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

Quote from Reaver:

Sure no problem, do you promise to pay it back? :p

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


Pay it back ? Well I had not planned on it. Figured you could write me off in a year or so. Everyone is doin it.


Have not been on here that much....mucho busy. Plus it's kinda boring without Sykes or Seben around. Surf even isnt as entertaining.
 
Quote from HolyGrail:

I hear it spewed so many times on this board it makes me sick. In trading, it's a buzzword for the truly ignorant.
More...



i agree-- it's speculative and not quantifiable in this arena, but it still exists.

for example, the start of the tech boom--- had you borrowed capital buying vertical net, ebay, or whatever you would be WAY ahead of the gentlemen who tried to save up for years to obtain the capital to trade with. there are many other examples of why there is nothing wrong with borrowing money to trade with and why its advantageous at times. HOWEVER, as i stated before, NEVER borrow more than you can afford easily to payback should you blow out.

surf
 
Quote from marketsurfer:

i agree-- it's speculative and not quantifiable in this arena, but it still exists.

for example, the start of the tech boom--- had you borrowed capital buying vertical net, ebay, or whatever you would be WAY ahead of the gentlemen who tried to save up for years to obtain the capital to trade with. there are many other examples of why there is nothing wrong with borrowing money to trade with and why its advantageous at times. HOWEVER, as i stated before, NEVER borrow more than you can afford easily to payback should you blow out.

surf
More...
You don't know something is a boom until it booms. Your opportunity cost is not known until after the fact.
 
Quote from HolyGrail:

Damn, I must apologize to surf.

There is a great deal of opportunity cost in paper trading. Sorry, surf, you're right. My bad.
More...

Trying to figure this out. If Surf goes to a bank and asks for a loan for his trading, once they approve him do they give him monopoly money since they know he is a paper trader ?


Makes sense right ?
 
Quote from EPrado:

Trying to figure this out. If Surf goes to a bank and asks for a loan for his trading, once they approve him do they give him monopoly money since they know he is a paper trader ?


Makes sense right ?
More...
Correct, and his opportunity cost is that he could have received real money if he promised not to trade.
 
Quote from HolyGrail:

Correct, and his opportunity cost is that he could have received real money if he promised not to trade.
More...


It all makes sense now. I still want to learn more about Surf's rollover trades. You know..the ones where you buy Dec Ym's 3 days prior to expiration and then sell the Dec's 3 days later but you get the March price. Thats facinating stuff. Great strategy.
 
Quote from EPrado:

It all makes sense now. I still want to learn more about Surf's rollover trades. You know..the ones where you buy Dec Ym's 3 days prior to expiration and then sell the Dec's 3 days later but you get the March price. Thats facinating stuff. Great strategy.
More...

Yes, I've seen this strategy. You have to admit, it is a profitable strategy. I just wish he could reveal his implementation secrets so we may all benefit.
 
Quote from HolyGrail:

You don't know something is a boom until it booms. Your opportunity cost is not known until after the fact.
More...


correctamundo.

just like TA or any other speculative activity.

no argument here.

surf
 
You must log in or register to reply here.
Back
Top