Should you quit your job to trade?

[Achalugo BTC]

No, I can never do that. Did you quit your job for trading recently or at some point in your crypto journey? Because I find it hard to believe that you would do this based on how long you have been on the forum. For someone who has been on the forum since 2014, I would expect him to know how risky trading is and that most of these trading videos online are fake. Their agenda has always been to rip off their followers.

One doesn't need to be on the forum for a long time to know how risky trading is. Yes people are making good money from trading, but it is not as some people would think it to be, a lot of people parade online about how profitable their trades are, but some are not really as it seems, cos some are only influencers and following them might just mislead you. except of cos you are 100% confident in your skills and trading revenues.

[leonair]

No, not at all.
Sharing my own experience, I was working in a well paid job and the salary was enough to meet my needs. Also, I was saving extra money every month. During this job I used to watch various videos on youtube about trading and a lot of greed developed inside me.
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?

Trading cannot be a solution for permanent income because no one can completely guarantee that each of his entries will work correctly and he will be able to make profits constantly through his predictions, but a job is a great financial security for a person because after a certain period of time he gets a certain amount of salary from here, with which he can make a road map for his entire month, where and how much money he will spend and maintain everything properly, although trading can be profitable, trading never helps anyone manage all his affairs smoothly, but rather keeps him under mental stress. Trading can be a source of part-time income for someone, but one should never think of quitting one's job or quit one's job for trading, I have no such history.

[programmer3666]

No, not at all.
Sharing my own experience, I was working in a well paid job and the salary was enough to meet my needs. Also, I was saving extra money every month. During this job I used to watch various videos on youtube about trading and a lot of greed developed inside me.
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?

In all honesty, I would not advise someone to quit a stable job just to focus fully on trading. Some people can study trading for years, sacrifice their time and still not end up profitable consistently. Trading looks easy online because many people only show their wins, but they hardly show the heavy losses and stress behind it. I think it is better to have a stable source of income first, then trade with extra money and learn gradually instead of depending on trading alone to survive. I am practically at that stage right now in my life.

[MarjorieZimmermanGinger]

No, not at all.
Sharing my own experience, I was working in a well paid job and the salary was enough to meet my needs. Also, I was saving extra money every month. During this job I used to watch various videos on youtube about trading and a lot of greed developed inside me.
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.

This is a big mistake you make because you quit your job just to learn trading when you could actually find free time to learn trading properly. Not everyone is successful in trading, so it's quite risky to decide to quit your job just to engage in trading full-time without understanding trading well. If you're still working, you can invest the money you've saved or trade with an amount you can afford to lose. This allows you to learn trading at a more relaxed pace without having to force yourself to use much larger amounts of money.

This can be an important lesson for you and anyone else, as engaging in any activity requires sound knowledge to avoid making mistakes. Experience teaches us that failure is a crucial lesson that we need to evaluate so we can improve in the future when we resume the activity.

[Royal Cap]

No, not at all.
Sharing my own experience, I was working in a well paid job and the salary was enough to meet my needs. Also, I was saving extra money every month. During this job I used to watch various videos on youtube about trading and a lot of greed developed inside me.
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?

To be honest quitting your job and going into trading completely is not as easy as it may seem from the outside, in reality. Because the market is not always the same. It seems easy to make a profit in a bull run but in a bad market, the mental pressure increases a lot. And not everyone will succeed in full time trading. Success stories are often seen on social media but no one usually says how many people quietly lose and go back to work. This is why having a stable income is actually an advantage, It is easier to be patient when trading alongside a job, because there is no pressure to make a profit from every trade.

[Shinpako09]

No, that’s definitely not a good idea, unless you’re already profitable and consistently making more than your monthly salary. No one should quit their job if they’re just starting in trading. Don’t always believe those videos that make it look easy, because what they don’t show or tell you is that they probably went through losses and struggles for days, weeks, months, or even years before reaching that point.

If it were really as easy as those tutorials make it seem, then a lot of people, maybe even the majority, would’ve already made a fortune. Just stick to DCA on top coins while taking your time learning, or use a demo account first.

[Olatundespo]

No, not at all.
Sharing my own experience, I was working in a well paid job and the salary was enough to meet my needs. Also, I was saving extra money every month. During this job I used to watch various videos on youtube about trading and a lot of greed developed inside me.
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?

To be honest quitting your job and going into trading completely is not as easy as it may seem from the outside, in reality. Because the market is not always the same. It seems easy to make a profit in a bull run but in a bad market, the mental pressure increases a lot. And not everyone will succeed in full time trading. Success stories are often seen on social media but no one usually says how many people quietly lose and go back to work. This is why having a stable income is actually an advantage, It is easier to be patient when trading alongside a job, because there is no pressure to make a profit from every trade.

