Trade up capital: $200 - page 4. | Bitcointalksearch.org

Cantsay

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Quote from: JooBra on March 21, 2023, 05:06:02 PM

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In fact, for a start, such capital is pretty good. More important is to be able to properly handle this capital in order to get the right result.

200$ is the perfect number, since you can learn a lot and not lose much. The lessons you will get from that 200$ will be much more valuable then the number invested.

The amount of money Op has is not the issue now, but the means in which Op obtained the money.
If you read Op thoroughly you'll notice that not only was the money gotten illegally but also he's not experienced which means there's a high probability that he's going to lose the money to trading.

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?

Of course, $200 might be good for your initial stage of making bigger profits trading.
Everything really depends on your trading strategy and your skills in taking advantage of market situations. Prices tend to drop all the time, you can take advantage of this to buy and sell when you see profits. If you can do this consistently, then you can definitely return that $200 to your wife. Don't gamble with trading, especially if you haven't mastered trading.

Just pick the assets with the most potential and ignore more non potential altcoin. However, if you are capable enough to understand how the market works, then there is nothing wrong with trying futures trading wisely.

virasog

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

Trading is one field where you need a substantial amount of capital to get started. Trading is not something where you can start with a few hundred dollars and then built up later. Yes, you may invest 200$ in bitcoin for mid to long term hold but if you want to trade, you should have a minimum capital of 1000$ or more.
You must have heard a famous saying that money makes money and this falls truly fit for trading. Better raise some more capital before coming to trading. Yes, you may start learning to trade but you can't make good money if you do not possess the capital.

YOSHIE

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?

You shouldn't do that, trading crypto is not with other people's money, even if it's your own wife's money, you have to trade crypto with your own cold money even if it's only $ 100 worth, you bear the risk of loss without burdening your wife.

Think wisely, what if you experience the risk of losing your trade, you think what you said to your wife, she thinks you lied to her, if not proven, it's best to return the money to your wife, except: your wife is willing to accept all the risks that will occur in your crypto trading.

For the future if you don't have money don't trade crypto, if but insist on doing it use cold/private money, that way you are safe to do it.

ScamViruS

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

After reading your story I understand that you don't know about the real principal of trading. Trading using other people's money will be a very bad decision considering your family situation.

If you want to trade, you should use the money that you can afford to lose. Therefore trading capital should not be brought in by creating such a situation. If you don't have a job then such a risky decision will create a bad effect in your relationship.

iv4n

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Quote from: Bushdark on March 21, 2023, 09:25:07 AM

Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

...

So what should I do since the money is legal in my hand? This is a funny statement because I see no reason why you would have to take your wife's money and hide it from the rest of the family and now you are telling us that the money is legal in your hand. I will never supprt this motion even those people would ask you to go ahead.

You have no right to take what does not belong to you and think it is legal in your hand. Do you even know the meaning of legal? There is nothing we are not going to see in this forum. You better confess and return the money to the owner and don't think you want to invest it in trading.

Nice comment, something I can't say for many others. The entire story is funny...

Maybe even funnier that he took that money for trading, but he doesn't even know the basics:

Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven... Could this be enough to start trade?

It's like he took that money for gambling, every reasonable person knows what gambling is and how easy is to bust any balance. Without basic knowledge chances of getting busted are pretty high, in trading and gambling.

I think we can't give better advice than what you wrote. The best thing that OP can do is to confess and return the money before he gets into bigger problems, which is coming right after he stays out of some money or all (in the worst case). If he really wishes to trade he should start from the beginning, first he needs to learn more about it and in meantime "'earn" his starting bankroll.

palle11

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

This is typical story of a newbie who claims to be an expert in trading and goes to loan money for trade with the personal conviction to get out some profit but never did.

Lessons to learn from your story are:

1. Never trade with money that is not totally yours: This is to avoid you being pressured to make profit as that will make you not to trade reasonably, you will begin to be desperate when the deadline for repayment comes. You will begin to increase your risk.

2. Profit in trading is not automatic just because you have been able to transfer money to your wallet and trading.

3. You need to be patient to get capital that you won't be pressured to pay back.

awik p

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I don't comment on your mother, because it's a family problem, but for me with the capital you have, I think it doesn't matter if it's done for trading, but here what I emphasize is that it's better to use free money to start, because you think of profit. return the wife's money, but have you thought about the risks, if you lose or run out of capital, because it will affect your psychology, unless you are already adept at trading

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

As long as you can afford to lose that money then it doesn't matter for how much you start to trading, we can start trading with any amount but the bigger our capital the more return we got. If you don't have a capital to start you can trade with a demo account which is a lot out there that provides demo trading.

inthelongrun

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The moment you ask if $200 is enough to trade means you have no idea about trading. That is bad mate and you took the money by stealing it from your wife. Do you have no work in order to finance your own trading plan? You don't have to steal mate since you are a newbie and trading is only for those that are fully equipped with knowledge and skills. You should return that money to your wife and promise not to do it again. That is so cowardly even if you confessed later but your mother-in-law is already doubting about you. Take your time to study trading, and enhance your skills. Open a demo account and practice what you learned and see if you are ready.

wxa7115

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

The money is not the problem, the problem is that with kind of attitude I do not think you will become a good trader, you should have talked to your wife about your plans from the very beginning and not after you took the money without her permission.

