full time or part time trader?

[UNIVERSE]

I have seen a lot of full time traders that really make money off the market. I can't par with them but they have shown valid proof that they do. And that's why I believe being a full time trader is a lucrative career for those that understands the market. If you're as good as them, then make it as a career and a bread and butter for yourself and family. I cannot be on that side but I admire them because the possibility of a person doing full time trading is very high.

They become full time traders because of serious reason. They must get enough money from trading full time, that's the main reason. If they can't get enough money, they mustn't have the intention to be full time traders. I'm not sure if all people can have the ability to be full time traders, I think it is only for the people who have proper skills/ability. But everyone can learn, everyone can try efforts to be full time traders if they have a big intention.

[LogitechMouse]

I have seen a lot of full time traders that really make money off the market. I can't par with them but they have shown valid proof that they do. And that's why I believe being a full time trader is a lucrative career for those that understands the market. If you're as good as them, then make it as a career and a bread and butter for yourself and family. I cannot be on that side but I admire them because the possibility of a person doing full time trading is very high.

For me, if you're making profit consistently then you can make trading as your full-time career.
I mean there are some who look at trading as some kind of business, and for them, they need to make money that's why they're learning it.

I haven't seen one person that is successful in trading and making money consistently, but I've seen many online already (I don't know if it's real profits because there are some who're like faking it to attract aspiring traders). I guess this is the reason why I still continue to trade despite of the huge losses that I had these past few years. I believe that experience will take you a long way to become successful that's why I continue to trade to learn how to make better decisions in the future.

[Bobcrypto]

I have seen a lot of full time traders that really make money off the market. I can't par with them but they have shown valid proof that they do. And that's why I believe being a full time trader is a lucrative career for those that understands the market. If you're as good as them, then make it as a career and a bread and butter for yourself and family. I cannot be on that side but I admire them because the possibility of a person doing full time trading is very high.

For me, if you're making profit consistently then you can make trading as your full-time career.
I mean there are some who look at trading as some kind of business, and for them, they need to make money that's why they're learning it.

I haven't seen one person that is successful in trading and making money consistently, but I've seen many online already (I don't know if it's real profits because there are some who're like faking it to attract aspiring traders). I guess this is the reason why I still continue to trade despite of the huge losses that I had these past few years. I believe that experience will take you a long way to become successful that's why I continue to trade to learn how to make better decisions in the future.

Honestly, if i have the sum of $40k as capital, I wouldn't mind quiting a job that is paying between $700 to $1000 as monthly rewards. In fact, with $40k as trading capital, my profit on the weekly basis can go up to $400 or more, i will be able to make more than what i am earning per month. If I am earning $800 a month, I will focus on trading and quit my job, because if on a weekly basis my profit is at least, $400 multiply by four(400x4 =$1600), $1600 is better than the job  Though there are bad times, that is, dumps, but with this huge capital I will be able to manage my risks properly.

[bitbit97]

I have seen a lot of full time traders that really make money off the market. I can't par with them but they have shown valid proof that they do. And that's why I believe being a full time trader is a lucrative career for those that understands the market. If you're as good as them, then make it as a career and a bread and butter for yourself and family. I cannot be on that side but I admire them because the possibility of a person doing full time trading is very high.

For me, if you're making profit consistently then you can make trading as your full-time career.
I mean there are some who look at trading as some kind of business, and for them, they need to make money that's why they're learning it.

I haven't seen one person that is successful in trading and making money consistently, but I've seen many online already (I don't know if it's real profits because there are some who're like faking it to attract aspiring traders). I guess this is the reason why I still continue to trade despite of the huge losses that I had these past few years. I believe that experience will take you a long way to become successful that's why I continue to trade to learn how to make better decisions in the future.

Honestly, if i have the sum of $40k as capital, I wouldn't mind quiting a job that is paying between $700 to $1000 as monthly rewards. In fact, with $40k as trading capital, my profit on the weekly basis can go up to $400 or more, i will be able to make more than what i am earning per month. If I am earning $800 a month, I will focus on trading and quit my job, because if on a weekly basis my profit is at least, $400 multiply by four(400x4 =$1600), $1600 is better than the job  Though there are bad times, that is, dumps, but with this huge capital I will be able to manage my risks properly.

Arent you forgetting such things as instability of trading outcome and not having a safe pillow if things go wrong? If you had $40k, you would quit your job and start trading, but in your given example, you plan to do this with whole trading capital. You are going all-in to earn $1.6k per month. Think you can be so lucky to risk with trading capital though years?  You know what is wrong with your example? Imo is that you calculate and look on only positive outcome. Whereas if things go bad, you will become broke. And you don't take it into account constant stress factor.

