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RE: Borrow To Trade? - Why It´s A Stupid Idea To Borrow Money For Trading!

in #trading6 years ago

That could be a possible scenario but take a look on the market just now. It´s down 20% easily in an hour so you could get stopped out right away loosing your 100$ in a minute. It´s just too risky to invest with borrowed money and I guess no one will be able to convince me otherwise.

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You're right. But there were coins in the top 100 which could've offset your losses in the top 10 coins. Some were 30-60% up. Spreading is important. I'm not suggesting that everyone should get a loan to invest in this market. My point is, I believe it's possible and doable. But not everyone has the talent to do so, including me. Thanks for giving time replying to my opinion man. I appreciate it.