Post
Topic
Board Trading Discussion
Re: Is it okay to trade without a source of income?
by
GideonGono
on 27/02/2025, 13:46:38 UTC
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.
Base on your previous experience you lost it all in trading, and you still want to continue? you even have the courage to take a loan even though you don't have a source of income? are you digging your own grave here?
How about your expenses how would you cover it if you would only relay on your trading skills?
You're friend isn't wrong to suggest on finding a source of income first before jumping back into trading.