Bitcoin / TetherUSEducation
Don’t quit your job, yet
Let me share with you a true story. Han (not his real name) just started trading the Crypto market. He funded his account and made a $1,000 profit after a few trades. So he thought to himself “If I can make $1,000 trading part-time, then I’ll make even more money trading full-time.”
So, John quit his job to trade full-time. The first few days were good as he was making consistent profits from the markets. Then the market changed and the losses crept in.
Eventually, he gave back all his profits and bust his account. Now, he’s back in the job market looking for work. So, what’s the lesson?
Don’t quit your job, yet. Just because you’ve made some money from the financial markets doesn’t mean you can do it full-time, it might be beginner’s luck. Also, full-time trading requires a different mindset, account size, expectations, consistency, a lot of patience, etc.
So, John quit his job to trade full-time. The first few days were good as he was making consistent profits from the markets. Then the market changed and the losses crept in.
Eventually, he gave back all his profits and bust his account. Now, he’s back in the job market looking for work. So, what’s the lesson?
Don’t quit your job, yet. Just because you’ve made some money from the financial markets doesn’t mean you can do it full-time, it might be beginner’s luck. Also, full-time trading requires a different mindset, account size, expectations, consistency, a lot of patience, etc.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.