Quote:
Originally Posted by stocktrader23
Trade on margin, only put as much as you're willing to lose in your account and use less money to hold more contracts. If it drops enough to break you oh well, if it goes the right direction you earn 10, 20, 50 times faster than you would otherwise.
You're welcome again.
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Trade on margin is the worst advice you can give anyone. That's how I got killed back in 2001, I was trading huge volume on margin and making great money until the crash.
I had to sell good stocks to cover the bad ones that had margin calls. Once you sell, it's gone and you can't ride it out.
I still hold some stocks that I picked up in 2008 and am doing well on them, they are my long term holds, but that doesn't represent much of my overall asset base.
I am not doubting the skills some of you guys have, I have learned that I personally can't time the market. So real estate it is for me.