Does a trader needs to be a full time trader to be successful?

[GreatArkansas]

Another case we can relate this is, "Quit the regular/full-time job, just to become a full-time trader"
By doing full-time in trader, it's still a risk, depends too on how you are trading. We all know how risky trading is, that's why I suggest trying first to be a part-time trader only before doing it full time, if you find it profitable then having more time in trading will probably result in more profits.

[ethereumhunter]

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 prefer to trade part-time than full-time trade because that can consume time to analyze the coin or the market. If we can manage our time in trading, I think we can make a profit from part-time trade to use the other time for anything else.

But you can be a full-time trade if you have time to analyze the coins and select more than one coin. Usually, when we trade more than one coin, that can reduce our focus and make us not careful in analysis.

[Gozie51]

Another case we can relate this is, "Quit the regular/full-time job, just to become a full-time trader"
By doing full-time in trader, it's still a risk, depends too on how you are trading. We all know how risky trading is, that's why I suggest trying first to be a part-time trader only before doing it full time, if you find it profitable then having more time in trading will probably result in more profits.

I think it is better done as part time. If I'm to consider trading to be a part time job that is capable of being a life time profiting job because you can go in to a trade and you profit as much as $5k -$10,000 from it and even a full time job may not give such in a long time and you still have time for leisure and other businesses.

A full time trading can be boring because such trader won't have time for other recreational activities but to stay under the screen of the computer, laptop or phone and this is also dangerous to the eyes staying under the rays for longer hours. Practicing part time trading is better to my choice. Trading is not an easy thing to do

[goldkingcoiner]

full time trading is less profitable than long term hodling, I believe.

[Sterbens]

full time trading is less profitable than long term hodling, I believe.

I think it depends on the trader, even a few part-time traders can be profitable and have a sustainable income. Indeed, for us the choice of holding is not to be on the market for hours on end. So day trading traders interact more with the market and price movements. Not even a few of them deliberately learn specifically just to master trading in trading.

[jrrsparkles]

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?

If you do trading all the time in a day then it falls under day trading, based on statistics not much people were successful by doing day trading in long term whether they are doing it part time or full time this is enough to justify that we no need to be a trader everyday but you can be a full time trader by working only 4 hours a day once you made enough money.

First of all, everyone should trade and treat it as part time, once you know the strategies you can make money with less effort.

[goldkingcoiner]

full time trading is less profitable than long term hodling, I believe.

I think it depends on the trader, even a few part-time traders can be profitable and have a sustainable income. Indeed, for us the choice of holding is not to be on the market for hours on end. So day trading traders interact more with the market and price movements. Not even a few of them deliberately learn specifically just to master trading in trading.

The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.

[Sterbens]

The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.

I don't think that it's a good solution giving our trades to Bots, what can we learn if instant using Bots? do have income, but as traders they prefer manual over their assets to trade on their own. I am not a day trader or even a short term trader. Because having free time just trading it will consume my offline working time.

Then you mean gambling, maybe it doesn't apply to our trading. Are you talking about trading on a Binomo platform? I really don't like it, because according to what you say it's not trading but rather a gambling system.

[carlfebz2]

The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.

I don't think that it's a good solution giving our trades to Bots, what can we learn if instant using Bots? do have income, but as traders they prefer manual over their assets to trade on their own. I am not a day trader or even a short term trader. Because having free time just trading it will consume my offline working time.

Then you mean gambling, maybe it doesn't apply to our trading. Are you talking about trading on a Binomo platform? I really don't like it, because according to what you say it's not trading but rather a gambling system.

Bots are for automation which basically means that you do still need to set it up according into your own preference unless if it is already pre-setup then you wont need to touch something but at least you do know
on what it do basically functions and you must be aware of that.

I dont see the bad sides of using it as long you do know on what you are doing and its part of the tools since not all the times we are in front of our pc which simply means that these bots are quite
relevant and useful.

You dont need to be a full time trader to be successful because even long term trades could really lead you into that.

[jaberwock]

You don't have to because there's a lot of different time frame in trading, and you'll only become more successful if you start trading based on your own timeline and having the right knowledge about trading, can make you profitable as well.

I have a lot of friends who trades full time and most of them goes back from working because trading can't sustain your daily needs because the profit here is not guaranteed not unless you don't need much money everyday then you can really afford to take such risk.

It is not about which time zone you are in, but the more time you spend there are more chances to earn some money that can't be disregarded. I am not saying you should be on 24 hours a day to make money, you can make money in 30 minutes as well.

Let's say your aim is to reach 100 bucks a day earned from trading, and you ended up managing to make 100 bucks in one hour, if you close it and go live your life you will probably be happier, that's a good way to spend your time. However if you end up spending time to earn even more, then you could even have more days left in the future, why stop at 100 bucks in one hour even if it s your goal, make 1000 dollars in 10 hours if you can or if you fail at least you tried. This is why spending time is not a must but it is certainly something traders consider when they are working on getting some profits.

[geegaw]

You don't have to be full time. Part time is enough to make a profit. You only need to take advantage of buy orders and sell orders. Do it over and over again. For example buy at -5%, and place sell orders +5% of the purchase price, if the market reaches your order will automatically be completed and profit will be earned.

The fact is that profit does not come from the time that we contribute, profit in trading is not generated in every minute and every hour, it depends on the volume of buy orders and pressure of sell orders and the general intention of the crowd, these correlations will have a suitable crossover point and by just being aware of this point, the trader has more than half of the success. The next half of success will be strategy, full-time is just a guard duty and doesn't mean much while the current design already has automated software for that.

