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The Ox
To: Sultan who wrote (5796)6/17/2020 5:36:23 PM
From: Return to Sender1 Recommendation  Read Replies (1) of 5824
 
It's just so sad to think that so many people are now trading stocks and options with no idea how much they are putting on the line with a margin account.

Some are young. Some are just new to the market.

When I was both; I suffered through a lot of learning the hard way. Like to never place a market order for a large number of shares of a thinly traded stock and expect the price to be anything remotely close to what it was selling for at the time the order was placed. I still cannot believe how much they walked the price up to this day.

Since then nothing but limit orders.

I also later ended up with a margin call trying to catch a falling knife of a stock.

Inexperienced investors buy stocks and options thinking that huge gains are the almost guaranteed.

After all everyone is making huge money even the guys that used to make money betting on sports are killing it. It's 1999 all over again in my opinion.

The FED has created a false sense of security for the uninitiated trader/investor. The rotational and irrational speculation in stocks that either are declaring bankruptcy, or clearly could soon be bankrupt companies, is a sure sign of that fact.

People can and do lose more than their money using a margin account.

Definitely tragic...

RtS
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