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

[Nheer]

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.

I will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.

Well, your idea is good. I like how your compared your income from the job to the income you will make from trading. If you monthly income from your job is way much higher than the profits you are getting from trading, you don't have to quit your job. If your job is also time consuming, you just have to derive a means to still manage it with the trading until your trading is is more consistent that you are making a higher amounts every month and the amount you by far surpass your salary.

Due to the topic, he said what will you do when you become successful in trading that means successful that the income will definitely surpass his/ her monthly income lol according to my understanding but your own understanding isn’t bad at all one can be successful and his monthly income will be much bigger than his trading wages. 
But I guess we will just take this successful as the trading income is far more profitable than the monthly so to me I won’t quite my job but I will get some dirty things sanitize from my life and more to it I will make sure I’m financial stable. Giving my parents the best living ever a very comfortable living and peace to enjoy their fruit of labor lmao.

[doc]

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.

I will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.

Well, your idea is good. I like how your compared your income from the job to the income you will make from trading. If you monthly income from your job is way much higher than the profits you are getting from trading, you don't have to quit your job. If your job is also time consuming, you just have to derive a means to still manage it with the trading until your trading is is more consistent that you are making a higher amounts every month and the amount you by far surpass your salary.

Due to the topic, he said what will you do when you become successful in trading that means successful that the income will definitely surpass his/ her monthly income lol according to my understanding but your own understanding isn’t bad at all one can be successful and his monthly income will be much bigger than his trading wages. 
But I guess we will just take this successful as the trading income is far more profitable than the monthly so to me I won’t quite my job but I will get some dirty things sanitize from my life and more to it I will make sure I’m financial stable. Giving my parents the best living ever a very comfortable living and peace to enjoy their fruit of labor lmao.

If we have found good trading results and we consistently get benefits, there are many good things we can do by meeting the needs of families and buying assets in the real world.
 But do not leave work in the real world because the crypto unpredictable market, sometimes experience flutuative that we cannot predict until when the market will improve again.

[sampoerna]

If we have found good trading results and we consistently get benefits, there are many good things we can do by meeting the needs of families and buying assets in the real world.
 But do not leave work in the real world because the crypto unpredictable market, sometimes experience flutuative that we cannot predict until when the market will improve again.

Yes, if it produces good profits consistently and continuously, it will certainly be very promising, although it can be said to be far from our salary or income in the real world. But I also agree with you that there is no need to rush to take steps to leave real life because of the benefits of this trading, because everything is high risk. Unless we already have a good and consistent passive income, and have a business that makes us still have income even though we don't work in real life or in the office. then that might be a consideration. but, once again, it's high risk.

[SmartGold01]

AGreed, in trading we need knowledge. And the forum is a good media for me to get a lot of knowledge from members here. And I am very grateful to friends who are willing to share knowledge.
While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.

Of course, without knowledge, we are like we have no grip, we will be blind to what we will do. and of course, the risk will be much higher if there is no knowledge at all. because, this will also affect how we act to prepare trading carefully, thoroughly, seriously, disciplined, strategy and also various other things related to crypto trading.

Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading

[Nheer]

AGreed, in trading we need knowledge. And the forum is a good media for me to get a lot of knowledge from members here. And I am very grateful to friends who are willing to share knowledge.
While by practicing we can gain experience and have skills in trading. so both must be owned if you want to become a professional trader.

Of course, without knowledge, we are like we have no grip, we will be blind to what we will do. and of course, the risk will be much higher if there is no knowledge at all. because, this will also affect how we act to prepare trading carefully, thoroughly, seriously, disciplined, strategy and also various other things related to crypto trading.

Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading

lol seems you know much about this newbie traders, I also have been into that phase thinking  that you have known so much about trading that you will think you have enough knowledge about trading and thought of your self as a professional trader.
Many new traders does that after just a little knowledge about trading they will thought that how it done and trading is a big and large space which you have to cover a lot of knowledge to become more profitable and successful.
  It really deserves commitment, dedication and many more to become successful not just little knowledge and you think you have learn enough many and many things needs to be learn to achieve your big goals and bigger dreams. But building self confidence in one’s life is very important so I guess that what they are building lmao.

[Mr. Magkaisa]

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.

