Quit My Full Time Job to Trade Cryptos Full Time

[Xxmodded]

Risky move, even though it is high return still it is not going to last long forever so you avoided a permanent source of income just for short term gains?

You can do arbitrage while you are working itself or better have other oassive income which can give you income when crypto trading is at bad condition.

Good point! but for someone who can earn more than his regular salary for spending

much lesser time. The choose is not hard to deal with, especially if you do have a good

system that you believe will work and brings you fortune. OP might see that and he

already balance this before he move forward and take this decision.

Reading OP's replies, simply shows that he's really developing a good system to

get higher chances of succcess.

Not all time running well with trading and never have any guarantee you will always earn more than your salary when working, I think without any exact date when bitcoin suddenly correction and take few days for recovery we have planning and saving money when hold coin, maybe if have full working before its easy with saving money during coin have lower price and waiting few weeks for selling, but without saving money never take risk resign your job and full working on cryptocurrency.

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[Wawa2013]

What will you do is too risky in my opinion, choosing a focus of crypto trading which is not always profitable is something that must be considered
carefully. Don't because you made several trades and managed to get a large profit, then you decide that quitting a full time job that has a steady
income is not something that can be decided quickly. My advice is why not do both, you keep working in the real world and make crypto trading
as additional income. That's the safest choice in my opinion.

[Sinjokubhi]

In the past month and a half i've made over 100k arbing different markets and developing a very hard-to-beat strat. I submitted my resignation to my full time job last week . Wish me luck.


Long live crypto.  

Update and some answers to your questions :https://bitcointalk.org/index.php?topic=5321029.msg56477603#msg56477603

I don't think leaving your full-time job is a bad decision to switch over as a crypto trader. Everything returns to our desires - in choosing decisions and making them. We can only give criticism and suggestions, whether it is accepted or not, it returns to yourself.

With you earning as much as $ 100k, you would prefer to switch over as a trader, it is not easy to be able to achieve success with that much profit. Maybe you already have sufficient knowledge and experience as a trader. If you wish, you can share ways and strategies or just share your experiences so that you can also help us.

Why can you be that sure by leaving your full time job? Moreover, you have been appointed as a permanent career in the company (possibly). Because it's a shame if you can still do both jobs, but you stop at one of them. As a trader it is only my side job, to fill my spare time so as not to be wasted and wasting time. If you quit for your own good I think it's a good decision, it all comes down to your choice.

[acener]

Congratulations on your gains and I hope you wouldn't regret your decision to quit on your real job for crypto in the future,
It might be great gains in the past couple of months because it was bullish market but what would happen in the bear market?
But it seem's that you are confident in your trading skills and it looks like you really have a good one so I hope you made the right decision.

[michellee]

I still don't have the courage to take the decision to be full time on cryptocurrency, my reason is because right now, if we observe the market is indeed a strong bullish. but to become a trader. money management readiness. this family responsibility is a tough one. we will feel burdened if we are not financially prepared to face it. Broadly speaking, if we only trade without income or income income as other needs, this will be risky

Besides that reason, we must have good trading skills, so we can survive in any conditions because we do not know when the market will be at the bear or bull trends. If we can not analyze the trends, we will not be able to get the best time to buy and sell, and even we will lose the chance to make a profit. Before you decide to full time in cryptocurrency, make sure you have many things done to you, especially for knowing the trade to make a profit.

[slaman29]

The one you described is a win win situation so seems like the best choice for you.
This is not something I would recommend to anyone doing profit now in this bull market like last months  some people may get fooled into thinking they are great traders, but not your case as your profit comes from arbitrages and it shouldn't matter bull or bear situation.

I like your "scientific" approach to what you are doing and am curious about your studies background and the job you quitted was somewhat related to this new path or was something totally unrelated.

Yup same way people were fooled in 2016 and 2017, thinking they were amazing traders and investors. Made money from every strategy and every ICO, and some people thought bounty hunting was going to be their life profession.

Read research about traders and how majority lose money.

