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 have seen people sell their properties just because they want to trade, which doesn’t make sense, if you want to be a trader, then trade with what if you lose it’s not really going to affect it. When some people lose in trading, it does end up causing some health problems to them, and I have heard it before that a young guy committed suicide after losing everything he has to trading. If we want to be traders, make sure we use a small amount of money from our savings to trade, then with time, the account can be grown, maybe after making profits, we should have some percentage that we will withdraw from our profit.
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.
Since he has a source of income, in case he loses the money, then he will be able to pay it back because it’s going to be withdrawn from his salary, but some people who do crazy things like taking loans don’t even have any means of paying back the loan even if they lose the money.