Topic: Trade up capital: $200 (Read 746 times)

capital of $ 200 for you to trade on the spot market, in my opinion it is a little,
because in the spot market a 10% increase is very good if you are lucky you can even reach 1000%,
but remember it won't come every day.
but if you want to try trading in futures and you can master it then you will get daily profit with certainty.

It all depends on your knowledge of trading. When trading in the US stock market, big gains can be made from buying $200 worth of options contracts, but just as quickly as you gain, you could lose without proper knowledge and strategy.

I suggest learning all that you can before trading any money, having proper stops in place and not trying to swing for homeruns on every trade. Slow and steady wins the race.

Read up on compound interest, small gains quickly add up over time.

I will say that losing your wife's money can quickly lead to relationship issues. Finances are a quick way to cause problems in a relationship, especialy if she feels like you "gambled" away her hard earned money. It may be smarter to wait until you can trade with your own money. Psychologically I feel that you knowing you owe her $200 may lead to you trading from a place of anxiety and stress, two things that does not help you when trading.

Mindset may be the most important factor when trading for a living.

Your point is that you took $200 from your wife. That was a conversation between you and your wife. But your mother-in-law takes it differently. Here I want to tell you what you are already experienced about trading. If you are already experienced about trading then you can earn from trading. And you can honorably return your wife's money. Also if you are not skilled in trading then you can invest the money given by your wife. In this you will be in less risk as compared to trading.

First of all I borrow 450$ from my wife to invest in crypto world and I invest. If I get profit, I will give few extra profit money to my wife.
If your mother in law doubt you, then you will give 50% money to your wife. Or you will wait, when the market is up, you sell your coin and give 50% Money to your wife.

I believe we as plebs should go for bigger, and try to make life-changing money, while Bitcoin's market is still inefficient. Because the current market conditions of high volatility and high demand might not continue going on forever. I'm not suggesting that you steal your wife's money, but do try to get more capital and purchase as much Bitcoin as you can, and HODL.

Even $100 would be sufficient on my part when i would be still a noob or having that zero knowledge on trading on which it would really be just sufficient because its not on how big the capital you do have but
rather its the sustenance that you would be making on prolonging yourself into something which we know that it wont really be that simple specially on dealing with this unpredictable market.
It is really that on wrong perception that the bigger the capital the bigger money you would have or speaking about profits which is really wrong. The target that we should
really be thriving for is on how you do able to make your capital way more bigger and lessening up the losses or errors you do make.

Did you really do that? Hahaha.


Hahahaha.


My serious answer is, you should return your wife's money, get a job a second job and get another source of income, then save as much of the monthly salary as you can for buying and HODLing Bitcoin.

But if you don't want to return your wife's money, and you don't have a job, my less serious answer is gamble in a shitcoin, and pray you can get 100x, then use the profit to buy and HODL Bitcoin.

To be honest I've been trading crypto since 2017 and the result is I really don't get anything trading, I tried futures and always lose,
I lost up to $1000, and once I regretted it and never traded, my advice is $200 you just use it to invest.

That's a good enough amount to start trading, but the OP's mistake here is that he thinks trading is an easy way to make money and will pay back his wife when he makes a profit. It can be said that this is the mistake that most beginners make because even top traders have no guarantee that they will always make a profit when trading.

By the way, I want to tell OP that taking your wife's money is not good, if you want to participate in the market, make your own money and invest in it. Cryptocurrency investing or trading is very risky, so invest only the amount you can lose. If you invest without knowledge, you are gambling, and that will only make you lose.

My friend, I suggest you to learn about trading first. People like you blindly put their money in trading and follow strategies given by social media influencers. Trading is not a get rich quick scheme. It is as risky as hell. If you put your wife's money into it without proper knowledge, you've put that money on fire. Chances are you'll lose most of the money. What story will you tell your wife if unfortunately you lose everything?

I'm not discouraging you, but trust me, my friend, trading requires analytical skills, mastery over emotions, and understanding of markets. Without those skills, you won't be able to trade well.

