full time or part time trader?

[Marivic27]

For me i will do trading as a part Time job simply because trading is not a kind of work that can get a stable income,it is a big difference from doing your job because stable job has also a stable income and we can accurately support our family than doing trading which is no assurance of earning everyday, this is my own understanding about trading and doing regular job.

[Dr.Bitcoin_Strange]

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 actually depends on the business or job you are involved with, if you have a job that gives you free time, you can still use your free time to analyze the market and take set your trade to automatically activate itself when it gets to your entry level, you will also have to set a stop lose and take profit if you will not be around to monitor the trade. But there are also some jobs that you will be involved with, you wouldn't have too much time to trade because the little time you will have is to rest and prepare for the next day job.

If you are in such a situation, you have to decide for yourself what you would do, either quitting your job to focus on trading or continue your job and just use any little time you get to trade. But it's not smart to quit your job for trading unless you are already making a consistent amount of money from trading.

[Nheer]

For me i will do trading as a part Time job simply because trading is not a kind of work that can get a stable income,it is a big difference from doing your job because stable job has also a stable income and we can accurately support our family than doing trading which is no assurance of earning everyday, this is my own understanding about trading and doing regular job.

I understand your point and I know what you mean, but in other hand when one have a great knowledge about the market and understand the market a lot then one can be more successful and more profitable that will lead to financial stability and you can take care of your family needs and wants without any trauma. They are many profitable successful traders out there we see everyday making thousands, trading can be use as full time job if one have better knowledge and bigger capital and most of all maintaining risk management not to allow the account get blowed.

But everyone has there own reason, so I guess you have better reason why you prefer it as a part time job but even as a full time job one can get financial stability and be a profitable trader you don’t really needs any white collar jobs or any jobs that you will be working under a body or individual rather being yourself boss and can have people works under you.

[Makus]

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?

Personally I prefer to take investment as a side hustle rather than making it my full time job. Considering the risk associated its best to take it as a side hustle that can still generate profits and add value to your income beside you need capital  to start your investment journey and how on earth are you gonna generate your start up capital when you don't have a job. I plan on going on a very long term holding which will also require me to consistently make deposit bit by bit until I get to my desired amount of holding. However that explains that you'll need a source of income to be able to keep up with the consistency. Short term trader are also going to be needing a job because there is a probability that they may loss their start up capital probably due to volatility and market manipulations.

[lombok]

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?

Personally I prefer to take investment as a side hustle rather than making it my full time job. Considering the risk associated its best to take it as a side hustle that can still generate profits and add value to your income beside you need capital  to start your investment journey and how on earth are you gonna generate your start up capital when you don't have a job. I plan on going on a very long term holding which will also require me to consistently make deposit bit by bit until I get to my desired amount of holding. However that explains that you'll need a source of income to be able to keep up with the consistency. Short term trader are also going to be needing a job because there is a probability that they may loss their start up capital probably due to volatility and market manipulations.

In fact, long term investment does entail such critical vices as patience and doggedness. I completely agree with you when you say that finding a permanent job offers an opportunity to earn reasonable and regular amount, which may be used to augment capital for investment. They acknowledge that the market especially the crypto or stock market is very unpredictable leading to such shocks as losses. It also means that with the available job, your needs will still be well guaranteed even if your investment decreases. It is also important to form a habit of investing continually, that is, gradually adding up to the saving pile can prove to be much more effective in the long run rather than putting in a lump sum only if the resources to do so can be ascertained.

[DragonF]

In fact, long term investment does entail such critical vices as patience and doggedness. I completely agree with you when you say that finding a permanent job offers an opportunity to earn reasonable and regular amount, which may be used to augment capital for investment. They acknowledge that the market especially the crypto or stock market is very unpredictable leading to such shocks as losses. It also means that with the available job, your needs will still be well guaranteed even if your investment decreases. It is also important to form a habit of investing continually, that is, gradually adding up to the saving pile can prove to be much more effective in the long run rather than putting in a lump sum only if the resources to do so can be ascertained.

Truly, patience is essential for success in trading. It is easier to profit from long-term trading, but only those traders who are willing to wait can profit from it, which is why it is not a good idea to rely solely on trading for income. When trading is the sole source of income, the trader is constantly under pressure to make a profit because his daily survival is dependent on the profits from his trade.

This is not the best. A trader is expected to have a guaranteed source of income as his primary source of income, allowing him to easily wait for his trade to mature without the pressure of wanting to profit right away.

[Makus]

In fact, long term investment does entail such critical vices as patience and doggedness. I completely agree with you when you say that finding a permanent job offers an opportunity to earn reasonable and regular amount, which may be used to augment capital for investment. They acknowledge that the market especially the crypto or stock market is very unpredictable leading to such shocks as losses. It also means that with the available job, your needs will still be well guaranteed even if your investment decreases. It is also important to form a habit of investing continually, that is, gradually adding up to the saving pile can prove to be much more effective in the long run rather than putting in a lump sum only if the resources to do so can be ascertained.

Yeah, sure. Using the DCA strategy to accumulate your bitcoin is much more effective than a lump, reason I say so, during the cause of making DCA inputs the holder get to experience market fluctuations from his first bitcoin deposit and if he manages to control his emotions during fluctuations there is a great tendency that such trader would develop  trust and hold without selling off his bitcoins during small market price dumps. For a long term project, it's best to hold to long period of time rather than making short term trades because the profit lie of holding. If an investor uses a lump sum for the first time, there is a high probability that he may sell off when he start seeing price reversals.

[Mr. Magkaisa]

For me i will do trading as a part Time job simply because trading is not a kind of work that can get a stable income,it is a big difference from doing your job because stable job has also a stable income and we can accurately support our family than doing trading which is no assurance of earning everyday, this is my own understanding about trading and doing regular job.

        -     For beginners, it is really advisable that they should only do crypto trading part-time, and at the same time they should also learn little by little. This is really what they should do as a start, and then decide to do it full-time when they have maintained a large profit from trading and have exceeded the amount
they are paid at work.

What others do because of their excessive hype is that they immediately quit their regular jobs in which is a very wrong decision move in reality. It would be okay if there was someone to back them up who was supportive of the decision they would make in crypto trading.

[sampoerna]

For me i will do trading as a part Time job simply because trading is not a kind of work that can get a stable income,it is a big difference from doing your job because stable job has also a stable income and we can accurately support our family than doing trading which is no assurance of earning everyday, this is my own understanding about trading and doing regular job.

Actually, if you want to take trading seriously with its various risks and also use it as a full-time job, it is very possible. I have several friends or acquaintances who also do it, trading as their full-time job. and the results are really very tempting, far compared to my income from a full-time job working in a real job and also + the results of this crypto.

However, what I see from them is, their efforts in trading are extraordinary. Yes, as we know, the risk of trading is very high, right? and it is also a very complex thing. I have even tried to do day trading but couldn't. it is really full of pressure, both mentally, emotionally, funds, and also time and energy. Moreover, they usually do trading at night - morning hours. so their rest or sleep time is really the opposite of ours.

once again, high risks, high returns, depends on what we are trying and willing to take the risks. if I personally also choose to do short term trading only besides long term holding investment. so, the risk is not that stressful.