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I have noticed that people are advised  to gamble with 2% of their income while some said the advised amount to be used for gambling should not be more than 1% of their income.

Trading is not gambling but it is very risky also because most traders are also losing. But with small right strategies and patience, losses can be minimized while profit can be achieved. People think the right strategies starts with the percentage of money used for trading from their income

What percentage of someone's income do you think is advised to be used for trading?

This is said to prevent people from the dangers of addiction, we all know that those that abide by that rule is also not more than 1% of those that hear it.

Yes, they are different, and they also share a similarity of being risky, and not to forget, before you can really be able to minimize risks and achieve considerable profit in trading, a good skill and experience in it should be achieved, else your losses would be great

It is wrong, percentage of money used for trading has more to do with minimizing risk rather than strategy. When it comes to trading strategies, we have swift strategy, volatility Strategy, overnight strategy, day strategy, e.t.c.

less than 5% is fine, it is a risky activity and as such I would always approach it with what I can afford to loose.

There was a research I read in the past, some people have the experience but they are not disciplined enough but go against their strategies and continue to lose while trading. In the research, some people have been trading for 5 years but later stopped trading. Some people got married and stopped it because of their past experiences about it and they want to become a responsible husband and father. Some people will try their best but continue to lose.

It is very important for people to have a percentage they should use for trading and they should truly be able to afford to lose th money. There will be good days and bad days but emotions and panic will reduce with small amount of money used for trading.

I chose 1%, but I can go up to 10% if it is bitcoin.

If you don't have lots of money, you aren't going to make it from 2% of your money. Since 2017, I went all-in, I saved all of my earnings in Bitcoin, and only left a few dollars to eat food and pay the rent. I missed 2016's halving, I was unprepared for that and for BCH fork too, so I dug deep into information and learnt from my mistakes and my attempt succeeded.
Trading is also like gambling when you play with futures, long and short positions and when you trade with increased leverage, trading is also gambling when you invest in memecoins and shit altcoins. Trading is not gambling when you invest in Bitcoin and Ethereum. Buy Bitcoin, wait and you'll succeed. Sometimes sell, wait for the dip, buy again and then sell again at high price. Bitcoin is not a meme coin to suddenly spike or crash, it's going up in the long term.

We should differentiate between holding and trading. If you buy bitcoin and and hold it for a long period of time, that is not trading but holding. But some people can hold the coin for some weeks which can be regarded as swing trading which is also part of trading.

I agree with you even if you do not use leverage, liquidation is still possible with the shit coins.

Agree that the gambling percentage should be as small as possible because it is certain to lose... there are more losses than wins so many suggest a small percentage.

If in trading, for myself, the max percentage is 20% for trading because I know the big risk, so I don't want a large percentage, even though I have a good level of skill and good patience, it will pay off in terms of profit.

In trading depends on how we use leverage, the higher the higher the risk of loss...depends on how to manage the risk too.
But for me it is a little safer to trade on spot. ;D

Actually the 2% advice is good for my own opinion on that matter. Of course to avoid the so-called addiction. And it is also good that we can practice from the beginning limiting ourselves
in terms of the fund that we will enter into any casino platforms here in cryptocurrency.

But if your income is already ranging from 2000$ every month maybe 2% is a lot, it is better to just do 1% if that is the salary or income of the gambler.
This is just my own perspective and opinion so as not to lead to addiction.

I'm not sure but I think that will be less than 5%. But some traders can use more than 5% especially when they already lost in trading. They will not listen to their limitation because they want to recover from their loss.

They must concern about how good their skill in trading because that is the important thing they should have. If their skill is good enough to analyze the market, they can use more than 5% allocation money. But there is no certain percentage that we can advised to them because that will be depend on themselves.

There have not been a be verified article that states what percentage of Incomes people should use to gamble. Gambling is a choice and everyone has the right to choose their volume of risks and plans.
What should been foreseen in such speculation is basically reasonable gambling advise since a lot of players are getting lost of their self control.



The start for prospect traders begins at knowing the risks involved and how to manage them drastically while profits is the main goal.
Consider the percentage of your income to be alternated on trading could be crucial because trading as a short term chasing of profits can be risky as that of gambling because you make wrong decisions at times rather the difference is that gambling is strickly a game of luck while trading is based on applying strategies but yet, you can't will at all time as loosing is paramount.



