In trading, there is no bullshit. You either make money or you don't.
Journey to Emotion-Free Trading 0 replies
Emotion: Is any one recording trading emotions in a journal? 2 replies
No emotion only rules 9 replies
The no emotion trader 2 replies
What's your negative emotion that you're most prone to when trading? 26 replies
DislikedI think the first thing you need to look at is how much the money is going to cost you, including interest, transaction fees, and compounded interest. If you're using your card for cash advances don't forget there's a fee and that interest is charged from day one, not ~60-day interest free. If you're using a credit card to fund an account most bròkers charge a handling fee, and some credit card companies even consider transactions like that as cash advances. Also, in today's risk averse climate, if the credit card company thinks you're using your...Ignored
DislikedGreat advice here.
On a kind of unrelated note - Anyone notice how helpful and friendly we all are on threads less about trading and more about other things (in this thread - borrowing money) the only exception seems to be politics in the members lounge.Ignored
DislikedHey Leon, enjoying the bank holiday?
Yeah strange isn't it, maybe trading brings out the worst in people!Ignored
DislikedI think the first thing you need to look at is how much the money is going to cost you, including interest, transaction fees, and compounded interest. If you're using your card for cash advances don't forget there's a fee and that interest is charged from day one, not ~60-day interest free. If you're using a credit card to fund an account most bròkers charge a handling fee, and some credit card companies even consider transactions like that as cash advances. Also, in today's risk averse climate, if the credit card company thinks you're using...Ignored
DislikedWith my capital $6000 I don't have to borrow money at all but I will mental use my CC to my benifit to increase my lot size so I can make more money & ofcos can lose more too.Ignored
DislikedIf/when I start making 10% per month, I would try to get a loan. In UK cheapest way to borrow money is mortgage. £100000 mortgage at 5% interest rate and the repayments are approx £550 per month. youll be making £10000 per month. Pay the mortgage and bank the profits, compound interest on that is large!
Only problem is getting the mortgage, other option is business loan?Ignored
DislikedJust use the credit card and if you blow your account then just go bankrupt.
Wait 2 years and repeat the process.
Easy.
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