GOD you brought a PAINFUL memory back!!
I was 25 or 26.
I had bought 2,000 bucks worth of soybean options.
But I read a one paragraph blurb the next day saying they were likely to go down. I had Calls. I sold them.
Back to back FROSTS hit Brasil and DESTROYED the crops.
The market gapped up TWO DAYS IN A ROW!!
IT RIPPED my heart out.
That 2k would have been about 75k 2 days later.
I know clinton never meant it, but I do...
I feel your pain!!
I once mentioned that I was trading soybeans to my parents. I didn’t say options so they probably assumed just soybean futures. The utter look of horror was kind of funny when I look back..but it hacked me off at the time.
They were sure I was going to go broke. For a long time they would say...Are you still trading soybeans like at any minute I would have to move in with them.