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Author Topic: Choose trading as a career only if...  (Read 6131 times)

Offline Bobcrypto

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Re: Choose trading as a career only if...
« Reply #90 on: December 05, 2024, 03:09:10 PM »
Honestly, trading is not easy, because it requires knowledge and also must always train skills in order to make the right analysis and strategy. Maybe those who at the beginning see trading as easy just buy and sell to get profit but they forget that the crypto market is very volatile and difficult to predict. sometimes different from what we expect and make us lose, and this requires experience to be able to have expertise as a professional trader
Yes, Facing the world of trading involves having preparation in knowledge and desire skills that are developed continually. What is considered basic such as buying and selling involves many factors that we need to learn, due to sometimes erratic market fluctuations. Understanding and the spirit to learn with failures form some of the key aspects of our process of establishing ourselves as sound trading partners. If we want to carry on learning and hence overcome the problem, we can avoid them in the future and make better decision.

To make trading less difficult, it requires that one start from the basic levels, then continue a learning processes to acquire more knowledge and experiences to make a desirable progress with time.
Now, these are some of the keys features to make trading a career or profession
1.Must have emotional control and the ability to adapting to market changes over times.
2,Must have good plans and strategies and the ability to stick to plans.
3.Must be a patience trader, and learn  to listen to those who are  more experienced than you
4.Must always stay informed, that is, you have to be aware of certain market events, news, speculations etc, and search for the latest market updates and informations.
5.Must have an average capital, at least $3k or more depending on your ability to source for funds

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Re: Choose trading as a career only if...
« Reply #90 on: December 05, 2024, 03:09:10 PM »

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Re: Choose trading as a career only if...
« Reply #91 on: December 07, 2024, 02:34:25 PM »

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.

Time is also important because trading is time-consuming. Trading for me is full-time vocation I have a friend who is a full-time trader and he is on watch on the chart almost every hour and has a timer that will alarm him on signals, which is why I did not choose to be a trader because I have so many things to do and my risk tolerance is not good, I never enjoy looking at those candle charts than playing in online casinos.
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Re: Choose trading as a career only if...
« Reply #91 on: December 07, 2024, 02:34:25 PM »

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Re: Choose trading as a career only if...
« Reply #92 on: December 07, 2024, 03:22:54 PM »
Nowadays trading is a good way to make big profit at any time. But trading is not for everyone. For those who have long experience and are expert in market analysis and have a lot of time to spend behind trading, it is possible to earn money from trading and can use it as a career. There is a risk in everything, so you have to accept that risk and always move towards your destination. Those who do business also have the risk of losing and those who work also have the risk of losing their jobs. So I would say trading can definitely be used as a career
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Re: Choose trading as a career only if...
« Reply #93 on: December 07, 2024, 05:17:39 PM »

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.

Time is also important because trading is time-consuming. Trading for me is full-time vocation I have a friend who is a full-time trader and he is on watch on the chart almost every hour and has a timer that will alarm him on signals, which is why I did not choose to be a trader because I have so many things to do and my risk tolerance is not good, I never enjoy looking at those candle charts than playing in online casinos.

When someone who doesn't need to provide for their family because someone is being the bread winner or they are already rich that is good enough for them to survive atleast a decade can go down that path. But an average person who lives the life from salary to salary and hardly saves anything can use trading as a good option to make extra money but not only as a full time because it's not sustainable, high risky and unpredictable.
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Re: Choose trading as a career only if...
« Reply #94 on: December 07, 2024, 08:29:01 PM »

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.

Time is also important because trading is time-consuming. Trading for me is full-time vocation I have a friend who is a full-time trader and he is on watch on the chart almost every hour and has a timer that will alarm him on signals, which is why I did not choose to be a trader because I have so many things to do and my risk tolerance is not good, I never enjoy looking at those candle charts than playing in online casinos.

When someone who doesn't need to provide for their family because someone is being the bread winner or they are already rich that is good enough for them to survive atleast a decade can go down that path. But an average person who lives the life from salary to salary and hardly saves anything can use trading as a good option to make extra money but not only as a full time because it's not sustainable, high risky and unpredictable.
for me trading is another income that I can use to add to my asset collection, because from trading profits I buy potential coins and I hold them.
lucky for those who are already rich and trade as a sideline from their main income in the real world.
They can support their families from real-world jobs, but some traders use profits to meet their living needs.

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Re: Choose trading as a career only if...
« Reply #95 on: December 10, 2024, 03:26:19 PM »
To be a good trader one has to learn a lot and know about trading. Then if we invest then we can move forward in it, most of the people don't have much knowledge so they lose in trading because those people are making them invest.  When we know which coins we are trading and have information about it then we can get good profit even in low range.  Maybe if we ever experience a loss, there are other coins to back up so we can pursue a career.

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Re: Choose trading as a career only if...
« Reply #96 on: December 10, 2024, 11:54:43 PM »
To be a good trader one has to learn a lot and know about trading. Then if we invest then we can move forward in it, most of the people don't have much knowledge so they lose in trading because those people are making them invest.  When we know which coins we are trading and have information about it then we can get good profit even in low range.  Maybe if we ever experience a loss, there are other coins to back up so we can pursue a career.
Yeah knowledge is needed in trading and investment, we must have it and also experience. because in investment and trading we must always learn and practice making analysis, formulating strategies and it takes long experience to be able to become skilled.
trading is a choice for many people who want to get a lot of profit but they must have time to focus on learning and practicing by always monitoring market movements. While those who are busy in the real world because they have a business and maybe work as employees they can choose to become a holder.