Well, I really Pay attention sometimes to the influencers that are on Youtuber but the truth is very difficult to believe all the fantasies they talk About, that they are very consistent that they always have profits and that they never lose, that they are the best that each transaction they make makes them earn a lot of money, and all of that is a vulgar lie, that is not true, and the truth is that what they do is deceive people, some ask them for money to enter their VIP groups where they still lose a lot of money, That is something that cannot be Avoided, if it were really that way the market would collapse.

the most stupid thing you did in life is stealing Wife's money though you already confesses yet? this is still a not so good act knowing that you will enter the  riskiest part of investing and that is to trade in crypto.
though 200$ is already decent for newbie trader? but the thing here is that the assurance of earning is depend on your  skills and capacity to understand the market movement so Goodluck to you.and hope that wife's mother will not interfere here.

With such a small deposit you can't expect much.  After how many days do you want to return the money to your wife?Because if you expect to return the money to your wife after a short period of time, then you are thinking wrong.  In trading, there is no guarantee of making short term investment profits.Of course you have to decide to invest for the long term.  You should invest the amount of money you can afford to lose in trading.Borrowing and investing in cryptocurrency is unwise because you should have a stable source of income that can be sustained.  You should have analyzed this better.

The issue is that the OP does not seem to be ready at all, taking into account that he just stole the money of his wife to trade I would guess he is an impulsive individual, and being impulsive when trading with cryptocurrencies can lead you to make massive mistakes.

So if anything he should wait and begin to learn as much as he can, otherwise if he begins to trade right now it would not surprise me if he thought that trading using a huge leverage and without a stop loss was a good idea, and then he lost all his capital as soon as there was a downward correction in the market.

Even with lesser would be that sufficient because you could really make out learnings out of those amounts.Just make use of the possible lowest amount position on every trade you would made.
This capital wont really be that a bad amount considering that you are just starting on.

Try to learn up things and try to sustain yourself as much as possible because if you could be able to make that capital big then for sure you would be able to handle out when you do have
bigger capital.

The only thing on where people do commit out mistakes is on the time that they do hurry up things and not really that patient in regarding with their investments.

You are a very funny man, but anyways, that's very good I believe, it's always good to make people smile ☺ in our own little ways.

On a more serious note now, from my personal experience as a trader, $200 isnt large enough to keep trading with in the long run, but I think it's a good enough amount to begin trading with , most especially if you are a newbie trader who is yet to fully understand the rudiments of trading.

So $200 is good to start with, and as you get better, increase this amount, I believe you understand that, the more capital in you invest in trading, the more profit you are likely to make.

You now have permission right? So try to trade well and return the money when you make a profit. I think that's the best way for your wife not to lose faith in you even if you mean well to make her happy.

Keep in mind that trading is a high risk activity and you need to be very careful with it. You should avoid mistakes as best you can and don't expect to get rich overnight.

To begin with, anything you want to do in crypto, you must know that you going into risk, you should invest with money you can afford to lose, don't put money that will hurt your feelings later run. You are using your wife money meaning that you are borrowing the money in anticipation to return back the money, and you know women are very dramatic when it comes to issue of money. My advice is this, if know very well that it will cause problem if at the end of the day you loss or didn't meet up your target and it will cause problem to your family, stop it right now.

My possible advice to you is that, you have to know how to trade very well before you can as well use your wife money for Trading, because trading is full of advantages and disadvantage, I believe that trading have do with experience and you have to understand the concept before enrolling into Trading,  many people who borrowed money to go into Trading  came out with lost, so it's better knowing trading very well before you can obtain a positive return during the time of Trading, the aspect of taking your wife's money, its bad to took your wife money unaware, sometimes such kind of money don't yield positively or propagate when use for trading.

This seems to be one of the funniest posts I've seen. Of course, if everything written is the true truth, and not OP's funny invention.

It's amazing that your wife didn't kill you when she found out about the $200 theft. But I assure you that this will definitely happen if the wife's mother, who suspects the culprit, finds out about this.

What to do? If the crime has already been committed and you frankly admitted what you did, and your wife didn't take them away, then start trading as you originally wanted. Stop asking the community for permission - just do it if you're ready. But remember that this is only under your responsibility and only you are responsible for any consequences.

