Crypto circles see new people every day, and also see people exit every day. The most common question heard is: Is it still worth doing trading full-time?
To be honest, there is no standard answer. But some realities are in front of us, and we must recognize them clearly.
**The market has already changed** The days of explosive growth in 2017 and 2021, where everyone could easily make money, are gone. Although there are still large fluctuations now, most of the time it’s just oscillating back and forth. Relying on a single big bullish candle to get rich? The probability is much lower than before.
**The cost of full-time trading is beyond imagination** Once trading is your only source of income, your mindset completely changes. You’re reluctant to exit after making profits, and even less willing to cut losses. The final result is often a mental breakdown followed by an account collapse. Every trade is tied to survival pressure, and no one can endure this for too long.
**Very few people can consistently make money** Don’t be fooled by those profit screenshot shares. Looking at the entire market, fewer than 5% of traders can make a living from trading long-term. These people not only have proven strategies but also strict discipline and, most importantly, strong psychological resilience. Most people simply can’t do it.
**Is there really no hope at all?** Not necessarily. As long as you meet these three conditions: sufficient capital—enough to cover 2-3 years of living expenses, so short-term losses won’t hurt; have your own profit system that can find rhythm in various market conditions; and maintain a good mindset, able to accept consecutive losses and stay rational.
If you can’t do it? Then don’t rush into full-time trading. Start by treating trading as a side job, gradually increasing your principal and deepening your experience. When everything matures, going full-time is not too late at all.
Instead of worrying about quitting or not quitting, let your account and mindset decide this.
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.
Crypto circles see new people every day, and also see people exit every day. The most common question heard is: Is it still worth doing trading full-time?
To be honest, there is no standard answer. But some realities are in front of us, and we must recognize them clearly.
**The market has already changed**
The days of explosive growth in 2017 and 2021, where everyone could easily make money, are gone. Although there are still large fluctuations now, most of the time it’s just oscillating back and forth. Relying on a single big bullish candle to get rich? The probability is much lower than before.
**The cost of full-time trading is beyond imagination**
Once trading is your only source of income, your mindset completely changes. You’re reluctant to exit after making profits, and even less willing to cut losses. The final result is often a mental breakdown followed by an account collapse. Every trade is tied to survival pressure, and no one can endure this for too long.
**Very few people can consistently make money**
Don’t be fooled by those profit screenshot shares. Looking at the entire market, fewer than 5% of traders can make a living from trading long-term. These people not only have proven strategies but also strict discipline and, most importantly, strong psychological resilience. Most people simply can’t do it.
**Is there really no hope at all?**
Not necessarily. As long as you meet these three conditions: sufficient capital—enough to cover 2-3 years of living expenses, so short-term losses won’t hurt; have your own profit system that can find rhythm in various market conditions; and maintain a good mindset, able to accept consecutive losses and stay rational.
If you can’t do it? Then don’t rush into full-time trading. Start by treating trading as a side job, gradually increasing your principal and deepening your experience. When everything matures, going full-time is not too late at all.
Instead of worrying about quitting or not quitting, let your account and mindset decide this.