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
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.