I think the Op took his wife’s money without her consent, but the wife knows that the money is with the OP, anyday she needs her money back, she will definitely ask for it. The OP should have tell his wife what he is planning to do with the money and he should tell the wife he might lose the money, incase if anything happens to the money, the shock won’t really be too much compare to if he those not know anything right from beginning, because am sure the OP will definitely lose most of the money.

what I didn't think of was telling my wife and wanting to use her jewelry as capital. if the wife really understands after being explained, so she can accept risks in the future, maybe it won't be a problem in the future, but if the wife only knows that tomorrow she will get profit and with a pleasant image, then this will become the seed of problems in the family, so for me it doesn't matter. commensurate with the family risk at stake

take a good look at the chart:



assuming that with 200$ you had bought at 27400$ and then sold at 28200$ then you would have stayed with 205$, that is you would have profit of 5$, see that this is on paper, because in practice you would have to be able to predict that 27400$ would be the lowest price and then the price would go up and then you would have to be able to predict that 28200$ would be the highest price and then the price would go down so that you could sell at 28200$. this is the first and most difficult part, but things do not end there, there is the second part: capital and profits. note that in this scenario with 200$ your profit would be 5$, it is not a big profit and you had to wait for the price to go up a lot in order to get a profit of 5$ and it is not every day that the price goes up a lot, with that you can see that with 200$ your profit will be very low and it may take many months for you to reach 400$


I'm not going to comment on your family problems, I can only tell you that you shouldn't deceive yourself, making 400$ to be able to return 200$ can take you 1 year or more if you're day trading, day trading is very different from buying and do hodl, the current scenario the price of bitcoin has the potential to make a 2x profit in a while, but no one can tell you the day, month and year in which this will happen, so if you were to hold you would have to put money that you can afford to lose the same applies to day trading


I thought about that too and it all gets worse because he didn't do the proper research, so he still doesn't know about the ideal capital and the great risk of day trading, I'm afraid this will not end well

and from what it seems, the OP is indeed a beginner in this market. should not use that money for his trading capital because the probability of losing it is very high. why not try using his own money, even a small one just to get the grasp of crypto trading? his wife may be okay with it but i guess, she doesn't know also what he's into.
i can feel that a lot of newcomers still have the notion that in this market, they can easily get good turn around of their money. but for sure, later on, they will see that this market is quite hard to gain such big profits.
OP should think of this decision and should not use his wife's money for this high risk activity.

Indeed, it is exactly very risky, too risky. Moreover, the money should be used for daily necessity fulfillment or other urgent or emergency condition, this is not a wise way to take it although there is probability to give back again the money after getting profits. But, who will guarantee if they can really earn much profits from trading, right?
Although we know that the condition may be permitted by the wife, but as a husband, this is not good and wise decision, too risky. If he can get the profits, it will  be good.But if he cannot manage the money and lose much, this will be a big problem to him.

To start with, in as much as you acknowledge that it is a family issue. I do not like the idea that you stole from your wife before telling her.
I mean do you need to be taking from your wife or your wife be taking from you? The $200 you stole from your wife, is it  her spare money or money that she budgeted for something? How do you plan to pay her back the money? I know that trading will not give you the reward that you are expecting with $200. You can barely make $15 on top without blowing accounts. What do you do if the trading goes wrong and $200 vanishes.
What trading experience do you have before thinking about depositing money? Honestly, I see you making a very big mistake that could make your wife get upset at you. Kindly withdraw the money and give to her back then carefully learn how to trade before you can start with your own capital

And while waiting for that he has ample of time to study how trading works and expose to the crypto market. In general, he has enough time to make ready before the real trade comes and it was very important in trading, not just capital and effort.
Actually, a lot of people underestimate trading. I agree with this thinking "if others can do trading and success, we can do as well". I won't say it was wrong but yes, we also have to consider in a situation where not all traders become successful, many had also failed and might be one of them especially if we lack of preparation.

Seriously I don't really encourage people to take loan because they want to trade or they want to invest in cryptocurrency. Incase if anybody is planning to take loan then the person should have another source of income where he can be able to get money to pay back the loan incase if anything happens. Also if you are planning to invest, then you should only invest in bitcoin alone, and you should be ready to hold for long term, so the loan terms and conditions have to be very friendly.

I think most people are deceived by what they see on social media most expecially on YouTube, most of the videos they see on YouTube is always showing when the trader is in profit, they will never show when they are losing, that's what is make most newbies believe they can't lose money in trading, since whenever they watch videos on YouTube, they are always seeing people winning.