There are certainly trading experts who profits more than their looses, so, they literally don't care Investing more of their income on it because it's believed that they'd make profits on the long time with their trading terminologies.
So you can't just recommend for such confident traders rather we just advice newbies to always trade with with they can afford to loose regarding the risk of trading which they might not be knowledgeable about.
The ball is always on individual court based on their affordability to risk.

Depends. The percentage can change from person to person. 10% of a million usd is 100k usd and that’s lots of money. 10% of 100k usd is only 10k usd and while its not a very big amount, it is not very small either.

Also, how successful are your trades? If you can generate a reliable profit from your trades then you can increase the amount of money in your trading stash.

If you are only starting, then it makes more sense to take a more conservative approach.

The allocation depends on the income, if it is large then 1% is enough for gambling but if the income is small it may not be enough, simply the measure for gambling for me is to gamble with money that you can afford while for trading I can allocate more even though both are risky but considering there are opportunities there for us to manage and the percentage of getting results from trading is much better than gambling as long as you have the skills and also take advantage of every opportunity in the market.

Everybody has different capacities and know what's best for them, I can't really say that there's a general percentage of money that all traders should trade with besides you said that trading isn't really like gambling, trade based on your level and also what's within your comfort zone. Using a small lot size reduces the risk of losing so if you trade with such a strategy it means that you must use a significant amount of money to get a reasonable amount of profit.

The percentage is still the same loss percentage in my opinion regardless of the income, someone who earns 1 million is having same loss rate with someone who earns 100k if they both risk losing same percentage. But what I understand is every income comes with bigger responsibility so my opinion has always been risk any amount you can afford to lose as the percentage will varies depending on each person. Both of us can actually be earning same income but you might be able to risk more than I do, so it is not a percentage thing.

As for increasing your risk or probably your position size in trading when you get more profit, personally I will say you need to do that carefully so you don’t give away everything you profited back to the market. Also do not add more position size from your extra income, if you wish to increase your risk make sure it is from your profit in that trading

What's your actual reason for "trading"? Is it merely to gamble? OK, then use the smallest amount of your savings that you want to use. Is it to profit from those trades and "change your life"? You probably should save to have a good amount of capital to risk for trading because you would be wasting your time if your profits are so small that it wouldn't make a difference if you made some profit from "trading" or if you worked in Mcdonald's.

Plus if you can't outperform Bitcoin from "trading", then why not HODL Bitcoin and outperform 90% of shitcoin traders?

This depends on the trader's salary because if you are earning $3,000 for instance, 10% of that is $300 and 10% of $1,000 of another trader's salary is $100. Now that is the difference in salary percentage manifesting in how much you want to trade with. But my question is whether you are referring to how much capital to start trading with or how much percentage of trade order per trade you want to order.

As to capital to start up trading, it doesn't really matter much if you have knowledge and can control your emotions. For how much percentage by order, I think 1% of the trading capital is cool then applying SL is fine. To take lower risk in trade is more strategic than to increase risk. Bitcoin and other tradable instruments are very volatile and can move against the direction of your analysis and call margin is the next you struggle with. 1% is fine for a gradual build up of trade experience.

Shouldn't you calculate the percentage of money you may not need for the next six months (after deducting expenses and emergency funds)? Setting a fixed percentage of income will lead to disastrous results.

The percentage is determined according to the market. In a bull market, I recommend no more than 3%, while the percentage may rise to 20% in a bear market and for long-term investment in Bitcoin.

This process if well adhered to will narrow the taste of gambling to be seen as fun and entertainment, a way of making money when luck comes in to play, and that will put away addiction from gambling.


Trading has tools and patterns that needs learning, skills and self-development/discipline to acquire in other to be successful, while on the side of gambling, it is a 50/50 chances. A single thing that is common between these two is risk and losses, which cannot be taken away when it comes to finding a way to make money online or in real life.

For beginners, it is better to use a safe amount/percent to avoid financial emotional issues. I think for a starter, using 2% will be okay, while learning the process of trading.

