Strongkored
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September 13, 2021, 07:49:48 AM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
Full time what I understand is not how long you spend in trading, but rather make trading as the main activity that is carried out regularly and also the main income. Becoming a successful trader is not based on full time or part time but about strategies you use and don't forget to always improve the trading skills.
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crwth
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September 13, 2021, 08:03:12 AM |
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This would entirely depend on how available you are, and you would consider someone as "successful." Because there are different things that you could consider someone as successful, still, in terms of trading, I think, for my definition, it's staying as long as you can in the market without getting liquidated totally. Anyway, if you were to think about it, you can automate your trading. This way, you can focus on the priorities in life while the software, Gunbot trades for you. I have a buyer who had good profits and did almost nothing but set up and monitor it through Telegram. That's one way you can approach it.
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Rruchi man
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September 13, 2021, 10:45:04 AM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
To be successful in trading means your strategy works, so even if you are a part time or full time trader, so far as you have a working strategy, you are a successful trader. In terms of profit, since that's the context i think you mean, full time trader spends more time monitoring the market, that means they will be able to spot opportunities better and take better advantage of them before the part time trader may even see it. So full time traders with successful strategies get more profit from trading IMO.
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xmonkeyx
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September 13, 2021, 12:53:53 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
I don't think that when you trade full time seeing the market price at any time can spoil your plans to take profits if you can't control your emotions well. I myself trade do not have much time. if you want to trade daily you only need to set a profit target without having to see the market all day long it will make time wasted.
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lienfaye
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September 13, 2021, 01:12:56 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
Well you dont need to become a full time trader to be called successful. A trader that has more wins than losses and able to take advantage the market (regardless if we are in bullish or bearish) is an example of a successful trader because you are aware of what should be done. On the other side, having lots of time to spend as a trader is an edge but it doesnt mean you cant succeed if you're doing it as a part timer, because it depends on your knowledge and strategy.
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Dewi Aries
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September 13, 2021, 01:17:18 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
I think it is not, but be full time trader means will really help trader to not miss opportunity. Like if can see market in a lot time, maybe when pump or dump come, especially for day trader which really rely on market movement. If must do anything else like work, maybe that trader will put stop loss to save their assets, but in other time when new oppotunity come, he can missed it.
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pawanjain
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September 13, 2021, 02:25:59 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
Full time or part time and long term or short term there are traders who make profits in all the categories and I must say thay not only profits but also losses. It takes time and experience to be a professional in any category and it is not necessary for you to leave your job current job and become a full time trader to get more profits. Although you will be able to learn more in full time trading you can very well make profits in part time as well as trading just on occasions. Many people also do swing trading where they buy/sell once and wait for a few weeks/months to execute the next order.
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Kittygalore
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September 13, 2021, 02:43:38 PM |
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Yes, you have to be full time because if you put a half assed effort then you wouldn't be getting anything from it besides half assed results. Plus it's not like you have to continue doing it full-time, you will eventually slow down and use smaller amounts of time because you've put in effort in the first place and you know what to do.
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LimLims
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September 13, 2021, 02:59:45 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
You can certainly say that yes it’s a fact. But it’s not necessary to be honest. If you rely completely on profit from trading then, yes you need to give full attention to trading. You need to choose the perfect coin and always hope on the market to see the best time to buy or sell the coin. Else if you are a long term trader and using trading to gain some additional money, then no need of full time. Just good market knowledge can give you good profit. Hope this helps you OP.
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Kelvinid
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September 13, 2021, 03:06:50 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
Being a full-time trader doesn't guarantee our success perhaps most of them had able to succeed than those who are casual/part-time traders. We still don't know until you've tried, maybe you should in order to found it right or wrong. But as I've seen in my life, having a huge time spend on the market makes us good at TA which is very useful in trading. This becomes an advantage of being a full-time trader but of course, the results still depend on how you manage yourselves and your trades.
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Furious 7
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September 13, 2021, 03:18:42 PM |
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Yes, you have to be full time because if you put a half assed effort then you wouldn't be getting anything from it besides half assed results. Plus it's not like you have to continue doing it full-time, you will eventually slow down and use smaller amounts of time because you've put in effort in the first place and you know what to do.
Actually, this is how from our strategy in trading, if daily trading is needed full time to keep control of the market, but if it is a little bit futures then the strategy will determine whether you are profitable or not. You don't have to be full time to be a successful trader you have to know the consequences of trading and also strategies for seeing potential coins, usually high-profit tokens buy and wait for a few days or even a long time, but that's how we consistently do it.
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Shasha80
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September 13, 2021, 03:18:53 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
I think it is not, but be full time trader means will really help trader to not miss opportunity. Like if can see market in a lot time, maybe when pump or dump come, especially for day trader which really rely on market movement. If must do anything else like work, maybe that trader will put stop loss to save their assets, but in other time when new oppotunity come, he can missed it. It does not guarantee being a full time trader will be successful, because it depends on how we analyze the market and control emotions. Part time trading can also be successful if done the right way, but as you said, full time traders have several advantages. Full time traders usually do have more time to monitor the market, so faster in making decisions, because it is faster to know where the market will move. And also full time traders are much more focused on trading. If we are serious about making crypto trading our main source of income, I really recommend becoming a full time trader.