Taking a loan is not wrong but putting into the situation of being a newbie and having no trading experience yet, we already know the possible end. I believe that OP has the gut to trade but yes, thinking profit shouldn't be on the top of his mind as a beginner but rather help himself to learn first using a demo account than using the borrowed money to lose them all in order to gain experience.

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Many people had come up with a decision to trade because of seeing on social media that many people got a huge profit. I'm not going to tell it was a lie because some did it well. But then, we can't assure ourselves to be like them as well knowing that it depends on us - our strategies and decision-making.

Some people don't really know much about trading, they just hear from people that they are making money from trading, but they don't really care to do more research about it to know the risk that's in trading. It's kind of funny for a newbie that wants to borrow money from his wife to start thinking about profit already, if you want to start trading, you shouldn't be thinking about profit yet, you should be looking for the appropriate strategy which you will be using.

If am going to advice the OP, then I will ask him to return like $180 to his wife and then start trading with $20, after perfecting your trading, then you can source for your own money then start trading with it.

It's enough to earn money but obviously not enough profitable in terms of effort that you'll put. The efforts will be pretty High, because efforts don't deviate that much based on campus but returns will be much lower based on this effort. Secondly legality would depend on your country so please tell this first.

You should have exercise some patience to source for your personal money for trading rather than obtaining money from your wife to embark on a very risky adventure, trading is very risky and it's not advisable to obtain a loan for trading, meanwhile you can as well start with a small fund which you can afford to lose and trade with the fund until you are consistent in earning profit or if you had already done that already and willing to start with a borrowed $200, I think you should rather take 50% perhap if there is any losses the repayment will be easier to avoid unnecessary embrassment

Oh wow buddy, that is a tough situation. First of all don't take any money from your family without asking. I doesn't matter if she is fine with it later, you should discuss it beforehand. 200 USD is also not such a huge sum, even if you lose some of it quickly you could repay your wife with your own money. From the way I am reading your post I think it would be good to get some realistic expectation in trading crypto currencies. Starting out small in trading is a good idea, just don't expect to make huge returns quickly. If you are looking for ways to double your money in a short period of time you need to accept a lot of risk, and the chances are quite high that you are going to lose some money instead of making big returns.

if a newbie made trading his main income it would be bad enough. with relatively little skill and knowledge, what happens is just trying to make a profit in whatever situation occurs in the market. it will not be good for the capital that will be eroded. especially those who trade futures.
regardless of the capital, always try to start with a small nominal. it will make experience in reading charts as well as the market situations. gradually, it will grow our skills in trading. Never rush into learning a trade. leverage existing capital to gain as much trading experience in the market as possible.

It's very risky to use someone's else money to trade with confidence of doubling the capital. Cryptocurrency is not a get rich quick scheme neither is it a Ponzi scheme where money doubling is effective. Trading differ depending on the trader and the season. Who knows if he might be lucky in the market, I bet he can turn a $200 account into $1,000 only if his trading strategy is accessible in the market. This gigantic profits are mostly during the FOMC or CPI news. Use to obtain more useful information about the basis of trading and you're expected to either float with technical or Fundamental analysis.

It's normal to lose in trading no matter how good you are. You must know how to manage your risk in trading in order to survive your capital. But if you're new to trading, you shouldn't make it your main source of income because you might be chasing the money that even if you don't have a setup seen in the market you're forced to enter. How much more if the money you use is not yours, you will surely have a problem with that. Trading seems easy but it is not. That's why it's necessary that even if you've been trading for a while, it's not good to immediately stop working and focus on that. No trading setup will work all the time. It's the same as if the winning rate of your trading setup this month is 80%, next month maybe only 50%.

Even if he has full knowledge of trading, there is no guarantee that he will be able to make a profit from that $200. Professional traders also have to accept losses sometimes, they can't win forever, let alone a newbie like him. What he needs now is not knowledge, but a job, and a stable income before thinking about investment or trading. He is using other people's money to trade, and if he loses, it is very easy for him to make the mistake of stealing money from his wife again.

I don't really think it's a good idea taking your wife's money to trade, I think you are trying to cause family problem, the best thing you will do is just to return the money to your wife and look for your own money and start trading with it, or you should look for another source where you will get money to pay your wife back.