[BitMaxz]

Arent you forgetting such things as instability of trading outcome and not having a safe pillow if things go wrong? If you had $40k, you would quit your job and start trading, but in your given example, you plan to do this with whole trading capital. You are going all-in to earn $1.6k per month. Think you can be so lucky to risk with trading capital though years?  You know what is wrong with your example? Imo is that you calculate and look on only positive outcome. Whereas if things go bad, you will become broke. And you don't take it into account constant stress factor.

You mean all in on a single trade that's a pretty bad idea if you want to stay long in trading you need risk management and keep your risk as tight as possible. Usually they stick with 1% of the total capital just to stay alive on the market but before you are going to do that make sure to learn all kinds of strategy to understand the market structure and build a confidence first even you have a 50% win rate in the long run you can make a profit with 1:2 risk ratio.
Without a knowledge you will always think that it's impossible to live in trading but to me it depends on your skill.

[jeraldskie11]

I have seen a lot of full time traders that really make money off the market. I can't par with them but they have shown valid proof that they do. And that's why I believe being a full time trader is a lucrative career for those that understands the market. If you're as good as them, then make it as a career and a bread and butter for yourself and family. I cannot be on that side but I admire them because the possibility of a person doing full time trading is very high.

For me, if you're making profit consistently then you can make trading as your full-time career.
I mean there are some who look at trading as some kind of business, and for them, they need to make money that's why they're learning it.

I haven't seen one person that is successful in trading and making money consistently, but I've seen many online already (I don't know if it's real profits because there are some who're like faking it to attract aspiring traders). I guess this is the reason why I still continue to trade despite of the huge losses that I had these past few years. I believe that experience will take you a long way to become successful that's why I continue to trade to learn how to make better decisions in the future.

Honestly, if i have the sum of $40k as capital, I wouldn't mind quiting a job that is paying between $700 to $1000 as monthly rewards. In fact, with $40k as trading capital, my profit on the weekly basis can go up to $400 or more, i will be able to make more than what i am earning per month. If I am earning $800 a month, I will focus on trading and quit my job, because if on a weekly basis my profit is at least, $400 multiply by four(400x4 =$1600), $1600 is better than the job  Though there are bad times, that is, dumps, but with this huge capital I will be able to manage my risks properly.

Arent you forgetting such things as instability of trading outcome and not having a safe pillow if things go wrong? If you had $40k, you would quit your job and start trading, but in your given example, you plan to do this with whole trading capital. You are going all-in to earn $1.6k per month. Think you can be so lucky to risk with trading capital though years?  You know what is wrong with your example? Imo is that you calculate and look on only positive outcome. Whereas if things go bad, you will become broke. And you don't take it into account constant stress factor.

I agree with you. Some people focus only in the positive outcomes as it inspires you to do the hard things. But I believe this will not applicable at all things especially in trading. If a trader focus only in a positive outcome without realizing that their expectations is very unrealistic it's just makes them broke in no time. There are no profitable trader who do that, like they just use their all port in one trade because that is gambling, very risky. We can't survive with that mindset, the market is harder than what we think it is.

[ZAINmalik75]

They become full time traders because of serious reason. They must get enough money from trading full time, that's the main reason. If they can't get enough money, they mustn't have the intention to be full time traders. I'm not sure if all people can have the ability to be full time traders, I think it is only for the people who have proper skills/ability. But everyone can learn, everyone can try efforts to be full time traders if they have a big intention.

Not every person has the ability to become a Doctor or pilot, thus professional traders too. They have to make money to feed themselves, and their families, and the pressure is really huge, maybe those who like to work in a pressured environment are the ones who becomes professional traders.

Or they become used to it. Trading can be risk and stress less but not totally free, we can only trade as professional traders for full time when we have master the risk management and when we think we have control on our emotions.

[alltalk]

Not every person has the ability to become a Doctor or pilot, thus professional traders too. They have to make money to feed themselves, and their families, and the pressure is really huge, maybe those who like to work in a pressured environment are the ones who becomes professional traders.

Indeed, the ability or skills of each person can be different. There are people who have nature skills/ability to be doctor, pilot, or trader. But there are also people who have no ability/skills to be those professions. However, if they have a big desire, they can learn or take some lessons to be those professions.

Sure, people who choose certain professions, they want to earn money for themselves and their family. It is surely a serious matter and we shouldn't be careless to choose the professions.

Or they become used to it. Trading can be risk and stress less but not totally free, we can only trade as professional traders for full time when we have master the risk management and when we think we have control on our emotions.

No doubt that trading is always risky, there is no 100% safe trading. Even if it is spot trading, there is no guarantee for profits. Because of this, we must have the ability of dealing with the risks.

[ZAINmalik75]

Indeed, the ability or skills of each person can be different. There are people who have nature skills/ability to be doctor, pilot, or trader. But there are also people who have no ability/skills to be those professions. However, if they have a big desire, they can learn or take some lessons to be those professions.

