Treat trading as your job

[naidray]

How do you see your trading activities? Are you just here to buy and sell or you are here to have more good coins and hold it until you make profit?

It is almost considered as my "job". My real job is freelance work but in reality I am taking bitcoin as a payment option and because of that I end up getting bitcoins in my wallet instead of fiat and I have already stopped taking fiat as a payment option almost 2 years ago which means I do not really have a use for it.

Since then, I try to cash out only minimal amount of bitcoins I have and spend it on real life stuff and pay the bills and whatever I have left goes straight to binance and I try to trade there. Since it is a viable deal to make money via trading it is still important to spend a good chunk of time deciding on what to buy because you can't overreact or rush into buying something considering it would ruin your financial future if you do that.

You need to be careful and you need to take your time before doing anything. I still think long term trading beats short term though.

[pawanjain]

I can totally relate to this as I have experienced the same. I have been trading from quite a while now and my friend who is new to trading keeps asking me what to buy in order to get good profit.
He often asks me how to know if a coin will go up soon and how to know the right time to buy and sell. I advice him to learn and practice trading on his own rather than depending on a second person for such things.
We can't keep on asking others for our investments. It's better to research and analyse the market on our own and then make the investment. Even if we loose the money, we  won't have to blame others for this.

[hulla]

Many beginners want's to become a trader, but they are skipping the process and start looking for an exchange as much as possible without knowing how to trade well. Trading is not that easy, it requires a lot of research, and analysis treat trading as your Job!

One of my friend asked me about the current exchange he is using, and what coins to buy so he can make profit. Well, I don't give any advice regarding on this one because for me if you want to make profit you should know it on your own. I just give some advice that if he really wants to become a trader, go take the process, learn more and you will see what coins to buy especially during this bear trend.

How do you see your trading activities? Are you just here to buy and sell or you are here to have more good coins and hold it until you make profit?

I find it hard to treat trading as our primary job because the income that we might gain is not permanent so i could not sustain all our daily necessities so I just consider it as a extra source of income. The market is also unstable so we can't rely all our needs in trading.

Firstly, I believe you find it hard to treat trading as a primary job because you're not a day trader or don't much experience about crypto trading and that's nice though because we can't all do the samething. However, the OP of this thread was actually referring to some crypto trader which are lazy of learning trading basic analysis,skills and doing research, so he was telling them to treat crypto trading as their job.

[rumexx]

The problem with some people is that they are always in a hurry and they will miss the most things. Trading is an act which you must learn if you must succeed on trading. Trading can make or mar anybody but those who  learn to trade will always remain in the market  doing what they know best while those who skipped to learn how to trade will always be refunding their accounts after losing each time. Every endevour has a procedure on how to do it and  succeed and there is no other way. So learn and learn well so that you will be one of best.

[Reid]

Many beginners want's to become a trader, but they are skipping the process and start looking for an exchange as much as possible without knowing how to trade well. Trading is not that easy, it requires a lot of research, and analysis treat trading as your Job!

One of my friend asked me about the current exchange he is using, and what coins to buy so he can make profit. Well, I don't give any advice regarding on this one because for me if you want to make profit you should know it on your own. I just give some advice that if he really wants to become a trader, go take the process, learn more and you will see what coins to buy especially during this bear trend.

How do you see your trading activities? Are you just here to buy and sell or you are here to have more good coins and hold it until you make profit?

Process. I think that best suites the definition of starting to be a trader.

It cannot be rushed. A lot of times bad things happens to those who step in without even having knowledge and just going with the hype.
You must know what coin or token you will trade. Its history, updates, is it still being maintained? Those kind of stuffs which needs answers first and it takes time.

[avarnet]

of course because one of my jobs is trading in the crypto world, so I made it into my trade, the results of which were big enough for myself

[BitHodler]

I still think long term trading beats short term though.

Define long term trading. If it's like a year at minimum, it's more like an investment rather than a trade. Overall, the farther people distance themselves from trading, the more likely it is for them to profit. Based on that you are right.

The only thing is that it might just as easily work against you. I'm cherry picking now, but if you bought last year during the bull run, which a lot people did in the hope to profit, they for sure regret it right now.

