Should you quit your job to trade?

[YOSHIE]

Should you quit your job to trade?

The daily work that we do does not have the slightest influence on trading in the crypto market, in my experience work and trading are two separate things and are done at separate times, not at the same time.

Work is generally done from morning to afternoon, depending on where they work, generally morning and afternoon, for this reason crypto trading can be done at night, the reasons are:
At night the trading activity situation is more relaxed, relaxed, focused and so on, it is calmer to do it, so there is no influence on that.

[Rubuchi]

Should you quit your job to trade?

The daily work that we do does not have the slightest influence on trading in the crypto market, in my experience work and trading are two separate things and are done at separate times, not at the same time.

Work is generally done from morning to afternoon, depending on where they work, generally morning and afternoon, for this reason crypto trading can be done at night, the reasons are:
At night the trading activity situation is more relaxed, relaxed, focused and so on, it is calmer to do it, so there is no influence on that.

we have almost the same thoughts. Though our thinking may not be completely the same. For example I don’t have to wait till I’m out of the workplace before trading, since I don’t really have a very specific time to trade but only trade when I know it will pay me being it during the day or at night. My work is equally flexible or let me put it as I’ve tried as much as possible to make my work flexible for myself hence I will just focus on what I know works best for me. I don’t like to work under pressure and also love to give myself a proper working schedule and try to stick to it so I don’t have leftovers to deal with much later. Then I check my trades in between. I am more of a swing trader than a day trader which was a decision I took deliberately just to give that space and time to be able to do other things flexibly.

[Rockstarguy]

It is not recommended and of course, not wise to consider leaving a job to trade. But it is possible that there are people who in their lives, make money solely from trading.

One of the reasons why it is not wise to rely on trading is that trading can't be predicted; there is a lot of uncertainty in trading. There are daily expenses that we can't just push aside without solving, and with this, you can't just rely on trading.

There is profit in trading, but it is not worth it to rely only on trading. For those who quit their jobs for trading, I think they have other stable sources of income on which they can also rely. Some people don't know that you need money to trade; money for trading does not come from trading but from other sources, and while you rely on trading, anything can happen.

[nara1892]

I also got involved in trading initially because I was motivated by the success of other successful traders, but at that time I didn't quit my job, my mind was still rational that quitting a job that clearly provided a monthly income for something I had just learned was unreasonable, moreover there is no rule that when someone is involved in trading they have to quit their job, there is no such rule, from here I can conclude that it seems like you OP are too ambitious in responding to the success of successful traders to the point that you cannot see the other side of trading, such as the risks.

[I_Anime]

I also got involved in trading initially because I was motivated by the success of other successful traders, but at that time I didn't quit my job, my mind was still rational that quitting a job that clearly provided a monthly income for something I had just learned was unreasonable, moreover there is no rule that when someone is involved in trading they have to quit their job, there is no such rule, from here I can conclude that it seems like you OP are too ambitious in responding to the success of successful traders to the point that you cannot see the other side of trading, such as the risks.

Beside trading is not something you can do with $0 you need some kind of capital to trade and your job can play the role to cover that space . Trading can be seen as a full time job especially for those that have fully mastered the market .

While for those that are still new is advisable to keep your jobs as you embark on the journey of trading it will help in so many ways like not depending on trading alone (because depending on your trading while you are still new will only make you pressure your account and stuff ).

[8rch7]

I also got involved in trading initially because I was motivated by the success of other successful traders, but at that time I didn't quit my job, my mind was still rational that quitting a job that clearly provided a monthly income for something I had just learned was unreasonable, moreover there is no rule that when someone is involved in trading they have to quit their job, there is no such rule, from here I can conclude that it seems like you OP are too ambitious in responding to the success of successful traders to the point that you cannot see the other side of trading, such as the risks.

