Are you too good in trading and now earning the money you want to use to hodl?

[Oshosondy]

Trading is not a source if income. That is the advise form old traders, but we advise people like that because we want them not to lose money in trading, but eventually some people will become a trader and make money from it. These are the people that will think they should earn money from trading as they later are realizing money from trading and not losing than winning. Such person can turn trading to one of the ways of making money. We do not conclude this because we know traders will find this out but be consii about how trading is very risky like gambling.

Are you so good in trading to the point that trading become the source of income for you?
The second question I will ask is that does trading give you more money for you to invest in crypto for the next bull market? Do not lie.

[Awaklara]

Sometimes I still make a profit, but I also experience losses. I still find it difficult to be profitable consistently, especially since I don't trade very often. 
In the past, I always allocated every profit from trading for investment. But profits cannot be continuously obtained. In the end, I also have to decide to take some of the accumulated profits to use as capital for trading again. 
I am not a great trader; I trade with fixed capital. So the profits I earn will be set aside, not added to the trading capital.

[Wapfika]

I’m not too good on trading and I’m glad I stop trading long time ago to save money which I dedicated for holding instead of risking for short term profit.

I give up already any dream that I can get consistent profit on trading considering how volatile all crypto price. It’s either I’m just completely holding my crypto on hardware wallet or earn small passive profits through staking.

[cryptoaddictchie]

I’m not too good on trading and I’m glad I stop trading long time ago to save money which I dedicated for holding instead of risking for short term profit.

I give up already any dream that I can get consistent profit on trading considering how volatile all crypto price. It’s either I’m just completely holding my crypto on hardware wallet or earn small passive profits through staking.

Sometimes, I still trade though but only feequent times. I dedicated most of my time through defi projects which is more convenient for me as theres some rewards you could get at a very low risk. Like staking process, and other methods in which could boost yield that is good even not comparable to trading results. Well its up to someone whether he got a decent profit or not. Trading is more riskier and not all users can accept such outcome sometimes.

[Bd officer]

Are you so good in trading to the point that trading become the source of income for you?
The second question I will ask is that does trading give you more money for you to invest in crypto for the next bull market? Do not lie.

Actually we know that trading cannot be a source of income. Although I am not that good at trading but I do trade occasionally, trading has not become a source of income for me. I will not be able to make regular profits. Although I made some profits but again there were losses.

No, rather I have fallen further behind. I lost money trading a few days ago, if I had bought BTC instead of trading then I would have had some more BTC. So I try to stay away from trading for now.

[crwth]

I would agree more with those making it as a side income. I know that it could be a main source, but it's best that it's not the only one, because you can never know the volatility that you might get with it. Yes, you can earn, but you need discipline.

IMO, the best thing that a trader can do is be consistent with risk management metrics, and have the right risk-reward ratio and the right position sizing when trading in futures. You should expect that it's not a straight path that you can always win.

It is always the trend that wins.

[BitMaxz]

Actually, I don't have a large trading capital; I trade, but I don't consider it a source of income because my profits are insufficient to cover my living expenses or feed my family.
I don't touch the profits; I keep them because sometimes I have a losing streak, and if you take your previous profit, your capital will suffer due to negative profit.

Even if I am good at trading, I should not touch them; I need to grow my account first, which is my first goal, and I have a target amount that I need to reach before I can take some of my profits.

Regarding your 2nd question, I haven't decided whether the profits I made from trading will be used to buy more coins. I'm not eager to invest, but I'm waiting for some signs or, at the very least, near block halving because, as in the past cycle, the demand must be high at that time before or after block halving is completed.

[lizarder]

Trading is not a source if income. That is the advise form old traders, but we advise people like that because we want them not to lose money in trading, but eventually some people will become a trader and make money from it. These are the people that will think they should earn money from trading as they later are realizing money from trading and not losing than winning. Such person can turn trading to one of the ways of making money. We do not conclude this because we know traders will find this out but be consii about how trading is very risky like gambling.

The percentage of people who make money consistently in trading is so small that getting involved in it is much more difficult for most of us today. Initially I also thought that I could make money from trading so that the profits I got could be used to invest in Bitcoin, but on the way it was different and I even had to add other capital when I was involved in trading so that in the end trading was no longer something I thought about.