It can easily take a couple of years before these people see the price go up to the point at which they finally break-even. It's the perfect example of how longer term investments don't always result in a positive outcome.

I think that's also why derivative platforms have gained a tremendous amount of popularity. It allows people to profit from any market direction, regardless of the sentiment. Big plus in my opinion.

[posi]

Many beginners want's to become a trader, but they are skipping the process and start looking for an exchange as much as possible without knowing how to trade well. Trading is not that easy, it requires a lot of research, and analysis treat trading as your Job!

One of my friend asked me about the current exchange he is using, and what coins to buy so he can make profit. Well, I don't give any advice regarding on this one because for me if you want to make profit you should know it on your own. I just give some advice that if he really wants to become a trader, go take the process, learn more and you will see what coins to buy especially during this bear trend.

How do you see your trading activities? Are you just here to buy and sell or you are here to have more good coins and hold it until you make profit?

Process. I think that best suites the definition of starting to be a trader.

It cannot be rushed. A lot of times bad things happens to those who step in without even having knowledge and just going with the hype.
You must know what coin or token you will trade. Its history, updates, is it still being maintained? Those kind of stuffs which needs answers first and it takes time.

Most people that rush cryptocurrency trading I think crypto trading is just the act of buying cheap and selling at high price base on past story they read about cryptocurrency from some crypto early adopters and we both crypto currency is far more than that after the high traffic.

[Lan75]

Trading is not that easy, it requires a lot of research, and analysis treat trading as your Job!

We should take trading seriously as we are risking our very own money here.

One of my friend asked me about the current exchange he is using, and what coins to buy so he can make profit. Well, I don't give any advice regarding on this one because for me if you want to make profit you should know it on your own. I just give some advice that if he really wants to become a trader, go take the process, learn more and you will see what coins to buy especially during this bear trend.

You are right, we can't advise what coins/token to buy because we have different preferences and ours might not suit them. The only thing that i could advise would be trader is "buy low and sell high".

[Finestream]

The problem with some people is that they are always in a hurry and they will miss the most things. Trading is an act which you must learn if you must succeed on trading. Trading can make or mar anybody but those who  learn to trade will always remain in the market  doing what they know best while those who skipped to learn how to trade will always be refunding their accounts after losing each time. Every endevour has a procedure on how to do it and  succeed and there is no other way. So learn and learn well so that you will be one of best.

Right.In trading,you need to be knowledgeable so you must make a thorough research and understand what you have been reading.Youtube videos may of great hep too.Later on,you will apply this on real life trading.A person who has come prepared may have a great advantage than those who come up only just to buy and sell and walks out whenever gets lose.

[thinkright]

Personally,, this was one of the reasons I started learning and I haven't regretted. I use each moment I get to learn something new in this facet. I have high hopes that one day I'm going to trade like a professional.

[yecats]

The best  question for myself is  "what does it takes  to be  a successful trader" and  the  best answer   is patient  and willing  to  fully understand  trading   by studying it   The  way I see trading  is not like  buy/sell  stocks  in the market process and be able to make profit   it's  a way  of learning the  market  itself and make  profit  from it.

[nydiacaskey01]

There are those who accepts fee's to give advise on which coin or alts to buy and there are those who accepts investments so one can trade for them for a fee. I have met this kind of trader where you can invest $1,000 USD and interest is fix, so regardless if the market is bull or bear, you will get 8% per month. And there are those who just trade for themselves on a daily basis. They have a goal to reach and they consider that as their day job.

[Stockr.co]

Of course. It's easy to sit in your pajama pants and click buttons. True progress comes from every day routine. Operating at your best. You have to stay on top of the game when trading, but also balance out being healthy. Off screen time is just as important. Impulsiveness and not being balanced leads to bad mistakes. Not all of us are good at 'jobs' anyway!

[OrangeII]

There are those who accepts fee's to give advise on which coin or alts to buy and there are those who accepts investments so one can trade for them for a fee. I have met this kind of trader where you can invest $1,000 USD and interest is fix, so regardless if the market is bull or bear, you will get 8% per month. And there are those who just trade for themselves on a daily basis. They have a goal to reach and they consider that as their day job.

