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But I’m scared to trade!

Lol someone help me learn it all, how’d you start out did you just jump in or did you read?
Even when I read I’m confused by certain words like liquidate.. and a few more. Teach me the basics!
Also opinions on game stop? Or amc? Help😭😂

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stound

read the motley fool. gather together some money. buy strong companies with products you use and believe in. don't get sucked into quick trades.

stound

@stound games top was a risky buy @$4. now its poised to wipe out a ton of people

ScrewYou · 26-30, F

@stound Thank you for the advice!!

stound

@ScrewYou 'bear' markets are scary, falling prices on everything. 'bull' markets are possibly equally scary, rushing upwards in price. you can make money in either way ('shorting' a stock mean effectively taking a loan out on the price of the stock, then paying for it later. so if I take a loan based on say gamestop now for 1000 shares at $300, then the stock drops back to $4, when I pay it... I'm handing back $4k for a 300k loan. all that said, shorting a stock is wildly dangerous and I've never done one. nor would I suggest anyone to do them. with straight forward investing, there's a hard limit of what you can lose. if you put $200 into gamestop @$4, you could lose $200. that's it. if you'd shorted 50 shares of gamestop @$4 you'd be looking at a loss of around... $15k if the stock was called at $304.)