Absolutely not. Rule number one, where to get out if you are wrong. If I am wrong a bunch of times, I don't have to reach a minimum where I cannot trade or maintain the same risk reward parameters.
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KING OF BAIN....Oh My Gawd!
- Thread starter RCG Trader
- Start date
Absolutely not. Rule number one, where to get out if you are wrong. If I am wrong a bunch of times, I don't have to reach a minimum where I cannot trade or maintain the same risk reward parameters.
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Quote from RCG Trader:
Yup, but Mav wrote the paper, you know, the one explaining why they could not withstand the downturn even tho they were eventually right. Most call that being overleveraged
Yes, they were over leveraged 30-1. But they had no liquidity to get out you dunce. They WERE the market in most of the emerging market debt. There was no one to sell to. Getting lectured about LTCM by a nurse. That's a first.
Quote from RCG Trader:
Absolutely not. Rule number one, where to get out if you are wrong. If I am wrong a bunch of times, I don't have to reach a minimum where I cannot trade or maintain the same risk reward parameters.
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But you just said you were worried about blowing out. That is what YOU said. That is why you are at Oanda. Dude shut up and take an early weekend.
Then he traded every single last dollar down until his account said insufficient funds. Nope Lucrum. He might have quit but he did not blow up. I traded one dollar to test Oanda assertion. It is correct. So maybe he had to go back to work, but I am privileged to not be in a situation where I must trade for a living, I have a another career and it pays the bills fine.
Confusion, as usual. I said Oanda is the best option for this. And every trader everywhere should be worried about blowing out. If you are not, then I have say you are a bit silly.
You admit their being over leveraged and then call me a dunce. We call that cognitive dissonance in the medical field.
Oy vey.