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