Post
Topic
Board Trading Discussion
Re: Is it okay to trade without a source of income?
by
Barikui1
on 26/03/2025, 07:37:52 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.
You not being able to control your emotions in this 13-15 months that you have been practicing shows one thing that you are trading with an amount you can't afford to lose, and to be honest with you here, the best possible way to control your emotions is by trading with an amount of money you can afford to lose, so that if the market is going against you, you wouldn't be making emotional decisions.

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Then I plan to take a loan from my friend to deposit in trading again.
I normally call this a financial suicide because it's the fastest way to get wreck.

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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.
Then as for this, it's not a bad idea, you need to acquire more understanding in how trading works and how to navigate your way around it before venturing into it, so your friend is not wrong, but regardless of anything the final decision rely in you, because it's your decision to make.