Post
Topic
Board Trading Discussion
Re: Is it okay to trade without a source of income?
by
Ricardo11
on 24/08/2025, 20:47:03 UTC
No matter how experienced you might be i wouldn't advice you to quit your job to be a full time trader...trading has it's ups and downs, this is something that's inveitable , you must always be mentally prepared for it as a trader..like you said, it is not always possible to predict the market. Your job is to your backup should incase you end up blowing your trading account, don't put your eggs in one basket

It is not even the best advice. The only thing that I feel can happen is to have a selected time to trade, but going to the extent of quitting their job because of trading is not even worth it because there is always enough time to trade, and people need to learn time management if they are having issues trading. And what people don't understand is that people need to know that when it comes to trading, predicting the market is not even enough because even with the market prediction you can still lose your money, so you need both the job and the trading together. Only when you have gotten millions can you quit if you want.
I would never advocate quitting your job for trading, a job that will definitely pay you money at a certain time.
But in trading, you will sometimes succeed and sometimes you will face big losses, so such things should never be considered as a permanent source of income.
No matter how skilled you are, you will also face losses at times, there will always be risks and without the right strategy, losses are inevitable, so the safest way is to keep your job and continue trading side by side.