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?
Making trading as your main source of income then it would really be creating such kind of pressure towards yourself on which you would really be having that kind of approach on which you would really be needing to be profitable since you are heavily relying with it and this is something which it isn't really that good and could give out such pressure and desperation on which could cause or making bad trades due on being rushed and in a hurry making profits.There would be no pressure if you don't fully rely on it .
When you do have a day job then it is really just that right that you do make trading as a side income or having that extra so that
You won't really be that fully relying on it.This is why it would be important that you do really put up yourself on desperate condition specially if you are really that making trading as your main source on which it's never been easy.