The Crypto Lifestyle: How Full-Time Traders Live

Most of the time, people did not even understand how the lifestyle of full time traders is. I have been in that shoe and I can say several times, it can really be tedious most of the time. A lot of crypto traders will dedicate all their daily hours spending it on charts, analysing things that needs to be checked so that they can make a profitable trading strategy. The truth is, everyone always desire to be a full time crypto trader but the reality of things is, it is not easy as many of us always think. It comes with so much freedom but at the same time discipline and pressure.

Take for example, for every crypto trader, they always have this fixed daily routine and that is spending quality time on the market checking that which needs to be checked. For discipline full time traders, they have hours they trade and hours they attend to other aspect of their life as needs be. If you are a full time trader, they will first of all wake up to check the market circles, read news and even go through the social media like Twitter. Why they are doing all of this is to carry out the fundamental analysis on the market charts as that will determine the direction they will go in the market for today.

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The freedom I am talking about is one of their major strengths as a crypto trader which everyone admire about. Full time traders work from home as far as they have access to their laptop, their internet connection and the broker or exchange they used to trade, they are good to go. That is a freedom a lot of people want. The fact that you can decide when to trade and when not to trade is something that is actually worth admiring. But actually, this freedom also have side effects. You must always have a good internet connection and that's why most of the time, a lot of them always get Wi-fi. Not only that, you must also deny yourself some sleep even though you are working from home.

The last lifestyle is every full time trader must have strong emotional discipline because the crypto market can really be volatile sometimes. You must be prepared for the market. There are times the market will definitely test your confidence and there are times the market will stretch your emotional confidence. Sometimes, a full time trader must learn how to manage stress and must not partake in panic selling or even participating in fomo. These are some of the things that every full time traders also follow which most of the time, we did not pay attention to actually.