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So, trading usually can offers a lot of leverage so one doesn't need much capital.
However, I sell options on futures and there seems to be no leverage offered for this particular trading method. So I am hoping to get leverage normally from other means. If anyone has ideas. Please share.
Also, I get the initial reaction of recommended no one do this, its dangerous, its stupid, etc, but, I am hoping we can respect that we are all adults here and should be allowed to make their own decisions, regardless of what you think of said decision.
Ideas I am brainstorming
Margin loan from broker
Get $300k in total credit lines
Raise $30M and charge 1% fee
More detailed options
SoFi offers personal loans up to $100k
PayPal business offer loans up to $150k
CC limits vary, business cc limits seem to go up to $50k each
I am not sure how much brokers are willing to loan
Anyways, hope we can just stick to the topic rather than opinions of said topic. If anyone has ideas on how to get money/cash for trading. Please share. Even better if its from experience
Thanks
Can you help answer these questions from other members on NexusFi?
If you know what you're doing, then a bunch of credit cards can put together trading capital. Realistically, the worst case scenario is that you lose and the banks are SOL.
I'm in America, not sure how the laws are elsewhere.
If you sell naked options on futures from just one side, then the risk for the broker is extremely high, as it is for you, and so this you will not get any special conditions from any broker.
If you sell straddles or strangles, just to mention two option strategies beside some even more specialized ones, some broker offer you better conditions.
Ever think about starting a https://www.gofundme.com account ?
In browsing the website, I could find no instances of funding an investment or trading account.
Alas, they have no search facility.
Find instruments that require less and more affordable margins for doing this, example case here could be any other country Index FNO.
Some times, some brokers directly offer higher margins in these countries.
This will be much less hectic and easier to manage than that of putting together a large credit from somewhere.
Or find an individual to fund you, jot down a profit sharing agreement with limited to no liability as this is direct market risk exposure. There are plenty such a people, you just need to install in them same confidence you have in your own trading capability.
