South Park
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February 28, 2020, 06:28:02 PM |
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I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum, whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion safe as long as we can make a profit and smoothly repay loan installments to the bank.
Your friend is correct in his assessment, even if you are a great trader you should never ask for a loan in order to trade, the reason for this is that even with great skills there will be times in which the market will not cooperate at all and you will incur several losses in a row, it is hard enough to try to make profits in the market without having to pay interest to a bank if you add a handicap like that I can guarantee you that even most of those that obtain profits in the market will be unable to pay their debt with their trading skills alone.
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deisik
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February 28, 2020, 07:18:58 PM |
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That guy sounds like a professional trader though, in trading, having a big or small capital does not really matter. When you are good, you are good The reality is quite different, though You may be good with a small capital and quite bad with a bigger one. Trading is not so much about technical skills as about having the right mindset. And with bigger capital, the time-tested approaches can be easily disrupted due to psychological factors of never having to deal with a substantially bigger capital before This is not even the point of discussion as the numerous examples of people who suddenly became rich and then ended up even poorer than they were before speak for themselves. There is no abstract "professional trader", professional everywhere and with any amount of money at their disposal
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Kasabus
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February 28, 2020, 10:59:02 PM |
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I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from the bank as trading capital, but he refused with the reason too risky and insecure Your buddy does everything right And anybody in your place should refrain from recommending such things. If he follows your advice through and fails, losing the borrowed funds while still having to pay the debt, you will be to blame, and rightfully so. Apart from that, trading with one's own money is not the same as with the borrowed funds (read, someone else's money), while trading with 500 dollars is not the same as trading with 10x as much Yes. It's a very risky thing if you trade with your borrowed capital than using your own savings. No one knows what will happen in the future even how capable and skilled you are, you are still prone to losing. So it would be better to trade only what you can afford to lose than trading a big capital which if you lose it all, you will still suffer paying for it.
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Mpamaegbu
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February 29, 2020, 03:21:34 AM Last edit: February 29, 2020, 04:25:00 PM by Mpamaegbu |
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I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum, whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion safe as long as we can make a profit and smoothly repay loan installments to the bank.
Your friend is right. It's wrong and high risk taking out a loan from a bank to trade because any losing trade on his part will cause him to panic. Trading doesn't need panicking and banks don't like excuses once it comes to repaying a loan. No excuses whatsoever. This is where you get to hate the bank. Let him build on his small capital and with constant profits from winning trades it will grow. Then he can take bigger risks and bigger profits.
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Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
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nicolas1979
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February 29, 2020, 03:30:53 AM |
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But I see he always uses capital under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from the bank as trading capital, but he refused with the reason too risky and insecure.
Your friend is professional trader, he know his limit and safe place for his strategy. Using bigger fund to get bigger profit from bank loan is not wise decision, there's risk and pressure when he fail, in psychology knowledge we should avoid it. We can say he doesn't like challenge but I'm really sure if he move from his safe zone it will give bad future for his economy. Let him in his position right now and I suggest you learn trading from him, I promise you'll success like him, even better.
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mbakruroh
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February 29, 2020, 07:45:20 AM |
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He found his way and the right place for his future is trading in safe mode, don't blame/ judge him for his decision. I'm not good trader but I think people feel comfortable in safe place than must leave into new place with grey result. For me ( personal opinion ), leaving safe ways and test strategy using big fund is worth to try, if fail at lest he know there's line couldn't pass.
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michellee
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February 29, 2020, 11:20:17 AM |
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I think we don't need to use capital from the bank loans to trade if we can trade with making a nice profit because you will make another risk in the pay that money to the bank. If your friend can make a profit from his trade, then I agree with him to make as much profit as he can and never borrow money from the banks. The risk and insecurity will be the important thing that we need to think about because it is about how we can pay the money, and I think your friend doesn't want to get more risk by the banks.
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bitcoin31
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February 29, 2020, 01:21:58 PM |
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Even your friend or you are professional trader or you know many information about trading using money that you borrow to the bank is very risky because we know Bank loan is very restrict and once you did not pay you go to jail instantly for sure and the percentage of interest is high. Just use the money that you have and don't lend to the bank.
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bitgolden
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February 29, 2020, 04:17:14 PM |
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You’re just trying to misleads your friend man. How do you advise someone to borrow loans and trade with it? Why don’t you give money instead and forgive him when the trade goes wrong? For sure you would not do that but you are advising him to borrow loan. Borrowing money to trade is a very bad idea and you should know that.
