LimLims
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July 29, 2019, 04:09:30 PM |
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I have bought my funds from my salary and few of my savings. But, whenever I face losses I remind myself that I should now take off my savings for trading. I think this a very subjective thing. It completely depends on individuals skills and capacity.
Completely agree with you. In short i too will do the same. Savings are really helpful in order to get up from the losses. For trading we use some of our savings and when we get profit, we take the principal amount first and trade with the little profit. This is the way, i do oftenly.
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^BuTcH^
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Moni
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July 29, 2019, 05:17:50 PM |
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Margin trading is a good instrument if you don't take too much risks, but lending money on lending boards like you do isn't right approach. You will never earn and you will be so stressed trading with loan. If you have track record, then you can join copy trading service, prove your skills and big money will find you
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guoyu78
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July 30, 2019, 05:38:27 PM |
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The wrongest source of capital you can ever use of trading is loan, loan is a risk that is not necessary, you might be getting away with it right now but the day it will burnt you, I hope you don’t come crying back to us to look for solution because by then, it would have already been too late for anyone to help you.
When it comes to cryptocurrency investment, people would always advise you to trade with any money that you can afford to lose or let go off for a very long time and if you look at loan, loan does not meet any of the above suggestions. It is better you take your time to safe and then use it for trading, cryptocurrency is a volatile market and what if something happens to that coin you are trading, how would you pay your loan back.
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davinchi
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July 30, 2019, 06:43:10 PM |
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The source of capital for trading is not much important to me. What I consider more important is if I have the ability to make money from trading. If I am sure I can make money from the market I don't care using my salary or even taking loans from Bank to fund my trading account which I know many people do that. It all gets down to how skillful you are and the confidence you have in your trading strategy.
Don’t assume that many people does that, I believe that if you take a survey now and ask how many people would encourage loan, you will see that only 10 percent of the questionnaires will support loan, loan is not a good idea at all, and no matter how great you are or skillful you are, loan is too risky. People do make mistake, and you can never know when he mistake will come, even the so called professional trader will never boast of making mistakes sometimes in trade that usually do cost them a whole lot. Imagine you making some huge mistake that will make you lose your trade, if it was your money, you will only feel the pain of losing, but with loan, you will not only feel the pain, you will also start getting worry about the loan also. Your salary is still quite okay, that is what I use also.
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LogitechMouse
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Play Poker on Telegram
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July 31, 2019, 06:59:31 AM |
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For the traders here, have you tried trading with both source of capital, which is your favorite and will be your advisable source of capital based on experience?.
If you borrowed your funds in trading, you will be pressured and at the same time motivated because you need to pay the loan you borrowed in a certain time and because of this you will be more focus and dedicated in trading. If you are using your own capital in trading, there is not that much pressure in it because it is your own money. I think both of them has both pros and cons although I didn't borrowed any money yet for trading. I only use my own money in trading.
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arpon11
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July 31, 2019, 07:02:22 AM |
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The source of capital for trading is not much important to me. What I consider more important is if I have the ability to make money from trading. If I am sure I can make money from the market I don't care using my salary or even taking loans from Bank to fund my trading account which I know many people do that. It all gets down to how skillful you are and the confidence you have in your trading strategy.
Don’t assume that many people does that, I believe that if you take a survey now and ask how many people would encourage loan, you will see that only 10 percent of the questionnaires will support loan, loan is not a good idea at all, and no matter how great you are or skillful you are, loan is too risky. People do make mistake, and you can never know when he mistake will come, even the so called professional trader will never boast of making mistakes sometimes in trade that usually do cost them a whole lot. Imagine you making some huge mistake that will make you lose your trade, if it was your money, you will only feel the pain of losing, but with loan, you will not only feel the pain, you will also start getting worry about the loan also. Your salary is still quite okay, that is what I use also. I will not support taking loans for investment into liquid assets like forex and cryptocurrency as this is going to affect your performance and also shaping your investments decision. We have stories of people be in problem now because of loans. Someone in one of the states in my country went into a loan from a microfinance bank to invest into cryptocurrency in 2018 February with collateral of his house! The bearish market that happens throughout last year forced him to sell all the coins in September and the court has revoked the ownership of the house from him. I think it will be a big lesson to avoid loan for cryptocurrency investments.
