LogFAQs > #936279004

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red13n
03/26/20 5:41:13 PM
#466:


red sox 777 posted... If you were a really good trader you'd have taken out a second mortgage in February and used the money to sell casino/travel stocks short. Then you'd have flipped your position at the bottom and bought them.. You'd have made a fortune by now and wouldn't need to worry about losing your job as you'd be rich.

For the record things like this don't make you a good trader, they make you a good gambler.

Don't gamble with money you cant afford to lose, even temporarily.

The market may go up but you are always at risk for unforseen circumstances causing a crash. Something like the President getting Coronavirus and being hospitalized or something absolutely would tank the markets. Would the market recover? Yeah, but in the short term(Short term is 12 months) if you needed that money for a bill and don't have it, you arent magically going to get it back.

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