Post
Topic
Board Trading Discussion
Re: Is it okay to trade without a source of income?
by
Joeboy
on 05/06/2025, 07:19:03 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.
       Getting a loan, after experiencing a loss may be somewhat a wrong move, see ehn the market doesn't care if you are trading on a borrowed capital or last card. Trading is all about getting deeper and deeper understanding of the market, before taking any move. So for me I will advise that you first secure a stable source of income and then get more and more knowledge, and this forum can be a very good starting point coz there are a lot of informations flying around here, and when you position yourself very well you will be able to absorb some of this information, and as you know information is power.
        So like I said take your time, grow your knowledge, secure yourself a reliable source of income, and then you can trade again. With this you will trade with more confidence and lesser pressure. Don't be in a hurry, the market will always be there waiting for you, it not going anywhere at least not anytime soon.