Post
Topic
Board Trading Discussion
Re: Is it okay to trade without a source of income?
by
Fivestar4everMVP
on 19/05/2025, 11:53:39 UTC
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.
What your friend adviced you is very true and you need to accept it, first of all...

Never borrow money to invest in crypto currency, and also never borrow money to invest in trading, this is even worst than boorrowing to invest in crypto, this is highly risky..

And even though trading can become a good source of income, you still have to train yourself in it and become very good, and to achieve this, you need money and time, so if you don't have any source of income at this very moment, you have to get one, start of a business or get employed in a job and raise money from there, this money can help you to stay focus in trading until you become very good with it.

You have to take things easy with your self, give time to learning and trust me, in the end, you will be happy with yourself, your friends advice is very good I must say.