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?
When you are just new to trading then it would really be that recommended that you should really be treating this thing to be some sort of sideline and not would really be that something should
be considered as your main source of income on which we know that it would really be something that impossible and not something that could really be achieved in a short period of time.
This is why on the time that you would really be deciding on making some trading then you shouldnt really be hurrying up yourself on being that profitable on which same as said that it would really be bringing out that kind of desperation on which it would really be causing up for you to make those hurry up trades or something that will really be that out of analysis.
On the moment that you do have that kind of mindset on which you are really that trying out to force on being profitable then sooner or later you would really be able to find out
on how hard on trying out to achieve such thing. It does takes time and tons of effort and tons of failure before you could be able to reach out such thing.