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.

[I_Anime]

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.

Depending on your trading alone will only put more pressure on your trading account . Which may increase chances of making more losses , for instance when you’re depending only on trading you will want to be trading always inorder to make more earning even when the market conditions doesn’t align with your mode of entry , and you know going against your principles when come to trading don’t usually ends well those that have trading strategy can testify .

[monetizator4]

Honestly, one of the biggest psychological problems with quitting your job to trade is that normal work conditions us to constantly "do something" to justify our time and income. Most jobs reward activity. Trading often rewards patience.

A good trader can sometimes spend days or even weeks doing almost nothing except waiting for the right setup. And that’s extremely uncomfortable for people used to constant action and productivity. Many traders start forcing trades simply because they feel they should be doing something. That habit alone can create unnecessary risk and losses that could have been avoided.

When trading becomes your only source of income, the pressure gets even worse. You stop thinking only about probabilities and start thinking about paying bills, proving yourself, or avoiding a "wasted" day. That emotional pressure often pushes people into overtrading.

So before quitting a job, someone should honestly ask themselves not only "Can I trade profitably?" but also "Can I sit still and do nothing when the market gives me nothing?" Because sometimes the hardest part of trading is not analysis but waiting.

[Halifat]

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.

Maybe those people did not concentrate very well or they don't have a good mentor because i found it very difficult to believe for someone to spend years in learning trading and at the end they still don't make profit from it, I wanted to comprehend it but I couldn't. Yes trading is very difficult for people who don't have knowledge of it, but for someone that set time for himself to learn about it definitely they should be able to see something good from it. I think for someone that I've secured a paying job should only consider trading as an alternative source of income, but living it for the trading is a very big mistake.

[kawetsriyanto]

Depending on your trading alone will only put more pressure on your trading account . Which may increase chances of making more losses , for instance when you’re depending only on trading you will want to be trading always inorder to make more earning even when the market conditions doesn’t align with your mode of entry , and you know going against your principles when come to trading don’t usually ends well those that have trading strategy can testify .

Of course, it will give big pressure if we only rely on trading. This will lead us to trade in an excessive way because we are chasing the profits in trading. Instead of gaining bigger profits, we may get huge losses if we are trading with big pressure. Trading with big pressure will make us to decide anything in hurry, so we can't decide anything with a calm mind. This is a very risky way in trading. Moreover if someone use unsafe money in trading. And it will be worse if we use loan money as well. So, it isn't a wise way to solely rely on trading for our regular income because it can't guarantee for consistent profits.

[Futurexxx]

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.

Depending on your trading alone will only put more pressure on your trading account . Which may increase chances of making more losses , for instance when you’re depending only on trading you will want to be trading always inorder to make more earning even when the market conditions doesn’t align with your mode of entry , and you know going against your principles when come to trading don’t usually ends well those that have trading strategy can testify .

You have said it all bro, once you depends only on trading to make a living, the chances is that you are going to open many trading positions you shouldn't have opened if you have any other source of livelihood, and just because you need money for one or two of your basic needs, you will definitely ignore all the signs why you shouldn't enter that trade. So it makes you to trade under pressure, which is one of the easiest way to lose money in trading, so  it's a bad idea to depend only on trading as a source of income.

[GiftedMAN]

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.

Even when you see those that are making millions of dollars online through trading it still doesn't give a beginner the courage to take trading seriously to the point of quitting your job to focus on it. There are real traders and there are influencers the real traders has their own back ups they may but tell you that's why you need to have a back up to support your trading so you won't be broke when you do not make profit. For the online traders, don't listen to them but if you have knowledge about trading then find out the truth by yourself.

[HONDACD125]

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.

I totally agree with you on that. A lot of people don't understand such a simple thing that having a stable source of income is a blessing, many people don't have this blessing, they are always looking for new ways to make money because they don't have a stable job or a stable business. So, if you already have it, you shouldn't waste it only for something that you wish and hope you can do successfully, because trading is not as easy as it is shown to be by these so-called influencers and crypto content creators, because as you said, they only show the positive side to attract more followers and viewers, but they don't guide them correctly.

Someone should always make sure that they learn everything properly, make sure they have a good enough capital, and then they should start doing it as a part-time thing first, and they should observe the results for a few months to see if they are able to constantly make profits from it, profits that are more or at least equal to what they are earning from their job or business that they wish to leave for trading. If they are able to do it successfully and efficiently and not by luck, then they can make such a decision, but if that's not the case, they shouldn't leave their stable source of income.

[Promocodeudo]

You have said it all bro, once you depends only on trading to make a living, the chances is that you are going to open many trading positions you shouldn't have opened if you have any other source of livelihood, and just because you need money for one or two of your basic needs, you will definitely ignore all the signs why you shouldn't enter that trade. So it makes you to trade under pressure, which is one of the easiest way to lose money in trading, so  it's a bad idea to depend only on trading as a source of income.

Why will anybody even take trading as a source of income or let me say as the only source of income isn't that crazy, people should look for what to do instead trying deceive themselves, make I can learn from you, are there people that take trading as a full time stuff because I don't understand.
I'm not against anyone looking for different ways to make money, but what I don't advice is someone concentrating on trading alone when they also know the nature of trading, if anyone should do this, it means such person will do everything to make profit and the end might very disappointing.

[Ishicryptic]

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.

Even when you see those that are making millions of dollars online through trading it still doesn't give a beginner the courage to take trading seriously to the point of quitting your job to focus on it. There are real traders and there are influencers the real traders has their own back ups they may but tell you that's why you need to have a back up to support your trading so you won't be broke when you do not make profit. For the online traders, don't listen to them but if you have knowledge about trading then find out the truth by yourself.

I see a lot of misinformations about trading online and I ignore them because I know better which means that those that falls for what influencers says online about how you can be making a lot of money in trading are due to lack of correct information. This is why I tell newbies not to be in a hurry to believe everything that they hear on social media because many of them are half baked truth, you need to research about anything that you hear from more than one reliable source.

Trading is too risky for anybody to consider as a full-time job, if you don't have what it takes to go into trading fulltime it is better to do it as a side hustle or forget about it as there are a lot of other skills that are not very risky to make money. If you are in a hurry to make money in trading you will likely lose all your capital because it requires patience with the right mindset, also you need to understand it's technicalities which is a lot.