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

[Stuart]

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.

Obtaining consistency in my returns is more reliable to me mostly before I can start talking about retirement. If my monthly salary is $1k, in trading if I can make same $1k in a month, I'll try to break it down to $250 to $350 weekly which will help me settle all issues and debts on ground. With this method, I can be able in 3 - 5 months must have settled every little issues that are of high demands.

With this consistency, I will retire my parents first and creat a financial system that will be able to generate at least $200 weekly for my parents up keep, then I can start talking of quitting my job.

[Dr.Bitcoin_Strange]

Obtaining consistency in my returns is more reliable to me mostly before I can start talking about retirement. If my monthly salary is $1k, in trading if I can make same $1k in a month, I'll try to break it down to $250 to $350 weekly which will help me settle all issues and debts on ground. With this method, I can be able in 3 - 5 months must have settled every little issues that are of high demands.

With this consistency, I will retire my parents first and creat a financial system that will be able to generate at least $200 weekly for my parents up keep, then I can start talking of quitting my job.

That’s a nice approach. I feel what people should be more concerned about is ensuring and making sure that one has actually attained consistency in your trading success and you’re able to earn that much every week or month, then yeah it’s okay to take such step. Some traders are not even sure of their consistency in profitability, maybe they end up making good profits the first week or the second and maybe a month, and then they conclude that they’ve become consistent and then go ahead to quite their jobs without giving it a second thought, only to end up meeting some inconsistencies along the way and then start suffering for their decisions.

[Rruchi man]

1: will you quit your job first?

If I have become sure of the success that I can achieve in trading and I am still a staff member for someone, I will consider quitting my job to establish my own trading academy so I can monetize my knowledge and also be in profits even when I don't trade. After this, the rest can follow.

[Dr.Bitcoin_Strange]

If I have become sure of the success that I can achieve in trading and I am still a staff member for someone, I will consider quitting my job to establish my own trading academy so I can monetize my knowledge and also be in profits even when I don't trade. After this, the rest can follow.

That’s a good one!
Just like I said in my previous reply, the most important thing is being sure that your skills and strategies are truly effective for real, what people will call being tested and trusted. When you’re really sure that you can now truly depend on your trading skills and the profits are coming in, then you may consider Quitting your job if you feel that your job is claiming more of your time than expected and you’re finding it difficult to balance between your job and your trading career, then you may quit and focus more on your career.

[Stompix]

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.

Sorry, but that's not successful at all...
The average wage here is around 1500 euros, a 4-time increase would be 6000 euros, in order to buy a house for example I would need to be a trader and keep getting the same amount for at least 5 years, to quit a job I would take a 20% or 50% depending on your scenario hit on my finances, why do it?
I won't call anything that isn't bringing you at least 5x times your income in the worst month as "successful".

[sampoerna]

1: will you quit your job first?

Of course No.
Because even though I seem successful in crypto trading, I personally am not a very focused and consistent trader. Moreover, there is a real job that I have to work on and I have responsibility for it. So I better keep the job in real life but also keep trying to do trading as much as I can and as optimally as I can.

2: will you buy a house first?

I really want to buy land to build a boarding house near campus. But it's very expensive, hopefully I can do it.

3: will you retire your parents first?

My parents retired a few years ago, so if I could get them to perform the Hajj, that would make me very grateful.

4: will you get married first?

I already have it and 3 children enough for me.

Often we have a plan, but for the future results, how will it be, it will depend on the efforts we have made. Then, we must also be able to maintain our ethics and responsibilities in our work, both in real life and in this crypto space.

[LogitechMouse]

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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?

It's good that you share your opinion about "when a person stops working already and focus on crypto trading". For me, making x2-x4 might be a good option, but it's all about consistency. How consistent you are in making money. How consistent you are in covering your monthly expenses. Are you consistently profitable in the last few months to a year?

Double your job salary might be a good one, but what if you can only double your money every 3 months? or 6 months? That's why consistency is the key for me.

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. I will not quit my job as I'm not profitable still in trading, but if I am, I'll make sure that I'm consistently making profit off of it then I'll decide.
2. I will of course.
3. I don't think that I can do it. They have the one that will decide for that.
4. Will not answer it as well.

[jeraldskie11]

The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.

[taufik123]

The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.

are you sure you will leave your real job that provides passive income to invest in crypto?
I wouldn't even think so even though trading provides huge profits, it's just about how you publicly identify as a person who works normally.

But maybe it's a good choice for you as long as you're responsible for that choice.
don't just look at trading will always be successful, just look at how the failure of someone who trades until they lose everything, it's an unwanted process, then it takes to learn a lot and not just trade, but how you manage emotions, financial management and more, trading is very complex.

[enwi]

The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.

are you sure you will leave your real job that provides passive income to invest in crypto?
I wouldn't even think so even though trading provides huge profits, it's just about how you publicly identify as a person who works normally.

But maybe it's a good choice for you as long as you're responsible for that choice.
don't just look at trading will always be successful, just look at how the failure of someone who trades until they lose everything, it's an unwanted process, then it takes to learn a lot and not just trade, but how you manage emotions, financial management and more, trading is very complex.

