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

[Mcoinzy]

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

If your talking about the halving that everyone refers to, that has nothing to do with the cost of transactions. It refers to the halving of the coinbase rewards miners receive for validating transactions and securing the blockchain. 

[chimdikweks]

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.

I wouldn't call it foolish, if the individual in question seems to have done his/her research before starting, then i see no point while it should be seen as a foolish adventure, life itself its risky and taking calculated risks can be rewarding, i do understand that trading its risky, infact i got my hands burnt several times and had to stay out till date, so whatever rocks your boat that's legit and you feel you can make a living out of it, its worth the risk

[wiss19]

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.

Trading needs knowledge. Not everyone can quit their jobs to start with trading as it would only give them loss and also most of those might have to face bad financial times. That would never be preferred to anyone. OP was successful in earning 12 BTC and that is really a huge amount which might have not made OP think about the job he quit but for others, we might even regret if we did not find any profits in trading and for that we quit our full time job.

We should not entirely rely on cryptocurrency trading as it might not always be profitable. The markets might move in opposite direction in a glance if eye.

[Mark_R]

The price broke the trend after bearish flag formation. Currently, it is moving in a downwards channel and if there is no upwards impulse, it will decrease to the lower border of the channel.

[Mark_R]

I've been asked several times on my software to manage risks.

This is what I mostly use currently:

1) https://www.bitinsure.com/

It is an automated risk monitor. I set the limits like max drawdown and other options at several Bitmex accounts and Bitinsure sends a notification since the limit is reached. This way I can have a rest and get notified when sth goes wrong. Also, it provides automated statistics reporting. This thing is useful for trades analysis



2) https://3commas.io/
I'm not a fan of trading bots but these I'd recommend. However, always track the performance and comply with risks (app above)

Your software to improve trading?

[STT]

I have a similar kind of outlook, I'm surprised there is a channel downwards already.   I think the recent push upwards to the region of 10500 was like a confirmation of the break from the rising channel.   Now its fallen from there and that was a channel lasting over a month maybe, that magnitude should mean we get some kind of sell beyond a normal cycle or flip between bullish and bearish.

[Mark_R]

I have a similar kind of outlook, I'm surprised there is a channel downwards already.   I think the recent push upwards to the region of 10500 was like a confirmation of the break from the rising channel.   Now its fallen from there and that was a channel lasting over a month maybe, that magnitude should mean we get some kind of sell beyond a normal cycle or flip between bullish and bearish.

Looks realistic. Here is my view:

The price is experiencing war of trends, as inside the upwards trend the one declining is forming. Besides, bearish sentiment is identified by a cross of 50 and 100 MA.  The major levels are $10500 and $9500.

[reallester]

Hey. I'm Mark. Shortly about myself: quit my major job to earn my way by trading and it exceeded my expectations. What I got from it that everything is possible, guys.

Here will be the deals I make, some of the stuff to continue the learning curve and anything I found interesting to share with you.
Disclaimer: None of this is financial advice, do your own research, share and earn.

[ 12 years in trading, 4 years in crypto trading ]

Here's one of them:


Each deal is a piece of art



Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades

Wao. This is a big bold step you have taken. Am glad and impressed that it paid you off. Its always a big difficult decision to quit one's  major job for crypto.  You must have acquired a lot of crypto trading to have made such a huge profits in space of few months.

[JoMarrah Iarim Dan]

Good to you. You make your career in crypto a great one. Not all person who quit their job are lucky enough to earn 12bitcoins. I am still researching about that trading. I do lose so many times. Charts and prices are still difficult for me to read. Most of the time I am still guessing. The basic strategy "buy low, sell high" is still a trial for me. But anyway, I just do focus on what I am good at and where I can earn without losses like joining bouties. Above all, still trying to learn trading.

[Mark_R]

A drop was in terms of the recently formed channel (see the previous post). Quite predictable. Entered short at upwards trend breakout, closed at the support line ($9500). Drops are money as well!

[Mark_R]

Hey. I'm Mark. Shortly about myself: quit my major job to earn my way by trading and it exceeded my expectations. What I got from it that everything is possible, guys.

Here will be the deals I make, some of the stuff to continue the learning curve and anything I found interesting to share with you.
Disclaimer: None of this is financial advice, do your own research, share and earn.

[ 12 years in trading, 4 years in crypto trading ]

Here's one of them:


Each deal is a piece of art



Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades

Wao. This is a big bold step you have taken. Am glad and impressed that it paid you off. Its always a big difficult decision to quit one's  major job for crypto.  You must have acquired a lot of crypto trading to have made such a huge profits in space of few months.

Thank you! Its constant learning and experience. Lots of work.. But its paid off, yeap
Cheers!

[Mark_R]

Good to you. You make your career in crypto a great one. Not all person who quit their job are lucky enough to earn 12bitcoins. I am still researching about that trading. I do lose so many times. Charts and prices are still difficult for me to read. Most of the time I am still guessing. The basic strategy "buy low, sell high" is still a trial for me. But anyway, I just do focus on what I am good at and where I can earn without losses like joining bouties. Above all, still trying to learn trading.

Everyone losses in trading
Wish you good luck! You will achieve a lot if you trade and learn

[Mark_R]

War of trends at ETH chart. Possible retest is coming with the  bearish sentiment. Othervise, the price enters back a range that is downwards as well

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[ArIMy11]

Unlike you, I stopped bitcoin to become full-time in my job. Well of course its kinda hard for me to adjust since in crypto there is no boss who will command me what to do, there are no time of log or else will be late, I often cannot control my own time since we have dealines to meet for almost everyday so there will be overtime and you still have to log in very early in the next day. But now I'm back to crypto. Morning is for my job and night is for my crypto. At least I can work in crypto even though I'm just lying on my bed.
I can say this two different world are different but I get used to it.

[Mark_R]

Ensure your financial well-being by mitigating liquidity risk.

Read more:
https://thebalance.com/liquidity-risk-101-357229

[Mark_R]

Continuing my yield curve! Fire
February was quite good for earnings with really successful points to enter. Traded mostly BTC and ETH futures (Bitmex), leverage ~4-7x.

High voltage sign+ 7 BTC for a month!

[Mark_R]

Crypto trading is profitable if you know how to earn in the market. But if you can save what you earned you multiply your profits in the long term! Risk management is a hard work that is rewarded worthily!
Get tips here:
https://bitinsure.com/blog/?p=134

[Swordsoffreedom]

It's quite hard to believe that someone made 12 BTC profit within only one month of trading bitcoin only. Though it is possible but, bitcoin trading has been kind of unpredictable sometimes. So, you don't know what's coming in the future for you.
So, my opinion for the public, it's always good to have a full-time job or at least a part time one, so even in your odd days in bitcoin trading, you can carry out your expenses.

[Mark_R]

It's quite hard to believe that someone made 12 BTC profit within only one month of trading bitcoin only. Though it is possible but, bitcoin trading has been kind of unpredictable sometimes. So, you don't know what's coming in the future for you.
So, my opinion for the public, it's always good to have a full-time job or at least a part time one, so even in your odd days in bitcoin trading, you can carry out your expenses.

In the majority of cases. But is you have an opportunity and a skill, it may turn out to be a great decision. However, years are required. And "emergency exit" for hard times