I can see how you could fool yourself into thinking this is a good strategy.Back when I had a full-commission broker, she suggested trading S&P500 Index futures contracts. I put in $7,000 to try it out. All I was willing to lose at the time. She made several trades a day. It was a great strategy. I doubled my money every week for three straight weeks! Wow! But then my investment dropped 50% every week for five straight weeks. She then requested more money because the brokerage firm had a minimum amount for trading those contracts, and I had gotten below it. It did not seem like a good idea, so I put no more money in that. She traded some more on her own personal account and lost a lot more. She really believed in that stuff, but learned slower than I did.
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