Im a full Time Trader

[deisik]

I have to ask: What does it mean being a full time trader? It can mean different things to different people. Some people even think that long term investing is trading. Could you explain what being a full time trader means for you? Because if it means that you trade for a living, and are not making any money that sounds horrible. Besides, you should give us more info: what pairs do you trade, what time frames, at what exchange, do you use leverage, are you trading crypto exclusively, etc.

Means i trade at the screen 3-4 hours per day. In 1 hour sessions. Then learn and prepare offline 3-4 hours per day. No other job. Meticulous number keeping records.

I should count how many trades Im in executing daily. Maybe 50- 100 per day. I make money from every day except 3 days that BTC dropped hard and it gouged my account profits. My management of these risks needing improving

I think your approach to trading is quite obvious

And as I'm inclined to think, it is a wrong one. In short, you are massively overtrading. Just think how many trades you could have not made and still have gotten where you are now. All in all, you are making trades not so much for profits but rather for the thrill of trading itself. Now that you see you are not earning anything (or earning just dust), you come to realize that you are basically wasting time, money and effort. What you need to do is become more focused on your primary goal, and that is profit, not making as many trades as possible

[GregH37]

Are you a really a full time trader? So it means that this is your job, to bring food in the table for your family? If so, you are not making money then how can you and your family survived? Lot of contradiction on you statement, looks like you are just trolling here.

I really guess that he is just trying to put a smile on someone’s face, mere reading his write-up, I could picture him to be a comedian. How can he qualify himself to be a Full time trader and yet has not been making money, I guess he doesn’t even know who a full time trader is, and not to talk of being one.

How can you continue doing what does not bring money, it is just like a waste of time, I am guessing he is still in his practice stage and yet to grab all the necessary strategies that a successful traders applies to their trading, he might have even been trading with intuition and not putting into practice his technical analysis and fundamental analysis that will make him trade in the right direction.

[GreatArkansas]

For me, it depends on how we trade. I know a lot of people are in full-time trading, they can earn money to sustain their daily needs. Maybe because they have their own strategy on how to trade, also they have risk management. Being a full-time trader needs a focus and patience, because you don't have any source of income, so if you lose in trading, you will end up nothing.

[LUCKMCFLY]

And I am not making the money. Discussion,.

I think you should change the strategy, you should not be at full time, I think that is not life, also learn to understand the market, because only then you will not waste time or money, I advise you to read books about Wyckoff and Jesse Livermore, which, have a vision of the market that still serves in these times and is applicable to all markets, whether in Forex, Stock Market and Crypto.

Do not just apply the technical analysis, read the books so that you have your own arguments and solid bases so that you can understand the market, learn to read the volume very well.

[gabmen]

For me, it depends on how we trade. I know a lot of people are in full-time trading, they can earn money to sustain their daily needs. Maybe because they have their own strategy on how to trade, also they have risk management. Being a full-time trader needs a focus and patience, because you don't have any source of income, so if you lose in trading, you will end up nothing.

Guts dude a lot of guts. I admire those people who manage to get through by just trading. Though i think many of these have side businesses for contingencies. Life would be good if you manage to become a legitimate and efficient full time trader.

[arpon11]

For me, it depends on how we trade. I know a lot of people are in full-time trading, they can earn money to sustain their daily needs. Maybe because they have their own strategy on how to trade, also they have risk management. Being a full-time trader needs a focus and patience, because you don't have any source of income, so if you lose in trading, you will end up nothing.

As humans been we focus more on survival first before thinking of profits and expansion.  Trading is a game that we don't always understand the end and as such it is very difficult for some of us to makes money through.  95% of traders lose money and only 5% makes profits from the market and be among those 5% is what should make you a full time traders.  Remember that in trading you must understand the technicalities and Fundamentalities of the market.  You cannot make money from the market if you cannot developed your skills and knowledge on how to make it successfully because only the professionals makes money from the market.

[Ailmand]

I guess there's something wrong with what you are doing. You better check your strategy if it isn't working well for you. If you're a full-time trader and isn't earning money then how are you going to sustain your daily necessities? Trading is profitable if you know how to apply the basic strategy well.

[Genamant]

And I am not making the money. Discussion,.

I think your post needs more details on it
How and where do you trade?  And what do you want to discuss?

[mornabo]

For me, it depends on how we trade. I know a lot of people are in full-time trading, they can earn money to sustain their daily needs. Maybe because they have their own strategy on how to trade, also they have risk management. Being a full-time trader needs a focus and patience, because you don't have any source of income, so if you lose in trading, you will end up nothing.

You also need a lot of free time, a full time trader can spend their time on the market, do analysis at any time, standby in the market for monitors, therefore you need more time allocation, so it's no wonder that many full time traders don't have job in reallife, because it really needs focus for a full time trader

[kennen1113]

I guess there's something wrong with what you are doing. You better check your strategy if it isn't working well for you. If you're a full-time trader and isn't earning money then how are you going to sustain your daily necessities? Trading is profitable if you know how to apply the basic strategy well.