It is actually a big decision to quit a fully fledged job to invest solely in cryptocurrencies therefore it necessitates some important considerations. I have come across this and get a job in the real world is even harder than what we think it will be. We need to ensure it is based upon an overriding understanding not just limited to profit opportunities. Mental preparedness, financial skills and managing emotional state during risks that occur can be named among the most important factors to take into consideration. It would be very difficult to trade for a living but at the same time it simply means that it comes with a huge responsibility. For us to remain fluid, it is essential for us to learn and build up the skills in some areas such as how to handle the pressure as and when it comes. If well prepared this step is something that should bring positive results in to our lives.

[Chilwell]

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.

Trading is inherently unpredictable and uncertain, making it impossible to guarantee profits. Therefore, if you achieve success in trading, it's essential to remain cautious and not make impulsive decisions.

Avoid quitting your job or advising your parents to retire from theirs solely based on your trading success. Trading fortunes can change rapidly, and a reversal of luck could leave you and your family in a difficult financial situation.

It's crucial to maintain a stable income source and not rely solely on trading for financial security. This approach will help you navigate the uncertainties of trading and ensure a more stable financial future for yourself and your loved ones.

[Dr.Bitcoin_Strange]

Trading is inherently unpredictable and uncertain, making it impossible to guarantee profits. Therefore, if you achieve success in trading, it's essential to remain cautious and not make impulsive decisions.

Avoid quitting your job or advising your parents to retire from theirs solely based on your trading success. Trading fortunes can change rapidly, and a reversal of luck could leave you and your family in a difficult financial situation.

It's crucial to maintain a stable income source and not rely solely on trading for financial security. This approach will help you navigate the uncertainties of trading and ensure a more stable financial future for yourself and your loved ones.

Indeed, your precautionary measures and advice are quite notable and commendable. It’s true that a lot of trader end up making impulsive decisions like the above listed decisions without thoroughly putting certain things into adequate consideration which of course may end up having consequences, but if a trader have already confirmed beyond reasonable doubt that his trading skill have become rather effective and reliable, not just that, but have also been able to make steady income from trading without depending on any other source for at least several months, then certainly, if he feels the need to focus more on his trading career by quitting his job, I see absolutely nothing wrong with that at all.

[rizqillah]

Trading is inherently unpredictable and uncertain, making it impossible to guarantee profits. Therefore, if you achieve success in trading, it's essential to remain cautious and not make impulsive decisions.

Avoid quitting your job or advising your parents to retire from theirs solely based on your trading success. Trading fortunes can change rapidly, and a reversal of luck could leave you and your family in a difficult financial situation.

It's crucial to maintain a stable income source and not rely solely on trading for financial security. This approach will help you navigate the uncertainties of trading and ensure a more stable financial future for yourself and your loved ones.

Indeed, your precautionary measures and advice are quite notable and commendable. It’s true that a lot of trader end up making impulsive decisions like the above listed decisions without thoroughly putting certain things into adequate consideration which of course may end up having consequences, but if a trader have already confirmed beyond reasonable doubt that his trading skill have become rather effective and reliable, not just that, but have also been able to make steady income from trading without depending on any other source for at least several months, then certainly, if he feels the need to focus more on his trading career by quitting his job, I see absolutely nothing wrong with that at all.

If you have good trading skills and consistently get more profit than loss, someone chooses to quit their job and focus on trading is a decision that they have certainly considered. I have not dared to do that because I have needs that I must fulfill and in trading I cannot get daily profit consistently.

[dekafee79]

The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.

are you sure you will leave your real job that provides passive income to invest in crypto?
I wouldn't even think so even though trading provides huge profits, it's just about how you publicly identify as a person who works normally.

But maybe it's a good choice for you as long as you're responsible for that choice.
don't just look at trading will always be successful, just look at how the failure of someone who trades until they lose everything, it's an unwanted process, then it takes to learn a lot and not just trade, but how you manage emotions, financial management and more, trading is very complex.

If you want to get out of work and focus on trading it should be contested well, because we are always faced with the needs that we must fulfill. And especially if you have a family, don't make the wrong decision to make a fight in the family. In trading we are always faced with risks that if we take a strategy will lose money.

[jeraldskie11]

The main reason why I trade is because of the lack of freedom and small salary. We spend a lot of time in work but the salary is not enough to cover our bills and basic needs. And then I see that trading can resolve this problem. So for me, If I become successful in trading what I will do first is to quit my job. But for now, I am not profitable yet in trading, and I'm still continue learning so I will stick to my job first. I will only do that quitting the job if I earned a lot of money from trading and proved to my self that trading alone can sustain my wants and needs.

are you sure you will leave your real job that provides passive income to invest in crypto?
I wouldn't even think so even though trading provides huge profits, it's just about how you publicly identify as a person who works normally.

But maybe it's a good choice for you as long as you're responsible for that choice.
don't just look at trading will always be successful, just look at how the failure of someone who trades until they lose everything, it's an unwanted process, then it takes to learn a lot and not just trade, but how you manage emotions, financial management and more, trading is very complex.

Yes, I'm sure. What is the purpose of your job if the salary you earned can only get in just 1 trade? So you are just wasting time and effort to your job, it's better to use your free time to enjoy yourself or spend time with your family. I don't really need to become more rich if I'm already rich because if I die I can't carry those wealth And also we are not born to make money, and if only I can get what I want and needs, I will not do all of this. I just want to live a happy and simple life with my family.