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Author Topic: Choose trading as a career only if...  (Read 6107 times)

Offline bayu7adi

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Re: Choose trading as a career only if...
« Reply #45 on: November 15, 2024, 01:20:09 AM »
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.
For me, the chances are still the same, 50:50 even when you already understand some trading tips, you will still have a chance to lose too... the amount of capital is influenced by the strength of the hands and mind of the owner of the money... the more courageous a person is to manage $5000, the more ready he is to get his chances... but there are also those who are not yet confident with that amount of money, and I worry about this person.

It's all about mentality and readiness, so the amount of money must also be adjusted to the mental readiness so that every decision can be taken in maximum condition.

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Re: Choose trading as a career only if...
« Reply #45 on: November 15, 2024, 01:20:09 AM »

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Offline Vx1

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Re: Choose trading as a career only if...
« Reply #46 on: November 15, 2024, 03:28:23 AM »
If we want to focus on Crypto trading as our livelihood, then we must have many connections to the Crypto community. So with that we will have a lot of information about the coins that are currently hype and whatever it is that is important to be able to make a profit. We must also be good at analyzing, managing our finances well. So that our focus in this Crypto can run smoothly and profitably.

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Re: Choose trading as a career only if...
« Reply #46 on: November 15, 2024, 03:28:23 AM »

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Re: Choose trading as a career only if...
« Reply #47 on: November 15, 2024, 06:29:35 AM »
If we want to focus on Crypto trading as our livelihood, then we must have many connections to the Crypto community. So with that we will have a lot of information about the coins that are currently hype and whatever it is that is important to be able to make a profit. We must also be good at analyzing, managing our finances well. So that our focus in this Crypto can run smoothly and profitably.
if you want to get information about the hype coins, we can actually enter the groups that share potential coins. I actually prefer to observe the coins on CMC because which coins are trending is also visible, if we are not late in entering, we will likely get profit.
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Online Findingnemo

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Re: Choose trading as a career only if...
« Reply #48 on: November 15, 2024, 08:05:37 AM »
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.
if you are planning to trade you should not do it halfass because you will just be wasting your time if you plan on trading and you would like to succeed i think you should put your all in it i am talking time effort and resources

if you have a day job aside from trading i do not think you can focus completely with trading and i do not know if it will be very successful to do both because trading does not have an opening or closing time so you need to be on it every single time and having a day job would not help that so i think you need to decide if you are ready to give your everything to trading

If someone is making money from a job then they are not even recommended to do trades, or just being the part time with little capital is the smart choice since the revenue from trading is not consistent so if someone is quitting their job to be a trader is a wrong choice.

Trading needs time but doesn't need complete focus, you can reduce the trading frequency and concentrate of making solid profits.
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Re: Choose trading as a career only if...
« Reply #49 on: November 15, 2024, 04:43:03 PM »
I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,

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Re: Choose trading as a career only if...
« Reply #50 on: November 15, 2024, 05:56:33 PM »
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.
Career is hard to made but some people has already made trading their only career and making a living with it that's great and those traders started from few thousands dollars and now they trade in millions, I am not a trader but a short term holder or long term trade maybe as I holded for 1.5 years and made 2x only or maybe little up from 2x.

Point is slow and steady wins the race if you, as a trader, want to start your career from $5,000 in the spot, then that's okay You can start but you have to calculate how much profit you need per month or per week.

If I have to adopt crypto trading as a career then I would only need $270 or $300 to live a happy month and if I could make that much money even with $1000 in a spot then I would definitely try to follow that path.
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Re: Choose trading as a career only if...
« Reply #51 on: November 16, 2024, 08:11:08 PM »
I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
In trading of course we must have capital, in addition to the experience and knowledge that we must have in trading. If we do not have capital, maybe we can participate in the airdrop to get a reward that we will use as our capital in trading. Trading is something that makes me interested in going to the stock exchange every day and doing that and this can be said to be addictive because I spend my time monitoring the market.

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Re: Choose trading as a career only if...
« Reply #51 on: November 16, 2024, 08:11:08 PM »


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Re: Choose trading as a career only if...
« Reply #52 on: November 19, 2024, 08:40:26 AM »
For an individual to choose trading as a career it's going to be complicated, because it will require extensive knowledge, understanding, skills, and experience, and you can't aquire the complete knowledge of trading, skills, experience and everything that you need to know about trading in just a year, you need two or more years to understand everything about trading if you really want to be a professional trader.

However some individuals are impatient to wait patiently for years to aquire the knowledge, because they are willing and eager to quick profits. Their aim for trading is to  become wealthy. Their impatience doesn't allow them to overlook the importance of  training and experience.
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Re: Choose trading as a career only if...
« Reply #53 on: November 19, 2024, 08:48:54 AM »
For an individual to choose trading as a career it's going to be complicated, because it will require extensive knowledge, understanding, skills, and experience, and you can't aquire the complete knowledge of trading, skills, experience and everything that you need to know about trading in just a year, you need two or more years to understand everything about trading if you really want to be a professional trader.
learning doesn’t stop ive seen some learn in only just a year they learned the basics the fundamentals and then got to trading and surely nothing is a better teacher than experience itself so throughout his trading career he was able to learn as well
Quote
However some individuals are impatient to wait patiently for years to aquire the knowledge, because they are willing and eager to quick profits. Their aim for trading is to  become wealthy. Their impatience doesn't allow them to overlook the importance of  training and experience.
sad truth people go into crypto thinking everything is just easy money but it’s not everything requires hard work and dedication and of course patience

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Re: Choose trading as a career only if...
« Reply #54 on: November 19, 2024, 04:55:40 PM »
~
if you want to get information about the hype coins, we can actually enter the groups that share potential coins. I actually prefer to observe the coins on CMC because which coins are trending is also visible, if we are not late in entering, we will likely get profit.
Yes, that's right, whatever the source of the news we have to get as much as possible. Because the more information we get, the more choices of coins we will trade.
No less important is that we have to get it from trusted media, because this crypto trading has a big risk.
If we take the wrong step and make a decision then our money will be lost.

