At the beginning I want to say that I am a semi-skilled trader. I do not have any source of income. I have been learning trading for the past 13 to 15 months and investing for 5 months. But even though I am temporarily profitable from here, I am completely losing because I cannot control my emotions. This is repeating itself with me again and again. Even yesterday I lost my capital along with my profit.
Then I plan to take a loan from my friend to deposit in trading again. When I asked him for financial help to deposit in trading, he advised me to find a source of income before entering trading again and advised me to refrain from trading recently and introduced me to this forum so that I can gain deep knowledge about trading. He even advised me to gain deep knowledge about Bitcoin investment so that after finding a source of income I can easily invest in Bitcoin. Should I accept such advice? Or should I go back to trading anyway? I am seeking proper advice from experienced people.
First of all you don't need to take a loan from your friend to deposit in your trading account, because definitely now or later you will loss it all. Having a source of income is essential for your profitability is trading. You need to first of all get a source of income as your friend advise. Seek for more knowledge in trading, development your self emotional and psychology. Set a realistic trading goals and plan for yourself. Sometime why you are lossing your profit back is because of overtrading. Journals all your trading activities and backtesting it properly.