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Dread Pirate Roberts
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September 13, 2021, 03:33:37 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
In fact, many are successful in trading by being passive traders and entrusting what they invest with as well as being holders. and to do a strong sell at a high price also takes time. and it is not possible only 1 day . maybe a few days. or maybe a few weeks. Becoming a trader does not have to be full time in front of the monitor and looking at the chart.
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freedomgo
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September 13, 2021, 08:57:18 PM Last edit: September 13, 2021, 09:07:45 PM by freedomgo |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
I think it is not, but be full time trader means will really help trader to not miss opportunity. Like if can see market in a lot time, maybe when pump or dump come, especially for day trader which really rely on market movement. If must do anything else like work, maybe that trader will put stop loss to save their assets, but in other time when new oppotunity come, he can missed it. It does not guarantee being a full time trader will be successful, because it depends on how we analyze the market and control emotions. Part time trading can also be successful if done the right way, but as you said, full time traders have several advantages. Full time traders usually do have more time to monitor the market, so faster in making decisions, because it is faster to know where the market will move. And also full time traders are much more focused on trading. If we are serious about making crypto trading our main source of income, I really recommend becoming a full time trader. Being a full time trader means you have more advantages to make more profits but it does not guarantee that you will mostly make successful trading most of the time. It will surely depend on how you use your strategies and how you trade depending on the market condition by that time. I do recommend also trading full time so you will able to maximize your profits but if you have other job aside from that, trading will still be successful as long as you are trading with proper motivation and skills. Trading may not need most of your time but it does need proper execution of your strategies all the time.
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Eureka_07
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September 13, 2021, 09:30:50 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
I actuall do not know anyone that is on full-time trading. Most of which that I knew are doctors, students, IT professionals, teachers, and a lot more. As of the market being volatile, I think having an stable job is safer that trading with full-time focus on it, though you might be able to predict/see through charts/event/news what could happen so you probably are prepared what to do. Also, as I've browse different social media platforms, I've read about those youngsters that are very successfull on their trades. Your choice in the end.
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Fatunad
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September 13, 2021, 09:48:20 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
In fact, many are successful in trading by being passive traders and entrusting what they invest with as well as being holders. and to do a strong sell at a high price also takes time. and it is not possible only 1 day . maybe a few days. or maybe a few weeks. Becoming a trader does not have to be full time in front of the monitor and looking at the chart. Yes, this is true and i have some friends which are long term holders and now they are rich and having some financially capable on buying out things that they do like but somewhat really needed up some luck for the coins that they've been holding but since they do believe that it does have potential then it is really considered to be part of their analysis which i can say that they had done well on selecting or choosing a good project. It doesnt really need for you to be an active trader for you to succeed but rather you do need to be smart on choosing which one would really give you out some nasty profits when it do soar up in the future. Look for real-use case potential and buy or get in while its still cheap.
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nelson4lov
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September 13, 2021, 09:49:41 PM |
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As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
Definitely not. There are different trading strategies to suit different types of traders. Short term traders like day traders and scalpers have to be very much active that succeed so that can pass as full time while trading strategies like swing trading that involves keeping trades for much longer time frames so it doesn't require much time and at such, doesn't need to be a full time affair. You can make your analysis, open trades and set open orders to hit afterwards even if you're not active.
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blockman
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September 13, 2021, 10:44:19 PM |
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I actuall do not know anyone that is on full-time trading.
There are really those real-life full time traders, I know a few of them and they are living with their profits through it. Most of which that I knew are doctors, students, IT professionals, teachers, and a lot more.
These professionals can also be a trader but differently from being a full time trader. They can be an investor and trader at the same time but they don't have full time to allot with their trades because they have a real-life profession to focus with. As of the market being volatile, I think having an stable job is safer that trading with full-time focus on it, though you might be able to predict/see through charts/event/news what could happen so you probably are prepared what to do.
Those who are experienced, they know about this. They're likely to find a job and focus with it but they choose to be a full time trader because they are also getting freedom from it and as well as decent profit if they're professional on it already. Also, as I've browse different social media platforms, I've read about those youngsters that are very successfull on their trades. Your choice in the end.
Yup, that's it. They've chosen to become a full-time trader because they see their future on it. Not everyone can be one.
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chanler
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September 13, 2021, 10:51:02 PM |
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I think a good trader has their own time to trade and they don't trade every time, they have their own time and can determine the right time. it's good if we look at crypto market often but if we trade in full then it will make us feel greedy. if we can deal with it well then that's good, but if we can't respond well it will only be a boomerang for us. so it depends on the individual trust to trade full time or not. but the most importantly we must be able to minimize losses.
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lalabotax
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September 13, 2021, 11:12:15 PM |
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It is also difficult to define "successful". How much? As long as I know, being successful is not based on being fully trader or not, but it is about consistency and how we can manage our funds in trading, can manage our emotions, not be greedy or panic. We can earn a lot of money through the full trader. But we can also earn a lot of money also from not being fully traders. It will also depend on how you are.
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