Imagine that he lose that money in trade, I hope there will be a means for him to be able to make up and pay it back right? It would be best for him to continue with the $500 he is trading with and keep taking it a little until he grows big. It’s not good to be rushing these things, it’s best to do with what you can afford to avoid regrets.
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btcholder
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March 03, 2020, 05:13:23 AM |
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That's why your friend have good trade skill. There is no idea he/she is a professional trader. A good trader never being a greedy one. Literally everyone will say you that trade with that money which is not so much mean to you if you get loss. Cause crypto currency market run very fast and this marketplace is so sensitive that's why your friend didn't risk to much which is good idea in my opinion. Well everyone will be want to catch big fish but sometime stay low is a better option, specially in crypto currency market.
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Kelvinid
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win lambo...
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March 03, 2020, 01:11:15 PM |
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I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum, whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion safe as long as we can make a profit and smoothly repay loan installments to the bank.
And you can't underestimate the risk to be followed in acquiring such loans from the banks. Such a thing you can't avoid when you are in the trading field but if your friend has that kind ability, then why not have to try it. But I could suggest that not to borrow for that big amount, it is getting safe if we just started at a small amount. As we know, crypto trading won't work that easily as many others think about it at first. If he was able to make good and profitable with a small amount, then it was time to increase his capital and make additional bank loans.
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ArIMy11
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March 03, 2020, 01:21:02 PM |
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It is not safe. You're not 100% sure that you will earn in trading in order to pay your loan. Loans do have interest and you'll not gonna like seeing it growing because you have no money to pay for it. For now it is OK to use small capital. At least he can still afford to lose some small capital. As what you have said he manage to make profit, then make that small capital grow.
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Quidat
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March 03, 2020, 01:24:51 PM |
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I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum, whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion safe as long as we can make a profit and smoothly repay loan installments to the bank.
And you can't underestimate the risk to be followed in acquiring such loans from the banks. Such a thing you can't avoid when you are in the trading field but if your friend has that kind ability, then why not have to try it. But I could suggest that not to borrow for that big amount, it is getting safe if we just started at a small amount. As we know, crypto trading won't work that easily as many others think about it at first. If he was able to make good and profitable with a small amount, then it was time to increase his capital and make additional bank loans. This would really need some serious consideration if you do plan to take a big loan from banks.Come to think that you should able to repay those loans in a particular or exact due date to avoid penalty problems or else you would really make yourself submerge into a deep debt. I cant say it is safe but its also one of the way on extending out your chances on making more profits but this will all depend on how effective your are or profitable into your trades but if you arent sure on your skill then better not consider this option.
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ScamViruS
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March 03, 2020, 01:39:11 PM |
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I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum, whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion safe as long as we can make a profit and smoothly repay loan installments to the bank.
It is not fair to trade with a bank loan. Your friend's trading skills are good. Therefore, you should not trade with a bank loan. There are a lot of risks here. As he trades using his own funds, there is no pressure. When he trades with a bank loan, there will be a monthly installment pressure. And in that pressure, he can make the wrong decision. The result will be a huge loss.
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sheenshane
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March 03, 2020, 01:42:59 PM |
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It is not safe. You're not 100% sure that you will earn in trading in order to pay your loan. Loans do have interest and you'll not gonna like seeing it growing because you have no money to pay for it. For now it is OK to use small capital. At least he can still afford to lose some small capital. As what you have said he manage to make profit, then make that small capital grow.
Tend to agree with this, borrowing money with someone else or even in the bank is a very risky part because you don't know if you will earn a profit or lose. Start with a big capital in trading is a good idea but when it comes borrowing on it just to have capital isn't a good idea anymore. Because trading for me is just like gambling, you didn't know it will give accurate profit. That's why I prefer capital that I can afford whether win or loss at least that's come from my own pocket. The possible outcome or consequences is probably double jeopardy.
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Gheka
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March 03, 2020, 02:02:24 PM |
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It is not safe. You're not 100% sure that you will earn in trading in order to pay your loan. Loans do have interest and you'll not gonna like seeing it growing because you have no money to pay for it. For now it is OK to use small capital. At least he can still afford to lose some small capital. As what you have said he manage to make profit, then make that small capital grow.
