One of the most important lessons I have realized with trading is : Don’t ever live above your means.
A lot of people have goals of quitting their job when they make it to trading and while that should be a goal, make sure you have a second or third stream of income somewhere.
There is going to be some weeks where the market is trash and you don’t want your lifestyle indicative of what the market presents to you. You want it indicative of all your streams of income.
Trading can be your biggest stream and to be honest, it should be one of your top 3 streams of income but don’t turn down other streams that can add extra to your life.
There’s nothing wrong with adding an extra stream as long as it doesn’t bring stress on your life.
Be smart with your money. Just because you made good profit one month doesn’t mean you will make half of that, the next. And because you broke even this month, doesn’t mean next month you won;t make enough to pay your bills for the year.
Trading is a game. Play it correctly.