Good decision your minds still rational not quitting a job for fully focus at trading, I think trading behind working is completed each other when position get loss we have back up fund get capital from our job salary get opportunity to make profit in trading. If quit from job and fully focus at trading if the difficult moment market crash then our capital get stuck I don't know how to get back up fund exactly trading is the only one our source income.
Trading during working make us has double income and good way how to avoid if sometime trading position not give us profitable, if full focus at trading and quitting a job we can't earn double income and sometime without income if the market not stable exactly need long term moment waiting for.

[AYOBA]

Unfortunately, I gave up my job and started watching those trading videos regularly. I especially watch interviews with successful traders who are earning millions of taka per month from trading. I started trading mainly because of these false hopes and to be honest I lost a lot of money. But I learned a lot from my mistakes that will help me do better in crypto in the future.

Have you had any such experiences in your life?

So many people have had this same experiences but also learn from their mistakes. The big mistake that you make right from the beginning is your job that you drop out and face the trading process, it’s good that when someone is a salary earner to another way of earning money but is not that you will drop the current job you have I think that’s not proper ideal.

Because if you keep the job active is through there you will be getting some little amount of money and take it into trading, some people are seeing a trading just simple as ABCD, and is not like since trading is not only about the capital to start it's also about learn and do more research about it in order to get more knowledge of the marketing.

[Kelward]

I also got involved in trading initially because I was motivated by the success of other successful traders, but at that time I didn't quit my job, my mind was still rational that quitting a job that clearly provided a monthly income for something I had just learned was unreasonable, moreover there is no rule that when someone is involved in trading they have to quit their job, there is no such rule, from here I can conclude that it seems like you OP are too ambitious in responding to the success of successful traders to the point that you cannot see the other side of trading, such as the risks.

Trading is a profession but it's not the type to fully but all your hope on to make money and survive because you don't control the market, it means that there is no guarantee of making money from it. As a responsible adult with financial responsibilities that you need to cater for on a daily basis it is very risky to depend on trading to meet up so it is better that you take it as a side hustle, when you make profit it will be a plus to your main source of income.

The major reason that I believe many traders who takes it as their only source of income or major source of income is that they are too desperate to make profit while in reality trading requires a lot of patience. Newbies must understand that trading is not a get rich quick scheme so you need to enter your trade with amount that you can afford to loose and don't put all your trust on it to be making steady income.

[Royal Cap]

Good decision your minds still rational not quitting a job for fully focus at trading, I think trading behind working is completed each other when position get loss we have back up fund get capital from our job salary get opportunity to make profit in trading. If quit from job and fully focus at trading if the difficult moment market crash then our capital get stuck I don't know how to get back up fund exactly trading is the only one our source income.
Trading during working make us has double income and good way how to avoid if sometime trading position not give us profitable, if full focus at trading and quitting a job we can't earn double income and sometime without income if the market not stable exactly need long term moment waiting for.

Well, the decision to keep your job and trade is actually quite realistic but thinking of it as a double source of income is a bit of a misunderstanding to me.  Trading doesn't always provide regular income, so it's better to keep it as a support, not the main income. Because in reality many people realize after quitting their jobs that the market doesn't always provide opportunities, then if the income is stopped, the pressure increases a lot. But if you have a job, at least there is a security, so you can keep a cool head in trading too.

[ChocolateBitcoinK]

Good decision your minds still rational not quitting a job for fully focus at trading, I think trading behind working is completed each other when position get loss we have back up fund get capital from our job salary get opportunity to make profit in trading. If quit from job and fully focus at trading if the difficult moment market crash then our capital get stuck I don't know how to get back up fund exactly trading is the only one our source income.
Trading during working make us has double income and good way how to avoid if sometime trading position not give us profitable, if full focus at trading and quitting a job we can't earn double income and sometime without income if the market not stable exactly need long term moment waiting for.

Well, the decision to keep your job and trade is actually quite realistic but thinking of it as a double source of income is a bit of a misunderstanding to me.  Trading doesn't always provide regular income, so it's better to keep it as a support, not the main income. Because in reality many people realize after quitting their jobs that the market doesn't always provide opportunities, then if the income is stopped, the pressure increases a lot. But if you have a job, at least there is a security, so you can keep a cool head in trading too.