And this is because if you were to lose that money, and chances are that you will as you told us nothing about your trading experience and you do not know at all if that amount is enough to trade the markets, then your wife will be really mad at you for wasting her money and this could create some friction in your marriage.

ethereumhunter

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Starting trading at $200, in my opinion, is too big for beginners. But if you already understand trading and have the skills and ability to analyze, I think the money is enough to start trading.

I don't know what the problem is in your family but before you start trading, you just need to think about how much money you can afford to trade. If that $200 is an amount you can afford and you don't think much about losing that $200, you can start trading. But if you're worried that $200 is too much, you can reduce it to any amount.

Lanatsa

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

You could even start with $100 or even $50 which of course it would really be just understandable that you would be needing to have that small position size.If you do tend to scalp then it wont really be that a problem but since you are a complete newbie then it would really be just right that you should familiarize first and try to learn and have a good grasps.Of course it would still takes time for you to have a good learning out of this trading career.It isnt an overnight thing which you could learn in short time. The bad thing on what you had done is you have stolen your wifes money which it isnt
a must thing to be done.lol

Scripture

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That's a good capital already, the only issue is that if your source of money is from any debt its not ok because you might lose that money in an instant and you will be in trouble paying such money. Try to save first an extra money specifically for trading, its better if you will not use your trading funds for the next 5 months because that is the only time for you to make profit since instant profit is not possible as well. Talk to your wife and make her understand that you are confident about trading, and you can make profit in this market which it can help your family to have another source of income as well.

JooBra

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In fact, for a start, such capital is pretty good. More important is to be able to properly handle this capital in order to get the right result.

200$ is the perfect number, since you can learn a lot and not lose much. The lessons you will get from that 200$ will be much more valuable then the number invested.

GxSTxV

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I'm not sure I understood your story well. Did you take $200 from your wife's wallet to start trading? If so, then you want to start trading and that's the only thing that matters to us here. Assuming you're a beginner in trading with some knowledge your question is whether you can start with such a capital. I would suggest building a good strategy, following it, and conducting research before entering a trade. Additionally, it's important to practice proper money management by assessing how much you risk on every pair, coin, or token, as some are more volatile than others.
If you don't have much knowledge about trading, and $200 is a significant amount of money in your country, I recommend reconsidering risking it and learning first.

sulendra12

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?

It's enough. But it's not a wise thing to do since you borrowed your wife money just to seek the unpredictable profit. I'd recommend you to use your own money instead of others although the fear of losing money does exist because it's not your money of course, but to not let you do it continuously because it's so easy to fail in cryptocurrency trading.

Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

Just give her money back and seek a job so you have your own money to start trading ^

Nrcewker

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It’s always advised to not use other person’s money while you are trading. As trading is subject to market risks, that is you have enough chance to make loss as well as profits, but as you have used your wife’s money, so when you will make loss, she will also suffer through it. Moreover if you are a beginner at trading, then I would suggest to have theoretical knowledge at first. Do proper research on when does the price of a particular coin increase, which factors affect the price, and how can you minimise the risks involved. After mastering or learning these, it’s advised to use real money for trading. I won’t say anything more, rest decision is upto you. Wishing you all the best for your trading future.

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

First, don't force yourself to trade if you still have no funds for this because that money might be more important for your family for daily expenses. Better to ask your wife if its ok to borrow here money instead of getting it. Anyway, trading can be very risky but with your knowledge, making profit out of that money are also possible. Futures can be the best option but since you are still a newbie, try to learn it first for a week and do your research first. Watch some trading vlog in Youtube, and google the indicators, that can be a big help for you.

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Quote from: JamesBorn on March 20, 2023, 02:10:23 PM

I wants to begins trading but I don't have money in coven, I took my wife's $200 to put it into trading wallet pending where I will do good in trading returns my wife's's money. Could this be enough to start trade?
My wife's mum's has suspect me of taking my wife's money and she didn't know I have already confess to my wife but my sweetheart doesn't wants her mum to interferes in our family matter that she knows am the one who took the money. So what do I do now that the money is legal in my hand?

So what should I do since the money is legal in my hand? This is a funny statement because I see no reason why you would have to take your wife's money and hide it from the rest of the family and now you are telling us that the money is legal in your hand. I will never supprt this motion even those people would ask you to go ahead.

You have no right to take what does not belong to you and think it is legal in your hand. Do you even know the meaning of legal? There is nothing we are not going to see in this forum. You better confess and return the money to the owner and don't think you want to invest it in trading.

Topic: Trade up capital: $200 - page 4. (Read 709 times)