Well, for now, I only sell assets that I have, and do not trade. seeing a market that was quite a crisis, made me refrain from trading. well, maybe trading will be a very good job, but for me, the current situation is less profitable.

[mornabo]

I can totally relate to this as I have experienced the same. I have been trading from quite a while now and my friend who is new to trading keeps asking me what to buy in order to get good profit.
He often asks me how to know if a coin will go up soon and how to know the right time to buy and sell. I advice him to learn and practice trading on his own rather than depending on a second person for such things.
We can't keep on asking others for our investments. It's better to research and analyse the market on our own and then make the investment. Even if we loose the money, we  won't have to blame others for this.

Just like my friends, they often ask which coins are potential, when prices will rise, and which coins are good for short terms, and so on. first of course I will not give my strategy, secondly he depends too much on me, third they will miss/skip the learning process because they always depend, you are right if you want to profit in trading, then learn and use your own knowledge, so you don't blame others when you lose

[nydiacaskey01]

Of course. It's easy to sit in your pajama pants and click buttons. True progress comes from every day routine. Operating at your best. You have to stay on top of the game when trading, but also balance out being healthy. Off screen time is just as important. Impulsiveness and not being balanced leads to bad mistakes. Not all of us are good at 'jobs' anyway!

Yes I agree. The advantage of working at your own pace and time is not a problem. No need to ask your manager for a short break and take a nap any time you want. However the disadvantage of working like this is one might not take it seriously. Its better if a room will be available just for working from home so no outside disturbance can happen when your working.

Well, for now, I only sell assets that I have, and do not trade. seeing a market that was quite a crisis, made me refrain from trading. well, maybe trading will be a very good job, but for me, the current situation is less profitable.

You will be surprised to see traders still get profits even on a bear market that we are experiencing now. They are happy with earning 1.5% per trade in a day, they sell right away when they see that they hit their goal.

[GregH37]

In my own opinion, the main reason why people chose to trade different types of tokens in order for them to make profits from it. Hodling is the most important thing to practice if you want to trade or become a trader. Let us learn to hold token and wait for the right time to sell it.

HODLing and trading; are totally two different ball game.
Trading is an act of taking advantage of the market fluctuations either in a shorter or a longer time frame while holding is to just keep holding for the long term until you are able to get the final best from you holding as an investment.

Trading is a job and it is not an easy one most especially if you decide to make it hard for yourself. It will always be hard if you take it with levity and feel you can do it without learning. With trading, you really want to get trained first and know what you are doing before hitting the charts; otherwise getting burned is something I can guarantee.

[awik p]

There are those who accepts fee's to give advise on which coin or alts to buy and there are those who accepts investments so one can trade for them for a fee. I have met this kind of trader where you can invest $1,000 USD and interest is fix, so regardless if the market is bull or bear, you will get 8% per month. And there are those who just trade for themselves on a daily basis. They have a goal to reach and they consider that as their day job.

Well, for now, I only sell assets that I have, and do not trade. seeing a market that was quite a crisis, made me refrain from trading. well, maybe trading will be a very good job, but for me, the current situation is less profitable.

at other times many say right time to invest because price is down, but you break to trade, indeed every trader has a different strategy, but has same goal, namely profit

[prtty2gal2]

I want to do this in the future to consider trading as my source of income full time
But i know i have more to learn ,my plan is to undergo trainings needed.

I don't think trading can be learned instantly, it certainly takes a lot of time to get experience at every market moment. therefore starting to study now is the right choice for the future

No, it cannot. It takes time and you really should not be in a rush when it comes to learning how to trade. A lot of people have made that mistake and I am sure the way things turned out for the must have been awful.Trading is something that you need to take your time to get things right both in learning and in practice. For instance, I had to give myself about almost 6 months of thorough learning and practicing and that was how I got it right.

A lot of people even used more than that, but in most cases, if you really want to have confidence you should learn first, and take your time to practice and build on your strategy using some demo sites. If you do not do it this way, you will just find yourself feeling frustrated at the end.