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?
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.