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 are new to trading, and you don’t have the knowledge of trading, and yet still you want to continue trading with this same mentality. Why not? You find a way to leave trading for now and then focus on developing your skills and emotions in trading before you even talk about how to get money to trade again, because if you think it is okay to continue, then definitely you will keep losing in trading because you can’t trade without being emotional, okay? This means you will be working with greed and think of taking every single opportunity, which will not favour you.
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.
What if we said you should invest and then later did not work as you wish? You can see that it will not define how you want. One thing I will advise you right now is that you should find a source of income before getting into crypto. Regardless of what you want to do, whether investment or trading, you need a source of income before you start. Don’t think of taking a loan to trade; your risk is going to be even higher than those who have the knowledge of trading.