Anyone trading crypto full-time?

Discussion in 'Crypto Assets' started by orbit23, Apr 12, 2020.

  1. orbit23

    orbit23

    So yeah wondering if anybody here is actively daytrading cryptos full-time?
     
    Onra likes this.
  2. Cuddles

    Cuddles

    no, tried it during the '17 rally but would've been better off holding.
     
    athlonmank8 likes this.
  3. JoeF

    JoeF

    I will soon start trading.

    Not sure what full time would mean as it is 24/7.

    It wouldn't be my main priority but I do think there is some opportunity.
     
  4. MKTrader

    MKTrader

    I seriously doubt it. There was that stage in the bull market where people who had never traded anything else were making 20-40% monthly...kind of like tech stocks in '99 with more leverage. I'm sure a few of them quit their jobs and tried full-time crypto trading until 2018 happened. But VERY few retail traders do it full-time profitably (despite what you read here), especially in the crypto markets. Most "full timers" do it temporarily (then go back to their day jobs) or are independently wealthy/trust-fund children who don't really rely on it for all of their living expenses. That's a myth spread by vendors and trading forums.
     

  5. Any one trading crypto full time would
    Be trading anything else full
    Time
     
    Cuddles likes this.
  6. TRS

    TRS

    Liquidity and manipulation issues aside who would want to cross the spread?
     
  7. There were plenty of opportunities for cross platform arb. I regret not getting into it but i'm a bit of a late bloomer.
     
  8. orbit23

    orbit23

    The opportunity in cryptos are insane and if you know what you are doing you can make insanely good trades, so i'm pretty sure there are people who do it full-time and are successful at it.

    I know it because i've been doing it myself full time for more than 2 years now, although my skill level might just not be up to par yet. I have figured out the technical aspects, but still need to work on the actual execution and mindset..... But that's why i'm looking to network if anyone else is doing it too, to share ideas etc...
     
    Cuddles likes this.
  9. Onra

    Onra

    What's your broker orbit23?
    I checked a lot, but all have some drawbacks: only CFD's or account in BTC...
     
  10. Cuddles

    Cuddles

    There's no difference in trading cryptos from equities except for more volatility. Risk of exchange blowing up or manipulation not withstanding
     
    #10     Apr 13, 2020