full time or part time trader?

[Mr. Magkaisa]

we all have different opinions as well as strategies when it comes to trading i have encountered some people say that they think trading shouldn’t be your main source of income and instead be only treated as a side hustle

but can you really be profitable if you only trade on the side? isn’t better to dedicate much of your time and resources to trading to maximize profit? or is trading as a side hustle with a main job sufficient and profitable enough?

       -      If you don't have another source of income, it's better to just devote yourself full time to studying here while practicing your trading activity. At least you'll still have time to really study this and apply what you learn from studying here.

Because if you do it part-time, there's no problem either, it's still up to you. It's just that part-time seems to only be applicable here if you have another source of income that you're busy with.

[Stuart]

we all have different opinions as well as strategies when it comes to trading i have encountered some people say that they think trading shouldn’t be your main source of income and instead be only treated as a side hustle

but can you really be profitable if you only trade on the side? isn’t better to dedicate much of your time and resources to trading to maximize profit? or is trading as a side hustle with a main job sufficient and profitable enough?

Trading is very well profitable to those who has over the years dedicated their time to develop and acquire knowledge about the crypto market and how to go around it. For new traders, acquiring the knowledge is very crucial for a smooth long run, and on the process of acquiring this knowledge, there should be something made available to keep the learning process run smoothly. At this point, the need for a side hustle comes in. At the very start as a trader, there will/are bills that must be paid which are necessary, so, funds to foot those bills should be made available. While on a long run and the profits are now made available and visible, then the side hustle can be left behind and full concentration to the market, cause trading requires almost all your time to keep up with every slight trend.

I will summarize by saying, at the point of starting trading, trading is the side hustle, while a secured job is at the forefront, while, when trading has become profitable, the side hustle is of no need, as trading can take care of all bills and expenses.

[electronicash]

we all have different opinions as well as strategies when it comes to trading i have encountered some people say that they think trading shouldn’t be your main source of income and instead be only treated as a side hustle

but can you really be profitable if you only trade on the side? isn’t better to dedicate much of your time and resources to trading to maximize profit? or is trading as a side hustle with a main job sufficient and profitable enough?

you still can trade without having to fully put all your time trading. not all the time that the market can be easy to trade. there are dull times in the market where there is no real trend making trading hard.

its still best to have a job as source income and then you can trade still in your free time. there is no need to be just a trader. just keep your job because companies or banks still will ask for your source of income.

[Aanuoluwatofunmi]

Except you think or know that you're a professional trader, I will advise not to go for a full time trading if you are not that buoyant in trading and financially, these are the two major constraints or demands that always comes with the decision of trading, because many are willing to trade but they don't have the understanding of how they could start and on which digital asset should they invest their money on for trades.

[Chilwell]

we all have different opinions as well as strategies when it comes to trading i have encountered some people say that they think trading shouldn’t be your main source of income and instead be only treated as a side hustle

but can you really be profitable if you only trade on the side? isn’t better to dedicate much of your time and resources to trading to maximize profit? or is trading as a side hustle with a main job sufficient and profitable enough?

Well, trading shouldn't be considered as the main source of income, it is really advisable to do per time trading or side hustle. You can be able to manage both trading and your job (your main source of income), if you apply some strategies you will still be profitable with your trading, But only when you work hard and dedicate the little time to trading despite being per time. There is time for everything, schedule the time that you will use to trade and the time that you will focus on your your main job. It is not advisable to rely solely on trading because it future is unpredictable or uncertain and you may lose or gain at anytime. So, even in a situation where you lost your money in trading, you will feel less pain because you have other source of incomes apart from trading.

[milewilda]

Except you think or know that you're a professional trader, I will advise not to go for a full time trading if you are not that buoyant in trading and financially, these are the two major constraints or demands that always comes with the decision of trading, because many are willing to trade but they don't have the understanding of how they could start and on which digital asset should they invest their money on for trades.

Acquiring trading skills is never been that easy and never been that a short time period on which does simply means that taking it full time will really be having that consideration whether you would really be that trying out to make it full time then make it sure that you do have other income source on which you can sustain yourself at the time that you are still doing practicing trading because just like on what i have said that knowing such skills wont really be that a short period of time on which means that you will really be needing up to have that sufficient time for you to have at least that knowing up such skills. We do know that its not something that takes a little bit of time and will really be that needing up that sufficient time.

[MUGNIA]

full time trader I think this is already classified as a high-class trader whose profit is already many times the initial capital they spend, I think it is better in the real world to have a real business because it can be a source of income when crypto trading is not good, because crypto stock trading will not always be good, the profit will definitely be there are times when the market is sluggish

[Trongduy]

we all have different opinions as well as strategies when it comes to trading i have encountered some people say that they think trading shouldn’t be your main source of income and instead be only treated as a side hustle

but can you really be profitable if you only trade on the side? isn’t better to dedicate much of your time and resources to trading to maximize profit? or is trading as a side hustle with a main job sufficient and profitable enough?

Full time and part time traders can both make profits, as long as they have experience and capital. Sometimes part time traders can even make better profits because they have better psychological control. They choose to have a stable, regular job and only spend time at the end of the day trading based on their experience with this market.

There isn't too much difference between these traders, I believe they share the same technical analysis basis and the number of trades isn't too different either. If the income is good, everyone wants to become a full time trader so they can relax and spend time with their family after spending a few hours analyzing the market and placing orders.

