- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
What kind of idiot trades on margin?
Posted on 2/6/18 at 10:26 am
Posted on 2/6/18 at 10:26 am
Seriously. This just seems how people become homeless and suicide. Days like the past few and reading r/wallstreetbets has me wondering about some folks sanity.
It's like taking a loan to go to the casino.
It's like taking a loan to go to the casino.
Posted on 2/6/18 at 10:27 am to YoungManOldMan
There’s finance courses you can take, my friend
Posted on 2/6/18 at 10:28 am to Thib-a-doe Tiger
I think the best education is learning from some of you saps, personally.
Posted on 2/6/18 at 10:29 am to YoungManOldMan
Margin can be a very useful tool if used properly.
Using it for derivatives and major risk plays, that’s pretty fricking stupid.
Using it for derivatives and major risk plays, that’s pretty fricking stupid.
Posted on 2/6/18 at 10:31 am to southernelite
quote:
Using it for derivatives and major risk plays, that’s pretty fricking stupid.
What? You mean nobody forces you to lever you leverage?
Posted on 2/6/18 at 10:34 am to Thib-a-doe Tiger
I don’t see how those dudes get any sleep levering a levered product like that
Posted on 2/6/18 at 10:38 am to southernelite
So what is the rule of thumb...never trade on margin what you're not able to replace with cash?
Posted on 2/6/18 at 10:47 am to YoungManOldMan
The rule of thumb for you, YMOM, is just don't use margin at all.
Posted on 2/6/18 at 11:20 am to YoungManOldMan
quote:
What kind of idiot trades on margin?
Posted on 2/6/18 at 11:27 am to YoungManOldMan
I do. Not full margin though. I use margin quite a bit. good thing last week I went to close to 30% cash
Posted on 2/6/18 at 11:28 am to YoungManOldMan
quote:been a good day for this. My personal favorite is this guy who lost almost $4million
reading r/wallstreetbets
Posted on 2/6/18 at 3:49 pm to OneMoreTime
I guess me. I used to trade on margin all the time. Not any more. It's a tool.
Posted on 2/6/18 at 3:56 pm to Thib-a-doe Tiger
quote:
There’s finance courses you can take, my friend
Posted on 2/6/18 at 6:17 pm to YoungManOldMan
Folks who trade frequently employ margin to avoid a reg t violations of free riding in a cash account.
Posted on 2/6/18 at 7:19 pm to LSURussian
Very nice gif usage, old man
Posted on 2/6/18 at 7:46 pm to YoungManOldMan
same kind of idiots who buy expensive cars with loans. Why would anyone buy more car than needed with borrowed money? same goes for houses, vacations, on and on..."I've seen more people fail because of liquor and leverage—leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing." warren buffett
This post was edited on 2/6/18 at 7:55 pm
Posted on 2/6/18 at 7:59 pm to YoungManOldMan
quote:
It's like taking a loan to go to the casino.
Using it to take an already leveraged position sure, and going all in with it sure.
But you can make a substantial amount of money you otherwise couldn’t doing “boring” things like picking up an SP500 index asset mid correction and selling on the rebound.
(This is just a very generic example)
This post was edited on 2/6/18 at 8:04 pm
Posted on 2/6/18 at 8:44 pm to bovine1
quote:
I used to trade on margin all the time.
same here and I only did it with futures as i am sure you did also.
Posted on 2/6/18 at 8:55 pm to stonerolledaway
quote:
You really don't need leverage in this world much.
you think it is bad using leverage in RE?
if you say yes.............
Posted on 2/7/18 at 7:15 am to Fat Bastard
Borrowing for real estate is better because it normally appreciates in value but not always, as opposed to idiots borrowing for expensive cars which depreciate every single time. Leverage can work but it is risky not only due to the investment itself fluctuating but also factors can change such as loss of income or in the governments case loss of revenue.
This post was edited on 2/7/18 at 7:18 am
Popular
Back to top
Follow TigerDroppings for LSU Football News