Over the past 3 months, I’ve had my highest crypto trading volume of the year, but it’s also been the least profitable time I’ve had in two years. Even my newsletter subscribers have noticed the difference, so I’ve decided to go back to full-time work and just trade on the side. This really proves that trading as a side gig works better until you have mid-6 or 7 figures in capital.
I’ve been swing trading and sometimes day trading for a few years, mostly while working full-time (I’m a scientist, but finance and crypto are my true interests). In May 2024, I graduated from grad school and started making more money trading than I would have from any job offer, so I stopped job hunting and became a full-time trader. Since then, I’ve lost 40% of my account, which is a lot considering I never lost more than 20% month-to-month while part-time trading in the last five years.
I realized that having something else to focus on during the day helps me step back and spot better trading opportunities instead of constantly staring at the screen. I’ll be going back to full-time work in October to regain my focus and stick to part-time trading. Has anyone else had a similar experience? Which works better for you?