Wallen wrote:
Thanks.
Trying my foot in the stock market, sadly i got myself into a mud puddle. Of the thousands of companies out there, I got myself into a bad door.
I did get a $250 lesson.
Consider this a warning to others out there. Be safe everyone.
$250 is probably manageable for a lesson. Mistakes are the best teachers.
I flunked Economics in college but I got a wife with an MBA. She's pretty good at the market. Most people think of stocks in terms of buy and hold. There are actually 6 different ways to trade stocks.
Puts and calls give you a lot of leverage, but the leverage works both ways for gain and loss. You really have to know what you're doing and know the characteristics of the stock you're dealing with. Some of them are more volatile than others (more moves in unexpected directions).