If trading skills are good and there is a much greater chance of achieving profits, maybe that is true because they can use trading as a place to make money so that the money they get from trading can be used to invest in bitcoin. This is an exception because in my opinion not everyone can be successful in trading so this is seen based on each individual's ability to utilize existing potential.

[BRINIRHA]

Trading is not a source if income. That is the advise form old traders, but we advise people like that because we want them not to lose money in trading, but eventually some people will become a trader and make money from it. These are the people that will think they should earn money from trading as they later are realizing money from trading and not losing than winning. Such person can turn trading to one of the ways of making money. We do not conclude this because we know traders will find this out but be consii about how trading is very risky like gambling.

Are you so good in trading to the point that trading become the source of income for you?
The second question I will ask is that does trading give you more money for you to invest in crypto for the next bull market? Do not lie.

Trading isn’t really my main source of income. Besides, I rarely trade, I don’t do it every day. I only trade at specific times or when the market conditions are favorable. I also have a business that brings in a decent income, though not as much as some others; still, I’m proud of it. I look for additional income online and sometimes through trading. I do put most of the profits into Bitcoin investments. My goal is to use this extra income for long-term investments, especially in Bitcoin. As for my daily living expenses, I cover those through my job or the business I run. Trading is never easy. So it’s only natural that experienced traders wouldn’t recommend relying solely on trading for income.

[Strongkored]

Once upon a time I thought I was a good trader because I could consistently make profits every day for several months.
But I slowly realized that being a good trader isn't just about consistently making profits, but also about learning about the market. By learning, we become more cautious.
However, if I were asked which is more profitable, trading or holding, then holding would be. If I were to hold onto the capital I used to trade for a while, the results would be more encouraging than what I got from trading regularly.

[Moreno233]

This is my long term plan in trading, become highly profitable and from the proceed of my trading I will be accumulating Bitcoin to HODL. I may not have gotten there yet but I have started the process of actualizing this and with time I will achieve it. However, I'm careful not to be be desperate about because that can ruin plan. In other to avoid being desperate, I set ten years plan to achieve that from when I started.

[shinratensei_]

Once upon a time I thought I was a good trader because I could consistently make profits every day for several months.
But I slowly realized that being a good trader isn't just about consistently making profits, but also about learning about the market. By learning, we become more cautious.
However, if I were asked which is more profitable, trading or holding, then holding would be. If I were to hold onto the capital I used to trade for a while, the results would be more encouraging than what I got from trading regularly.

Currently, holding coin is 99% that make up my on-chain activity, it's stress free activity for me not trading that much is actually improving my mental health but I do still find some opportunity if it arise.I do agree wth OP though, hodling is the way because it doesn't take genius to just hold and investing both your time and money. The only disadvantage with holding is without good sum of capital we're akin to wasting time waiting for the price to grow.

Be sure to save up some money and do DCA so that holding will actually matter for you financially, not waiting to get $20 profit holding for 1 full year which is essentially just wasting time.

[michellee]

Choosing trading as a source of income is not easy as they must learns many things. They can't just learn and trading then not learning anymore because the market will always moves and we need to keeps analyze.

I am not good in trading but I can make a profit. But I don't used trading as a source of income as that is difficult for me. If I can makes decent profits in crypto trading, I can have more money to invests in crypto for the next bull market. But I have allocation to invest in crypto so that is not a problem for me if I lose money in trading as I have the allocation money.

[justdimin]

This is my long term plan in trading, become highly profitable and from the proceed of my trading I will be accumulating Bitcoin to HODL. I may not have gotten there yet but I have started the process of actualizing this and with time I will achieve it. However, I'm careful not to be be desperate about because that can ruin plan. In other to avoid being desperate, I set ten years plan to achieve that from when I started.

This is what most people assume, but if you are profiting from trading, you are not going to stop. Think about it, even if you start from 100 dollars and somehow manage to reach 100 million dollars, that would be enough for you forever, hell if you are not stupid, that would be enough for couple of generations. But something that took you from 100 dollars to 100 million dollars, why stop?

People who make that much money will just keep doing it, so it doesn't matter from what to what price, if you keep profiting, you will definitely keep doing and never think about stop. Practically if I will be cracking any such strategy for my trading, I will secure my profits and I will set limits for my total capital and by dividing that total capital into 10 parts, I will continue my trading with 1 part. So, I have 10 more chances to repeat still my major portion of profits is already secured and invested in bitcoin or real estate kind of long term assets.