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?
Ypur trading psychology is good as it'll help you to not always be under pressure to keep trading or over exceed your limit just to make it possible to be in profits as you don't have other sources of income to provide for your needs. If you have only trading as your source of income, you can never be trading with a disciplined mindset. All you'll be concerned about are how you can make profits and when it doesn't come successfully, you'll get disappointed and it can lead to something worst.
Addiction is the result that you'll get when you're always disappointed, you wouldn't want to accept the reality that you aren't making profit by thinking if you continue to trade that you can get better and make profits and while you're doing that, you're still losing money. My psychology is to only trade nothing more than 25% of my income after taxes.