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.
This is best known to everyone as a trader who wants to be successful and earn a lot of money. Trading must not rely only on trading because it is bad to take trading as only a source of income. trading can reck you in a short period of time, so it is better if you have another source of income that can suppose your trading for the fact that sometimes you may lose money in trading and won’t get another money to solve financial problems, but if you have another source of income, it won’t be an issue since you will just use your main job to solve your financial problems.
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.
Fact. This is the truth because having multiple sources of income will make you trade with caution and try your best to manage every situation in the market, but without a job, a trader will definitely find it difficult to manage his or her