I quit my job to do full-time crypto-trading. Made 12 BTC profit last month

[Mark_R]

Most people are afraid to sacrifice jobs to do full time trading, because they don't want to lose both and are very risky.
and indeed if you really want to become a profitable trader, you must have full time in trading without involving work and other thoughts besides focusing on trading and to produce maximum results.

Tend to agree.. However, depending on various factors, you can be a profitable trader doing it part-time (if you are a true professional and have huge capital or at least manage)
But in this case, you may leave the job due to lack of necessity (if you are not a fan of it)

[panganib999]

Yes there is possible in the crypto world,But not possible without knowledge and practice.Spending lot of time on trading and making analysis and getting positive output for every analysis it mean this is best time to quit job.Without kbowledge quitting job will cost you and can face the financial problems.

Quitting job may be benefitial or good for him if and only if he is not satisfied and happy doing it but full time trading must not be the reason for him to quit his job. You can do trading in your free time as well as monitoring it. If you found  trading gives you more money than your actual job what else if you are making money through trading at the same time working on a job where you spent your whole life studying just to have it. You can double your income and also fulfill your purpose as a human in terms of socialization. There is no winning in quitting because it may leads to problems you can't face alone once you settled yourself in full time trading. Not all day is your birthday I mean you are not that lucky everyday. Find another job as soon as you can in order for you to start again.

[Swordsoffreedom]

Mark, you closed BTC position at 8940, do you have any position opened now? I have one long term long position opened but for short term I'm not sure. I think my blue line will get tested soon and I'm going long if there's no breakout.


I'm also waiting for higher high at 10380 and I'm hoping for a daily close above it which would be final confirmation for bull run.

[pajak666]

Most people are afraid to sacrifice jobs to do full time trading, because they don't want to lose both and are very risky.
and indeed if you really want to become a profitable trader, you must have full time in trading without involving work and other thoughts besides focusing on trading and to produce maximum results.

Tend to agree.. However, depending on various factors, you can be a profitable trader doing it part-time (if you are a true professional and have huge capital or at least manage)
But in this case, you may leave the job due to lack of necessity (if you are not a fan of it)

If you have a family you would be really dumb to give up the safety and start whatever occupation that you are not profitable at. Be it trading, starting a company or going instagram influencer lol. You need to be set with your finances and profitable already to take this step. Until then, you can just practice on the side and do it hobby/part-time until your hourly is better than your regular job.

[Mark_R]

Time for January results🤩

The year started in a right way. Traded mostly BTC and ETH futures, sometimes BNB. Played with scalping.
6 BTC in a month is a good start for the 2020 earning journey!

[Mark_R]

Most people are afraid to sacrifice jobs to do full time trading, because they don't want to lose both and are very risky.
and indeed if you really want to become a profitable trader, you must have full time in trading without involving work and other thoughts besides focusing on trading and to produce maximum results.

Tend to agree.. However, depending on various factors, you can be a profitable trader doing it part-time (if you are a true professional and have huge capital or at least manage)
But in this case, you may leave the job due to lack of necessity (if you are not a fan of it)

If you have a family you would be really dumb to give up the safety and start whatever occupation that you are not profitable at. Be it trading, starting a company or going instagram influencer lol. You need to be set with your finances and profitable already to take this step. Until then, you can just practice on the side and do it hobby/part-time until your hourly is better than your regular job.

Yes. Anyway, it's better to have an 'emergency exit', even when you are a really professional trader and do not have family. To get a source of income immediately in case of failure

[abakr]

Either up or down 

[Mark_R]

Either up or down 

Yes. We are at the consolidation phase now.

Here is a bigger timeframe view.




The price still moves in accordance with srong levels and upwards channel. $9165 level may be crucial and identify the further price impulse after the consolidation phase with the target prices of $10000 and $8200

[John404]

As i am a beginner of crypto-trading part, I have a little bit idea about this part. So,i have to understand or study pros an cons of this trading part. Then,i will be in a decision which will be better. Anyway,best of luck.

[Mark_R]

While everyone was talking about Tesla, BTC continued moving according to logic scenarios. Opened long at confirmation candle at the support and currently closed a half. The $10,000 level is a point either for reversal trend or for a breakout

[Mark_R]

Even though BTC price faced a strong resistance of $10000, it is still in a bullish range and has already 3 points proving upwards trend along with the MAs signal.

[Globb0]

Time for January results🤩

The year started in a right way. Traded mostly BTC and ETH futures, sometimes BNB. Played with scalping.
6 BTC in a month is a good start for the 2020 earning journey!

Maybe this graph would benefit from incorporation of the total bitcoin owned

[Mark_R]

Bitcoin futures, 1H
Beautifully formed falling wedge
Waiting for a downward Impulse

[Mark_R]

Bitcoin futures, 1H
Beautifully formed falling wedge
Waiting for a downward Impulse

The awaited impulse just came! TA works.
P.S. What I see here is lots of stop-losses that worked in an hour😶

[Twentyonepaylots]

Most people are afraid to sacrifice jobs to do full time trading, because they don't want to lose both and are very risky.
and indeed if you really want to become a profitable trader, you must have full time in trading without involving work and other thoughts besides focusing on trading and to produce maximum results.

One thing that could be holding people back from leaving their Nine to Five work is the fact that they have little to no knowledge about trading. They doubt themselves thinking that they won't go far and depend on the next feasible way to earn money which is through employment. Everyone here believes that there is much more in life than your cubicle at work but not everyone had the balls to leave it. I once belong to that group of people and I can understand, the risk is just too high to drop your job for it. With employment you can ensure yourself for the day. But what these people don't remember is that tomorrow is just as important as today. They tend to forget about prudence and just let the tides decide.

[comptant]

Everything doping down. Any ideas to where it might drop to?

[iamaruf]

Everything doping down. Any ideas to where it might drop to?

Predict exact bitcoin price is hard.Because bitcoin can turn anytime.But I think bitcoin price can go down 9200$ to 9500$. After that it will be stable in 10k$. But I don’t think bitcoin will remain around 9k for long time.hope we will see 10k$-11k$ within 1st week of March.       

[comptant]

Nice. What about this cost of transactions will be reduced by half thing?

[bitbunnny]

It's very had to believe that someone has made 22 Bitcoins profit in a month.
Anyway, to make for a living just from Bitcoin trading is very hard and I know that only few made it. It's very demanding and risky and you can't never be sure if you will make enough to cover all your necessary expenses.

So to my opinion to quit a steady job because of trading is very brave but also foolish and it's kind of lottery. Those who are so successful in trading that they can live from it are worth admiring.

[rodskee]

Nice. What about this cost of transactions will be reduced by half thing?

what do you mean decreasing by Half the transactions?what is the connection about OP is doing Trading Full time and quitting His job?i believe there is none .

Everything doping down. Any ideas to where it might drop to?

if the market is dropping then better be ready for losing or waiting for recovery that will be a tough decision whenever the market goes this way.
or else never Buy when the market is climbing but but when market is falling.