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Re: Choose trading as a career only if...
« Reply #96 on: December 10, 2024, 11:54:43 PM »


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Re: Choose trading as a career only if...
« Reply #97 on: December 11, 2024, 05:44:15 AM »
Since passes from the college, I have make cryptocurrency trading as career although have try build any real business how to make completed income in the future when market not supported yet or earn profitable consistency. Unfortunately not wrong make trading as career but firstly you have enough saving assets how to avoid when market unpredictable or difficult to earn profit.
Make it more benefit in the future by investing any real business profitable earn from cryptocurrency and make having several source income not depend only with cryptocurrency.

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Re: Choose trading as a career only if...
« Reply #98 on: December 11, 2024, 06:07:28 AM »
Since passes from the college, I have make cryptocurrency trading as career although have try build any real business how to make completed income in the future when market not supported yet or earn profitable consistency. Unfortunately not wrong make trading as career but firstly you have enough saving assets how to avoid when market unpredictable or difficult to earn profit.
Make it more benefit in the future by investing any real business profitable earn from cryptocurrency and make having several source income not depend only with cryptocurrency.
when you are a beginner in trading you should know that you will make mistakes and you will lose money of course i am not saying you will lose all but it would be foolish to think that you will always get it right even if you do the market is unpredictable and there could be times where there would not be much profit for you to earn which is why you shouldn't drop everything off yet you should at least have a back up plan in which you could fall back on in case things are not going so well in trading this is very important especially if you are earning for your family and not just yourself

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Re: Choose trading as a career only if...
« Reply #99 on: December 11, 2024, 10:24:59 AM »
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.

I always used my time to get airdrops and from that I build up my portfolio up to four figures amount, but since I don't really trade, I invested in some good projects for long term and some short term that gives me profit..

I don't think it's a good way to make a career with crypto. But would say if you can make a bussiness with crypto payments system, that's when you can make it.

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Re: Choose trading as a career only if...
« Reply #100 on: December 11, 2024, 02:36:15 PM »
To be a good trader one has to learn a lot and know about trading. Then if we invest then we can move forward in it, most of the people don't have much knowledge so they lose in trading because those people are making them invest.  When we know which coins we are trading and have information about it then we can get good profit even in low range.  Maybe if we ever experience a loss, there are other coins to back up so we can pursue a career.
Choose the trading is a career if, If is many things  is related too. Trading is a more risky way of earning. I think it would not be a career though most of the professional trader doing it for their living. I don’t think anyone need to depend on trading for their living cause It's a risky way. Most of them are think that trading is a great way of earning. There is no doubt that trading is the best way of earning but we need to understand for whom the word is suitable. Its only the best way of earning for them who are really good at it. Doing trading we need to gather much and more knowledge from all of our trusted source. It will help us to increase our skill. If we able to increase our skill it will help to be a good trader. Then we can do it for living. I always suggest not to trade if we don’t have much knowledge behind it. I am totally agree with you that trading is so much risky and it will be more risky decision if we don’t know it. So we need to research the market and get proper knowledge after that we can choose it as career.
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Re: Choose trading as a career only if...
« Reply #101 on: December 11, 2024, 05:17:50 PM »
Maybe all I can say is that if you are going to enter crypto trading, it is good to first train yourself in spot trading with small capital, and while doing this, we should also know the strategies that will be effective for us and we should determine the right strategy so that we can maintain our profit.

Now, if you are also going to join futures trading, then the same thing should be done, starting with a small amount, do not immediately start with a large amount because our fund can be liquidated quickly even if it is just a small mistake.
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Re: Choose trading as a career only if...
« Reply #102 on: December 11, 2024, 08:56:00 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.

I always used my time to get airdrops and from that I build up my portfolio up to four figures amount, but since I don't really trade, I invested in some good projects for long term and some short term that gives me profit..

I don't think it's a good way to make a career with crypto. But would say if you can make a bussiness with crypto payments system, that's when you can make it.
Airdrop or crypto investment will never bring you any passive income.  And this is why crypto can never be taken as a career.  Crypto is an investment medium where if you invest long term you will get full amount of profit but it will not give you regular income with which you can run your daily life.  So crypto can never be a career for anyone you can invest in crypto as per your ability to get good things in future but you must engage in some job or business as a career which will give you a passive income.
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Offline electronicash

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Re: Choose trading as a career only if...
« Reply #103 on: December 11, 2024, 09:29:32 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.

I always used my time to get airdrops and from that I build up my portfolio up to four figures amount, but since I don't really trade, I invested in some good projects for long term and some short term that gives me profit..

I don't think it's a good way to make a career with crypto. But would say if you can make a bussiness with crypto payments system, that's when you can make it.
Airdrop or crypto investment will never bring you any passive income.  And this is why crypto can never be taken as a career.  Crypto is an investment medium where if you invest long term you will get full amount of profit but it will not give you regular income with which you can run your daily life.  So crypto can never be a career for anyone you can invest in crypto as per your ability to get good things in future but you must engage in some job or business as a career which will give you a passive income.

if you aim for passive income then treading isn't one. you may have misinterpret the meaning of passive. but surely trading is not something like that. if there is a dividend ore revenue sharing platform or you earning from staking token, that's what it means for passive source of income.

$5000 is enough to experiment in trading as long as you are very careful with your trading and fix the very minimum leverage. one big loss can change the course of your route and then you can just stick to the spot market.

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Re: Choose trading as a career only if...
« Reply #104 on: December 11, 2024, 09:50:05 PM »
Maybe all I can say is that if you are going to enter crypto trading, it is good to first train yourself in spot trading with small capital, and while doing this, we should also know the strategies that will be effective for us and we should determine the right strategy so that we can maintain our profit.

Now, if you are also going to join futures trading, then the same thing should be done, starting with a small amount, do not immediately start with a large amount because our fund can be liquidated quickly even if it is just a small mistake.
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.

 

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