#1 mistake: Finding out about trading.
- Joined Jan 2011 | Status: Senior Trader | 1,475 Posts
Bulls are stupid Animals!especially when Im short!
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Disliked{quote} #2: Finding out about 100:1 or higher leverages Myself to myself: "Shit! I get $100 for every single dollar I put in? Wow. That means if I gain 30 cents on a dollar, that will mean $30 or I can multiply my account 30 times. This cannot be true. Let me calculate one more time 0.3 x100 = 3 x 10 = 30. That's correct. Two decimal places for 2 zeros in 100 will make 0.3 a 30. OK. If I invest 2 weeks of my pay, with 100:1 leverage, that will be pay for 50 months or over 4 years' salary. I will have that much amount to trade. If I double this amount...Ignored