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.
It is very risky to enter into trading without a stable source of income. Trading is risky in itself but if you do not have a stable income and cannot control your emotions then trading can be very bad in the future. Trading with a loan from someone is a really bad habit. Because there is no guarantee that you will be able to profit from trading today by borrowing from someone. Almost everyone has faced huge losses by trading with a loan.
It is better to trade with the amount of money that you think you do not need. For example, if you earn $ 100 per month and have $ 10 after excluding all your personal expenses, family expenses, try trading with $ 10 .