Of course, each person can do what they want, and I suggest no more than 10%, and even 10% may well be too much, yet one of the problems of trading/gambling is that there is a cascading effect that keeps luring them towards wanting to use more and more and more in order that their profits can be "meaningful" and they are not satisfied with $100 in profits, they want $1k... etc etc etc.. and they keep pushing it.. more and more so there is almost no way that they won't end up losing at some point.
Now many would argue that trading is totally different from gambling, but in reality, this crazy speed of always needing more proves just how alike they are. Just gambling, it’s always difficult or should I say almost impossible for gamblers to be contented with whatever profits they’ve been able to win, as they’ll feel the need to go for more, this is often referred to as chasing wins, when a gambler who had just made a significant win, rather than walking away with his wins, decides to stick around and continue playing because he feels it could be his lucky day and feels he could still win more. This often the case with Trading, it takes only those with hyper discipline to be able to overlook the pressure of always chasing wins and sometimes losses. And this is the exact reason why Trading is being considered unsafe for many especially for newbies who have little or not experience about the dynamics of the market, and of course is crucial to allocate the adequate and appropriate percentage of funds for this activity. And yeah you’re absolutely correct, since there’s really no guarantee that one would make any profits from trading/gambling, in fact there’s no single guarantee you’re even coming out with your capital, I join you to support the idea that 10% is much for that, maybe 5%, yeah I think 5% is cool.
Yeah it’s important for every investor to have some kind of a solid outside income source as this helps to provide financial stability, and allowing one to be able to build their financial Bitcoin portfolio without much effort, and this also helps the investor not to always depend on their investment for immediate financial sustenance.
Alas Tungbulu, such a lengthy literature on trading in a thread that should be promoting bitcoin accumulation is not the most positive thing to see, I think you focused more on trading here and such writeup should be more effective in the trading discussions board and not here. We should be more positive on the percentage of our discretionary income to apportion to our accumulation process in order to expand our portfolio and not shifting our concentration to what percentage of our income should be pushed into trading, surely that would be betraying the topic at hand.
Again it is not really a good practice to focus much on trading when into your accumulation journey because you can easily get distracted and sabotage your investment process. It might even get to a point that you would use funds intended for your accumulation journey and service your trading desires. Holders and Newbies most especially should desist from this to enhance specificity in their Bitcoin accumulation process and instead of considering trading as a necessity, you can get more aggressive with your accumulation and achieve your target faster.