Good day everyone on this beautiful forum.
We all know how trading can be for everyone , everyone is there to make profits (money) , but the fact some people can go to length in using all they've ever had to trade is mesmerizing!.
Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.
I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.
So my advice to people who hurrily invest and use all the have is that the market is never running away.
Do not stake your all! Be patient follow guidelines, learn how to trade safely , thank you!
Now this is one take of yours that I can stand behind. A lot of people assume that just because you'd trade, you'd earn money, and in that regard, they'd put in as much money as they could possibly muster thinking that they'd be able to earn it threefold or more anyway, not knowing that trading at its core is a nuanced venture, and not every attempt at trading would result to a profit. So what should a responsible trader do? Pretty simple, just set risk appetites and budgets for yourself, that you would have to follow religiously.
Soon as you're able to do this, you'd be able to trade without the worry of losing out on so much, and furthermore, you'd still be able to eat and do whatever the fuck you want without having to adjust for allocating a part of your budget to trading.
Also, this goes without saying, but when you gamble, you also have to make sure that you diversify your assets in the best way you could.