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maxreish
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July 31, 2019, 07:06:32 AM |
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My capital in trading was from my signature campaign payments. So far, I am rolling that as my funds in both bitcoin and altcoin tradings. But I've never tried borrowed money as a fund in trading, it will be very hard to recover if the market suffers from long bear and the problem is that it isn't your own money. It's better if you buy bitcoin with your own salary even if it will dump, nothing to worry but you can just hold it even longer.
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carter34
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July 31, 2019, 08:45:14 AM |
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For what op said, I don't think the money used for trading makes a difference or that it adds additional inspiration. I just think Op entered the right trades at the time he used loan money to trade not that he got an additional skill or because maybe the market understood it was borrowed money, nope ! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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ufaiz50
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July 31, 2019, 09:47:16 AM |
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I never traded using capital from loan, I think if you use the capital from the loan, it means your burden is heavier, indeed the motivation to generate profits will be high, but for those who fail and cannot bear the burden of loan, it will be very frustrating, this the experience of my friend even felt like suicide because of his debt. In my opinion it's better to use your own income capital, while for motivation you can build your goals so that it can inspire you to do your best.
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ethereumhunter
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July 31, 2019, 01:32:57 PM |
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When you decide to start trading by borrowing money from other people, you should think about how you will going to pay that money. And if you cannot make a profit from trading, then you will be in trouble because your money will reduce and you will get a loss in trading. But that will not be a problem if you have skills so you can try to make a profit from trading so you can pay back the money. Although you have skills, it still difficult to make money if the market situations are not good to trade.
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zinjo
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July 31, 2019, 03:35:30 PM |
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I believe that to gain experience you have to trade your personal capital. Only after you are confident in your abilities, you can try to trade borrowed funds. Because in this case it is impossible to make mistakes and this method can be tried only to get new sensations from trading.
These are all always follow the most traders, at the same time traders comes under the stock market so they have good experience experience in trading platform. But crypto trading is little different from normal trading so I earn 50 percent profit on suddenly then some tokens and altcoins are most complicated investment and huge profit investment. I always set the satisfy percentage of trading so automatically it will make some profit.
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Bitcoin Seller
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July 31, 2019, 07:52:46 PM |
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IMO trading in the volatile market with borrowed money is not correct. I do not know what you think about it, but I always try to trade my own money. Maybe the amount is small, but it is better than paying someone interest. Conversely, you can make your money 2x-3x with borrowed money, that is up to you.
Borrowing money is the last thing which I will agree to do but only in a case when I will need this money for something that will help life. Investments are another pair of shoes: here you invest somebody's money and returns yours. There is a high risk to lose everything and get a huge debt, starting to work only to return everything that you decided to lend.
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Mahanton
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July 31, 2019, 08:32:18 PM |
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IMO trading in the volatile market with borrowed money is not correct. I do not know what you think about it, but I always try to trade my own money. Maybe the amount is small, but it is better than paying someone interest. Conversely, you can make your money 2x-3x with borrowed money, that is up to you.
Borrowing money is the last thing which I will agree to do but only in a case when I will need this money for something that will help life. Investments are another pair of shoes: here you invest somebody's money and returns yours. There is a high risk to lose everything and get a huge debt, starting to work only to return everything that you decided to lend. As a last resort i would definitely consider this option but it wont really be necessary yet you know the risk on falling into debt is real which makes more the situation more harder for you.Better to trade off into the amount which you do earn first even on small chips yet you are still on a trial or test phase and if you do see that you would need to borrow money for some bankroll or capital add up then thats the time but make it sure that you would able to repay.
