Quitting my 9-5 in 2018 was the best thing i could of ever done, i was bored of the corporate lifestyle, people above me thinking they are a better human, people below me thinking im there to carry them. Getting out was such a relief and this was at the previous bitcoin bottom around $3ks.
Before you make the leap you need to really evaluate your lifestyle and decide whats a necessity and what isn't; clearly roof over the head, food and internet connectivity is a must so this should define your minimum yield.
You will then need to define your possible loss factors, not every trader is 75% profitable and you need good risk management and know when to step away on a bad day. I've stated 5 trades that allow for 2 loss and 3 wins per day to make my >$50 margin.
Lastly is your mentality; your character will define if this works for you or not. If you believe that cause you caught a $500 pump that you can have a week off, or increase your leverage then you will most likely fail. the drive to have time off or increase winnings quicker means you will most likely end up stressed playing catch up or open yourself for bigger loss as the chips stack. By all means earning more should always be the target but chasing winnings (or loss) can make the task stressful, you should aim for steady and consistent wins and always remember the plan = >$50, 3x lev and no more than 5 trades per day.
Im not dishing out life advice nor financial advice but sometimes the deep end is where you discover where your true grit and determination is. #LongLife
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