Hi /biz/, tomorrow im going to leverage my whole bank account of $1,000,000 AUD for 100:1 on a forex trade for AUD/USD.
The the currency I get from this exchange, I'll have $70mil usd and use this amount to make a firm think I have enough collateral if the trade goes bad (It won't) and will be safe to be given the option to short $20mil worth of BHP shares.
Hoping that these shares fall (I know they will in the next month) after I sell them initially, I'll buy back my short, making and enormous profit in the 10s of millions.
After this I will trade back my USD to AUD, with the falling Aus dollar, I will have made another 3% profit.
So /biz/ I know my plan is slightly risky but I know I will be rich after this.
in the stock market, money flow to those with information. You don't have any new information. The BHP shares might drop, they might not. AUD/USD exchange rate might go up, or down, or stay pretty much the same. You don't know shit, not anything more than all the people that are buying and selling.
You may win, you may go broke, but it all adds up to normality. All you're doing is putting all your money on black and paying the casino a small fee in the process.
you're about a year and a half late to that one faggot, I was doing it over the summer and covered around 30 because I felt it was getting a little compressed, obv missed out on 50% more gains from there but oh well. At $20 in the current market with materials/commodities bouncing it's a buy.
But please do go through with this and post results, will be quite amusing.
>This is my plan, but I'm going to do it with far less money.
>If I make it seem like I have alot, retards from 4 chan will give me advice instead of calling me an autist.
>Actually having this much money and seeking advice here.
God you're a fucking faggot. Fuck off with your shitty high risk ideas.
>I know they will next month
If you're so sure, go fucking do it.
>Hi /biz/, tomorrow im going to leverage my whole bank account of $1,000,000 AUD for 100:1 on a forex trade for AUD/USD.
famous last words
>but I know I will be rich after this.
Your trade will be frontrunned. Even implying you will get away with a similar leverage, your order will be sent in a single block on the ECN. Algos will maul your entry and you will get a significant slippage at a worse price.
Then, whoever is out there working for a prop with half a brain will make a few phone calls, go against your trade, you get out, and your liquidity gets used to fill shorts again from a better price.
Now just tell me when you are going to do it exactly so i can properly fade your move
it is hardly a huge order... if he's dealing with serious ECNs... also can hardly get front run if the size is there and he submits a market order... no reason why he needs to execute the whole thing in one go either