Trading full time

[South Park]

I wouldn't give it up, as long as I'm able to receive salary with daily job I'm good with that. I have plenty of spare time which I can dedicate for trading. But once when I get exhausted with my job that would change everything and if I can finally settle with trading and having stable profit with other source of income through investments and businesses, I think I'll go full time if time permits.

Good luck if you ever decide to go full time in trading. But as I have said before, you should have enough savings for like 6 months to a year so that when crypto trading didn't bring you the needed income to survived, still you have money to spare and not be totally depended on it.

Personally, as much as I wanted to go full time trading, I can't because I'm afraid that it will take so much of my time just to be able to make a decent profit. So it will be a difficult decision, but if you think you are ready then by all means, get into crypto trading.

Becoming a full time trader is not for everyone even if you have a profitable system you will still get losses and in many cases this can extend for weeks or months, it is my opinion that for the majority of the people it is way better to keep their job and trade during their spare time, this way you have two income sources just in case one dries up so if for some reason trading does not work out you still have your job, besides a job can offer great benefits that can be very expensive if you wanted to pay them yourself like medical insurance or offer you benefits for your retirement that you cannot acquire otherwise.

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[Jackblack90909]

There are thousands of people around the world working with trading full time, it is their main job. It is good to work full time with trading cryptocurrencies, if you are skilled enough and having the experience required, but for most people it is still a risky way, and personally I prefer to keep my offline job while doing trading as another source of income.

[andreibi]

My only source of income is trading cryptocurrencies for the past four years. It can be done. All you have to do is break the mold and learn how to trade like pro. Use technical analysis and learn the philosophies and theories of markets by heart. Bull market or bear market, you will learn how to survive.

[Lanatsa]

My only source of income is trading cryptocurrencies for the past four years. It can be done. All you have to do is break the mold and learn how to trade like pro. Use technical analysis and learn the philosophies and theories of markets by heart. Bull market or bear market, you will learn how to survive.

Ive been trying to have this kind of learning process.For now I do still make trades but not going full time to make it as a living.Yes, its indeed possible but for my part

this time is still hard but somehow I'm doing my best to achieve such state.I have a full time day job that's why its hard to go full time and learn all the things should be need but at least I'm doing it on gradual phase.

[Question123]

Traders have choices if they want to full time or not because you can earn in full time but not all traders who are spend more time in trading like a works can earn because sometimes it depends to their experienced and knowledge about trading maybe sometimes better to do part time if you have busy schedule or have a work everything will depends to the person what they are going to choose.

[jossiel]

@EugeneOs, It's wonderful base on how you described your experience being a full time trader. Someone who lacks of experience and courage to do it will find it not interesting and will only look at the risk.

May I know on how long you've been carefully monitoring your daily trades? do you have a quota that you have to make each day so that you can say that your day has been satisfying and fulfilling since it's not a day job anymore?

[hahay]

Traders have choices if they want to full time or not because you can earn in full time but not all traders who are spend more time in trading like a works can earn because sometimes it depends to their experienced and knowledge about trading maybe sometimes better to do part time if you have busy schedule or have a work everything will depends to the person what they are going to choose.

Yes, it would be better to do it on a part-time basis if indeed we still don't have enough experience in trading, forcing to do it full time will only waste your time but there is also a good side to learning more. It all depends on the choice of each, as long as we are comfortable to do it why not. So make wise choices in this regard so that all the time you strive for gives good results.

[PuertoLibre]

Traders have choices if they want to full time or not because you can earn in full time but not all traders who are spend more time in trading like a works can earn because sometimes it depends to their experienced and knowledge about trading maybe sometimes better to do part time if you have busy schedule or have a work everything will depends to the person what they are going to choose.

Yes, it would be better to do it on a part-time basis if indeed we still don't have enough experience in trading, forcing to do it full time will only waste your time but there is also a good side to learning more. It all depends on the choice of each, as long as we are comfortable to do it why not. So make wise choices in this regard so that all the time you strive for gives good results.

The counter arguments are clearly explaining the idea behind the full time trading. Full time traders usually check the weekly time frames and they don't forget the lessons they learned through the mistakes they made. Wasting affords with small time frame trading can be a reason why majority of traders fail in this business.

[Eildosa]

I agree that if you can successfully trade, then you should seriously think about how to quit your main job and completely posyatit yourself to trade. Of course, it can be very difficult to make such a decision, because it is difficult to give up stability. But it should also be borne in mind that if you trade, then you will not need to spend money on ride, food and other daily expenses.

[ethereumhunter]

I think from 2017 ago, many traders have already made a huge profit, and some of them decide to take a break, and enjoy their profit. But after that year, I think it's very difficult to do full-time trading because the market is down more and more. Some of us have getting lose of their investment and trading, and many of us cannot continue to full-time trading. It's because the situations in the market which we cannot predict, so that make some of us decide to get out of the market for a while. But this year, I think we can come back to do full-time trading because the market seems trying to increase and there are so many coins that can increase back although not much. But we need to learn more about analysis in trading so we can find the right coin to trade and don't give up if we cannot make the profit.

[Janation]

I agree that if you can successfully trade, then you should seriously think about how to quit your main job and completely posyatit yourself to trade. Of course, it can be very difficult to make such a decision, because it is difficult to give up stability. But it should also be borne in mind that if you trade, then you will not need to spend money on ride, food and other daily expenses.

In my experience, that did not go well.

Of course, what I did is an experiment about it. It is my week off my work and I only use profits I got from my investments and trades, I did not use my salary. Days went by and the price is not on my side, that is the thing here. Cryptocurrencies are so volatile and if you don't have that much money to risk on trading or investing, I guess you should stick to your job since that is a stable source of income for you.

