Choose trading as a career only if...

[gunhell16]

I recently came to the realization that it is challenging to pursue cryptocurrency trading as a job in this field. That is to say, it is not simple. According to my experience, it is simple to say but challenging to implement in practice. Although you may first believe that you know a lot about trading techniques and methods, you will realize that you will lose a lot of money before you fully understand it when you perform the actual backtesting.

Additionally, I observed that the quantity of ideas or knowledge we possess in trading is not quantified, allowing us to claim that we can generate passive revenue from the real trades we make each time we engage in trading activity. I have observed a lot of people who are highly knowledgeable in trading, but ultimately they are stressed because their analysis is never in line with reality. Therefore, anyone who wishes to pursue this career path should first give it great thought.

[UNIVERSE]

Good advice, if we practice trading with small capital either in spot trading or in futures trading we can start by practicing using small capital. Because by practicing and using small capital the risk of loss and loss is not big. And this can be started from the beginning when we start learning. I also initially traded using small capital, after feeling that I had the right analysis and strategy I added capital for my trading.

If we are beginners, we must use small funds to avoid severe losses. Beginners have lack of knowledge, it is not a wise way to use big funds. There will be the time to use big funds when we already have good knowledge and enough experience. Yes, spot trading is safe place for beginners, beginners mustn't try to trade in future immediately. Future isn't a place for beginners, it is for professional traders only. When I tried trading for the first time, I also focus on spot trading and never feel to try future trading.

[dekafee79]

Good advice, if we practice trading with small capital either in spot trading or in futures trading we can start by practicing using small capital. Because by practicing and using small capital the risk of loss and loss is not big. And this can be started from the beginning when we start learning. I also initially traded using small capital, after feeling that I had the right analysis and strategy I added capital for my trading.

If we are beginners, we must use small funds to avoid severe losses. Beginners have lack of knowledge, it is not a wise way to use big funds. There will be the time to use big funds when we already have good knowledge and enough experience. Yes, spot trading is safe place for beginners, beginners mustn't try to trade in future immediately. Future isn't a place for beginners, it is for professional traders only. When I tried trading for the first time, I also focus on spot trading and never feel to try future trading.

I agree with you a, newbies should use small funds to gain experience by practicing. Because if they use large funds with less experience, the worst possibility will happen they will lose.
after having skills they can try to learn future trading and use larger funds.

[bayu7adi]

What I think is, I only focus on being a trader when I already have a cash reserve for the next 10 years... when my mind is not easily affected by emotions and I can guarantee my life remains safe... it is indeed a bit strange, but I am sure everyone has their own opinion...

Being a trader is indeed too risky, especially for those who are used to living in a comfort zone... interesting people's stories are always about revival and luck, while people who fail are never exposed, that's why motivators never discuss the dark side of risk taking and forget that everyone has a different mentality.

[milewilda]

Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.

First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500  which itself 10% profit which is difficult but possible with right choices.

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

Trading neither on traditional markets or with crypto will really be that basing or according into your preference and risks tolerance. Just make yourself that do realize that trading skills isnt really that something eaesy that you could be able to obtain on which this will really be needing up that sufficient time and knowledge on which it will really be still taking a time. You are the ones will be able to find out whether you can sustain or not because there are those times or moments that you will really be having some issues when it comes into this aspect because you are expecting something which is easy on which it isnt really the case on here.

[CoinHolder]

To be successful in trading, it is not only about capital or technology. The right mindset and the ability to tolerate risk are also very important. Although it is possible to start with less capital. However to develop trading as a career, a little more capital is required, which will facilitate decision making. In addition, knowing your profit and loss calculations correctly. Having a long-term plan and patience is very important. Those who are considering crypto trading as a career should keep these things in mind.

[Findingnemo]

Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.

First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500  which itself 10% profit which is difficult but possible with right choices.

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

Trading neither on traditional markets or with crypto will really be that basing or according into your preference and risks tolerance. Just make yourself that do realize that trading skills isnt really that something eaesy that you could be able to obtain on which this will really be needing up that sufficient time and knowledge on which it will really be still taking a time. You are the ones will be able to find out whether you can sustain or not because there are those times or moments that you will really be having some issues when it comes into this aspect because you are expecting something which is easy on which it isnt really the case on here.

No matter how skillful and knowledgeable in crypto trading in particular still it's an uncertain market so expecting a constant earnings from trading alone is almost not possible which is why I said don't try to do trading as a full time career if you want to achieve financial freedom or to make more money than your current salary. Because I seen people done that which is they quit their decent paying job to trade but ended up in debt or losing their capital.

[dekafee79]

Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.

First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500  which itself 10% profit which is difficult but possible with right choices.

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

Trading neither on traditional markets or with crypto will really be that basing or according into your preference and risks tolerance. Just make yourself that do realize that trading skills isnt really that something eaesy that you could be able to obtain on which this will really be needing up that sufficient time and knowledge on which it will really be still taking a time. You are the ones will be able to find out whether you can sustain or not because there are those times or moments that you will really be having some issues when it comes into this aspect because you are expecting something which is easy on which it isnt really the case on here.

No matter how skillful and knowledgeable in crypto trading in particular still it's an uncertain market so expecting a constant earnings from trading alone is almost not possible which is why I said don't try to do trading as a full time career if you want to achieve financial freedom or to make more money than your current salary. Because I seen people done that which is they quit their decent paying job to trade but ended up in debt or losing their capital.

If you have a steady income from a salary as an employee in the real world or have another business that can earn money steadily, we should not leave it. because trading in crypto is uncertain and the market is always fluctuating, this is the reason why trading is only a side job when I have free time.