It is true that some people have become rich through crypto trading in the recent times. But considering the high risk involved in trading, do you think it's proper/wise to trade with borrowed funds as your capital irrespective of your trading experience?
We should not make the mistake of trading with borrowed funds. It does not make any sense and if we eventually make loses it will affects our mentality to the level of us not getting ourself and continuing. I have a friend that was once a traders .
He uses people's money to trade and do give them percentage for that but it get to a time when the profits was not coming like that so he faced bankruptcy and there was nothing he could do. He had to run away with people's fund including my own fund too.
The. I learnt from the hard way never to trust anyone with my money because the market can change pattern any single time.
On the time that you do know that you are trading up with borrowed funds then it cant really be that avoided for you to make yourself get stressed and wont really be that
confident because you would be having in mind that you should really be trading it well so that you could make profits which is really bad.You do make yourself that
desperate and its not a good behavior as a trader on which this would result on making yourself in a hurry which would cause lots of errors and mistakes.
As much as possible it would be good if you do trade on funds which arent loaned or borrowed.