Post
Topic
Board Trading Discussion
Re: How to Become a Professional Day Trader
by
Savemore
on 09/04/2020, 00:37:53 UTC
    I think very few people give up a full time job to handle and survive from crypto transactions. To become a trader it is very important to have some money to survive for a period of time until you start making a profit. Trading is very complex and requires many years of experience to process all the information that will make you a good trader.
Giving up a full-time job for a job that has no assurance isn't practical but it works with a large risk in it. It's hard to support a day trader if there is no capital you can use when you lose a trade. I think it is better as a side job for a full-time workers or some people that don't want to sacrifice any responsibilities. I know some people who become a full-time trader and they know the risk of quitting their job. They gain months after and until now they still continue their daily trades. It's full of risk but the returns are quite amazing.
For those who want to be full time trader and want to do leave their job, don't do it unless you have any other sources of income. You will be pressured to make monwy in trading especially if you quitted to your job and you do not any sources of income anymore. If you become pressured to make money then there will be a greed that you will feel and you will start trading without prior experience and knowledge that can lead to losses.