Is it okay to trade without a source of income?
Is it okay to trade without a source of income?
I’ve been trading for 13-15 months and investing for 5 months. While I’ve had some success, I keep losing because I struggle to control my emotions. Just yesterday, I lost both my capital and my profits.
I’m thinking of borrowing money from a friend to trade again. When I asked him for help, he advised me to first find a stable source of income and suggested I take a break from trading. He also recommended I learn more about trading and Bitcoin investment so that, once I have an income, I can invest more easily.
Should I follow his advice or go back to trading now? I’m looking for advice from experienced traders.
When you say that you have learned to trade for more than 1 year, i think you are experienced enough, feel the bitter sweetness of the market to survive until now, even if in the end you still experience losses, it’s okay, it doesn’t matter because it will shape you. Find the cause of your defeat, if you have found it immediately correct it, so that you do not repeat that mistake again in the future.