When you are becoming successful in trading what will you do first?

[Dr.Bitcoin_Strange]

Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?

Options for my question are:

1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.

[SmartGold01]

At first trading is not a certain income which you would determined what you will gain at every month end, weekly and daily. Trading most times involves profits and lose and you can't expect to be aiming at 1k every month or 1k every week because you can't be sure of your outcome precisely.

So, If I were to be the trader what I would do is to have more business created from the profits getting from my work/trading, to also increased my earning at every week/months before however thinks about establishing anyone or even taking additional responsibility to yourself.

Usually as Wo/man who want to go into marriage and taking additional responsibility to themselves you need to know and be sure of your weekly/monthly income, even before retiring your parents.

[Azharul]

Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?

Options for my question are:

1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.

Thank you very much for your unbelievable and unexpected question in this time. I will be retire my parents must at first. Because I think that they would be old person in this time, so I believe that if we can get retire them I think that it will be very happy moments for me. Because when they would have young, they are trying to happy to me in the every step of our life. So I believe that it will be correct decision for me. But if we don't understand how to earn best profit from trading, then we must losses from cryptocurrency market.

[Dr.Bitcoin_Strange]

Trading most times involves profits and lose and you can't expect to be aiming at 1k every month or 1k every week because you can't be sure of your outcome precisely.

You are very correct, trading is all about profit and lose but are you saying that being able to make $1k every week is quite unrealistic? Some people lose some of their trades but at the end of the day, they are still profitable.

So, If I were to be the trader what I would do is to have more business created from the profits getting from my work/trading, to also increased my earning at every week/months before however thinks about establishing anyone or even taking additional responsibility to yourself.

 This is a smart decision mate.

[DragonF]

1: will you quit your job first?

I will not quit my job immediately Before considering quitting my job, I would like to stabilize my finances and use the profits from trading to invest in other businesses that can generate guaranteed returns. However, if the job provides me with enough time, I will not quit because it is not too time-consuming.

2: will you buy a house first?

I have always admired a luxurious house, so getting it would not be an immediate priority. Like I mentioned before, my first goal will be to increase my sources of income so that I can afford the type of house I want. It will be pointless to buy a house I do not want because I am in a hurry.

3: will you retire your parents first?

My parents will continue to work because if they stop, they will age more quickly. Working allows the entire body to function because jobs can be tasking and fun at the same time and so I would let them to continue interfacing with their work environment while still providing the necessary support. 

4: will you get married first?

Since I already have a family, I would improve their standard of living. This also entails providing them with the necessary funds to establish outlets that can generate funds for them. It is not prudent to have dependants around when they can be empowered to stand on their own. 

[yhiaali3]

1: will you quit your job first?

I already quit my job a few years ago because the salaries here in my country are very low and my income from cryptocurrencies is much better.

2: will you buy a house first?

This is one of the most important options I think about in the future when I get enough profits.

3: will you retire your parents first?

Unfortunately my parents are deceased

4: will you get married first?

This was my first option but I am married and have children

[MrSpasybo]

Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?

Options for my question are:

1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.

Well, an interesting topic. I never thought I was suitable to become a full-time professional trader so I'm still maintaining a full-time job at the university. I admire professional traders, they have the knowledge and experience to live from trading. I also want to be able to manage my life time like that so I'm also learning to trade while still DCA & holding crypto.

In the future, if I can successfully make a stable profit from the crypto market, I won't quit my job either, but I can enjoy teaching more because I won't be under economic pressure. Besides, I also want to buy a big house for my family to live more comfortably. I would have had all that if I hadn't refused BTC more than 10 years ago @@

[electronicash]

there are advice given to people who have just become successful and young. while you're not forced to buy something life changing like quitting your job or buying a house, don't do it.  be silent when you are successful and never announce to anyone that you have a ton of money. 

but here's the real advice they said. never tell anyone your plans in buying a house or  car. if you wanted to do it, just buy without telling it to anyone or else someone among your friends will suggest something else to buy.

i'm going to tell mine anyway:    i'm buying a beach front property.

