A short YouTube monologue by Kardec Trader advising that trading should not be your only income source. The speaker recommends having alternative income streams and keeping a cash buffer (roughly six months to a year of living expenses) so trading pressure is reduced; if trading is the primary income, avoid trading during extended losing periods and draw on savings instead.
When you don't have other sources of income, the pressure that your trading has is enormous. I felt that when I was just trading. I felt that when I had jobs and I wasn't trading. And, you know, combination of all, my biggest thing was just make sure there's other places where you have money coming in and trading is not your primary source. And if trading is your primary source, make sure you have like six months, a year worth of savings that are able to support your monthly overhead. You're like, hey, if I don't make money from the market for five months, I don't put on trades. I have money I can tap into.
