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.
I will start by saying that if you consider yourself semi-skilled trader, then you got the answer right there already.
Getting into loans and trying to flip that money into more to pay the loan off and have some profits on the side is gonna put a lot of pressure to you my friend, unless the loan can be paid over a long period of time.
You don't want to rush into it.
For making sure you're not giving away your profits or getting into huge losses, start using stop losses or at least manual stop loss, close the trade in a loss and find another opportunity. Sometimes this is the best decision.
However, trading while you are busy working in another industry, is going to be tough.
You're competing with someone who is full time trading, meanwhile you're focusing on catching 2 rabbits, there are people who will try catching only 1. And what I mean is by not doing 10 jobs at the same time but do 1 in a proper way.
So if you are struggling now with funds to start trading, get into demo trading prove yourself that it's worth putting money down and start saving money for your journey! Don't get into loans, it might end up really bad and if it does, it will mess things up over a long period of time.. You need to pay it back then make more to start it again..