Many people quit their jobs hoping to make a living through trading, but do you know? Most people can't even get through the three basic tests; their accounts are wiped out in a few months, and they end up having to obediently go back to work.



Today, I want to talk about why full-time trading is so prone to failure. Frankly, it all comes down to three areas: not figuring out how to achieve consistent profitability, having no respect for risk, and losing your mind at the slightest market fluctuation.

Full-time trading is not something to be played around with; it is a profession with thresholds and rules. To do well, you must master these three things—none can be overlooked.

**First, cash flow must be secured.**

Before you decide to quit your job, you should have at least one year's living expenses in hand. Trading is never a game where you make money every day; most profits come in phases.

If you're still burdened with rent, utilities, and food expenses while trading, you're not really trading—you’re gambling with your own life as the stake. When your mind is chaotic, your decisions will be chaotic too, and even trades that could make money might blow up on you.

**Second, you must strictly control your position size.**

Full-time traders are glued to the market 24/7. If you can't manage your positions well, liquidation is just the most direct result, and your entire life rhythm will be disrupted. You’ll sleep poorly, eat badly, and become irritable.

What is true skill? Knowing when to go flat and rest. Don’t always worry about missing out on a move; what you should fear is leaving your capital—your "life"—in the market. Sometimes, closing out positions takes more courage than holding on stubbornly.

**Finally, your mindset must be trained to be cold-blooded.**

Part-time traders have a safety net of a salary; full-time traders’ accounts are their only lifeline. One big liquidation, and half a year’s effort could be wasted.

You must learn to be ruthless—know when to wait, when to endure, when to cut positions, and when to run. In the crypto world, soft-hearted people don’t last long. Those emotionally driven decisions end up as bloody lessons.

Someone asked me, is full-time trading really free?

I ask back: what do you think true freedom is?

It’s not sleeping in every day, but having an account that grows steadily, being able to support yourself and your family with peace of mind, without worrying about next month’s expenses. That’s true freedom.

Treat trading as a career, and you might be able to make a living from it; if you treat it as gambling, the market will eventually wipe you out completely.

Having experienced the storms of the crypto world, I now hold a steady rhythm in my hands. This boat has always been here—whether you get on board is entirely your choice.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)