Don’t invest your all!
Don’t invest your all!
Good day everyone on this beautiful forum.
We all know how trading can be for everyone , everyone is there to make profits (money) , but the fact some people can go to length in using all they’ve ever had to trade is mesmerizing!.
Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.
I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.
So my advice to people who hurrily invest and use all the have is that the market is never running away.
Do not stake your all! Be patient follow guidelines, learn how to trade safely , thank you!
Individuals would take loans to gamble have not been properly informed of the risk involved in trading; otherwise, if they were properly aware of the risk involved in trading, they would not attempt to make themselves indebted when their trading skill was not yet mature enough to give them the confidence that they could trade profitably to pay back the loans.
With good trading skills, it is very possible to flip a small trading account with a small deposit into something bigger. With poor trading skills, even if you invest a huge amount of money to trading, there is no guarantee of success.