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You may have become one of the successful traders. You can get a lot of BTC with the results of your efforts so far. Maybe I have to learn a lot from you. Please for guidance. Honest I am not good at trading.

well, producing 12 bitcoin per month is a very extraordinary thing. when you can produce it normally every month, I don't think it's a problem to get out of your job. well, many people quit their jobs to make more money.

12btc per month is not easy if you are not a skilled trader and if you dont have a verry large amount of capital .

this is why its better if we dont permanenty quit our job because job is the only thing that can provide us a stable income .

you cant also make more money if you already quit your job . if you want to make more money , you will need to do multi tasking (ex. Working on your job at day time and do trade at night time )

I asked the same question
The answer was that trading is a job as well and to get the results you need to dedicate enough time.
I was almost killed by my losses, Mark gave me some advice.. I feel all the experience and I'm ready to work for it to achieve the same results. Hope I will

Yeap. I always tell that if you treat trading seriously, it gives more results. When I was quitting job I was aware of all the risks it brings. However, there were more benefits dur to experience. The more time you dedicate to trading, the more you study and analyse, the better youк balance becomes. As soon as I became a full-time trader, I dedicate much more time to it. Saw the results during the first week. What I sugest is to continue learning curve and pay a special attention to money and risk management.

By the way, what's up? How are your trades now?

Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades

Yes, I'm slightly recovering, thank you what you shared with me. The positions are still small, but I feel at least confident!
Thank you a lot. I hope to keep in touch with you/ Btw, Twitter is a good idea!

What did happen? Harsh loss?
It passed a week since I read this thread. And actually I was thinking to ask you to share any social media to watch your trades and other info. Cool

That was a common problem caused by margin trading. The losses are indeed harsh, but the recovery anyway is possible.
The best solution is to reduce the positions and then use only the instruments which you are absolutely confident in. Set harsh limits on risks and learn the position sizing.

By the way, recently heard that the founder of a Chinese crypto fund management firm called lost about 2,000 bitcoins in a 100x leveraged trading. Then he committed suicide.
Leverage isnt as simple as many portray it to be. Be careful

Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades

Comon it is insane... Feel terribly sorry for that Sad

Did you share the techniqies to recover the losses? Nice from your part. What are the general steps you are usually undertaking?

Some general stuff on the drawdown. Will dedicate one of my next posts to it