[Findingnemo]

we all have different opinions as well as strategies when it comes to trading i have encountered some people say that they think trading shouldn’t be your main source of income and instead be only treated as a side hustle

but can you really be profitable if you only trade on the side? isn’t better to dedicate much of your time and resources to trading to maximize profit? or is trading as a side hustle with a main job sufficient and profitable enough?

You can spend as much as time you want on analysis and strategies but it doesn't ensure the consistent profits so the question is whether you can survive without constant income? Let's say someone who is young and live with their parents and doesn't really need to feed others then it's possible but most of others should not consider trading as full time job unless they have other passive income streams that can take care of the survival expenses.

[enwi]

full time trader I think this is already classified as a high-class trader whose profit is already many times the initial capital they spend, I think it is better in the real world to have a real business because it can be a source of income when crypto trading is not good, because crypto stock trading will not always be good, the profit will definitely be there are times when the market is sluggish

In the case of asset trading, one cannot rely on one and only source of cash inflow because any market can turn at any given period of time. It is highly rewarding at certain times while at other instances the outcome is not so impressive as perceived by the market. It is probably true that it is more reliable to have other forms of income when the going gets tough, that is when the market conditions for example are not very favourable. Therefore, something that has a real form outside the asset trading activity can be of more value when run in the long term. With other resources, which can give more stable yields, it is not necessary to tie oneself to the market fluctuations that occur without fail.

[Crypto Library]

we all have different opinions as well as strategies when it comes to trading i have encountered some people say that they think trading shouldn’t be your main source of income and instead be only treated as a side hustle

but can you really be profitable if you only trade on the side? isn’t better to dedicate much of your time and resources to trading to maximize profit? or is trading as a side hustle with a main job sufficient and profitable enough?

It's is most probably depends on the person what's his goal.

But in my personal Opinion I say say that start with the part time trader with an stable earning source so that you can stay even you lose in your trading then when you will in that place you know the every single things in market I mean the analysis skill and well knowing the market psychology and controlling self. Then you to shit the full time trader I think.

[vegasus]

but can you really be profitable if you only trade on the side? isn’t better to dedicate much of your time and resources to trading to maximize profit? or is trading as a side hustle with a main job sufficient and profitable enough?

Me? Only for side activities in free time.
I don't think I'm the type of person who is strong and capable enough to dedicate more of my time to focus on trading. I've wanted to do it a few years ago but I just couldn't. There are so many things I have to take care of in the real world. And this limits my involvement in the crypto space, especially for daytrading activities. And not only that, day trading activities can also lead my emotions to lose control and make it difficult to accept such high pressure. That's why I often choose to take low risks and without too much burden.

[bayu7adi]

You can spend as much as time you want on analysis and strategies but it doesn't ensure the consistent profits so the question is whether you can survive without constant income? Let's say someone who is young and live with their parents and doesn't really need to feed others then it's possible but most of others should not consider trading as full time job unless they have other passive income streams that can take care of the survival expenses.

Many people are too worried about uncertain income when living independently... while the permanent job that people think about, sometimes is not completely permanent until old age... there are times when companies can suddenly go bankrupt too... so actually, we all don't have a real fixed income... everything has its time, including our heyday...

Relying on trading income alone, is clearly quite worrying if it is not stable.... if you can already make enough money to meet your needs, that is an exception... yes, the point is if someone can guarantee that they can get enough money from trading to live independently with their family... that is enough., the next projection is to find other income so that they can live better.

[Nheer]

You can spend as much as time you want on analysis and strategies but it doesn't ensure the consistent profits so the question is whether you can survive without constant income? Let's say someone who is young and live with their parents and doesn't really need to feed others then it's possible but most of others should not consider trading as full time job unless they have other passive income streams that can take care of the survival expenses.

Many people are too worried about uncertain income when living independently... while the permanent job that people think about, sometimes is not completely permanent until old age... there are times when companies can suddenly go bankrupt too... so actually, we all don't have a real fixed income... everything has its time, including our heyday...

Relying on trading income alone, is clearly quite worrying if it is not stable.... if you can already make enough money to meet your needs, that is an exception... yes, the point is if someone can guarantee that they can get enough money from trading to live independently with their family... that is enough., the next projection is to find other income so that they can live better.

your point is quite considerate you really have a big points, not all job can stay long with time all will get to it ending ages but how ever they are some work that are really worth relaying on for instance some government jobs really stays longer than you could expect but other individuals company works can really come to an end if the company isn’t gaining much value from their customers.
But for me I can’t depend on trading as my only source of income except I have gain much more than I could possibly imagine but as for now I guess having multiple source of income will work much better for me.

[bounceback]

Me? Only for side activities in free time.
I don't think I'm the type of person who is strong and capable enough to dedicate more of my time to focus on trading. I've wanted to do it a few years ago but I just couldn't. There are so many things I have to take care of in the real world. And this limits my involvement in the crypto space, especially for daytrading activities. And not only that, day trading activities can also lead my emotions to lose control and make it difficult to accept such high pressure. That's why I often choose to take low risks and without too much burden.

Full time or part time with trading in cryptocurrency depend on each personal, if have much capital and every trade earn profit above $100 to $500 its not bad ideas make trading as full time job but if can't consistent earn large profit every day make trading as part time job.
However have difficulty controlling cryptocurrency trading as part time job due market unpredictable when going up or going down, for me make trading as full time job is better ideas during have large capital with possibility earn much profitable every day or trade as short term way.