Because it is much cheaper to leave your own money invested for the long-run and trade with the bank's cash at low interest. The small amount of interest/fees paid is a tax deductible expense.
lol but sure you have enough taxable income first! no profitable trades = no taxable income. What do you plan investing in for the long run?
Iwilldoit, I'm investing very passively in a couple of ETFs in a non-registered and a registered account. Your first sentence, is obvious and rather silly. However, if one is going to lose money, they should do it as inexpensively as possible as I suggested in an earlier post.
I am omly trade forex as part time still, and never borrow money to bank or other people, maybe if I am borrow money to invest in forex hence already get stress now because many times get margin call account, but still in lucky i am often trade only from bonus free from certain broker
In case (slight chance?) there are people wondering how I am doing... when I put in my loan into my brokerage account, I had a total of $19,700. From there, I went to the low point of $16,750 and to the high point of $21,210, and now am back down to $17,400. Extremely volatile and dangerous...right? Yes, I know. Sometimes I'm not sure if I'm trading stocks or just straight up gambling. So I decided to change it up. I truly believe I am good at daytrading, but having less than $25,000 is not allowing my to do just that. I'm okay on swing-trading, but not something I would bet money on. So to make this ridiculous thread even more ridiculous, guess what I decided to do? I applied for another loan. I really thought I wouldn't be able to since I'm drowned in loans already (have college student loans too) of little over $50,000, yet I was surprised to be approved for another $18,000! The catch is the APR is 28.62%, which is higher than my previous loan but I'm getting more money. I think I'm doing to get about $17,500 deposited into my bank account next week, or the week after. Hopefully next week. That will take my account to over $30,000 so that I can finally..............................................................................................................................................................................................................finally................................................................................................................................................................................................................................................................finally....................................................................................................................................................................................................................................................................................................................................................................................................................................finally.........................................................................................................................................................................................................................................................................................................................................................................................................................................wait .........................................................................................for it.............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................finally............................................................................................................................................................................................................................................................................................................................................................................day trade! I always considered myself as a risk taker, but right now I'm asking myself if this is taking risk or just throwing myself under a bus and hoping I come out alive. And from my experiences from trading, once you start hoping, you better get out. I honestly don't know if I'm hoping or am just confident in myself right now, but I am sure of one thing: This is the most riskiest thing I've ever done in my life. ..................................................................................................................................................................................................................................................................................................................... Once I deposit my new loan into my account, I'm planning on coming back here to post my daily results. I am hoping to get constructive feedback from other and also use this space as a journal to go over my daily trades. Whether I make money or not, I'll keep on posting until A) I quit trading; or B) I don't feel the need to keep a journal anymore. If I feel I am not cut out to make a career out of trading, I will accept and stop trading to focus 100% on my career. Probably go study for that CFA lvl 2 I'm currently procrastinating about... Wish me luck! I really do need it.
Very spirit trader, so far I am still only as retail trader which never invested huge money in forex, and my goal in forex still as treat as part time job only which I am not as full trader and only treat as part time only, for investor that having huge money maybe they can investing and choose best manager funds so they get profit from their investment
Losing money? Easy solution... borrow MORE ......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... at 28%!!!