As a beginner I would advice you not to trade with more than 30 percent of what you earn, the reason why I'm saying that is because you are still in the learning process and you are probably going to make a lot of mistakes when trading, losing is going to be inevitable...As someone who has gone beyond the Intermediate level I would say that you can trade with whatever percentage of money you know is convenient for you..at this phase you are mature enough to understand risk management.

using a set percentage of your income like 2~3% isn't really worth it.
for example, someone who earns $5k/month, 3% is $150, let's say they are a great trader who can profit 8% per month, that's only $12. even if we compound it over many months and assume he's always in profit (which is very unrealistic), for the amount of work/hours one need to put in, the returns are not worth it at all.

trading with a small capital is just a waste of time, you will get a much better return just investing it and holding long term.

instead of a set % of income, one should start trading with a "good" amount that he can afford to lose.

I'd say it just depends on what your expenses are? I mean, if you're at minimum wage, I reckon even 1% is going to be hard to let go. Personally, I'm doing 5% right now in average, going up to around 7% on times where I don't have much to pay (or bills are just THAT low). Just doing DCA so losses and whatnot aren't really something I'd mind that much or think about all that long. I'm ready to shoulder the loss even if it actually happens.

I reckon for people who have a really low wage though then rather than percent, just a flat amount would do. It also doesn't have to be a monthly cycle.  It can happen in every 3 months, 5 months, etc., whatever pace their comfortable and can support imo.

Most people that refer to trading as gambling are people that are new to trading and are not willing to take their time to learn before starting to trade, they mostly depend on some strategies and signals from their so called trading experts and whenever it fails they call it gambling simply because some of the signals do work while some of them lead to liquidation.

I think this will depend on our respective experience and knowledge about trading; if I truly trust my strategies, I can risk 50% if my earnings on trading because I believe I can’t just lose all because I don’t just trade without any knowledge and even though there is risk involved, I am very sure I can’t lose all the money at once and Ben though it is possible to lose all at once.

I never really thought about what percentage of my income I was investing in crypto — it was always just a fixed amount. But now that I’ve considered it, I realized I’ve been investing 7% of my income. Maybe that’s too little, or maybe it’s too much.

I recently read up on how much one *should* invest and found that 5% is considered the optimal number. Anything more than that is seen as risky. I never based my decision on a percentage of my income — I always just thought about how much money I wouldn’t mind losing. That’s how I ended up at 7%

Just like the percentage of your income you should use in gambling, which is an amount of money you can afford to loose, it is the same amount of money you should use in trading especially when you are not certain yet of your skill set. Do not trade with money you know you cannot loose because loosing such will cause depression that can end one's trading intentions. I also say that you should not borrow money to trade with because it can put you pressure to trade always.

Well, it depends on the individual's skill. If the individual is very professional already and they believe that they can manage risk and maximize profits, 30% is not a bad start. But if the person is just a starter that has finished learning how to trade but wants to try it with real money, I don't advice 30%, the person can go with 5-10%. From your poll, the reason why I chose 30% is based on my own capacity and not for anyone else.

Can't determine what percentage of money can be used for trading. I compare it myself with the percentage of money I use for gambling is greater for trading. If I gamble I don't increase the percentage when I lose, in trading I have increased the percentage on certain types of coins under certain conditions.

I don't equate the percentage of trading with the percentage for gambling. The money I get from trading profits is also not the same as the money I get from gambling. If in gambling I rarely win and don't force it, it's different in trading, including experience and profits.

You are right that professional traders that have been making money from trading for over a long period of time can use 30% of their income to trade but you are not really right about 5 to 10% for newbies to use to trade because it is still high in amount. It is better a newbie should use like 1% to trade because he will lose the whole money he used to start trading. But if the newbie is able to afford to lose 5 to 10%, he can use it but I do not think it is good to know that you will lose money and still use up to that on something that will still make you lose all. Patience is also important in trading. Starting with small amount of money can be helpful.

I chose 1% if you are still in the learning and gaining some experience process. Beginners are highly prone to losses so if they decide to trade, that should be something they would be so comfortable to lose. However, if you have already developed your skills and have proven effective strategies, it’s not bad to increase the capital into 5% of your income.

Trading can give us huge and fast profits, only if we know well how trading works. But it could also lead someone to bigger losses and failures, when someone trade for greed, by not risking on what he can afford to lose.

This is exactly how a trader loses money when it seems to him that he has become successful in trading and increases the percentage of his deposit to open an order, thereby violating risk management. Not everything depends on the trader, there are many more factors due to which the price can move in the opposite direction to your expectations.

