This psychology hack helped me become a profitable trader
This psychology hack helped me become a profitable trader
As a trader, it’s not good to rely solely on trading as your only source of income. Why? Depending solely on trading puts immense pressure on you to meet monthly bills. The consequence? You may find yourself taking unnecessary and low-quality trades.
However, when you have another or multiple other sources of income alongside trading, you can stay relaxed and have the mental comfort needed to make quality decisions. For example, you can be a trader and be a Bitcoin miner.
Do you have another trading psychology tip to share with me?
Even if you are a pro trader you will be required to earn every day otherwise the monthly bills and needs will not be met so it is important that trading is not made the main source of income after all trading is full of risks so losses can never be avoided even if you will profit several times.
I will not leave my main job because it is more important for financial stability every month that is obtained for the needs of the household, but when you make a profit in trading or investing then this can be an addition where you will have a lot of reserve funds so that this fund is no longer collecting from your monthly salary.
The day job comes first.
Trading comes second but when you have different options then it is your decision.