I agree with you. It would not be wise to leave a stable source of income like a job and choose a volatile source of income like trading. The crypto market is not always bullish, so you need to stay away from the trend to depend on trading for income. Many traders engage in trading as a part-time source of income and use funds that they can afford to lose. The number of people who lose silently is much higher, but success stories are told on social media to lure new investors but they are rarely made aware of the risks.

Trading with a stable source of income makes it easier to focus on trading. If there is a possibility of losing money, you can change the strategy instead of applying short term trading strategies and invest for the long term instead of selling. The price in the market is always changing, so it is prudent to apply the right strategy considering the overall price situation.

[gabbie2010]

I wouldn't take such a risk of quitting my job for trading rather I combine the two together if possible, though trading involved full concentration, Trading is very risky thus it can liquidate any newbie tportfolio and investment by incurring series of losses,  All those successful traders on youtube had been in trading for a ling time and had gained enough experience though they had also experiened some losing streaks  before eventually becoming profitable, personally I trade forex which is based on key time that is 1, 5 and 9 est which are kill time London and New York volatile time which I am a bit free on my job so as to  focus on forex trading.

[Big Dirams]

I wouldn't take such a risk of quitting my job for trading rather I combine the two together if possible, though trading involved full concentration, Trading is very risky thus it can liquidate any newbie tportfolio and investment by incurring series of losses,  All those successful traders on youtube had been in trading for a ling time and had gained enough experience though they had also experiened some losing streaks  before eventually becoming profitable, personally I trade forex which is based on key time that is 1, 5 and 9 est which are kill time London and New York volatile time which I am a bit free on my job so as to  focus on forex trading.

Quitting our job and pursing trading isn’t a smart approach because trading is a very risky activity that profits isn’t guaranteed so quitting our job for trading isn’t advisable at all instead one should take our job and career as a source of income to fuel our trading journey and get our necessities sort out. 
 

 But to be Frank though not all YouTube traders or this online traders are making profits with this trading activity. Most are just faking things around just to lure in users to believe in them and applying for this classes or signals just for their own personal gains. But some are quite doing good in the journey and making profits but let make sure we are aware of all this.

[ChocolateBitcoinK]

No, I can never do that. Did you quit your job for trading recently or at some point in your crypto journey? Because I find it hard to believe that you would do this based on how long you have been on the forum. For someone who has been on the forum since 2014, I would expect him to know how risky trading is and that most of these trading videos online are fake. Their agenda has always been to rip off their followers.

One doesn't need to be on the forum for a long time to know how risky trading is. Yes people are making good money from trading, but it is not as some people would think it to be, a lot of people parade online about how profitable their trades are, but some are not really as it seems, cos some are only influencers and following them might just mislead you. except of cos you are 100% confident in your skills and trading revenues.

You should never trust influencers when it comes to trading, they also present trading in such a way that it seems like it is very easy and an easy way to get rich quick. They deliberately present trading in such a way, highlighting their own luxurious lifestyle, profits or success in such a way that everyone can succeed from here without any loss. But the only purpose of doing this is to fool people and so that people buy courses from them. That is why I never trust such people, a friend of mine was a victim of fraud like this, so I have seen it in reality. And everyone should not believe such things, trading is not easy, those who are truly successful traders will never sell courses like this, but they will keep everything to themselves and not brag in front of people.

[Rengga Jati]

One doesn't need to be on the forum for a long time to know how risky trading is.

You're right. Anyone should be easy to know the risk in trading because many topics in this forum describe it. Even, people are very often to tell others about the risk whenever there is a discussion about trading (especially trading related to beginners).

Yes people are making good money from trading, but it is not as some people would think it to be, a lot of people parade online about how profitable their trades are, but some are not really as it seems, cos some are only influencers and following them might just mislead you.

Not everyone can get good money from trading. It should be fake assumption if someone said that all people can get profits easily in trading. Many people only get losses in trading, they even tend to lose money than to get money. This is because many people trade with careless ways or random ways. Only those professional traders who can be easier to gain profits. However, it is true that we shouldn't easily trust the influencers or youtubers because many of them are lying. Based on my experience, most of them just want to get our attention. Or they finally offer a trading class to people with that sweet story in trading.

Quitting our job and pursing trading isn’t a smart approach because trading is a very risky activity that profits isn’t guaranteed so quitting our job for trading isn’t advisable at all

It is just a careless decision to quit jobs. Yes, there is no guarantee to get expected profits every time we trade. We may get losses few times before we finally get good profits. If we only rely on trading for our income, we are probably in a financial problem someday.