Using a certain percentage of your in come or the money you have at hand does not make you get that assurance that you are going to trade right or not but its very important you have a strategy and  a good risk management that will determine how much you are going to risk at a time trading. most times people do mistake the position of a good risk management for strategies but they forget that with a god strategy and a poor risk management you may still get to loose all of the money you have got and still not become profitable as a trader but if you have the right risk management, you are going to have the chance to stay a bit longer in the market and have the chance to make some more profits and recover form the losses you had suffered.

Trading isn't about strategy alone but a lot about risk management because that has got a lot with determining how much you are going to loose or make if your strategy plays out the way you had hoped it does but if you don't have a good risk management, for every time your strategy fails you may get liquidated and your psychology is definitely not going to be in its best shape and that may even add to getting even more losses, unstable psychology can lead to poor emotional management and still cause the trade to stay unprofitable.

For me personally, i would say to trade what amount you can afford to lose. Because the outcome will be depends on the amount you trade wether you loss or win. Especially on trading crypto which so volatile and if you don't use to set stop limit there's a high probability the amount you trade will disappear immediately. And even let say you have risk management and its 1:2 ratio. Make sure that 1% , will not hurt you Coz after that for sure you will chase your losses which a bad idea as it's the main reason traders burned their account.

So trade responsibly, set a limit to trade and you must know what will be exact amount to risk to avoid regrets. That's my advice. And for me the best amout to trade is 50 percent of my capital. but i will set the risk to 0.50 to 1% to avoid from big losses.. if i have small amount of capital still the same .

I think the good question here is "what percentage of someone's money they are fine to lose?"
Because let's say if you have a huge amount of money and even 1% of that is something you don't afford to lose, it's not good. Trading is risky, you can't guarantee how much your capital is.

Honestly if I were in a pinch and need money for trading I'd save up as much money possible for this month and the next month I'd start trading with the left over money.
But generally, I think most of people use 1% of their portfolio (not income) for future trading or even spot to minimize risk, so if you lose you only lose 1% and making that 1% back is a piece of cake.

If it's income, I'd go bigger, maybe 30%, what's the point of trading with super small money anyway, just stress and small profit.
Basically waste of time for me if that's the case.

It depends on the strategy base on my experience im doing with the isolated or kind of cross strategy which in isolated strategy you are using the capital youve been use only to make a position and not the whole balance of your futures now base on that i make a trade stop loss with the 10 percent of my capital so I didnt burn it all off in just single trade the same way with the cross trading i make a 10 percent lf the capital to make a position but of course quite different you have a larger margin to get liquidated on this but it can cause your whole balance in futures. Now with the suggestion it depends on the traders willing to make a risk on if they are confident to make trades.

Everyone can trade with some of their income, but they can only trade with as much money as they can afford to lose. If you face losses later with excess money, don't be angry with yourself or your mind, but I think it would be best if you could trade with $100.
Because if you make some profit in every trade, sell it, buy at a low price and sell at a high price. There is no need to rush into trading, but you have to trade with trusted coins, among which Bitcoin is the best to trade.

I have no specific percentage on how much someone can be used for trading.

I mean in my case, I don't have a specific percentage of my total income that's going for trading. My mindset is that, whenever I put money into trading, I want to make sure that I end the week making profits. I don't care about how much do I need to put, but I'm making it sure as well that the money that I'm putting into trading will not affect me negatively if I lose that money.

Well, if I will put a certain percentage, I guess I would say around 5-10% would be the recommended one but there are some factors to it of course. Is that 5-10% of your total income will not affect your expenses? Is that 5-10% of your total income that will be going to trading fine for you, and you will not be affected negatively if you lose that money? If yes, then try to do it. It's just that, not all have a specific amount of money that's being put to trading.

For me I’d say as per the market isn’t guaranteed for anyone even a pro, just risk what you can afford to lose without is affecting your psychology..

It should probably depend on which part of the bear cycle. If there's a high probability that it's close to or in the actual bottom of the bear cycle, which usually the price is near, touches, or goes below the 200-Weekly SMA, then depending on your situation, you could increase it to most of your savings.

A single person with no responsibilities, and a stable monthly income? Take advantage of that situation. 8)

I don’t know of the exact percentage that should be used for trading but what actually matters is that, we only trade with amount that we can afford to lose and regardless of how much we choose to trade with, it is always best that, we can bear the consequences of investing such amount.

