getting a loan...please read!

Originally posted by dgabriel


I don't think the chicks are leaving after you tell them what kind of car you drive, its telling them you are Mr Dinky that gets them to turn on their heels.

Oh man, you had me laughing so hard I almost hit someone and blew up the Pinto!

:cool:
 
Originally posted by Gordon Gekko

...the problem is, after commissions and living off my account, my account size is not big enough to make the extra profits i want. if i had a bigger account, i would be able to make the profits i want. this is not an issue of my trading.

Or you can use higher leverage and increase your buying power as if you have +$20k more in your account, without having to take a loan.

For example, with S&P emini futures you can have 20:1 leverage, with Canadian dollar futures 200:1 or more. With single stock futures you'll get 5:1 leverage.

But higher leverage = bigger loss/profit = higher risk. If you don't use it propery and over-leverage bad trades, you can loose more than your account value and end up owing $20k+ as a margin loan.

Overall, higher leverage is much better than an outright loan for the experienced trader. Why take a loan, when with higher leverage you'll get de facto the same result?

Fohat
 
Originally posted by dotslashfuture
...you won't be able to get laid unless somebody loans you some cash for a hooker.
i shouldn't even respond, but i'll waste a few seconds. since i don't know you, i can't say for sure..but i'd bet i get the girls you dream about. i look like the guys in bowflex commercials.

here's a picture of me... don't use it to send to girls on the internet and pretend you're me. lol

let's see one of you now...since you're so willing to throw stones.
 

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I agree with what Don Bright said. If you are trading for a living and are consistently profitable, but it's the size of your account that is holding you back, then join a professional trading firm where they will give you access to as much capital as you need to trade (within limits).

I was in the same position as you and this is why I joined a pro firm.
 
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