I don't really know why you are so confident that you will make money from trading to pay back your wife, don't be suprise if you lose all the $200 you deposited, you just want to start trading for the first time and you are already thinking about profits, as a beginner you will definitely lose money, so I expect you to blow the $200. After blowing the money then you will start looking for ways to pay your wife back.

If you want to trade I don't think any amount is too small, as a beginner I will even encourage you to start with just little amount, because I know you are likely going to lose it, that's why I believe you talking money from your wife is a very wrong idea because you might likely going to lose it.

Before he does day trading, he must make sure he has the ability and expertise to analyze the market because the market changes every day and he must analyze the market before trading. Without having those two things plus self-control, it's a bit difficult for him to enter the market and choose his coins even though he only decides to trade bitcoins because bitcoin movements are very erratic. And using $ 200 without skills and analytical skills can make him lose. So he should learn to trade more and try to trade with small money because it can reduce the risk of losing later.

In my opinion I think trading should be done only when you have funds for the trading. In this case I see you don't have money, you took money from your wife for trading. And 200 dollars is not a very small amount. it a medium amount for trading but since you are new to trading, you may lose 200 dollars of investment if you take a wrong trade. And I think you are must gonna do day-trading since you don't have money, you want to line your pocket with trading profits. In this case, you must first gain knowledge about trading, learn to analyze candles and charts. Then you can take risk with 200 dollars before I say if you go to invest in alt-coin maybe you will face loss.

It doesn't help in trading, but considering that as a big amount in Third World country, the little amount of profit one can gain from it is also going to be a good amount.
For example, you can live your life comfortably with just $5 per day. And if one can make $5 profit from $200 investment, then that's good, I guess.

I am not saying that this will help in any kind of trading situation or creating a strategy. It's just a mental thing which could give confidence if one can do it.

And about the fact that that is not his own money. It is better not to do it in the first place. Emotions will get in the way, that's for sure.

First, I believe you and your fine are one, there should not be any interference, and the agreement and transparency between you two about the money are crucial and final.

However, you should be aware that trading is so risky, and if you are new, it's about 99% sure you will lose that money. Also by your expression, it's clear that you know little or nothing about trading, so the risk is high and it will pain your wife if you lose the money.

Why not invest it in holding Bitcoin when the price drops? Investments like that attract lesser risk than trading.

As a beginner who really doesn't have any trading experience, for me, $200 is enough to enjoy but can't be sure if this could really give you a profit as I was afraid of losing them all if you are too careless to make decisions.
I suggest setting aside the $100 while using another $100 for familiarizing the market in order to be sure that you can still continue trading. Just only use the remaining $100 when you are fully ready enough to make a trade. Don't rush your decision OP because I will tell you that not all traders become successful, many had also suffered losses and end up their trading journey.

Just accept that you committed a mistake and your family will understand you now.
I don't know what's the reaction of your wife but I hope that you are ok now and you can start trading now so you can have a good opportunity to make money.
That is a good capital so make sure you trade it properly and grow it over time. I suggest to have your target for a month or even daily, for me $5 profit daily for a beginner is already a good profit, just take it slowly while you are still learning and don't rush in the market.

There are not minimum fund for start trading in cryptocurrency and $200 seems more enough capital for your trading journey start, but you need having skill and knowledge about basic trading and most important have to know right time for buying or selling.  Seems with $200 capital for trading not recommended investing in Bitcoin because earn small profit how ever with bitcoin price pump.

Trade with altcoin still have price under $1 and reach up few percent have earn enough profit and could be compound for every profit earning, if get support market condition seems have potential with $200 capital in trading become higher capital one day later but in trading not promising you earn more profit later but depend how smart you are when choose with right altcoin for investing.

If you are from a Third World country, you will know that $200 is not a small amount. It could be someone's 2/3 month's of income. But let's just say that $200 is a small amount. But it is always advised to start from a small amount and then work your way up to the big one.
As this money belongs to OP's wife, I don't think it is a good decision to start with that. This will create pressure and emotions will get in the way. As you (Ratimov) said, this will lead to mistakes, thus loosing all the assets in the process.
This is the thing everyone should follow and keeping this in mind, that money is not yours in the first place. OP are you sure that you are capable of making profits and return your wife's money?