I guess the 30% also depends on how your salary is and if maybe you earn $10k in a mont a salary, it will be unwise for you to trade upto 30% which is about $3k and I guess in this instance, trading with 10 percent which is $1k isn’t a bad idea since you’ll be trade more for fun  and as side hustle rather than a full time job.

In this case, I will use experience as a criterion. If you are an experienced trader, I will advise you to trade up to 10% of your income. Because an experienced trader has a higher probability of earning and I believe an experienced trader will not lose all his money because he has a lot of knowledge about trading and also knows how to control his emotions, due to which his chances of losing are low. If you are a young trader, I will advise you to use only 1%-2% of your income. Because it is impossible to get back the money you use to trade. Because even if you make a profit, you will lose to emotions because you are not experienced. Although the same thing does not happen in all cases.

If you really want to make your trading create an impressive profits, you don’t have to stick with 1% or 2% amount of capital. That will only limit your potential profits. But it also depends on how skilled or experienced you are when it comes to trading.

Otherwise, if you are still starting to learn trading process, don’t go all-in, but trade a very small amount. Once you’ve seen progress and development on your outcome, for me that’s the best time to also level up your trading capital.

Since trading has similar risk to trading, it's better that you threat trading like gambling by using the same percentage of money that you can use to gamble to trade, so that if you end up running at loss, it wouldn't affect your emotions. Some people feel that when trading  a big amount of money is needed, but it's not a guarantee that you wouldn't run at loss. I use 1% of my income to gamble, and that will also go for trading too.

This depends on what the person has in his or her possession and willing to risk to trade with. But it should be the minimal amount of money you know you can possibly risk in a game and still feel not bothered when lost to trading. 2% or 1% of a person’s income may vary for different persons on the total price it will amount to and also could vary on the amount they’ll be willing to lose in a trade, so the percentage of the actual income to risk depends on the person and the amount they’re willing to lose.

At this point from your op, it shows that everyone have their own specific amount that they can trade with just as some gamblers have set aside a decent amount that they can gamble with. However, it's quit obvious that the amount a trader should use for trading is the amount which he or she can afford to lose so that he or she won't retrade in other to chase loss.

Trading is risky but with the technicalities involved it's more stable compared to Gambling. I think beginners are e the only ones that are supposed to have a particular percentage of their income they should trade with, my reason for saying this is because as beginners they are bound to make mistakes that would lead to losses. Trading with what you can afford to lose and using proper risk management would would help minimize losses. But those that have been trading for al long time don't have to follow such rules, they are already aware of the dangers and risks so they can trade with any amount, it's their choice.

There has never been specific amount or percentage for investing into trade because many methods and strategies are working and peoples usually love to go ahead which give them better return of their investment.
In few cases peoples set things before jump into trading because they feel staying into their limit with available sources are best option few treated trading with gambling so they manage this like they are doing into this because usually things are going on same way but still trading is having few advantages.
In trading chaos and hypes really have impact on peoples just because of keeping real time eye on all aspects always works and give better work because here sometime quick decisions works and give good profit.

Why don't you include over in the poll, e g trading with over 30% of total monthly income, well In fact any trader that still puts his monthly earnings into trading is still trading at a loss, let me explain what I meant by that if trading is profitable with less risk and high potential success as we think, why then do traders need to put in more of the income into trading on a monthly or weekly basis, what happened to the previous deposits and balance, it means they have lost them, so let check to clarify and agree, in what cryptocurrency trading is and how risky it is since we can not predict the direction a crypto coin will go.

Hey mate I think you are getting it wrong here because from my understanding I think Bitcoin investment and trading are different things which can not be comparable. However, on trading you need little knowledge to start investing on Bitcoin, mostly when you are using DCA strategy to invest on it.
Trading requires a higher percentage of understand to make profits, without a good strategy you will be getting losses when you trade.

For the absolute newbies then 1% could be the right answer, but you also need to remember that people do not stay newbies. That is why I clicked 5% because that is what they should be doing the more they gain some experience.

I still prefer holding because investing is a lot better but I also believe we could make some money based on the amount we have, because someone having a million dollars and someone having a thousand dollars isn't the same. So that means if you have just a thousand dollars, then using only 5% would be 50 dollars and that would not be possible at all, and that would be less than cost of sending money, so you need to use more % but if you have more money than yeah 5% could be a lot better deal.

