Trading full time

[beerlover]

Nobody should really put "but I have no money" as an excuse in this type of topic. When I quit my job and decided to be a full time crypto person I had 17 dollars in my name. That was enough for maybe 4 days of living and not a single day more, honestly it took me only 2 days to finish as well. If you want to be full time crypto then you can find work to do everywhere, you can find virtual assistant job, you can find airdrops, you can find bounties you can find signature campaigns. Those are all free to join and gives you money for your efforts.

If you keep making that type of money then you can do affiliate networking, you can sell stuff and make commissions and you can start to trade as well. All you have to do is trust yourself and your talents, you will be on your own feet in no time.

[Carreuh]

If I personally do trading in my spare time because I still have other activities and obligations for me, the reason for this is that I don't do it full time because the capital is lacking, the risk is large and I don't have full time to always monitor the movements of altcoin or bitcoin so  I like to do a little more on the sidelines of my daily activities

[arpon11]

Literally I am doing trading full time but not too often.

I only do trades with certain profit margin other wise just close all my doors and keep watching my other business.

I believe op said " full time" and that means that you don't have any business except trading. I have been trading part-time and it has not been easy for me. On Saturday I analyze the market and my indicators show to me that trend is going to reverse and I ought to hedge my Bitcoin for usdt but because I was at work I could not do that and that is one of the inconveniences that does come if one combines work and trading or business and trading. If you are low-income earners it is better you learn how to trade full time and you should know that trading has no guarantee of making profits, therefore, calculate the risk before leaving your day job for trading.

[exstasie]

Full time trading sounds like a goddamn nightmare to me. You'd never switch off. You'd be constantly worried about being wiped out. You'd spend most of your time isolated consumed with lines and dots. That doesn't sound like much of a life to me.

Maybe for intraday traders, scalpers. For swing traders and position traders trading high time frames, it's not as bad as you think. The OP is talking about needing to earn $240/day but for a swing trader, that's averaged over weeks at a time. I don't trade more than a few times a week.

Trading is mostly about sitting and waiting. Stop loss triggered? Back to waiting for a setup. Trade took off as expected? Just keep rolling your stops up and waiting. Let the winners run. It's all very mechanical at this point for me. I check the charts and/or adjust positions and orders a couple times a day, that's it. The rest of my time is free for more leisurely or productive things.

[xamxam]

In my observation here in crypto trading, if you trade most of the time there is a high chance for you to learn a lot through our experience in the actual platform. And once We master it, for sure profit will come to us daily in our lives. but it will takes time first before anything else, due to you to know how to read candle stick, scalping, timing, and using bot also.

[NathanJB]

I will not go full time except if I have another source of income which is reliable and long term. Otherwise, trading for me will simply be an extra. Even the best traders do not end each day with a profit. That is the reality. It appears appealing at the start, studying trading and doing some calls but it really is not. I don't think trading gains are enough for me to be sustained with all my daily needs. Sometimes, instead of gains, I lost.

[lienfaye]

Trading full time are only for traders that has skills and well planned strategy.

I tried to become full time in trading before, since I dont have real job yet at that time. But its not easy as it seems especially if the outcome is not what you expected it to be.

You need capital to start with and if you can manage to make it grow whatever the status of the market then you can survive.

[shoreno]

- snip -

yes only pro/skillful traders can be able to trade full time because they are good at analyzing  . they can easily predict on what will be the next move of the coins and they can be able to make a profit even at small hikes  but for us who are starters , we are being too careful on our moves and we dont act quickly  . we are making long term observation a week or two and even months if we will make a trade order or not  .

[leowonderful]

I'm currently mainly a swing trader and I don't forsee myself changing much from this style of trading for the time being. I don't need to invest too much time into sitting at a desk because I have identified stoplosses and take profits before I enter a trade (you should be doing this), so I can set up trades and just let them go while I do other things. Besides that, I've really never been good at LTF trading and it does seem more stressful to me considering you need to be at your desk more for LTF trading.

As for the main question, I will likely never go trading full-time. Just seems like a very stressful activity to me as I know people that just sit at their desks all day trading, and I'd rather just have a regular job and trade on the side for now.

[Vaskiy]

Trading full time is good if you have reserve fund with which you can fulfill all the necessary needs. With trading one could earn big out of the same in a very short time period as well can loss big in a very small time period. With cryptocurrency nothing go as predicted, if there happens a coincidence will get big return and the same if goes in the opposite direction it makes it a big risk of losing.