        -     In the first place I am married, I'm a family man already, currently I am not employed, but I have a small business somehow so my main source of income right now is crypto trading. For now I won't deny that somehow the profit I get from trading here in crypto of around 150$ to 200$ a week also helps.

Then while I am renting now I also took out a housing loan under by our government here, so it's still 3 years before I can moved in, I've only been paying off 1 year, almost  then somehow I can put aside savings and dca in crypto even if it's little by little. Right now every cent I earn in the cryptocurrency industry is important to me. And every month I also gave an allowance to my parents just like a pension though she already a pensioner.

[Gurujebs]

Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading

Most of the people that are successful in crypto trading today, they are more way fundamental in analysis than the technical aspect because they know it's the only thing that matters the most. Most trader will give you a technical set of a trade that will later gives you a good or bad news latter to anticipate how it will move when it finally happened.

Many trader even prefer to trade and work on a pair that will gives good profits with Incoming news than a coin that has no any fundamental around them. Bitcoin for example has a lot of fundamental due to institutional interest, it's a very good example of coin one can use for technical and fundamental trading, with right information.

[DavetJack]

Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading

Most of the people that are successful in crypto trading today, they are more way fundamental in analysis than the technical aspect because they know it's the only thing that matters the most. Most trader will give you a technical set of a trade that will later gives you a good or bad news latter to anticipate how it will move when it finally happened.

Yes, those who are successful in crypto trading have the fundamentals of trading and when you analyze them technically, you can see that they have all kinds of knowledge and they have succeeded here. And if we want to move forward in this trading, we have to gain a lot of knowledge and know the fundamentals, along with that, we have to spend a lot of time. We see that many people here are knowledgeable about many skills and training. They share their knowledge on different topics in different forums. If we pay attention to their posts, we can learn a lot from there and get a lot of ideas.

[SmartGold01]

Information is very powerful when it comes about to trading and such person doesn't attached themselves to be regularly receiving information to know the goodd moment to enter trading and when not to enter market. Sometimes people do thinks immediately they started trading and learn few things they could think they have known everything regarding to trading that is when they would say that have mastered everything in trading

lol seems you know much about this newbie traders, I also have been into that phase thinking  that you have known so much about trading that you will think you have enough knowledge about trading and thought of your self as a professional trader.
Many new traders does that after just a little knowledge about trading they will thought that how it done and trading is a big and large space which you have to cover a lot of knowledge to become more profitable and successful.
  It really deserves commitment, dedication and many more to become successful not just little knowledge and you think you have learn enough many and many things needs to be learn to achieve your big goals and bigger dreams. But building self confidence in one’s life is very important so I guess that what they are building lmao.

Self confidence is also important as you said.. trading is patient and not just little knowledge gained over the time, while trading there are lot of things to pass through while trading but many people who aren't that dedicated or just feeling that trading is something they would achieve just within few weeks or months so.. but a good learner and reader should be able to understand it within couple of years.

[BitMaxz]

Self confidence is also important as you said.. trading is patient and not just little knowledge gained over the time, while trading there are lot of things to pass through while trading but many people who aren't that dedicated or just feeling that trading is something they would achieve just within few weeks or months so.. but a good learner and reader should be able to understand it within couple of years.

Trading requires more than just self-confidence; you must also be patient and disciplined, trading only when all of the rules or conditions you set are met.
If you don't follow the condition of your strategy you'll get a negative result in trading.
The most important thing in trading is to protect your capital, which is why you should learn not only self-confidence but also risk management.

[SmartGold01]

Self confidence is also important as you said.. trading is patient and not just little knowledge gained over the time, while trading there are lot of things to pass through while trading but many people who aren't that dedicated or just feeling that trading is something they would achieve just within few weeks or months so.. but a good learner and reader should be able to understand it within couple of years.

Trading requires more than just self-confidence; you must also be patient and disciplined, trading only when all of the rules or conditions you set are met.
If you don't follow the condition of your strategy you'll get a negative result in trading.
The most important thing in trading is to protect your capital, which is why you should learn not only self-confidence but also risk management.

Yes you are right and it's a must do something, again as a trader we should also know that loses are inevitable and one must lose money while trading, though it must be cultured to reduced the rate at which we lose money while trading that comes in the risk management you talking about. We must not trade 100 % without incuring loses while trading but a good trader should be able to control and determined how much they should lose at the cause of trading.

