Loan Application - Why you must trade this market

Discussion in 'Trading' started by kmiklas, Mar 21, 2020.

  1. Curious what happened with @kmiklas ? Did you take out a loan? If yes - how did it go?
     
    #41     Jan 22, 2021
  2. Bad_Badness

    Bad_Badness

    You trade when the market offers a good setup AND when you are ready: experience, preparation, capital management etc.

    Just because the market appears hot to you does not mean you should be trading it. That is how that "90%" fail. The "f that" comment, then the "positive attitude" psycho-babble, sounds like a poser acting like a seasoned trader. And then to encourage others?:confused:

    Sub Prime was pretty straight forward. A Pandemic and a decade+ QE exit is a bit more complicated, imo.
     
    #42     Jun 19, 2021
    Tavurth likes this.
  3. Tavurth

    Tavurth

    And if you do, your position sizing should be marked accordingly.

    No use entering 100 times a day if the market blows through every stop because your risk tolerance is too low for >1% hourly swings.

    I've seen, and been cut by boiling markets in the past.

    Entering as if it's a normal but busy day without additional risk management is going to bleed you out.

    Taking a loan out, and then trading as normal, is like seeing a volcano and jumping in without testing the water, all because you've been to a hot spring that one time.

    Being in such a market is important, as it will leave you with a sense of the massive scale you're dealing with, but dedicate a small percentage of your capital to doing so, if it's your first.
     
    #43     Jun 19, 2021