Just like a job provides us with a certain amount of money at a certain time, but in the case of trading we will not get that, we will not always be able to profit for sure, especially in the initial stage we will have to face more losses than profits. So it is a big mistake to consider it as the main source of income from the beginning, and it causes a lot of losses. So if someone quits their job and relies entirely on trading before achieving full proficiency here, then even in a slightly bad situation they will fall into a lot of mental stress, so first understand the reality, refrain yourself from unnecessary risks, and try to increase your experience and skills here over time, do not quit your job in excitement.

[@ICON$]

Quitting your job for tradering isn't a good Idea. As a person coming into the trading industry you need another source of income to keep you going, there are times when things go south when you blow up account you need a source of income to back that up to strengthen up again and to take care of other needs. That alone can help ease off some frustration at the moment

[Finebone]

Quitting your job for tradering isn't a good Idea. As a person coming into the trading industry you need another source of income to keep you going, there are times when things go south when you blow up account you need a source of income to back that up to strengthen up again and to take care of other needs. That alone can help ease off some frustration at the moment

You were spot on by your statement here mate. Trading is not like job or a business that guarantees you returns at the end of the day, week or month, so depending on it only for a living will surely ends in frustration, because in trading the chances of losing your money is way greater than your chances of winning, so that entails that you wouldn't be at the winning end consistently, even though you are one of the best traders around, so if you have no other source of income to generate money to use in taking care of your basic needs that exact time , it's going to ends bad fir you financially.

[tvplus006]

One of the reasons why it is not wise to rely on trading is that trading can't be predicted; there is a lot of uncertainty in trading. There are daily expenses that we can't just push aside without solving, and with this, you can't just rely on trading...

You can quit your main job only if you have already earned a lot of capital, which will allow you to live carelessly on bank interest or on dividends from purchased shares. But to do this, you must either be a good trader or have a high-paying job.

[bakasabo]

If question is based on what OP has written in first post (got motivated and lost money), then I the answer is obvious. A person whos profession is trader, I see a person who trades not only with his own money, but also people trusted him their. So its also some sort of a job, as you work to earn for others. Questions narrows to change one job for another. In that case, I wont do that because 1) current job suits me 2) I think I wont be able to do something to earn parallel working on other job.

[Zoomic]

One of the reasons why it is not wise to rely on trading is that trading can't be predicted; there is a lot of uncertainty in trading. There are daily expenses that we can't just push aside without solving, and with this, you can't just rely on trading...

You can quit your main job only if you have already earned a lot of capital, which will allow you to live carelessly on bank interest or on dividends from purchased shares. But to do this, you must either be a good trader or have a high-paying job.

Is it even necessary to quit your job when it's not stressful, it's not tiring and maybe your boss is not nasty. Or will they quit because they have made alot of money?
I do not think it's necessary to quit your main job if it is not disturbing you. Even if your side hustle (trading) pays better than your main job, it does not mean you should quit your main job. Trading it's cancelled because somehow passive and allow you to control your time.

Two is better than one and if there is a way to keep your job and also trading, it will be a nice idea and maybe on the long run you'll love it when your finances will begin to add up.

[Maiconbtc973]

Trading is a profit and loss business. I won't advise anyone to quit his or her job for trading. It can be better and good also bad and worse. In trading, today you will become a millionaire and tomorrow you can lose everything you have gotten from it. One bad trade can return you to square one making you lose everything you have fought for. I will never advise anyone to quit his or her job to do trade alone. What if the trading takes all your capital and you have nothing left, what will be your faith. You can take trading as a side hustle and also be working. The two can generate you what you want, if this one is not working, you sustain yourself with the other one.

[kawetsriyanto]

You can quit your main job only if you have already earned a lot of capital, which will allow you to live carelessly on bank interest or on dividends from purchased shares. But to do this, you must either be a good trader or have a high-paying job.

I don't think we need to quit our main jobs although we have bank interest or some kinds of assets. Unless we are already above 60 years old, it is better to keep working as usual. We need to optimize our ability as long as we are in productive ages to work. It is one of the kind of our responsibility of our ability given by the God. We hope to give contribution as many as possible in this world. 

