thnx again

*SS*

Gearing will reduce your risk tolerance.
It would be like having 100BI for 200NL then borrowing money to play 25-50NL. Well sure you can now play 25-50 but your capital is still only $20K.
So gearing is good if you get a good tax outcome on medium term outlooks with relatively stable portfolios.

Where say the tax outcome is to offset interests payments vs income…..so you might gear up to match the interest payments with the dividend flow.

But gearing up to trade.
Particularly for novice traders….is extremely dangerous. Those that are suggesting it – either do now know what they are talking about or receive commission from the debt or both.

Given your enthusiasm to get ahead in the world.
Given the effort and professionalism you have put into coaching and this website – as examples.
I would be investing in myself if I was you.
Either by considering small business ideas….
Further education…..
Becoming an entrepreneur….

Over trying to make money out of money,bond, currency or stock daily flucuations.

I did a fair bit of all of those when I was a PC advisor around the millenium.
It is hard, expensive, stressful and if you think poker has variance then gear up and trade futures etc.

but why would you suggest against the day trading?

are you suggesting I would be better suited at something like swing trading? or saying i should stay out of the market completely?

*SS*

I would also advise strongly against gearing your day trading.

I do not want to pour cold water on your enthusiasm but it might save you a whole lot of money.