Viewing a single comment thread. View all comments

Glum_Mongoose_8482 OP t1_j1zhklk wrote

Reply to comment by JohnLaw1717 in A goodbye to WSB by Glum_Mongoose_8482

Yes, unfortunately I’m in need to find a source of income soon, and desperate times causes high risk taking

1

JohnLaw1717 t1_j1zhz59 wrote

Gambling on credit isn't an income

2

Glum_Mongoose_8482 OP t1_j1zimlx wrote

Can’t disagree, I was tempted by the idea of day trading and using 5x to quicken the earning process. It was a bad decision but I don’t regret as it was a needed lesson that I won’t repeat

1

Simplevice t1_j1zs7nv wrote

You know that 212 earns 90% of its money on cfds?

1

Glum_Mongoose_8482 OP t1_j21dgrr wrote

Yeah, I know the risk associated with Cfds. And I couldn’t find another platform better than 212

1

Simplevice t1_j21dur5 wrote

It doesnt matter what platform it is. CFDs are banned in USA. That should tell you something

1

Glum_Mongoose_8482 OP t1_j21emma wrote

Yeah, now I know. I was enticed by the leverage, and I couldn’t find a platform that does option initially (but now I do know about Plus500). So I thought why not give Cfds a try, and was told that they use the spread from Bloomsberg so thought it wouldn’t be that bad, I was wrong and lost money.

1