Is there nothing better than taking money secretly? I know it's your wife, but somehow you can discuss it first. In my opinion, you are doing something ridiculous by taking the money. How could you think you could trade with the money you secretly took? In my opinion, it's better if you don't trade if you don't have capital than you have to use your wife's money. Even though you are the head of the family, that doesn't mean you can do everything, especially without the knowledge of your wife.
I appreciate your wife, she is mature by not letting her parents interfere in your family matters.

First off, stealing money is wrong. Second off, you look like a newbie in trading so you shouldn't be trading with real money but you need to learn more first about trading then practice with zero funds and then start with smaller amounts of real money. If you gain enough experience you won't be asking if how much capital is ideal for you.

Using someone else money won't increase your chance of gaining a profit but I think it can boost your confidence because it wasn't your own money anyway and it will be okay for you even if you lose it. Once you made something else, it will be better if you can return the money and add some interest if possible.

Have you acquired enough knowledge about trading and how it works before taking this decision? Do you know and understand the risks involved in trading and evaluated all the possible outcomes before deciding to invest the money? If yes, then you may decide after consulting with your wife whose money you are using and then start with caution and proper risk management.

If you have done none of that and are just thinking to take the money and start immediately, then you are making a big mistake. First of all, I think you shouldn't trade with your wife's money especially if that is the only money she has and she can't afford to lose it. But even if she agrees, you will need to learn to do it the right way so that you don't risk the money.

You have a whole drama there with your wife and her mother. 
The first rule about money is that money loves silence. Follow it and you will have much less problems.
If you're having trouble saving a few hundred dollars to start trading, then you may need to learn how to save and build capital first, as there have been many discussions here about borrow money trading.

And it doesn't matter if it's your wife's money, if you need to borrow money from your wife, then you have separate budgets, which means that you should to borrow from her. What happens if you lose all this money in trading? This is also possible, especially at the initial level when you do not have the proper experience in this matter.

If you are sure that you can increase your deposit, then you can safely start trading. But I think that you are a beginner who has heard that you can quickly get a big profit in the crypt. If this is really the case, you should return this money to your wife and learn how to earn money yourself, which you can spend at your discretion.

It is best to practice with it, you can learn and trade at the same time to get the most realistic experience in trading. Trading only uses the theory without practice is not enough, which means that when starting with the transaction, you need to determine that you will lose that capital, so you should only start with the smallest capital $ 10 or $ 20.

In the case of OP, $ 200 is too much and from his story, I guess he has no job and it is money that cannot be lost. I want to advise him to stop, and find a job is what he needs more. I am quite sure if he is stubborn still starting to trade with those $ 200, it will soon disappear due to losses.

These days, lines are getting crossed and blurred. There are so few lines left.

Crypto also seems to attract a lot of people with these types of "no lines left" thinking. You see it all the time. Give them free crypto? They demand for more or complain it's not enough or unfair. Borrow money? Don't pay back or pay back later and say hey, it was a gift.

Oh and OP's story is fake, of course!!

Wrong spelling, fake story, can we all point that out instead of feeding idiots?

Taking anyone's money, even if it's from your wife, is stealing. I would suggest returning it to your wife and not thinking about the profit. What if you lose it? How would you pay her? I mean you should save from your salary if you are employed, or if not, then discuss it with your wife about your plans so that she could understand. But I noticed also that you don't have a plan for trading; do you know how to trade? Are you already successful in the demo? Also, do you have a strategy?

After all, it's your wife's money. Even if it gets liquidated, she wouldn't give you much trouble, but I'm concerned about you. You said it was your wife's money and not yours, so what happened to your own money? Because you are not only investing what you can afford to lose in this case, but you are also putting money at risk that you will feel guilty about if the trade goes against you. IMO, the money is too small. In trading, the higher your investment, the higher your incomes. trade responsibily. 

The amount is not bad for a start up in trading but op need to learn about trading before even thinking of entering into the market. The problem that many traders or non traders do make in the market is trading the market when they have no concrete idea of it. We know that the cryptocurrency market is very volatile and if we don't know what we are doing, we might end up losing big from the market.
 We need to learn how to trade very well before we enter the market. We can trade with small amount of capital to see how it works and then continue so as we are doing to lose big even though the market turn against us.