In this regard, I think you are right, because if your source of income is $5000, if you take 2% of it to gamble every month, I can say that it is a big amount in my opinion. So, that means we should still base it on how much earnings come into our every month or week.

And it is also good, honestly speaking, that these things are discussed for the benefit of all of us here who trade in this field of the crypto trading business industry.
Because we practice the limits on our gamblers at least.

The most appropriate percentage of income to use in trading will depend on the level of responsibilities that they have, a trader can afford to loose 2% of their income, while another can afford to loose 5%. There are some traders with lesser responsibilities that can afford to loose greater percentage of their incomes and they can use up to 10% and more as the amount that they can afford to loose. But ideally I think that it should be between 5% and bellow because trading is risky, you can use a higher percentage and lose everything, so it is better to minimize risk by using amounts that you can lose and move on. We should not compare the amount that we choose to trade with other traders because what we can afford to loose might differ from theirs.

But investing with a very low time preference in an asset like Bitcoin will make it outperform than those people who "trade". I question those people who give "trading advice" in BitcoinTalk. Are they truly profitable traders who have consistently outperformed Bitcoin for more than five years?

Because if they didn't, then what's the value of their advice for plebs like us?

I also heard that even the smartest investor in the world, Mr. Warren - Rat Poison Squared - Buffet has not outperformed Bitcoin.

I don't have a percentage for trading because when trading the capital used is savings that I deliberately took out because I thought this could be doubled if I succeeded in trading.
And now if I want to trade, I also do the same thing, just take savings but only when I see a good opportunity, such as when the market drops quite deep, I will enter by buying 1-2 altcoins with good marketcap.

If you want to use it from your monthly income or regular income, maybe no more than 5% or based on funds that you can actually separate and if lost it will not affect your finances during that time.

The percentage of a trader's money being used for trader does not really matter because if the skill set is not right, any amount can be lost. What is most important is mastering the skills through studies and back-testing. When the skill set is right, any amount of deposits made can be compounded and built into something significant over a period of time. If you start with $100 as a trader and is able to make 2% profits daily, in a matter of months, you will be growing that amount exponentially. On the other hand, if you have $1000 deposit but lack the proper skill, in a matter of weeks you will be grounded. However, for someone still learning and not confident, I recommend using 2% maximum to trade.

We all have different preferences in life. Some might want to trade more than 5% of their income regardless if they are pro or not, while others just stick to 2-3% knowing trading can be dangerous without skills and proven working strategies that will secure the future profits.

However, as for me, just only trade on what you can afford to lose. Losses are inevitable, that’s right. But we can always have the opportunities to be good and profitable in trading, but it takes time. Trading has its own learning process. And part of its learning process is to see us losing along the way to make our experience more meaningful.

Absolutely 2% is okay by me to trade with this is because when you tend to have losses you won't have regrets over them cause it's more or less an amount you can afford to lose. But are you talking about gambling or trading but regardless it's applicable to both so you don't have to account for losses but instead minimize them. Think trading some feel when you trade with some significant amount of money you'll be profitable but they are meant to be taking gradually to avoid story that touches.

We can’t decide for anyone here to adopt that kind of percentage when it comes to their trading activities. They have their own views and perspectives that will probably work on their own way, and not by imitating others. And frankly speaking, whether it’s 1%, 5% or even 10%, if you don’t have the abilities and skills to trade, still everything will end up at loss. Focus on your market analysis first, then decide later on how much can you afford to lose every time you trade.

Small percentage comes with small losses, while big percentage ends up with huge profits, that is if they are trading professionally. With this, if you are still fearful to trade since you are still a beginner, it’s not wrong to trade 1% or 2%, based on how much you can afford to lose.

However, if you have master trading already and you are confident that you will make it through, then give it a blast. You are solely responsible for whatever the outcome of your trade is.

I don’t recommend any percent for anyone to trade with, if you are planning to trade, then make sure you trade with any amount that won’t really affect you Incase if you lose it, because in trading, their is no way we can’t avoid loss, and some people will trade with so much amount of money, and they even going to ignore the risk involved in trading, they are always so confident, and some might trade with so much amount of money, and after losing the money, they will start regretting why they trade.