I do not think it's necessary to quit your main job if it is not disturbing you. Even if your side hustle (trading) pays better than your main job, it does not mean you should quit your main job. Trading it's cancelled because somehow passive and allow you to control your time.

Yep. As long as the job isn't very difficult work, why we must quit? Also, there is no guarantee that we can get enough money from trading. Even professional traders, they still get losses. I'm not really sure that someone really can rely on their income from a single thing like trading.

[Mr Reporter]

Good decision your minds still rational not quitting a job for fully focus at trading, I think trading behind working is completed each other when position get loss we have back up fund get capital from our job salary get opportunity to make profit in trading. If quit from job and fully focus at trading if the difficult moment market crash then our capital get stuck I don't know how to get back up fund exactly trading is the only one our source income.
Trading during working make us has double income and good way how to avoid if sometime trading position not give us profitable, if full focus at trading and quitting a job we can't earn double income and sometime without income if the market not stable exactly need long term moment waiting for.

Well, the decision to keep your job and trade is actually quite realistic but thinking of it as a double source of income is a bit of a misunderstanding to me.  Trading doesn't always provide regular income, so it's better to keep it as a support, not the main income. Because in reality many people realize after quitting their jobs that the market doesn't always provide opportunities, then if the income is stopped, the pressure increases a lot. But if you have a job, at least there is a security, so you can keep a cool head in trading too.

First in life what you most think of is the risk of everything yiu want to go into at a time is this worth the risk for? You don’t just jump into something and expect to become more profitable or successful in it a day there most be price been paid for it that just the truth…well and you have to have it at the back of your mind that it might and you should not give easy in life..but if you see the job you are not comfortable with the pay you have the right to change what you want in life with this…and one full reason why it those not worked out for them is because they are alway afraid of themselves not believing in your self that you can not make it..

[Zanab247]

I think the problem is not trading, but the way we view it. YouTube or social media only shows success stories but no one shows the loss part and that's where the wrong expectations are created. But in reality trading is actually a very slow process and here you have to pay the price for your own mistakes, So now I think it was wiser to stay in your position and learn slowly than to quit your job.

There are some people who don't want to learn crypto trading but other traders results is attracting them to leave their job to join trading, which is not a good idea any new trader should develop, because when you show interest of learning crypto trading before involving money on it, it will help you to earn what will make you to focus on crypto trading. A lot of people have followed those social media traders without achieved a good result from their trading, because those mentors on social media are not real mentors that will impact you to become a professional in crypto trading, and some of them cannot even showcase their profit to those they are impacting crypto trading.

This is decentralized currency which you can learn it on your place of work to achieve the knowledge to improve in crypto trading. You don't allow anyone to tell you to quit your job before you can learn to understand crypto trading which is not true unless you feel like concentrating on crypto trading only.

[AGogi2003]

First in life what you most think of is the risk of everything yiu want to go into at a time is this worth the risk for? You don’t just jump into something and expect to become more profitable or successful in it a day there most be price been paid for it that just the truth…well and you have to have it at the back of your mind that it might and you should not give easy in life..but if you see the job you are not comfortable with the pay you have the right to change what you want in life with this…and one full reason why it those not worked out for them is because they are alway afraid of themselves not believing in your self that you can not make it..

In this life anything we're doing risk will always involve because without taking risk he will be very difficult to succeed in what you want to achieve. But sometimes we need to be thinking wisely before taking any step. Trading is not something you will do in a easy way and start to get profit. I can says is very bad in my own opinion to quite your job just to join Trading that is a very wrong decision.

If you don't run a job or any business or probably investment that give you money how can you get more funds to risk in trading. The way investors talk about you should get source of income before start bitcoin investment that is how trading is too, and is very dangerous more then investment so we need to do everything in wise way. People quite job when they find a better job that is more better then the present one, and you can quite and move to other one since he can give you more money and chase what you need.