[Crypto Library]

Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?

Although I have no intention of taking trading as a career in the future, if I were to imagine that I would ever become a successful trader, I would first run a successful business with the profits from my trading and then quit my job and then help my parents but also tell them that you can retire whenever you want. I am not going to retire them forcefully.

Anyway, I have no intention of quitting my job right away because even if I am successful in trading, there is still risk involved, so I will quit my job after setting up something physical.

[PX-Z]

I guess i will choose nothing and continue trading at least another year to save more. I'll be retiring on my jobs if ever i save much, that's the most important thing. Remember you are in super volatile market for trading. Anytime can happen for your coins overnight, especially if you do more risks say doing future tradings.

[bayu7adi]

Since maintaining assets is one of the things that many rich people do, maybe I will do that too... my preference is to secure money for my old age... when it has been obtained and is in a safe condition, the allocation to increase wealth will be done by me... either by continuing trading that has been mastered, or by opening new fields and new experiments following the development of the times...

The point is, when I succeed, I will continue to collect money until it settles, after that I will start to focus on ensuring that my assets are safe and tend to increase even if only a little.

[milewilda]

Some persons are fully dedicated on learning how to trade crypto currencies and become successful but on the process, they already have some heart desires of what they will do first when they finally because successful in trading. Being successful in trading, I believe that the trader should be making at least x2 - x4 of their normal monthly salary from trading. For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?

Options for my question are:

1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.

1. No quitting of job, i do still enjoy on having a job and despite of being having that other source of income then you do still have your extra income  from your job.If you do find yourself having that hard time on time management then quitting will be the best thing to do.

2. Buy a house will be always next in line.
3. My parents will be given out some priority in terms of providing needs and other correlated  things.
4. Marriage will be that the last in line because searching up for the right one is never been that so simple that you can be able to just simply pick someone and the get married. This is a life time commitment and not something that you do rush on.

[bitterguy28]

Also when you finally see that you are successful, what will you do first?

Options for my question are:

1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.

first of all don’t do any of these yet after only a good month in trading it is not always good times in trading some months you’ll have more some months you’ll have less so unless you have savings as well i wouldn’t recommend doing any of your options immediately

but assuming that you have experienced quite some good times already, i would want to quit my job first and focus on trading now

[Asiska02]

For example, if you have a job and you are earning $1k every month, to confirm yourself as successful in trading, you should be making x2 or x4 of $1k. What do you guys think? Also when you finally see that you are successful, what will you do first?

Options for my question are:

1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.

Trading is actually a pathway to wealth creation for yourself and those around you when you become good at it and become fully profitable. It differs on our understanding of the market faster as relative to how to can learn. Many give up because of the not too easy process to become profitable, but when you become one, it will be worth all the sacrifices you’ve made so far to achieve the aim.

Being successful in trading comes with a lot of choices to make. Even before the profitability comes, you would have mapped out things you’ll want to do. As for me, the first thing to do is not even in the options you’ve listed out. I will prefer to invest into something else that will be bringing me some good profits. This will serve as an another source which will boost my trading journey.

The reason why some traders take long time to profit is also due to lack of capital for sustainable funding in the market. Once you have a sustainable one to help you fund your account, the fear of losing your money when you’ve seen good trades to take opportunity on will reduce significantly and you can confidently make better and gods choices in your trades. When I’m able to achieve that, I can then dive into achieving other set out goals like the ones you’ve listed above.

[libert19]

I don't think being successful in trading implies certain amount each month, in bull run you make plenty profits while in bear market conditions, you might not be making much or at times it may even be a better idea to just take a rest.

A successful trader in my eyes is one who knows how to retain profits, knows when to cut losses and continously makes more from what he has in long term.

Options for my question are:

1: will you quit your job first?
2: will you buy a house first?
3: will you retire your parents first?
4: will you get married first?
Let's discuss.

Getting married before having your own house is absurd so I would go with having your own house then getting married, on rest two options I got nothing to say.