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      07-23-2008, 04:53 PM   #88
bolinp78
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Drives: 2008 335i (AW)
Join Date: May 2008
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Quote:
Originally Posted by darkphantom View Post
yeah, I'm in for a quick gain

Congratulations,

You have just discovered the quickest and more sure-fire way to lose all of your money in the stock market!

Also, you mentioned that you were shorting.. Another very good way to lose a whole lot of money over the long haul if you don't know exactly what you are doing because of the very steep downside involved.

To anyone just getting involved in the stock market, I advise you to be very conservative. If you are even THINKING about shorting a stock, consider just writing covered calls instead, which limits your downside.

I am not trying to belittle or insult darkphantom, but it appears to me that he is not experienced enough to be giving 100% sound advice.

That being said, I do not believe that I have the necessary experience either, I am just trying to clear up some confusion and misconceptions that his post might have caused.
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