You can decide to trade with any amount, and trading is less risky compare to gambling, but when trading, you have to consider the risk involved in it also, you shouldn’t be so desperate for the profits which you are going to make. I already have the amount which am trading with, so I don’t even deposit more money to the wallet even after being paid.

I won't budget the same amount of money that I'll be using to gamble for trading too. Gambling is more risky than trading because trading has some advantages when you learn that you can trade and make profits. Trading gets better with experience being gotten and when you constantly study the market and use the appropriate precautions, you won't be losing as you do in gambling. I'll allocate more money to trading than gambling. Assuming I have a monthly salary of $1000, I can budget $200 for trading monthly while I only budget $50 for gambling. The percentage that we are to use has to change as we get better with our trading because it'll not be wise to waste money when we know we're still new to trading and still getting things together. The percentage to use should be something you're comfortable with losing still.

That's definitely about 90% of all people who "trade" actively with a higher time-preference. I believe in BitcoinTalk it would be MORE than 90% and closer to 99%. Let's not be in denial that we're mere plebs, and the best investment strategy is to have a low time-preference and HODL the best asset in crypto - Bitcoin.

It's simply the truth. I'm very confident of that.

 ¯\_(ツ)_/¯

I don't think that in the case of trading it is worth using the concept of a percentage of income, in my opinion a slightly different approach applies here. If we are talking about a beginner, then it is clear that his budget should be minimal, because he will be learning, but if you are already an experienced trader who can earn money on trading, then you can certainly determine what average profit you can get from trading (per month or quarter) as is convenient for you. And you can calculate this profit from every thousand dollars that you use in trading. For me, it was convenient to have several thousand dollars on a trading account to have some additional income, but I do not always have enough time for trading, and now I almost completely switch to long-term trading.

Pay up all the bills first and allocate always those savings and emergency funds or simply into the obligations on which you do need up to to fulfill on every month. On the time that you've seen after the partitioning of your monthly income, then this is the time that you do make yourself that consider on allocating some funds on whatever the venture that you are that dealing into, whether you are planning to have some investment or making up some business then it will be that up to you. It will be just that depending on how you do gonna handle up your finances because each one of us does have that different situation when it comes to earning income on which there are those who do make bigger income and there are those who are sitting on average on which means that even having some extra funds to make use in other means will be that hard or challenges and thats why they do came up with the idea that they will be taking up some loan. Trade into the amount on which you can afford to lose or on something that you wont be chasing into at the moment that you have lost such fund. The usual mistake of people is that whenever they do experience up such loses is that they do become that impulsive on which instead of doing trading they do rather that make it as like when they do gambling on which we know that this is that a very that a bad thing to be done. You are the ones who do make out such actions and on suffer the after effects basing up into the decisions you had made out earlier. So it will be that up to you on how you do make out such adjustments.

By income you meant earning, as in salary? Otherwise, if I got it the other way it would mean you're referring to funding? If that's the case, it's capital. Anyway, funding one's trading platform would solely depend on what one has as capital to be sacrificed. Trading is ether win or loss. This is where MM (Money Management) comes in. A funded $1,000 account without basic trading skill is the same with a $100 or $10,000 funded account without trading skills. It's just a matter of time before all will be burnt and the account gone.

For someone whose 2% earning is something less than $10, what can that do for the person? We should be looking at capital funding for trading and not earning. It's in gambling we do earning, and not funding. I want to believe you got my drift on that.

I am referring to salary or wages a trader received weekly which is very important in calculating the amount that the trader will put on trading. I prefer 1% of my income on trading now.

A trader should be patience because patience is very important. Someone that his 2% from his salary is $10 can save it up to $100 in just 10 weeks. He can save it and not trade until he reached his trading minimum amount.

It depends on multiple factors such as how much a person earns, how much they spend on monthly expenditures, and how much they can save from their total income. A person can only use a portion of the savings for extra activities, such as trading, if they are doing it as a part-time thing and aren't planning to go full-time on it. This is also better because, as they say, for gambling, one should only use funds that they can afford to lose; in trading, one should only use funds that they can either afford to lose (if trading futures) or get locked (spot trading) because the market is uncertain and volatile.

If someone has about $200 in savings after all the expenditures and bills and stuff, they can use $50 from that amount for trading, or maybe make investments with it, DCA into Bitcoin, but more than that isn't good because you also need to have some back up, and savings can be a great source of back up for you in emergency situations.