Quote from: Akbarkoe on November 25, 2024, 02:29:44 PM

Quote from: FortuneFollower on November 25, 2024, 02:18:32 PM

Quote from: ibuddy122505 on July 06, 2024, 03:00:41 PM

With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

Agree with you on the points made - trading can be nervous as hell if you are not sure how you would be living your next day.
So, in order to avoid such a situation entirely - it is better to come up stocked for what can happen on the market.

I admit that silent in the fluctuating market will be very tense, it will still depend on how you take the position in the market, then the use of money and portfolio governance is also the time and analysis that is made, usually what I learn why we can stress a trade Because we do not have good mentality and knowledge in running a trade so that when there is a decline it will result in panic into us which makes us close the position so that it can be large loss.

And trading can be used as the main job in my opinion, with a note that has a good win rate in trade, which proves that you do not need other jobs, just by doing trade you can get abundant wealth, and the term unemployment is not there for people who can make money.

For trading to become the main source of income for someone- indeed, a good ratio is needed.
And I would say that a person would be safer if he had a backup plan of sorts - let's face it, sometimes things don't go the way we want them to.
Especially on the volatile markets like we have today due to the Bull knocking.