I actually had a guy tell me he hoped “ticker symbol” would hurry and go up .. he had to pay his rent on Friday.
I “suggested” he may want to pull his money off the table and pay what he could.
It breaks my heart to see some of these young folks trading with student loans, rent, tax returns ... money they need for real things in life.
But enough of them make enough to keep the hope alive.
In days gone buy, you had to show that you had the stability to handle a loss.
Before I sold my first option I had to submit financials and a letter of intent .
But hey ... gotta keep the new money coming in ...right?
“It breaks my heart to see some of these young folks trading with student loans, rent, tax returns ... money they need for real things in life.”
$$$$$$$$$$$
True. So many young investors have never seen a bear market before.
Gen Z investor: “Why is my broker texting me about a ‘margin call’?? What is that???”