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Re: Choose trading as a career only if...
« Reply #55 on: November 19, 2024, 05:26:35 PM »
I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,

Capital isn't the main ingredient in trading. If you have the capital and you don't have the knowledge and experience, then you are in for long thing because I'm very certain and that even if you have $30k as capital, you will just waste it without making any profit from the market. You need the knowledge more than anything, then capital follow after.

If you are a food trader that is well equipped with knowledge and experience, with $200 you can flipped that to $500 and you can also flipped that amount to $1000. However, that doesn't mean you wouldn't loss, in every stage of your trading journey just accept that loss is inevitable form this market.
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Re: Choose trading as a career only if...
« Reply #56 on: November 19, 2024, 11:15:00 PM »
I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,

Capital isn't the main ingredient in trading. If you have the capital and you don't have the knowledge and experience, then you are in for long thing because I'm very certain and that even if you have $30k as capital, you will just waste it without making any profit from the market. You need the knowledge more than anything, then capital follow after.

If you are a food trader that is well equipped with knowledge and experience, with $200 you can flipped that to $500 and you can also flipped that amount to $1000. However, that doesn't mean you wouldn't loss, in every stage of your trading journey just accept that loss is inevitable form this market.
using small capital we can also do trading so it doesn't need big capital to be able to do it. We can learn to trade with small capital first, if we start to understand and have good skills we can increase our capital.
in trading the important thing is to want to learn and practice in order to have good skills in making analysis, reading charts, seeing trends and making the right strategy.
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Offline sampoerna

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Re: Choose trading as a career only if...
« Reply #57 on: November 19, 2024, 11:56:25 PM »
I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000,

Capital isn't the main ingredient in trading. If you have the capital and you don't have the knowledge and experience, then you are in for long thing because I'm very certain and that even if you have $30k as capital, you will just waste it without making any profit from the market. You need the knowledge more than anything, then capital follow after.
using small capital we can also do trading so it doesn't need big capital to be able to do it. We can learn to trade with small capital first, if we start to understand and have good skills we can increase our capital.
in trading the important thing is to want to learn and practice in order to have good skills in making analysis, reading charts, seeing trends and making the right strategy.
Right, in fact, if we have just entered the world of trading, we should not prepare such a large capital because it will be much higher risk, especially if we still do not have a good understanding of fund management and its risks. In the beginning, again, as you said, the important thing is knowledge about trading, not only knowledge about what coins, but also various things related to trading which are so complex.

In addition, learning by doing is necessary, but you still have to pay attention to capital, and if you are just starting out, it will be wiser and safer to use small capital, especially for learning and it is also expected that it is not used in hype coins because the risk is so great.

Unless we are already proficient and used to it, then increasing the amount of capital may be necessary, with good consistency and also implementing trading methods in a more disciplined and persistent manner. And of course, make sure that whatever capital we prepare, it is free money, which we can afford to lose.
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Online Blaze

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Re: Choose trading as a career only if...
« Reply #58 on: November 20, 2024, 05:04:37 AM »
Yes, that's right, whatever the source of the news we have to get as much as possible. Because the more information we get, the more choices of coins we will trade.
No less important is that we have to get it from trusted media, because this crypto trading has a big risk.
If we take the wrong step and make a decision then our money will be lost.
After thinking about different strategies, it is important to collect as much information as possible which really assist us when choosing the right steps in the crypto market. By having an overview of things, you will be able to notice several opportunities that had not been noticed before. But, it needs to be cautious about using information from various sources, there are some things which must not be overlooked. If decisions are rational, that is when relying on the credible data, then risk is kept to a minimum, and capital is protected. Every considered step will get us closer to success in pure crypto business.


using small capital we can also do trading so it doesn't need big capital to be able to do it. We can learn to trade with small capital first, if we start to understand and have good skills we can increase our capital.
in trading the important thing is to want to learn and practice in order to have good skills in making analysis, reading charts, seeing trends and making the right strategy.
Trading with little money is quite logical, particularly for those of us who hope to get familiar with this sphere without overwhelming ourselves. With each learning process we will be able to lay its future improvement of our abilities and results in the future process. Since talent increases with ability then adding capital will feel like a natural process since it is backed by mastery. The main message is to have fun and seek further opportunities to gain more knowledge about themselves to be able to read markets better than before.

Online Rubel007

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Re: Choose trading as a career only if...
« Reply #59 on: November 20, 2024, 06:09:14 AM »
I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
It is true that if the amount of investment is less then nothing can be expected good from trading. If you find a good opportunity through a good analysis you will be able to grow your asset quickly. Not every analysis will be effective all the time. A healthy capital is essential to take advantage of the opportunity. Otherwise seems like a waste of time to me with little profit. But if a trader does not have the ability then of course the best is what is possible according to his ability.

 

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