As a trader, it's not good to rely solely on trading as your only source of income. Why? Depending solely on trading puts immense pressure on you to meet monthly bills. The consequence? You may find yourself taking unnecessary and low-quality trades.
However, when you have another or multiple other sources of income alongside trading, you can stay relaxed and have the mental comfort needed to make quality decisions. For example, you can be a trader and be a Bitcoin miner.
Do you have another trading psychology tip to share with me?
The key on here is that you shouldnt really be trading on the amount on which you cant afford to lose and just like on what you had said that on the moment that you would really be persevering on making it as your main source of income then it would really be giving out that kind of desperation on which you would really be that prioritizing on how you would really be able to make out those profits or money that you can be able to do with your trades on which this is really that something very wrong. This is why on the moment that you would really be finding out and realize for yourself on what are the things that you do mainly needed then
you would really be that immediately be doing on what are those things that you would really be gonna be able to do or wants to do without pressuring yourself on making profits since you've been wary on the situation.