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Author Topic: are the majority of the people part time traders?  (Read 864 times)
kuronokishi10 (OP)
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December 09, 2017, 04:56:45 PM
 #1

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?
Boseda
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December 09, 2017, 05:03:03 PM
 #2

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?

Yes, many traders are just improvised gamblers. They don't understand trading is a serious and very difficult job, that's why they end up losing.
I don't trade since I don't have much time to learn it. Better to buy and hold.
laxinternational
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December 09, 2017, 05:11:41 PM
 #3

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?

Not the majority of them are traders. Only a few of the people doing trading professionally. If you mean selling crypto as being a trader, then it's right, they're all traders in the society.
Aamir1
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December 09, 2017, 05:17:11 PM
 #4

People with enough funds obviously do part time trading if they can learn how its done. They don't worry much about it though because it is not full time for them, so they just do it for just earning some extra money, and they know if they lose, it wont effect them much. Professionals traders are always very conscious about the things in trading because it is what they do, and they have no other sources of earning. So even one small mistake can make them pay a lot.
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December 09, 2017, 05:29:10 PM
 #5

Back when I was in the Philippines, almost all of the people I knew are full-time professionals ranging from Architects, Engineers, Doctors.. you name it. Then along came bitcoin and everyone switched to mining and trading. Now in our circle of friends, almost all have mining rigs and trading. Heck, some of them even attended classes for technical analysis and whatnot in order to give themselves the edge to perform better in trading. Majority of the people are still humble professionals with some aiming to trade bitcoins in hopes of getting some hefty profit quickly.

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December 09, 2017, 06:10:09 PM
 #6

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?

I myself trading fulltime cryptocurrency, forex, and stocks from past few years and I knew that people love to do trading as it gives us freedom of time and money both if we take this profession as a business. But it takes tons of effort for changing part time job business into a full time business. It took me around   years of hardwork to change my part time trading into a full time business and i am doing quite successfully and happy with it.

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DaMut
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December 09, 2017, 06:27:28 PM
 #7

the majority traders should be part time players,
only some people use it as their full job in their real life because it's very risky.
we can lose all of our money in the second,that is why many people choose trade as their side job to get profit.
i always remembered this from friend of mine :
'Trading is very hard and risky,you can lose all of your money without noticing it but at the same time you can gain a lot from it.
remember,do not put all of your money into it.
always play something that you can afford to lose,and be smart'
i can be considered as a full time traders because i spent a lot of my time doing the trade.
i am looking at it not as a job but instead it's my passion,i really like doing the trade.
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December 09, 2017, 07:18:23 PM
 #8

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?

I am a night trader who doesn't have side jobs. I trade only if there is a sure profit and if the price of the coin that I bought keeps falling, then I do nothing and wait for it to rise again even though it's risky. I am ready for the outcomes, win or lose. Soon I'll look for a decent job and make trading as part time.

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December 09, 2017, 07:59:21 PM
 #9

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?
When the price of bitcoin was well below $1000,there was many traders who were not that curious on leaving their main job and concentrate full time of trading and analyse things,but in the past few months,big money is poured into bitcoin and we would see big market movements and the amount of users will be real professionals.
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December 09, 2017, 08:09:34 PM
 #10

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?
In the world you can meet every type of people. Some people do trade as a part time while some people do job as a part time and trade is their aim also some people don't even know about trade or a job. Most people look to their profit and then according to the profit and income they perform a job or trade and I think that is the right way because people do their best in their own way.
angaper
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December 09, 2017, 08:28:25 PM
 #11

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?

I am convinced that most of those who are part of this business are newcomers fascinated by the possibility of becoming rich through trading, with no more weapons or strategies than their enthusiasm and confidence. And that's why it's so common to see people complaining about their failure eventually, calling the bitcoin a Ponzi scheme or similar stupidities.

In my personal case, I have been involved in this business for more than five years, and most of my income definitely depends on my trading strategies and decisions.
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December 09, 2017, 11:19:53 PM
 #12

Side Job, buy, wait signals and sell.
My core job is a farmer, when bitcoin crash, economy crash, internet crash, my farm will still produce food for me and my family. Cheers!
laxinternational
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December 09, 2017, 11:28:21 PM
 #13

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?

I'm part time, I can't find spare time to become a full time trader. This is like my hobby to manage my assets only. I can spend only 45 minutes a day in total. I hope I can increase the time I spend on trading.
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December 10, 2017, 11:01:32 AM
 #14

I mean of all the people who are trading do majority just do it as a side job for just a little profit or most of the traders dedicated traders who don't have any side jobs?
What type of trader are you?
I am agree with you.I think , majority of the people 90% are part time trader.But few people only trade.They don't do any others job.But they are very expert and they have huge knowledge about trading.And I am part time trader Smiley

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December 10, 2017, 12:13:19 PM
 #15

A lot of people are trading with the main job. But for a successful trade you need to constantly be in the market, monitor it. And if you have the main job, then this will not work. If you learn how to trade, then you can throw the main job and make the main job - trading on the stock exchange.
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December 10, 2017, 12:22:15 PM
 #16

Side Job, buy, wait signals and sell.
My core job is a farmer, when bitcoin crash, economy crash, internet crash, my farm will still produce food for me and my family. Cheers!

I know many of my friends has actually now into full time trading or some business related to cypto currency. And rightly they made decision because this surge in btc price has helped them made some money which ideally they would not have made during the whole year.

Yes some might be doing it as a part time as well like on weekend when they have a holiday so they can earn some money for the weekend expenses.

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December 10, 2017, 12:27:15 PM
 #17

I think most people are long-term hodlers, if anything.
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December 10, 2017, 12:32:59 PM
 #18

I'm a type of trader that considered this venture as a part-time job or hobby, and I do believe that a large percentage of traders does the same thing. Except for those people who started during Bitcoins earliest days, where they have full advantage of harvesting coins (investments). I have a regular work that I can't focus on monitoring the market price every single minute or hour. I'm more into buying coins and hold for such a period of time until it reaches my desired target value, which I will sell and buy again, if I think that the price is low and reasonable.
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December 10, 2017, 12:39:05 PM
 #19

How can we decide the percentage of part time or fulltime traders? Bitcoin exchanges are the main platform of trading activityFull time traders are professionals, they do trading activity in exchanges, sometimes they work for exchanges, and exchanges pay them salary for the same. Some are part time traders they do trading activity on their own while doing their main job. Some traders are just gamblers; they do trading activity without any prior study. Bitcoins rising price attracting many part time traders towards it, they do this trading activity to earn extra income.
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December 10, 2017, 12:39:33 PM
 #20

I'm certainly a part time job trader since i don't really have the funds or the time to make a full time job out of it . Profit can vary a lot and i don't believe that i should only have an internet job . A real job will keep me in the society and make me legible for lots of things that need a real pay check .
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