[wildflower18]

To be a full time trader requires knowledge in crypto and actually it is not always a win situation when you do trading. There is a risks in trading and a trader should be aware of it. There are more things to consider when doing full time trader. For me, I will still choose doing trading and doing a job which really paying and can sustain our cost of living.

[ruski]

I am not working with trading full time, because I don't like to quit my offline job for a risky domain like trading. I am making some money from time as an additional income, but to feed my family I need a stable income, and in my view trading cryptocurrencies can't offer you a stable income monthly.

[LimLims]

I am not working with trading full time, because I don't like to quit my offline job for a risky domain like trading. I am making some money from time as an additional income, but to feed my family I need a stable income, and in my view trading cryptocurrencies can't offer you a stable income monthly.

Yeah whatever you said i am agree with you.
Also only trading is really not a reliable source of income.
It's almost appreciable until and unless you survive for yourself.
But if you wanna feed your family,then you need to really find a job.
Always have faith on yourself.
Hope you understands this.

[btc_angela]

Remember we need consistent flow of money, to pay our bills and bring food in the table. Let's say keep crypto trading in a side to generate extra money.

Consistency is the exact thing which is missing out in the results of crypto trading (I do believe in every type of trading too). When we are completely depending on crypto trading for living which will put more pressure on our performance and it is proven that no one could make good decisions under pressure.

True and that is very hard to accomplished in a market that is very unpredictable. And you don't want to put yourself in that situation because of the pressures of making money every day so that you can just feed your family. Does anyone knows what happen to those 'allegedly" who quit their job to focus on crypto? Right, we haven't heard about anything because they could have been in bad situation today.

Yes, full-time trading will need a big effort to make a profit because not every day we can make those profit. Sometime we will feel it's too difficult to make a profit although we are trying with hard. But in the other time, we feel that we can make a profit at any time we trade and that profit will bigger than usual.

We don't know-how about people who decide to do full-time trading because they don't tell the story. But every people will have their best time and bad time, and that will depend on how we can prevent the bad time that can occur in anytime.

I'm sure if they became successful as a full time trader, they will tell their story in this community. But none so far has come forward to claim success. That's why I'm under the impression that they are struggling up to this day to meet both ends. It's just sad though, I mean giving up your daily job and then focus on something that is not very profitable or at least money is very hard to produce unless you are that expect on that field and has a way to make money even at bad times.

[LUCKMCFLY]

Reality check - what does it take to replace your day job?

You're out there, busting your ass, working full time to pay the bills.

On top of that, you spend a few hours trading in the evenings, and on weekends.

You’ve got a trade strategy that works, making profit as you go, and yet...

You spend 40+ hours a week working to make someone else rich.

What the hell for?

Is it the safety of a steady paycheck? Or the comfort of job security? Maybe you’re not being honest with yourself about whether or not your strategy works.

If that’s enough for you, so be it.

But it’s not for me.

Replacing that safe salary or consistent hourly wage takes only two things.

First, it takes just a little bit of math. This is really just to help with the second thing.

The math is the easy part.

Take your salary, boil it down to what you earn per day.

Chances are that it's not a very big number.

Example -
You earn 60k/year, the average American income
You work 5 days a week, 50 weeks a year - 250 days
60k/250 days = $240

When you break it down like that, replacing it becomes achievable in your mind. That mindset is way more important than the number above.

The second thing you need before you go full time is a solid plan.

That plan should include saving enough money to not have to stress about the day to day expenses.

It should also detail the minimum amount of profit you need to earn so that you can both live the lifestyle you want to live, and to keep growing your stack.

Then it’s just a matter of putting in the work to make it happen.

How close are you to going full time?

It is necessary to take into account that a job, gives stability, is a safe money, instead dedicating full time to trading is something very different, because if you get carried away by emotions you can lose all your capital and the way to recover is very difficult , you must be very expert and with great knowledge to highlight daily earnings.

I think that if there is a lot of money destined for trading without affecting the "Good" standard of living of the human being, then you can do it, but if there is no other income of money, it is difficult to make the decision, since you cannot leave everything to Luck, in trading knowing a lot, you also need a lot of luck to be successful.

[lablab03]

A good way to try your hand at trading is trading on demo accounts. If you can trade profitably for a long time on demo accounts, you can make a real trading deposit for an amount you can afford to lose. Further, depending on the results, you can create your trading strategy and either increase or decrease funds on the trade deposit.

yeah i agree.  Must take the demo first to practice your skills and so that once you start the real one you have the ability to avoid such problems in it.  Its free so better to have a practice  first.  Perhaps 1 month or two is enough fort it just to obtain knowledge and strategies.

[Al-e_x]

At the moment I am a full-time bounty hunter and trader, not because of my desire, but because of the circumstances, and what I feel is fun because we are not pressured by time and superiors, but we do not have a guaranteed income and if the market is down automatically our assets will also be eroded, so my advice is better to keep working in the real world, and at the same time trading crypto

[Negotiation]

Full-time trading is not easy fulltime trading professionally hard to make maximum people explain that trading means profit huge finally this formula is not working because someone does not handle market. other hand market tendency are sensitive basically crypto market.

[bitbunnny]

I don't know many people who are full time traders and can make living out of that.
I think that requires outstanding skills and knowledge, plenty of experience and great control of stress and emotions.
Anyone who is willing to take the risk and prepared to sacrifice a lot can try. Still, many have tried but only few succeeded.