[Oilacris]

How close are you to going full time?

Easy to say but would really be hard to achieved yet not all people are capable on doing trading even myself

do still have doubts to go full time yet I'm not still sustainable so I'm not rushing to let my daily job put up on risk.
I might go full time but not this time.

[Slow death]

days ago the price was in the $13000 and see the current price:



Is a very high price drop, even if the person has a good strategy will be inevitable to have losses, now imagine if that person only lives of trade? the person begins to think about the losses, the bills that will have to pay, it's too much pressure. You should not leave a job or business in the real world to just live of trade

[Hypnosis00]

Being trading in full time is good but only if you have skills so you can survive in any conditions. If you choose to be a full-time trader, but you don't have skills, and you don't want to learn, then you will say goodbye to your life very soon because you cannot survive. I am sure that many of us have already become a full-time trader and they have their time to analyze with their skills so they can find a good time to enter the market. You need to have a big effort to get in the market so you can trade without any problem and you can get a profit many times.

Life in trading is isn't easy..that's all about. Even you have skill and huge knowledge in trading but still subject to fall at any time.
But we can't deny that a lot of successful traders find comfortable in doing and they put their whole life in trading. This thing it means that, we can actually do it but it is gonna be tough..

[maxreish]

Since I made a huge profitd at margin trading before, I also thought that I could leave my full time job and be a full time trader. But it just made me realized that the market is full of surprises: unstable market conditions or volatility, whales manipulation and etc. Come to think of it, it is not always the "winning part" in crypto trading. And I can still do some tradings even if I did not give up my full time job. Think wisely.

[leonix007]

days ago the price was in the $13000 and see the current price:



Is a very high price drop, even if the person has a good strategy will be inevitable to have losses, now imagine if that person only lives of trade? the person begins to think about the losses, the bills that will have to pay, it's too much pressure. You should not leave a job or business in the real world to just live of trade

Truly Trade losses is unavoidable, however price drop is also a gain in a world of trading

Being full time doesn't necessarily mean sticking up your nose in front of the charts, I actually define it as an equal or much greater achievement of earnings as employed one for a minimal period.

Gain confidence before leaving your work, how's your trade going on with your style will actually make your decisions more firm.

[Canoppo99]

If it fail then it will cause too much stress. The risk must be minimized, cryptocurrency is not the only one invesment that can grow our wealth. Atleast we must have 2 kinds of income. 1. Steady income even though there are few in number 2. Unsteady income that the number continues to grow. Only full time trading is not so good for our emotions, we will get more presure if we rely on full time trading and it can disrupt our trading plan.

[bitgolden]

Trading is also not that easy as you speak of and if you consider the stress in trading and the uncertainties, you will prefer to just stick with that your $240 per day job than to trade, before you can start to even earning up to that $240 per day in trading, you must have gathered lots of strategies, experience and then have large amount of money to trade, or you do day trading, because there is no way that you can trade with something around $500 and you make up to that, not even when you compound the interest.

For me, I prefer to just stick with that my daily job man, and then save money to invest into a long term investment, at least one that is reliable like bitcoin and some other top coins that I know can give me a high return in future no matter how long the waiting is.

[michellee]

As long as you can analyze the market and don't greedy to make a profit, you will have a chance to make 25% of the profit from doing trading. But remember that the percentage value will always vary and you don't have to be sad if you cannot reach your target percentage because you will get it in the next days. But to do full-time trading will needs more than just skills because you need an effort to support you to analyze each coin to find the right coin.

[79b79aa8d5047da6d3XX]

With the kind of capital i use for trading i don't have any option than to be at alert  at all times and that involves  me being online at all time. So i have to substitute my work  for trade. My trading is full time

[Reid]

You can do this while you are single.
Try to maximize the opportunities that you can get.
But, when you have kids this cannot be tolerated. You will look like an irresponsible Dad and you dont want to hear that to your wife and your kids.
Yeah, I am an old school type of person where I dont want to be jobless and my wife will work for the family. That is not just me.
Staying at home trading might work. But it aint stable. If you are staying in a cheap place where you are alone and pays cheap rent then it might just work.

I am not scared to step up and trade but I cannot risk it all for it is my savings for the kids future.  

Good thing you have that much courage though. Good luck.