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Re: LootForMe2 post# 127453

Friday, 03/02/2018 7:42:11 PM

Friday, March 02, 2018 7:42:11 PM

Post# of 179945
Lol! I don't mind losing other people's money as long as I don't have to pay them back :) But I'm afraid that's not how it works if you get a margin call from your broker.

But I'm like you, my personal stock trading account is in a cash account. I don't have to worry about TD Ameritrade using my shares for people who want to short the same stock.

I have a Forex account that's margin. But trading currencies is a different beast. Using margin is OK as long as you're not being too greedy with excessive leverage and you set up your trades knowing beforehand the most you're putting at risk.

For example when I set up a Forex trade the most I'm willing to risk on any trade is 3%. I usually set them up where the most I can make is 20% and the most I can lose is 3%. The nature of the beast is I lose more trades than I win but when set up like that I still manage to make money that way.

Have a good weekend!

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