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R |
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BitHodler
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July 31, 2019, 10:06:33 PM |
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Holding should never be the goal if you're trading because that's for investing in a long term imo. If you're trading, whether it's swing trading or day trading, you should always aim for profits and tolerance of loss up to some point, and never resort to holding when you fail.
I have done that quite frequently when I was still trading, and it actually worked out well. I know it's definitely not something you should do as rational trader, but in my case as a hodler I can't really go wrong doing so. Before the $6000 mark broke last year I bought spot purely to flip it for a profit higher, but the trade itself didn't works out well. I decided not to sell at a loss but hodl instead, which at current levels has offered a great entry point. Looking at how most traders react to a change in market dynamics, they have no problems taking a hit to ride newly formed trend. Get rich quick noobs have no problems selling either because they always sell when the price dumps.
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BSV is not the real Bcash. Bcash is the real Bcash.
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nydiacaskey01
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July 31, 2019, 11:45:20 PM |
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I don't think its a good idea ti borrow your capital just to trade. Imagine what will happen if all of a suden the price of the coin that you bought dropped and its about time that you have to pay up. Even if its a long term loan like 1 year payable in installments. I know some people who used their credit limit to borrow and buy Bitcoins when its on a bull run.
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erikalui
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August 01, 2019, 08:23:21 AM |
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Being in debt for trading is the worst thing as the income is not guaranteed and plus you need to repay it soon with interest. I used to trade in 2017-18 and in May 2019 when the market conditions were good and it was mainly in altcoins and BTC/ETH pair. I not only traded on crypto exchanges but on Forex too which had a stop loss option and all the investment was either the money I earned from the forex as a free deposit or was from the profit earned. I noticed I was more comfortable trading with the money given by the forex as a bonus even though I made losses of about $50 but I was able to easily recover it when BTC/ETH pair started fluctuating a lot. I barely trade on crypto as there is no bonus at all and plus their withdrawal fee is ridiculous.
Capital investment should always be your own money whether it is as small as 0.01. Never to use it for gambling/trading.
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sana54210
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August 01, 2019, 04:42:14 PM |
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especially large capital obtained through loans will certainly be a heavy burden. but the positive side is that we will not be able to play in the trade, because must be succeed disini. different from capital that comes from savings, sometimes making people tend not to be serious in this business
It is money we are talking about here, and I doubt if there is anyone that wants to joke with his money irrespective of the source it is coming from, how can someone save for so long after he must have suffered for it, and you think he will just dump it in the market with caring or getting serious about it. The only source of capital that should even be encourage and recognized for trading and investment in cryptocurrency should strictly be savings, because anything out of savings Is simply at the risk of such investors. Savings can still be controlled, when you lose your investment that come through savings, you will worry less than losing loan. In fact loan investment can even make such trader to omit suicide if he cannot pay back again.
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vintages
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August 01, 2019, 05:57:04 PM |
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I won't even think of borrowing to trade in cryptocurrency. I have been in a situation where I borrowed and I always constantly in thoughts of how to repay back that loan cause I hate owning. The experience is really not encouraging. It is best I trade with my money than trade with borrowed funds because the market is sometimes unpredictable. You can still be determined when trading even with your funds; the thoughts of losing your hard earned money will keep you determined to gaining it back. With borrowed funds, it's more like pressure for me.
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pixie85
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August 01, 2019, 11:00:15 PM |
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I don't trade with borrowed money and always tell people not to do it. It's not only more stressful but also can get you in trouble. What would you say if an exchange owner played with your money and lost and you couldn't withdraw and had to wait for him to earn back? What will the lender say when you lose his money? How will you pay it back?
If you want more risk and more reward trade with leverage but with your own money.
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bering
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August 02, 2019, 05:35:56 AM |
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There is no other way indeed if you have no money to increase your initial capital of money to trading unless you borrowing money which is very risky because if you lost and run out the money then you have to pay your debt but based on my experience i was never borrowing money as my capital trading and all of it i get from my salary works and from signature campaign payment
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