LIm selling an iPhone here and asked for a loan so I can start my trading journey (hopefully soon) but the trading strategies got me thinking. How well do you define that for yourself? Or think about it? write down or on the wall or whatever?
To someone I asked for some money with a loan status and the person I asked was willing to give me a loan on the terms of the repayment period and the amount I would return.
I took money from him to make a trade and when the payback time came, the trade I made had not entered the profit chart and was even in a losing position.
I gave reasons that made him willing to wait a few more days to receive the money I loaned him.
I did not give examples when trading in profitable positions, but in losing ones.
Approximately, in a situation like that, is there a sense of comfort that I find in trading?
Loan money is not a good idea in trading.
Think again if trading with the model of loaning money to other people.