A short YouTube video by Kardec Trader (uploaded May 8, 2023) delivering direct risk-warning advice to traders: financial markets are extremely risky, and viewers should only trade with money they can afford to lose. The speaker emphasizes that trading with borrowed funds or money reserved for essentials (e.g., rent) puts traders at a severe disadvantage.
Make sure the money you guys used to trade with is money that is yours, money that you can afford to lose. The reason being is the financial markets are extremely, extremely risky. And I will be the first to tell you guys, like, it is risky. It is hard. I know a lot of people kind of make trading so easy. It's like a walk in the park, you go trade on the beach. That is not the case. It's extremely risky, and your capital will be at risk. So if you are using any sorts of money, be it a hundred dollars or ten thousand dollars, please make sure that you guys are in a position to lose that money. Because I see so many traders borrow money or use money that is, you know, for something else, for rent or whatever the case is, and they put themselves at such a disadvantage by trading with that capital.
