420211]

The best thing you can do is just stick to invest without too much of trading activities. Trading requires lot of time in the market as it is very volatile. And just invest with the top coins 5 or 10 coins maximum by this you can get the information about those coins very easily without spending much time and easy to track these when compared to other mid-cap coins.

You are right, trading is a science and a real job. Any trainer will tell you this. Therefore, the less you trade, the better your results will be.
Therefore, always try to minimize your activity as part of cryptocurrency investment activities.
Invest everything in a series of coins, set reminders and notifications on the movement of their prices, follow the charts and analytics so as not to miss out at the right time.

[Omega Weapon]

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes.

[strunberg]

If you really want to have a full time job and not spend too much time on crypto, the best case is probably just using a bot or a system that allows you to rebalance your portfolio to whatever you want. Nowadays people are even building stuff like social media trading where you basically follow someones buys and sells and do exactly the same, if you follow people at evenings a bit and then do what they do, you may spend a little less time on rebalancing as well.

I personally think that it is quite understandable for a person with a full time job to just buy the top coins and just let it sit on their wallet for a long time, that way you are not really a "trader" but at least you are an investor who might happen to make some profits thanks to long term investing.

copy trading from social media trading in my opinion was not recommended. many of them have no history that proved as good trader. we must know their trading history before they join in social media copy trade. since many platform provide this feature, many traders stop improving their own trading skill. bot trading or copy trade didnt make us as profesional trader that able face any condition in crypto market. although we have full job, atleast we must spend one or two hours to learn about trading skill.

[akram143]

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes.

Even with a single coin and stable coin pair you can keep your day busy all the time so it all depends on how we much margin we set to reach by trading.

[hahay]

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes.

Even with a single coin and stable coin pair you can keep your day busy all the time so it all depends on how we much margin we set to reach by trading.

Orders for stop loss and profit can be adjusted there and that way we can still spend a lot of time for full time job, trading and managing a portfolio basically can still be done well if you have enough skills. Anyway, checking can be done whenever you have free time, it is just to make sure if your portfolio is maintained and we don't need to trade every time because it will only have a negative impact on your own portfolio.

[Sanugarid]

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.

Absolutely, the important thing is that you have a solid portfolio that you do not need to check it everytime. The thing is that you should have back up plans if something has changed on the market that will affect your profit.

You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.

Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.

Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes.

Even with a single coin and stable coin pair you can keep your day busy all the time so it all depends on how we much margin we set to reach by trading.

It is also depending if you are doing long time holding or day trading because the portfolio is different depends on those two. As long as your profit is secured, even if you are not checking it everytime, it is good.

[Money_Wizard]

I think that 9 out of 10 people have the same situation as you. You just need to prioritize. If you get too tired of your work, you can exchange it for easier work. If you cannot do this because it is important for you to get the stable salary that you have now, then this is your choice. Then you will have to adapt to such a regime. When I have the same situations in my life as yours, then I'm motivated by the stories of those people who have achieved success in their field. These people didn't know any special easy conditions, they simply aspired to their goal no matter what.

[imstillthebest]

 you mean 9 to 5 hours  of job per day ? what kind of job was that , a typical job is only 6 to hours max and the rest are only be overtime  or you must be doing alot of overtimes  ? well if this is your work schedule you are always tired and cant do any sideline jobs    .  i believe you are already earning alot so there is no need for you to work for more  .  if you really love crypto then you should swap it over your current job   .  i know and you know its unstable but to the person that has a passion on something  , he will find a way to improve his craft  .

[ser7878]

you mean 9 to 5 hours  of job per day ? what kind of job was that , a typical job is only 6 to hours max and the rest are only be overtime  or you must be doing alot of overtimes  ? well if this is your work schedule you are always tired and cant do any sideline jobs    .  i believe you are already earning alot so there is no need for you to work for more  .  if you really love crypto then you should swap it over your current job   .  i know and you know its unstable but to the person that has a passion on something  , he will find a way to improve his craft  .

Unfortunately, in many of unsuccessful countries typical working schedule is 9 working hours, 5 days a week.
That's sad, but the one who got this schedule would want to escape it asap (for instance with crypto's help)