Oh, see you need to study up on one of my heroes, Mr Buffett. His number 1 rule is to: NEVER LOSE MONEY.
His number 2 rule is to NEVER FORGET RULE NUMBER 1 !!!!!!
You will make it back here. Take it from me, options and margin are straight from the devils toolbox!
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Haha, I am reading up on Mr Buffett's mentor right now!
I'm about a quarter of the way through The Intelligent Investor. It is a great read.
You are not kidding, options and margins can be rough! Thankfully, I only did margins on demo accounts and decided I wanted to work through a different medium.
I enjoyed The Snowball.
I lost some sleep to margin accounts. If a client's margin account goes negative, the firm is looking for someone to pay!
Have not read that one yet.
Oy, those would be some sleepless nights.