Arbitrage is tricky too and can bite you.

[molsewid]

I still don't have the courage to take the decision to be full time on cryptocurrency, my reason is because right now, if we observe the market is indeed a strong bullish. but to become a trader. money management readiness. this family responsibility is a tough one. we will feel burdened if we are not financially prepared to face it. Broadly speaking, if we only trade without income or income income as other needs, this will be risky

I wanted to express my felicitate to OPs decision, he has a so much courage to decide such brave decision knowing that he has a family to feed and live for. Maybe he already figured out his most strats to become a good trader that is why now he could tell to himself that he could make a good living for him and for his family with the help of cryptocurrency, because if i were him i couldn't just decide bravely as what he did, i am still afraid of the fact that crypto was volatile and maybe i didn't yet found the best strats to win trading.

[batang_bitcoin]

Read research about traders and how majority lose money.

Arbitrage is tricky too and can bite you.

This is a huge bet for OP but if it's effective on him, I'm happy to see that he's making his life and fortune through it. What's bad is that, I'm not like him that's very good on it. I've done that before but to no avail and no luck found. It take guts to quit your full time job and replace it with trading. I've known people that did that and reading something as what OP intended to share is absolutely fascinating because as you've said, majority are losing from it but on him, it's the opposite.

[davis196]

You seem very ambitious and hard working.Good luck with your projects.
If crypto arbitrage was so easy,then all of us would be on the French Riviera or driving our lambos in Monte Carlo.
Can you post a proof of your gigantic crypto arbitrage profits?Screenshots can be faked by using inspect element,so a picture of a paper bank statement would be nice.Personal information should be blurred,of course.

[cheezcarls]

If you are ready to become a high risk taker and lose most of the time, then go for it. In my own opinion, you need some sort of “insurance” in case you are going to lose your trades (especially if you are going for an arbitraging strategy something like that) or going into a worse-case scenario anytime soon.

You still need something that can provide you stable income because trading is considered risky and no guarantees or promise for you to earn some profits even with arbitraging. No strategy is perfect, but risk management is much more worth learning.

[Maslate]

I still don't have the courage to take the decision to be full time on cryptocurrency, my reason is because right now, if we observe the market is indeed a strong bullish. but to become a trader. money management readiness. this family responsibility is a tough one. we will feel burdened if we are not financially prepared to face it. Broadly speaking, if we only trade without income or income income as other needs, this will be risky

We don't need to force ourselves then. Deciding to become a full-time trader is like trying to have a better future, but if you can't let go of your job because you are worried and thinking about the negative results, better not then. Yeah, we have to understand what is our position and most people will choose the thing that gives them the assurance and having a stable with a good salary, I don't if think someone could able to discredit that.

[doctor877]

a big congratulations to you, it just seems easy but it isnt easy. this is inspiring enough, everyone just needs to understand and study what works for you and master it. this dosent mean arbitrage will work for other people. you will need to gain total mastery before you can gain enough freedom to be able to focus on cryptocurrency trading or investment if its your wish.

[Obito]

a big congratulations to you, it just seems easy but it isnt easy. this is inspiring enough, everyone just needs to understand and study what works for you and master it. this dosent mean arbitrage will work for other people. you will need to gain total mastery before you can gain enough freedom to be able to focus on cryptocurrency trading or investment if its your wish.

Arbitrage AFAIK is a difficult one to pull off so to everyone who thinks that they can do this without any experience or knowledge, be careful because the chances that you are going to fail is going to be high. I don't like the move that OP did where s/he quit the job because I believe that s/he can make a safety net out of the salary from that job or just another stream of income.

[Xinarae*]

Trade in crypto but have experience in trading full time but if you have no experience then you will lose everything. Risk is something that exists integrally with business this greatly reduces the number of new ones in the market there are lots of strategies available on the trade site you should know them and your type should fit best before you apply the strategy to live accounts go a little further in an ad practice in demo. I would recommend holding the position for a long time as they have a winning rate over 1 minute standing business.

