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.
Taking loans for trading and gambling is the same thing. Basically, you are gambling when you are out of control. If you cannot control your emotions, you will end up losing your money. How confident are you in your skills that you want to take a loan? Are you sure that you won't lose the money that you are taking as a loan? What if you end up losing that money as well? How would you repay the amount without having an income source?
I have a kind of stable income as of now, yet I do not trade because I feel like I am not an expert enough to risk my money on trading. You should have a job or develop some skills that will help you earn money. Only then can you decide if you want to trade or not.