10:1 could be the new leverage rule

Quote from asiaprop:

I actually vote for the 10:1 solution!!!

If you trade instruments in aggregate in an amount that exceeds 10 times your account then you are hopelessly over-leveraged, period. People can argue back and forth as much as they want fact is 95% of traders fail and lose money. I have not seen studies but I am willing to wager a sizable amount that the winning 5% are on average way less leveraged than the losing 95% of traders, or should we call most of them housewives and "i dont know what to do after college" kids?

I understand some treat trading as a gamble and exiting game, and they dont want this taken away from them. However, sometimes you gotta protect the idiots from harming themselves thats why a lot of them are kept in mental institutions.

Seriously, I could not be happier if this actually went into effect, finally all those ridiculous bucket shops whose only life existence was to take the fish, even lower than them, to the cleaners will now need to close door themselves. I salute to that!!!
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You don't know how to trade. Period.

If you did, you wouldn't have posted that.

You work for Goldman, right? On a desk?

You're not a trader. That's obvious. Just a suit who moonlights their 401K. Please STFU about things you know nothing about.
 
Quote from asiaprop:

all your screaming does not help, tell me trading 50:1 or 100:1 is not taking completely outsized risk. The point is, anyone trading money on such basis DOES NOT understand risk nor should be trading because he/she is not only risking his own money but on a larger scale also adding to aggregate risk in the market as a whole.
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You don't know what you're talking about.
 
lol, and what value did you just add? Any opinion of your own, paper/penny trader? Your agitation shows that you exactly fall into the category of someone with a few bucks in his account who believes he can leverage up to the hilt and become rich overnight. Good luck!!!

Quote from achilles28:

You don't know how to trade. Period.

If you did, you wouldn't have posted that.

You work for Goldman, right? On a desk?

You're not a trader. That's obvious. Just a suit who moonlights their 401K. Please STFU about things you know nothing about.
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*** perhaps you dont understand why the housing market imploded
*** maybe you lack understanding of why companies such as Lehman or Bear Sterns went under
*** you probably also ignore the fact that more or less 95% of retail "traders" fail and that one of the major contributing fact is leverage

Having seen a lot of guys fail either in a professional market making or prop trading environment plus people dropping out in retail space on a daily basis often because they over traded or took too much risk (=too large positions) tells me clearly I know what I am talking about.

How about you?


Quote from achilles28:

You don't know what you're talking about.
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Quote from asiaprop:

lol, and what value did you just add? Any opinion of your own, paper/penny trader? Your agitation shows that you exactly fall into the category of someone with a few bucks in his account who believes he can leverage up to the hilt and become rich overnight. Good luck!!!
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You're an idiot poser in a suit. Nothing more.

I could out-trade you 3-fold, any day of the week.

You haven't a clue about trading.

Like I said, I day-trade currencies for a living.

What do YOU DO?? It's obvious you don't trade !!!

Please leave the issue of leverage to actual traders. You're just a wannabe.
 
no facts, only baseless accusations and pointing fingers at others. Your post speaks for itself.

Yet, still hope you will understand the issue at hand some time in the future. You may be able to handle leverage, i dont know you so I cant say, but most people cannot and thats the precise reason it should be limited.

Quote from achilles28:

You're an idiot poser in a suit. Nothing more.

I could out-trade you 3-fold, any day of the week.

You haven't a clue about trading.

Like I said, I day-trade currencies for a living.

What do YOU DO?? It's obvious you don't trade !!!

Please leave the issue of leverage to actual traders. You're just a wannabe.
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Quote from asiaprop:

*** perhaps you dont understand why the housing market imploded
*** maybe you lack understanding of why companies such as Lehman or Bear Sterns went under
*** you probably also ignore the fact that more or less 95% of retail "traders" fail and that one of the major contributing fact is leverage

Having seen a lot of guys fail either in a professional market making or prop trading environment plus people dropping out in retail space on a daily basis often because they over traded or took too much risk (=too large positions) tells me clearly I know what I am talking about.

