Getting a loan to day trade (but not to day trade)

Quote from Reaver:

I see the point you are making, but many businesses start out with a loan to buy inventory and set up shop, etc. Even though they may could technically save up over a period of time...

In a way time is money, and of course fast isn't always best...but it's just a way of looking at it. It is a personal decision one would have to make. It's a highly individual risk-management decision.
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i wouldnt put much stock in what grail says bout this. he seems extremely risk adverse and doesnt understand opp cost, etc.

surf
 
Quote from Sky123987:

I seriously doubt this would even be considered, however it's worth at least a post.

This brokerage I like give 4 to 1 intraday. There is no prop firm that is offered with them, however I need more than the 4 to 1 intraday. Could I possibly think about going to a bank and saying "hey I need some money, just to throw in a day trading account" to get more margin?
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LOL Whatever you do don't tell them that
 
Quote from marketsurfer:

easy, its the opportunity cost of money.


sorry if you don't understand, it makes perfect sense to me.


surf
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Of course it does. Opportunity cost in trading is a figment of your imagination. Unlike other walks of life, there are no guarantees in trading. Since there are no guarantees, just how do you figure what your opportunity cost truly is?
 
Quote from marketsurfer:

i wouldnt put much stock in what grail says bout this. he seems extremely risk adverse and doesnt understand opp cost, etc.

surf
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And you are risk perverse. You don't believe in TA. You let 150 point profitable moves go against you waiting for that big move. LMAO

Btw, it's risk averse, not risk adverse. And you're a writer too?
 
Quote from HolyGrail:

Of course it does. Opportunity cost in trading is a figment of your imagination. Unlike other walks of life, there are no guarantees in trading. Since there are no guarantees, just how do you figure what your opportunity cost truly is?
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I agree that opportunity cost is a BS concept about 80% of the time in business and it seems to me that it would be more like 98% BS in trading.
 
Quote from clacy:

I agree that opportunity cost is a BS concept about 80% of the time in business and it seems to me that it would be more like 98% BS in trading.
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I hear it spewed so many times on this board it makes me sick. In trading, it's a buzzword for the truly ignorant.
 
now keep in mind I know nothing about loans. I was thinking I could a rate like housing rates like 6 or 7. Earn interest on the money say @ 5% so my cost really is only 1 or 2 percent. Guess it's more in the neighboor of 5%.

I'm not trading with the money ---> just using it to get more leverage
 
Quote from HolyGrail:

And you are risk perverse. You don't believe in TA. You let 150 profitable moves go against you waiting for that big move. LMAO

Btw, it's risk averse, not risk adverse. And you're a writer too?
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He`s the writer, other people take care of the grammer!
 
Quote from Reaver:

I work in lending. There are ways around it. Many banks offer signature (unsecured) loans.

Many banks just factor in your debt to income ratio as well as credit score and determine how much unsecured debt you are allowed to borrow.

If you apply for it as a business loan, then yeah, you're gonna have to prove a lot more than you would if you just applied for the loan in your name as a personal expense loan.
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You work in lending?

Bastard..you never told me.

Got 10 Million I can borrow? I'm good for it.
 
Quote from EPrado:

You work in lending?

Bastard..you never told me.

Got 10 Million I can borrow? I'm good for it.
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Sure no problem, do you promise to pay it back? :p

Hey good to hear from you! It's been a long time man.
 
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