Post
Topic
Board Trading Discussion
Re: Before Trading Bitcoin you should...
by
Natalim
on 09/06/2024, 21:57:17 UTC
Trading ought to be a passive activity which supports your main job. Trading without another source of income will put pressure on the trader to make wrong decisions.

True and this is very reasonable if we want to understand correctly what exactly is the main purpose of our trading compared to the main job, of course we need additional funds from the results of our main work if at any time needed, because it is not impossible that we sometimes forget to set SL and the price of the coin we trade continues to degrade. This condition comes if we are excited about trading in the coin, especially when we see the opportunity for the lowest price to automatically use the fresh funds.

Trading should only serve as a side hustle, not actually as a major source of income. That’s why quitting your main job and replace with trading, that will be a very risky move since not all traders end up making passive income.