In a recent X (previously known as Twitter) post, the well-known cryptocurrency analyst ionicXBT cautioned his extensive follower base against treating crypto trading as a regular job.
“Here’s why: Trading is a Business. When trading, you don’t get paid for time. You get paid for: – Trading decisions you make – The actions and processes you follow – How well you manage your risk – How well you maintain emotional control.”
He stressed that approaching trading with a job mentality is a mistake. He encouraged his followers to focus more on honing their skills rather than increasing their trading time. Additionally, he highlighted the absence of a guaranteed income or overtime pay in crypto trading, pointing out that the onus of making profits or facing losses lies entirely with the investor.