Don't Go Full-Time Trading If You're Broke, Here's Why.

[tbterryboy]

Once you have decided to dive in into trading doesnt matter which market you would be dealing on, just make it sure that this isnt something that your last resort. Lets say you have lost your job and now you've chosen trading to be your option for you to survive on which this wont be able to be possible in a short time period. Establishing your skills and become consistent or profitable is something that you wont be able to learn in a short term period on which means that if you dont have a job nor having no money that much then it would be a bad option. Always be best that you should look for a job, allocating some amount for you to trade and then making it some side income or side job on which you would be able to find out whether you are that doing fine or not. Always be considerate about on the risks factor because this has always been the recommended approach.

This is where we are going to end up with having trouble if we lack the capital. Because in the end trading requires capital, you will run out first time you make a mistake and you won't be able to continue. So, if you really want to be full time trader then you would need a big capital.

Moreover, even if you had a billion dollars let alone a smaller number, if you are a terrible trader then you are going to lose it all, so if you want to be full time then you need to learn and be good part time first.

[Powerjumboo]

Not just full-time trading, but one should not trade at all if they have no money or if they can not afford to lose the money they are going to use. This includes borrowing money or getting loans to trade. It will massively affect one's emotional aspect of trading and that will be the beginning of a big mess.

Yes, you are absolutely right, I completely agree with you because trading is a very risky platform, there is a guarantee that you will lose money here, but there is no guarantee that you will make money. For this, you have to use such money on the trading platform that if you lose money, there is no regret. Moreover, you can never use money on a trading platform by borrowing money, if you use money on borrowing, then a person will be more in debt.

[Big Dirams]

Not just full-time trading, but one should not trade at all if they have no money or if they can not afford to lose the money they are going to use. This includes borrowing money or getting loans to trade. It will massively affect one's emotional aspect of trading and that will be the beginning of a big mess.

Yes, you are absolutely right, I completely agree with you because trading is a very risky platform, there is a guarantee that you will lose money here, but there is no guarantee that you will make money. For this, you have to use such money on the trading platform that if you lose money, there is no regret. Moreover, you can never use money on a trading platform by borrowing money, if you use money on borrowing, then a person will be more in debt.

Trading is very risky and can be so difficult when we do not have the right knowledge but when we have the right knowledge and have the right skills and tools then we would enjoy our trading journey and make successful trades in the market. 
 In trading one should understand and accept that loss is inevitable because no matter how knowledgeable we might become in trading or how huge our trading knowledge and understanding might be we can not escape loss but instead we can just reduce our loss and risk. The earlier a trader gets this point the better such trader enjoys the journey. 

 As a trader we know that profits isn’t guaranteed so let avoid taking loans or borrowing funds to start our journey instead we should stake up our money and go into the market with what we can afford to loss.

[ASloveapg]

Not just full-time trading, but one should not trade at all if they have no money or if they can not afford to lose the money they are going to use. This includes borrowing money or getting loans to trade. It will massively affect one's emotional aspect of trading and that will be the beginning of a big mess.

Yes, you are absolutely right, I completely agree with you because trading is a very risky platform, there is a guarantee that you will lose money here, but there is no guarantee that you will make money. For this, you have to use such money on the trading platform that if you lose money, there is no regret. Moreover, you can never use money on a trading platform by borrowing money, if you use money on borrowing, then a person will be more in debt.

The Bitcoin market is very volatile and it is not possible to say for sure when the price will fall and when it will increase. In trading, it is difficult to have a guaranteed chance of making a profit. And the possibility of loss is higher than profit. Therefore, if someone uses the money for their basic needs to trade and loses, it will have a negative impact on their lifestyle. Therefore, one should be careful about this and of course, apart from basic expenses, one should trade with the money that we have the ability to lose. In addition, many people trade with loans, which is very risky. If such activities are lost, it increases the burden of debt, frustration and anxiety. Therefore, financial security should be given utmost importance. And one should take risks as much as one can afford.

[vanesha]

Expectations are indeed one of the main enemies of traders. Excessive expectations make us fantasize—usually about becoming wealthy through trading—which often leads to heavy losses in one or two trades afterward. These expectations also fuel ambition within us, pushing us to get rich quickly without fully understanding the risks. Often, we ignore the warning signs and break through them recklessly, which eventually leads to regret because of our own choices.

[Muba20]

Expectations are indeed one of the main enemies of traders. Excessive expectations make us fantasize—usually about becoming wealthy through trading—which often leads to heavy losses in one or two trades afterward. These expectations also fuel ambition within us, pushing us to get rich quickly without fully understanding the risks. Often, we ignore the warning signs and break through them recklessly, which eventually leads to regret because of our own choices.

In fact, expectations are never the enemy. Everyone has expectations to make a profit. If it is an unrealistic and uncontrolled expectation, then it becomes full of risk. Everyone has their own goals and expectations in both trading and investing. When someone has limited expectations by understanding their own risk capacity and market conditions, they can make rational decisions. Decisions become irrational only when they ignore the market conditions, their own financial capacity and risk capacity, when someone only thinks about getting rich quick. Most of the time, the cause of loss is excessive greed which is due to lack of control and proper planning. Therefore, being uncontrolled and unrealistic expectations are the cause of loss in trading.

[Josefjix]

Expectations are indeed one of the main enemies of traders. Excessive expectations make us fantasize—usually about becoming wealthy through trading—which often leads to heavy losses in one or two trades afterward. These expectations also fuel ambition within us, pushing us to get rich quickly without fully understanding the risks. Often, we ignore the warning signs and break through them recklessly, which eventually leads to regret because of our own choices.

What gives me more joy too is because of who we really are, and how people had been fighting to come close to you even when trading ability isn't at its highest peak, the more risk is taken the more the opportunity is opened and who ever wants to gain more should prioritize self satisfaction and discipline lifestyle.

I know what it feels to be more focused and still end up not having any evidence, it may be because of lack of luck im trading, and sometimes distractions is close to such trader.