How about you?
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You're an idiot.

What does RETAIL FOREX have do with the housing bubble??

It was INSTITUTIONAL LEVERAGE and MORAL HAZARD that caused the housing bubble/bust, you 'tard.

You clearly don't know what you're talking about.

You just *worked* the backend of some prop trading group. You didn't actually trade.

You're a geek who does risk management for some Investment Bank, right? Tell us. You haven't traded a share in your life.

You think leverage makes trading hard? As if the abolition of leverage would suddenly make all those drop-outs profitable overnight?!?! LOL

1:1 or 100:1, a trader who doesn't know EXACTLY when to enter and exit, LOSES MONEY.

All the fresh meat you watched get churned from behind your order book didn't understand stop-size relative to account value (risk per trade). That's what matters, dummy. Not gross available leverage. No wonder they blew out their accounts.!!

Should the Government cap lotto sales at one ticket per person to "protect" degenerate gamblers? Or how about we install 40 mph speed governors on cars to keep everyone "safe" from the dangers of speeding?? Or maybe the Government could take-over food distribution and enforce a national diet to "save" all the obese fuckers from gorging themselves with atery clogging fat???

That's the kind of 'Government-knows-best' idiocy that's behind this bill.

People fuck up because THEY FUCK UP. Not because somebody else didn't stop them. Please.
 
you seem to be on a huge losing streak otherwise there is no explanation in this world you react so agitated. So, in an ironic sense you are absolutely right, you cant prevent idiots from losing money no matter how low you set the leverage. But listening to your argument and opinions you pull out of your arse about me without knowing a thing you clearly show that you are for sure not one of the smarter ones. And dumb people also lose money over time, not just idiots...

Enough said, come back with valid arguments about leverage and why you need it (unless, as we currently understand you trade your sub 10k account and want to take it to 2,000,000 by year end) and then I am happy to respond otherwise consider this the end of our conversation!


Quote from achilles28:

You're an idiot.

What does RETAIL FOREX have do with the housing bubble??

It was INSTITUTIONAL LEVERAGE and MORAL HAZARD that caused the housing bubble/bust, you 'tard.

You clearly don't know what you're talking about.

You just *worked* the backend of some prop trading group. You didn't actually trade.

You're a geek who does risk management for some Investment Bank, right? Tell us. You haven't traded a share in your life.

You think leverage makes trading hard? As if the abolition of leverage would suddenly make all those drop-outs profitable overnight?!?! LOL

1:1 or 100:1, a trader who doesn't know EXACTLY when to enter and exit, LOSES MONEY.

All the fresh meat you watched get churned from behind your order book didn't understand stop-size relative to account value (risk per trade). That's what matters, dummy. Not gross available leverage. No wonder they blew out their accounts.!!

Should the Government cap lotto sales at one ticket per person to "protect" degenerate gamblers? Or how about we install 40 mph speed governors on cars to keep everyone "safe" from the dangers of speeding?? Or maybe the Government could take-over food distribution and enforce a national diet to "save" all the obese fuckers from gorging themselves with atery clogging fat???

That's the kind of 'Government-knows-best' idiocy that's behind this bill.

People fuck up because THEY FUCK UP. Not because somebody else didn't stop them. Please.
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Quote from asiaprop:

no facts, only baseless accusations and pointing fingers at others. Your post speaks for itself.

Yet, still hope you will understand the issue at hand some time in the future. You may be able to handle leverage, i dont know you so I cant say, but most people cannot and thats the precise reason it should be limited.
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Those losers are gambler types who refuse to spend 2 minutes educating themselves on the basics of anything. They just want to close their eyes and roll the dice. End of story.

You can find them anywhere in life. They're the morbidly obese fucks stuffing themselves at McDonalds. The degenerate losers pumping endless twenties into an electronic slot machine. Rummies living off quarters in the park so they buy another 60 of vodka.

Shit happens, man. If you understood how easy it is to risk >1% of account value until a person can churn consistent profits, you wouldn't be so eager to protect the WILLFULLY stupid.
 
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