Tend to agree with this, borrowing money with someone else or even in the bank is a very risky part because you don't know if you will earn a profit or lose. Start with a big capital in trading is a good idea but when it comes borrowing on it just to have capital isn't a good idea anymore. Because trading for me is just like gambling, you didn't know it will give accurate profit. That's why I prefer capital that I can afford whether win or loss at least that's come from my own pocket. The possible outcome or consequences is probably double jeopardy. Your thinking is not wrong when loans from banks always force us to pay monthly profits, besides, trading has no concept of absolute success, so we will have a lot of pressure, from making a profit, avoiding loss and paying interest to the bank but we still need to remember that trading is not completely gambling when we have the knowledge, and no investment is 100% guaranteed. If the risk could be doubled, the profits would correspond, even more when we make money in the crypto market, therefore, with sufficient confidence in the skills, this option may still be considered
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RealMalatesta
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March 04, 2020, 06:54:12 PM |
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I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum, whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion safe as long as we can make a profit and smoothly repay loan installments to the bank.
I have to say that your friend is really a wise person. He would enjoy smaller profits rather than taking big risk and that is what would never make him face excess loss. I went across a number of people who have similar thought of taking financial loan from banks and utilizing that amount in trading to make profits but have you ever thought what would happen if you face loss with that financial loan and now you do not even have money to pay the EMI of the loans? This would keep on multiplying your actual loan amount and you would need to pay hefty charges for maintaining your credit line. You might even end up being bankrupt if you do not have proper management and that is the reason why I would prefer each and everyone to stay away from this kind of thinking. Never be greedy. Your greed is making you ask this.
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Mahanton
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March 04, 2020, 07:29:32 PM |
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It is not safe. You're not 100% sure that you will earn in trading in order to pay your loan. Loans do have interest and you'll not gonna like seeing it growing because you have no money to pay for it. For now it is OK to use small capital. At least he can still afford to lose some small capital. As what you have said he manage to make profit, then make that small capital grow.
Tend to agree with this, borrowing money with someone else or even in the bank is a very risky part because you don't know if you will earn a profit or lose. Start with a big capital in trading is a good idea but when it comes borrowing on it just to have capital isn't a good idea anymore. Because trading for me is just like gambling, you didn't know it will give accurate profit. That's why I prefer capital that I can afford whether win or loss at least that's come from my own pocket. The possible outcome or consequences is probably double jeopardy. Your thinking is not wrong when loans from banks always force us to pay monthly profits, besides, trading has no concept of absolute success, so we will have a lot of pressure, from making a profit, avoiding loss and paying interest to the bank but we still need to remember that trading is not completely gambling when we have the knowledge, and no investment is 100% guaranteed. If the risk could be doubled, the profits would correspond, even more when we make money in the crypto market, therefore, with sufficient confidence in the skills, this option may still be considered It always can be considered or an option to take if you are that confident to your skills towards trading.This is way more better than spending those loaned money into something which isnt worth or doesnt generate income for you like gambling or just simply shopping out those funds or according to your likes and doing such thing is just like hammering your own head since you do just simply making a problem when the repayment or due date comes. We know the capability of trading on making tremendous profits if its done well and some sort of luck which paying up that loan will be somewhat easy.
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imstillthebest
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March 04, 2020, 08:00:29 PM |
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i think i already heard a simillar to this but it was gambling related . the guy also ask that he will gamble a loan money from a friend because he had a skill . not sure if you are related to it ? and this time you use the word trade and banks . trading is less riskier than on gambling but the said amount on the op is still huge imo . better if you lower it and see if how things go , on trading you can possibly earn if you have an ability or skill but you cant say that it is safe . safe only means that zero risk .
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South Park
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March 04, 2020, 09:31:39 PM |
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You’re just trying to misleads your friend man. How do you advise someone to borrow loans and trade with it? Why don’t you give money instead and forgive him when the trade goes wrong? For sure you would not do that but you are advising him to borrow loan. Borrowing money to trade is a very bad idea and you should know that.
Imagine that he lose that money in trade, I hope there will be a means for him to be able to make up and pay it back right? It would be best for him to continue with the $500 he is trading with and keep taking it a little until he grows big. It’s not good to be rushing these things, it’s best to do with what you can afford to avoid regrets.
Not only that we do not really know if his friend is really good at trading, many believe that as long as they win a few trades then they have a system that works but in order to verify that what you are doing works you will need to backtest it against several different markets and compare the performance of your system, most traders never do that so they do not have a clear idea of how profitable, if any, their system really is, so it will be a mistake to get a loan under those circumstances.
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