Not a bad amount to start trading but seriously  I have been people with 10$ initial investments or 20$ and want to start trading haha. Your total valuation is 200$ you can split it up into 3 parts Buy and Hold, Backup, and Regular Spot account. The amount you can decide it on your own. If you go for the future then Backup will work for you and Buy & Hold will work consider it as a future investment and it will multiply your portfolio also the risk of investment can also be reduced using Buy Hold.

Whatever it is, in my opinion, this is an inappropriate start, especially when you decide to take your wife's money, are you sure if the money is really free money that won't be a problem when it's lost?
I think, as a husband, you should be wiser, the desire to trade is good, but you also have to pay attention to other aspects. Not only thinking about how to return your wife's money, but are you really ready with your trading knowledge? Are you ready for the various risks including losing your money?

If that's all and there is no problem, you have to deal with it yourself, try your best to make up for the mistake and return the money immediately. Trading is very risky, and you must continue to learn so you are not affected by fake trading or investments. So that with good skills and knowledge, you can have a better chance to get profits.

You can start with that capital but it should be your own money to avoid any conflicts.
Don't force to trade if you don't have funds on your own, using a debt money is not good and you might not be able to pay for that. You family are just concern about how you raise the money and its not good to have conflicts with them, better to ask first next time and be honest because that is your own family. Trading can wait until you have the money, so don't rush and don't do stupid action just to trade.

LOL, is there no other way to get trading capital besides taking your wife's money. The risk is when you make your initial trade and the money is gone, so what will you explain to your wife?

It is better for you to learn trading first without capital, than for you to get two losses at once, that is, the loss of money is certain and you will be integrated by your wife and parents-in-law. There is nothing easy to trade, if you want to make a profit at the same time you need to learn first, but if you want an instant try gambling, it gives you a 50:50 chance.

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.

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.

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.

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.

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.

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:


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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

It's a shitty thing to do if you ask me, from your explanation i wouldn't advice you to trade with money that's not yours in the first place.
There's a high probability that you're going to lose your wife's 200 dollars because we can't really tell how experienced you're when it comes to trading. And you should always trade or invest with the money you can afford to lose.
The reason why your wife must have asked you to keep the money after she found out you took it must be because she felt pity for you or because she does not want you to be embarrassed in the presence of your mother, it would be a painful thing to experience.

I don't think you use free money, if it's your wife's money is it not used for her needs or something she wants to buy, but if it's free money you can use it without burden now what you need to do is learn about trading.I guess if it's free you will quickly learn.

It seems to me that the wives of many forum members will be angry, and their mothers-in-law will not be thrilled that their sons-in-law are gambling with their wives' money. Recently, a member announced that he was going to sell his wife's jewelry to invest in Bitcoin, which is perhaps a little less risky than what the OP is doing.

If you take $200 and try to trade with it, you will probably lose it or make a minimal profit, but if you invest that same money in Bitcoin, you might double or triple it in the near future (1-2 years).

That's a terrible way to trade, you shouldn't get someone's money even if she's your money without her permission and consent. You don't know how to trade yet and you've taken 200 bucks from her without informing her.
Outside of family matters, if it's only between you and your wife, the mum shouldn't intervene with whatever you do with both's money. Whether you take hers or she takes yours, what's important is both of you are giving consent to each other or at least giving each other the idea on what you'll do with the money.

First of all, you should never borrow from anyone and trade in cryptocurrency.Because cryptocurrency trading is very risky. Where you can double your money, but there are also chances of losing your money.Always put money into cryptocurrency trading that you don't need when you need it.So that you don't have to sell your assets at a loss in times of need.At $200 you can trade but you will have to wait a long time to get profit.Because it is obvious that the more capital you invest, the more profit you will get, and if any business is started with less capital, it will take a lot of time to get more profit.And you need to be more careful in trading with borrowed money because any wrong trade can make you lose money.

What is your problem  You can not steal your wife money to gamble it away. There is basically no chance that you will keep your first investment in the trading world. You will always need to practice for some time and also loose money, before it will be possible to earn money. So best is to get a job and use the earnings to slowly get profitable in trading.