Indeed, he needs to reconsider the strategy and what he analyzes because if he is a full-time trader, his life depends a lot on the profits from this market but until now, he still couldn't make a profit with it, it was really a dangerous signal to his life, so he needed to be serious and considerate, look for reasons for this result and improve it, and if he still can't find the reason, he should change the other job

[BlueStackz]

And I am not making the money. Discussion,.

It look me almost 5 minutes to laugh uncontrollable for me to be able to gather my strength again to type this, Trading is not for everyone man, at the same time, I am very sure there are some things you have not gotten right, the adequate knowledge to qualify you for trading, the right skill and strategy, and I am sure you are also yet to work on your emotion too.

The most important of these is knowledge and practice, you need more knowledge and more practice to put you into right step, trading is not gambling, it requires lots of attention, you need to know how to study your chart, make analysis and so on, if you are yet to become perfect in these, you might just be using live trading for demo course.

[Supercrypt]

if we monitor chart in every second ofcourse we will.but profesional trader will not do this.they just spend only few time in chart.usually in a day they make observation in which coins that profitable.and after that they take their time for refreshing.

We don’t even need to monitor our chart every second , it depends on the time we have set for ourselves, normally if we were to be in an office, we will work maximum of 9 hours per day before closing and ever since we have been doing so, it has not had any challenge on our health, if we take trading as our office work.

We must first set the time we intend spending on the trade and the time interval of trading, if it’s an hourly trade or so, provided we have a platform that can stop loss and take profit, we can take time off for that trade to close but we would have been studying the chart for the next trade with a more relaxed mind.

[Bagaji]

If you are a full time crypto currency trader and from what you have experience from your trading career, you believe there is no profit and you want to found out what is responsible then what you need do is to change your trading method and try another one that works for other people.

I will equally, advise that you should work on you money management policy and if you don't have then try and develop one, so that you will not be too emotional when you want place trade.

[yana.lis]

Perhaps you have chosen the wrong tools? Some trading platform helps users to facilitate work with cryptocurrency exchanges and reduce risk.
Binance, Coinbase, BitMEX, Bitfinex.... Which one do you use?
There is some new trade platform if you want to try something new https://twitter.com/Oneexbit1

[dvdrewritable]

Trader can not always be traded, you must be very skilled to be a trader. You must have the right knowledge about trading. Analysts should know how to get a trade. If you do not have any idea about how to trade, then loss will be done to trade. You have to trade and understand the analysis.

[mace15]

Not all earning such money in trading. Full time trader requires a lot of time and effort to earned. It takes time management and doing analyzation. But you should know where to stop and take profit for some they lose because of not thinking well able to become impulsive buyer and seller.

[samcrypto]

And I am not making the money. Discussion,.

That's too bad for a full time trader because it becomes your job and you should be able to make money. Maybe you earn some profit but you have loss much, and that can be the result of your strategies. If you are just a new trader then its fine to lose for now, but if you are a trader ever since then the problem is not the market, it is inside yourself. Full time trader takes a lot of works, you should not be too emotional and have a more profitable strategies.

[freedomgo]

Not all earning such money in trading. Full time trader requires a lot of time and effort to earned. It takes time management and doing analyzation. But you should know where to stop and take profit for some they lose because of not thinking well able to become impulsive buyer and seller.

You'll definitely do that if you are a smart trader, you know when to stop and the best definition to that is to know when to sell.
Stop is quite different since we never stop if we are making money and we can make this trading as our career to improve our financial standing.
I am not a full time trader but I can make money in trading, how much more the people who do it full time.

[calya]

Not all earning such money in trading. Full time trader requires a lot of time and effort to earned. It takes time management and doing analyzation. But you should know where to stop and take profit for some they lose because of not thinking well able to become impulsive buyer and seller.

to be full time trader was not easy. we need doing alot of thing as you said above.and only 5% could be profesional and successfull trader in cryptocurrency or forex trading. i am sure they already scrifice all money and time.

[sana54210]

For me, it depends on how we trade. I know a lot of people are in full-time trading, they can earn money to sustain their daily needs. Maybe because they have their own strategy on how to trade, also they have risk management. Being a full-time trader needs a focus and patience, because you don't have any source of income, so if you lose in trading, you will end up nothing.

You also need a lot of free time, a full time trader can spend their time on the market, do analysis at any time, standby in the market for monitors, therefore you need more time allocation, so it's no wonder that many full time traders don't have job in reallife, because it really needs focus for a full time trader

Honestly from your points, I get why it is necessary OP is not making profit, I was once in a situation where I spend time from morning till night on analysis and studying when to enter market, there was just no right point for me using analysis, I don’t know if I wasn’t getting the analysis right or not, I kept looking at it studying it till I realized I had spending hours doing so without entering trade.

Although that was during forex trading, and before I know it, I repeat the same thing second and may 1 day out the week, I finally decided to enter trade using my intuition, until I took a step further into keeping trade aside first to get use to analysis and trained more before it started working for me.