Quote from: Zadicar on June 23, 2024, 09:21:25 PM

Quote from: laubeaud on June 22, 2024, 04:43:22 PM

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.

There's no such thing about hacking your mind or whatsoever on which the main key on here is on how you do make yourself that be dealing up yourself towards the market with having
that kind of realistic approach and not someone whose really that being that too delusional and hopeful on making profits. If you are someone whose really that applying that risks management then this is something that will really be leading up with those non stressful trades. Yes, its risky but doesnt mean that you cant be able to make yourself that engaging with it without having those worries.

Well, aside on trading on the amount you can afford to lose, and having an effective risk management in trading, developing a solid trading plan and sticking to it is very vital to be a successful and profitable trader. Just focus on that and by continuous education and proper discipline, there will be bigger chances to end up trading profitably.