[Sterbens]

Bots are for automation which basically means that you do still need to set it up according into your own preference unless if it is already pre-setup then you wont need to touch something but at least you do know
on what it do basically functions and you must be aware of that.

I dont see the bad sides of using it as long you do know on what you are doing and its part of the tools since not all the times we are in front of our pc which simply means that these bots are quite
relevant and useful.

You dont need to be a full time trader to be successful because even long term trades could really lead you into that.

You are right, covering technology with crypto trading then has provided a trading bot and that gives us the leeway to let the bot work. we just wait for the results and let the income or profits flow according to what we have targeted.
doesn't that mean? Indeed, we must use bot trading to help when we are at sea and don't have time to trade daily. So far I've never tried it, because I'm just the type of holder, (buy, withdraw and hold) do not really care about the price increase, or decrease in the near term. It doesn't matter how the market is, because the coins I bought were priced 2 years ago. So I have been taking profit even when the market price dropped yesterday. The holder benefits from this.

[goldkingcoiner]

The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.

I don't think that it's a good solution giving our trades to Bots, what can we learn if instant using Bots? do have income, but as traders they prefer manual over their assets to trade on their own. I am not a day trader or even a short term trader. Because having free time just trading it will consume my offline working time.

Its just impossible to out-trade the bots. If you make a bad trade and back out, you will lose more than you made last time

[Sterbens]

The market is random and cannot be predicted due to having too many external variables. It CAN be approximated but people pay millions for AI Bots that see the signals and instantly do the trades before you even have a chance to think. Its basically gambling unless you do it on longer time scales.

I don't think that it's a good solution giving our trades to Bots, what can we learn if instant using Bots? do have income, but as traders they prefer manual over their assets to trade on their own. I am not a day trader or even a short term trader. Because having free time just trading it will consume my offline working time.

Its just impossible to out-trade the bots. If you make a bad trade and back out, you will lose more than you made last time

I already said above that unfortunately I don't use any bots for trading. I am only a holder of For Bitcoin, as for altcoins as an alternative that I use, but it does not involve bots to sell altcoins with other deeds, I still manually trade. With a clearly different risk then of course I prefer to control it according to my wishes. If it's not trading today, I'm not too worried.

[V-t.Ester]

As trader wish. If trader have time, desire and possibility to trade 24/7 then why not? Sure it’s not the key to success. The key to success is knowledge, trading skills and luckiness of a trader. However today trader doesn’t really need to sit every moment near the comp. Crypto markets provide traders with cool mobile apps, where trader can do everything the same that near comp: to watch everything he needs, to put or deny limit orders, to send assets, to make crypto deposits, to set alerts, etc. There are a huge amount of functions. So using such app trader is no longer attached to his comp. and always aware of what is happening with his assets.

[Natalim]

You don't have to because there's a lot of different time frame in trading, and you'll only become more successful if you start trading based on your own timeline and having the right knowledge about trading, can make you profitable as well.

I have a lot of friends who trades full time and most of them goes back from working because trading can't sustain your daily needs because the profit here is not guaranteed not unless you don't need much money everyday then you can really afford to take such risk.

It is not about which time zone you are in, but the more time you spend there are more chances to earn some money that can't be disregarded. I am not saying you should be on 24 hours a day to make money, you can make money in 30 minutes as well.

Let's say your aim is to reach 100 bucks a day earned from trading, and you ended up managing to make 100 bucks in one hour, if you close it and go live your life you will probably be happier, that's a good way to spend your time. However if you end up spending time to earn even more, then you could even have more days left in the future, why stop at 100 bucks in one hour even if it s your goal, make 1000 dollars in 10 hours if you can or if you fail at least you tried. This is why spending time is not a must but it is certainly something traders consider when they are working on getting some profits.

A trader will generate more profits if he spends most of the time learning trading but it does not mean if you are a part time trader, then you will not make profits anymore. Trading can only be successful if its executed with knowledge, skills and patience of course. Being lucky is just a plus factor on it.

But being a full timer trader too has definitely a high risk too  because you can't guarantee sure profits all the time even how good or skilled you are. This is the reason why other traders prefer as part time than to focus on trading full time.

[tvplus006]

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?

Daily trading requires full immersion in the market, which includes monitoring the news and prices of the main coins throughout the day. If you do not have the opportunity to spend your working day in front of the terminal, you should focus your efforts on long-term trading, which usually brings more profit for beginners.

[sherenikaw]

there is no guarantee that traders who work full time will succeed and traders who are not full time will fail. it all depends on what is done, if we trade full time and instead make us rush and not be careful then it will actually be detrimental. so it's only natural in trading and learning to analyze the market so that we can decide the right time to trade so that we can get a profit. so it all depends on our attitude and also our efforts in trading, prudence and also patience are important things.

[wajik-tempe]

Yes and No. Depends on what type of trader the person is and how long the interval between the trades, but the most important thing trader should be have a lot of trading knowledge before trading and followed by experience.
Scalping day traders maybe should be a full time traders because they have to make profit within a day every day, so it's quite hard if they are just a part time traders.
But a long time interval traders ( more like investors ) are usually just enter the market when they already have done a deep research about the coin that they want to hold for a long time.

[goldkingcoiner]

full time trading is less profitable than long term hodling, I believe.

In some way, especially if you are holding a good coin, holding is for a long term big income while trading is such a daily income.

In the long term, the probability of you losing more money day trading than hodling is much much higher. Daytrading is not worth it, at least for me. One wrong move and you lose all the profit you made over weeks in 1 trade....