Quote from: GideonGono on Today at 01:46:38 PM

Quote from: Gost ms on February 12, 2025, 03:07:29 PM

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.

When it comes to failure, what is required most is the audacity to get back on your feet as well as the need to advance wiser. That is why is it possible to make decisions based on previous experiences without necessarily being paralysed by fear. Indeed, the decision to continue trading is correct, although effective this, constant availability of funds, in particular, to make a decision, will guarantee peace of mind. In this way, we are not only relying on hope, but we haveller ground which gives us implicit backing. If your plan is to go for trading then developing skills, enhancing the strategies and the manner in which risks are handled should be effective. More time would mean that more preparations are made, which will come in handy in enabling one to achieve the set goals and objectives of the journey.