I don't understand why some people decide to borrow money or use someone else's money to invest in something that they are aware is risky. Trading with money that does not belong to you is not advised in the cryptocurrency industry because there are no assurances that you will make the profit, so let's just say there is a 50/50 chance you to make profit or lose.

As for me, I can only trade with money that I can afford to lose because I can't borrow money to do it unless I have my own money. Therefore, I'm not sure why you're so eager to trade even with funds that don't actually belong to you.so let no be too eager to trade with aim of thinking you may make by put the money we can't afford to lose in crypto industry.

i suggest you to not trade with those $200, i guarantee you will lose , if you are trying first time trading, instead, invest some small amount of money, which you can afford to lose like 10$-20$ per month in bitcoin, you wife is brave and she loves you,
your money is legal if you or any of your family member earned that money legally,
or you can start a small business, i think, you are taking your family member's money then surely you are not earning right-now, so you can invest it in your own small business like a small shop , or starting selling something locally for profit.

Coven? Did I read something else different into it other than that which it's popularly know for – gathering of witches?

Yes, that's more than enough for anyone trying their hand on trading. I've seen cases where $50 was used as trading capital and those involved made progress from that.

If your mother in-law is worried about you taking out $200 belonging to your wife, it simply means you need to get your independence and privacy away from her or any other third party so you can concentrate on building a family with your wife.

     Your wife has consent to take money from her, so I think that's okay, And yes, that's a big deal as a starting trading in the cryptocurrency business.

     What cryptocurrency are you planning to buy? Do you have any ideas on getting into crypto trading? Do you know how to use trading tools? do you know what is the risk you can face here? because if most of it is not there yet, your 200$ will be wasted for sure...

The first rule of trading is you should only trade what you can afford to lose, so if you have no experience and you can't afford to lose $200 you better not start. Because the first possibility is that you can lose all of them or a large part of them.

If you want to experiment, the best way for you is to buy a good coin and hold it for the long term until the market rises and then sell it, but if you are determined to take the risk and risk losing your money, you can try buying a shitcoin, then you have two possibilities: either you double your capital or You can lose it all.

You are too pushy whereas you are not ready for everything that is needed in trading. This is a sign that you will not be prepared for losses either.
Trading advice for beginners is the spot market over the futures market which is riskier, but how far do you know that $200 will give good returns especially you promise some profit from the money in a certain time?

If you lack knowledge and understanding of trading, then the answer is NO.

Remember, it's important to realize that trading isn't a straightforward process of buying low and selling high because you'll be competing with other individuals who are more intelligent, corporations that possess greater access to valuable information, and people who have more experience, connections, or wealth than you.

And if you're an average Joe with no day job and are planning to use your wife's money to trade without a clear understanding of what you're doing, it's likely that your decision will cause more harm than good.

I maybe harsh, but come on, sometimes we do need some reality check.

One of the golden rules in trading is always use money you can afford to lose. Based on your story, it even looks like you got money from your wife without permission. If I were you, I would just use like $10 just to learn how to trade and get a proper trading strategy to is sustainable in the long run.

And please get an alternative source of income as you learn how to trade. it isn't as easy as A,B,C,D...

So you dont have a job?  Did you rely on your wife's money?
In trading, there should be a stable source of income that can be sustained if ever you will lose trading.  Because in trading, there is no guarantee to make a profit, it could be one day you will gain profit or it could easily wipe out your wallet.

The $200 capital is quite good for new traders, but only if this amount can afford to them to lose.
I recommend finding an exchange that has copy trading which easily for you to follow the trend of the most progressive traders, AFAIK, eToro exchange has this kind of feature but $200 isn't a good start there.

So good luck if you really try it out but make sure you have a backup plan.

You are the ones who would be making out a decision whether you would be telling your wife that you are the ones who do took the money and tell her the truth that you would be using it on trading or you would really be just playing along on what you had started and never ever confess that you did such act. In speaking about trading then it wouldnt really be an assurance that you would really be able to grow that $200
specially when you are still a noob. We know that trading is never been that simple which anyone could end up profitable overnight.It would be taking a long time and lots of efforts and time you would be needing
to spend to make yourself that able to be called as a trader. It would be lots of trial and error which you would really be able to experience.

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?