Sure, people who choose certain professions, they want to earn money for themselves and their family. It is surely a serious matter and we shouldn't be careless to choose the professions.

Yes we should be very careful while choosing our profession, we should not the most idiotic thing by leaving our job just because we made profit in our few trades and now we think we don't need a job and we can always make profit from trading. This will be the most idiotic thing a person would ever done.

We always say that we should choose our profession carefully because we might have to do it for our whole life so the same thing apply here, if we want to be professional traders we must have other source of income too we cannot rely on it alone.

[dekafee79]

Indeed, the ability or skills of each person can be different. There are people who have nature skills/ability to be doctor, pilot, or trader. But there are also people who have no ability/skills to be those professions. However, if they have a big desire, they can learn or take some lessons to be those professions.

Sure, people who choose certain professions, they want to earn money for themselves and their family. It is surely a serious matter and we shouldn't be careless to choose the professions.

Yes we should be very careful while choosing our profession, we should not the most idiotic thing by leaving our job just because we made profit in our few trades and now we think we don't need a job and we can always make profit from trading. This will be the most idiotic thing a person would ever done.

We always say that we should choose our profession carefully because we might have to do it for our whole life so the same thing apply here, if we want to be professional traders we must have other source of income too we cannot rely on it alone.

I agree with you, we must have many considerations if we want to leave our real world jobs or businesses and prefer to focus on trading. because becoming a professional trader who always makes a profit is not easy. we must have another income so as not to disrupt our family's needs. because it is feared that if we experience losses in trading, we will not be able to meet our living needs.

[rby]

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?

Part time trading is more beneficial and give an ample life to face other things of life than full time trading. Becoming a part-time trader will make you not to over trade which many traders do.
In as much as crypto is concerned, trading needs to be part-time and not intensive in order to give the trader time for rest. Trading is not easy....

[LUCKMCFLY]

We always say that we should choose our profession carefully because we might have to do it for our whole life so the same thing apply here, if we want to be professional traders we must have other source of income too we cannot rely on it alone.

Being a full-time trader is quite distressing , To me, that's not life, because doing it that way means you can't take advantage of the most basic aspects of life, or spend time with your family, or even go to a soccer game, or do something you enjoy.

Being a full-time trader is an absolute responsibility , which is why I prefer to analyze the market , If it's a long-term trade , if a strange movement occurs that goes seriously Against me, I have the option to react and correct it,  If I'm a short-term trader, and if I make a lot of mistakes, it's best to take a break , For me, that's important until I reflect on how we can enter the market more effectively.

[SmartGold01]

Being a full-time trader is an absolute responsibility , which is why I prefer to analyze the market , If it's a long-term trade , if a strange movement occurs that goes seriously Against me, I have the option to react and correct it,  If I'm a short-term trader, and if I make a lot of mistakes, it's best to take a break , For me, that's important until I reflect on how we can enter the market more effectively.

Both full time and part time trading requires a solid knowledge to know how to analyzed the market effectively. If the trader doesn't know how to do his analysis then there is nothing to profits from the market, so for one to be successful while trading they all needs basic concepts by having deep knowledge about fundamental and technical analysis to help them determines how the market could reacts over the period of time they are trading on. But to me, If I senses instabilities I wouldn't mind just becoming investor than keep trading because sometimes the market could be that difficult to predicts over the time.

[LogitechMouse]

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We always say that we should choose our profession carefully because we might have to do it for our whole life so the same thing apply here, if we want to be professional traders we must have other source of income too we cannot rely on it alone.

Being a full-time trader can really be stressful especially when the market isn't going in your way and you will lose some money for that day.

This is the reason why when traders making a trade, they are always going to a 1:3 or even higher Risk-to-reward ratio. They know that at some point in time, there will be days where they will end up losing their money that's why they're going for a higher reward to use as a "BUFFER" just in case they will have losing days.

Being a professional trader and focusing on it as your only source of income is doable. Yes, having another source of income will always be the better choice, but what if you're making way more money in trading than your other income source? What if that "other source of income" is sucking too much of your time? I believe that having multiple sources of income is good, but like I always say, if you're profitable in trading for a long time already, you can just focus on it, and be better at it.

[Bobcrypto]

Trading should not be seen as a full time or side hustle. It should be not be seen as a means of earning money unless the trader has tried to make money from it and see what happens in some months after using small amount of money on it. That will determine how he will think about trading.

But no matter what, even if you make money from trading (but which it probability is very low from happening), make sure you do not make it a full time job. Have businesses that will earn you money.

There are no probabilities on making money when trading, and as far as i am concerned, trading is a lucrative business especially if you have the necessary experience with large capital.
There is nothing wrong with making trading as a full time job, like i said, it all depends on your experiences and the knowledge of the crypto market, and trading can be means of earning in my opinion.