[Trinx01]

Wow, good luck with your journey, we have to make a hard decision in life before we succeed, that is a really hard decision for me. For my part, if I am going to choose between my full-time job in real life or being a full trader then I will still choose my full-time job because I still don't have good knowledge about trading do I don't have enough capital for it. So basically, I conclude that you already have good capital for trading and you also have done a lot of trading wins so you have decided to choose it over your full-time job. It is also better if you are going to create a business if you already earned a good profit from trading.

[RealMalatesta]

If you are ready to become a high risk taker and lose most of the time, then go for it. In my own opinion, you need some sort of “insurance” in case you are going to lose your trades (especially if you are going for an arbitraging strategy something like that) or going into a worse-case scenario anytime soon.

You still need something that can provide you stable income because trading is considered risky and no guarantees or promise for you to earn some profits even with arbitraging. No strategy is perfect, but risk management is much more worth learning.

I personally do not agree with the idea that you need to be high risk taker or you need to be supplementing it or you will be bad. I wouldn't do it, I agree that having some part time income would be better than nothing, even that would be enough, but even more, like a proper salary would be even better, but the reality is that most people do not have that kind of deal and they may prefer full time crypto trading as well.

If you want to do this full time, and do not have anything else, that would be still possible, I am not saying do that alone, you can do more stuff, but you can't really just give up and try to look for a job just because you "should not be doing full time crypto trading without any other income", if that's all you have, that means you should be doing all of that just with the money you have but if you can find something else you could do that too, don't give up on either.

[santiPOGI]

In the past month and a half i've made over 100k arbing different markets and developing a very hard-to-beat strat. I submitted my resignation to my full time job last week . Wish me luck.


Long live crypto.  

Update and some answers to your questions :https://bitcointalk.org/index.php?topic=5321029.msg56477603#msg56477603

Wish you good luck more to your new journey here in cryptocurrency dude. But can you share here to us in which
platform do you usually used and what coins that you are trading in the exchange too? Your experienced might be one of the
inspiring testimony here if you specify or show here the step things before you achieved that success anyway.

[LUCKMCFLY]

It would be nice if OP could offer us some pictures of what he does, making that decision is having a very good strategy, I imagine it must be related to trading or investing in the long and medium term.

Based on the way you answered, if you won that amount of money, how long did it take you to do so? If you only traded, how much percentage of your capital did you trade?

[janggernaut]

It would be nice if OP could offer us some pictures of what he does, making that decision is having a very good strategy, I imagine it must be related to trading or investing in the long and medium term.

Based on the way you answered, if you won that amount of money, how long did it take you to do so? If you only traded, how much percentage of your capital did you trade?

Read on previous page, OP doesn't want to tell us about his trade because it's a arbit, we must observe from 1 exchange to other exchange and find ourselves how he did that. But based on he said, he is doing arbit about FIAT.

[michellee]

Being a full time trader may be effective for some people. Quitting to a full time job to become a trader may a good move, but you should not think win always, as you said you are still in your 2 months.
The best if you will continue with stable profits, to sustain expenses of you or your family.
I know some trader who become a full time trader and they admit, it is extremely stressing job.

He might take the profit and start his own business. Of course not a decision everyone can make to quit a job to start trading. However, doing trading full time will give him the opportunity to keep developing his strategy something he might find difficult to do if he is trading casually. depending on how much profit he is making, I think paying up his expenses will depend greatly on that as well. He could have taken the decision to quit the job when he discovered that the job is not paying his bill

If he can get the profit from trading and get it bigger than his payment from his job, he can decide to start trading as a full-time trader. But that will not be easy as it says because he needs to prepare many things such as skills, time, and analyzing the market to find the coins to trade. It will need more experience to become a pro trader because not many traders can do that. Mostly, they fail to become a pro trader, especially when the market moves unpredictably.

So if you want to become a pro trader, you should think twice and take a look at yourself, what you already have and what needs to prepare to become a pro trader.