...
but street credit is still very important that's why i didn't give personal guarantees lightly... so far I have given to
@Overnight because a few times the guy was shaking in the pants lol because his MNQ was under water lol so as a fellow trader I felt the obligation to make him feel at ease lol...
Hey, don't drag me into your fantasy scenario of magic free money. I'm trying to be a responsible trader, unlike you, who by your own admission, is a non-trader. So you really do
not have any skin in this game.
See the chart mentioned above at
https://www.elitetrader.com/et/threads/doom.339492/page-3#post-4995170
?
I held positions through some of those drops with minis. Those are serious fucking drops on a leveraged unhedged future, ok? One SHOULD quake in their pants when they hold through a 10%-20% drawdown. This is not peanuts we're talking about. Remember when I held through the May drop of 600 points? Yeah, one little MNQ, that's $1,200. Don't you see how easily that can get out of control? If you don't sweat shit like that, then yer a fool.
"Mortgage a house" to get in on the market. I think what you mean is take out an equity loan or something like that? Either way, that's trading on credit and paying interest on the loan, now isn't it? Market starts going against you, yer going to be in a world of hurt.
Dozu, please stop with telling everyone to "mortgage their house" to go long on a market that keeps punching through ATH at a phenomenal rate. Remember Buffet's axiom of fear and greed...and the market is looking terribly greedy now.
