When most traders start trading they still need to have a source of income
while they are learning how to trade. They may use retirement income, full
time job income, etc while they learn.
The important thing is to have your basic needs taken care of while you are
learning to trade. Do not take your food money or house payment money
to trade with.
One of the most detrimental situations is to need to live off the profits of your
trading when you are first learning. This puts extra pressure on you so your
emotions get out of control and you lose good trading judgment.
Suggestion:Â Have a steady income, an educational path to follow, and a time
frame to reach your goals.
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