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.
Honestly trading without a stable income puts too much pressure on you emotionally and that’s probably making things worse, We have seen on social media many people burn out the same manner, Taking a break to create a source of income and study more deeply could help you come back stronger and more stable. It’s not quitting it’s just preparing better.
Just to think off sensibly or realistically on which you cant be able to trade up if you dont have the capital. So the main question on here is on where you would be getting up that capital? Of course it will be coming from your day job salary or some part of it, not unless if you do have other sources like inheritance or some savings on which you can make use of when trying out to get some capital. The only issue on here is that on the time that we do deal up with trading then we are that likely on losing up soo much money since we are just that still a noob. Its always been that better that you should be that wary about the probabilities or chances so that you do have the idea on what you should gonna do. Is it okay to trade without source of income? It will be just that up to you on how you would be doing it but pretty much sure that it will be that not easy because we do know that trading skills isnt something that you can learn in a short time and pretty much sure that you would be spending up some amounts and if you cant be able to sustain then you would be just that simply be stopping without even having the chance on learning it throughly since you dont have anymore capital for you to make use of. Somehow we do know that we can make use of the amount on which it isnt that big or simply you can start with demo if you are that really tight with budget or you dont have much money to make use of some capital. If you are just that trying out to go all in with real funds despite of being a complete noob then you are just that definitely putting up yourself at risks on busting up that huge amount. Is it okay to trade? As long you can sustain then you should be fine but for sure you will be able to feel out that shortage at the time that you cant be able to sustain anymore because you dont have that much capital left.