Quote from: Upgrade00 on September 09, 2023, 09:01:40 AM

Quote from: Shortboss on September 09, 2023, 08:50:37 AM

If we talking about trading and you don't build wealth with starting capital of 50$ then you woun't do it with 1000,3000,5000 either.

That's not how it works at all.
You can profit reasonably with $50 if you're lucky not to get liquidated first but you cannot build wealth with that. You need capital to have more room to stay in the game cause trades will not always go in your favour no matter how skilled you are.

Gambling is a huge part of investing and growing wealth.

Wrong. you are confusing gambling with risk.

Proper way is evaluating risk correctly and deciding if you are in a negative risk situation = gambling

or a positive risk situation investment.

What confuses people is negative risks makes money some of the time.
and positive risk loses money some of the time.

so people think all risk is gambling.

gambling is taking risks that should lose in the long run.
investing is taking risks that should win in the long run.

this is definition. Not mine but webster’s.

here is an example of investment a high risk high return low cost.

I give you 1100 to 1 odds on a three digit number pick.
You can only play 1 number 1 dollar each day.

here is an example of gambling a high risk high return low cost.

I give you 900 to 1 odds on a three digit number pick.

you can only play 1 number 1 dollar each day. thats gambling.

most people lose at gambling
some people lose at investing.

the first step is to understand gambling vs investing.