[Gurujebs]

Yes you are right and it's a must do something, again as a trader we should also know that loses are inevitable and one must lose money while trading, though it must be cultured to reduced the rate at which we lose money while trading that comes in the risk management you talking about. We must not trade 100 % without incuring loses while trading but a good trader should be able to control and determined how much they should lose at the cause of trading.

Loss is part of the game on trading, you will make it once in a while but the general target you should have as a trader is to make sure that any opportunities you have in trading, do anything to get profit for that time be it daily or weekly and with that strategy, your loss will be compensate and you wouldn't know the side of the loss.

Make sure to also improve your trading skills and do anything to follow the market, you will get away with many loss when you follow the trend. Like when the market is in bull run do no mistake of shorting the market and when the market is in bear market, minimize the rate at which you long the market.

[MrSpasybo]

Loss is part of the game on trading, you will make it once in a while but the general target you should have as a trader is to make sure that any opportunities you have in trading, do anything to get profit for that time be it daily or weekly and with that strategy, your loss will be compensate and you wouldn't know the side of the loss.

Make sure to also improve your trading skills and do anything to follow the market, you will get away with many loss when you follow the trend. Like when the market is in bull run do no mistake of shorting the market and when the market is in bear market, minimize the rate at which you long the market.

Well, it seems we've gotten a bit off-topic. I know that investors need to continuously improve their skills to survive in the market, but sometimes they also need to apply that knowledge to generate real profits for themselves.

Additionally, I think sharing experiences with others is also a suggestion for traders to consider. Through the process of sharing knowledge, traders will review and understand the issues more deeply, and they will also learn more from the successes and failures of other investors in the market.

[SmartGold01]

Yes you are right and it's a must do something, again as a trader we should also know that loses are inevitable and one must lose money while trading, though it must be cultured to reduced the rate at which we lose money while trading that comes in the risk management you talking about. We must not trade 100 % without incuring loses while trading but a good trader should be able to control and determined how much they should lose at the cause of trading.

Loss is part of the game on trading, you will make it once in a while but the general target you should have as a trader is to make sure that any opportunities you have in trading, do anything to get profit for that time be it daily or weekly and with that strategy, your loss will be compensate and you wouldn't know the side of the loss.

Make sure to also improve your trading skills and do anything to follow the market, you will get away with many loss when you follow the trend. Like when the market is in bull run do no mistake of shorting the market and when the market is in bear market, minimize the rate at which you long the market.

Of course it's a major thing to Incure while trading but the ability for us to minimize the risk makes us that sensitivity while trading.
All trader should be able to control how much they loses and also increases their chances of profits while trading and should reduce the rate at which they makes losses.

[Rubel007]

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.

I will go with the first option which is quitting my job, however this is dependant on if the job is less paying and then tends to take most of my time, if that is the case, I will quit the job asap, this is because trading requires complete focus and concentration in other not to fall on the losing side, it involves always gluing you eyes to your phone or laptop to study the moving charts and trends.

Well, your idea is good. I like how your compared your income from the job to the income you will make from trading. If you monthly income from your job is way much higher than the profits you are getting from trading, you don't have to quit your job. If your job is also time consuming, you just have to derive a means to still manage it with the trading until your trading is is more consistent that you are making a higher amounts every month and the amount you by far surpass your salary.

Due to the topic, he said what will you do when you become successful in trading that means successful that the income will definitely surpass his/ her monthly income lol according to my understanding but your own understanding isn’t bad at all one can be successful and his monthly income will be much bigger than his trading wages. 
But I guess we will just take this successful as the trading income is far more profitable than the monthly so to me I won’t quite my job but I will get some dirty things sanitize from my life and more to it I will make sure I’m financial stable. Giving my parents the best living ever a very comfortable living and peace to enjoy their fruit of labor lmao.

It is natural that trading can be more profitable than a job, but in my case, I will not stop my job because of trading, especially until I can go into a permanent investment. Earning money from trading is not a guaranteed platform that can give me regular income. Sometimes you may profit from trading, but you will face losses again. I will never be able to live a normal life in this uncertainty if there is no other regular income.