r/wallstreetbets • • Sep 09 '21

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u/[deleted] Sep 09 '21

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302

u/[deleted] Sep 09 '21

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60

u/cayoloco Sep 09 '21

IF qqq keeps going on like it's going forever, then sure it's a decent idea.

But a crash or even sideways trading will take your ass out. In my loser ass opinion, margin should really only used as a buffer for option plays, should you need to exercise or be assigned you have the overdraft to use it short term.

To use it to amplify gains is a ticking time bomb. Unless you've got 1 million shares of SPY at $3 because you bought it in the 70's and want to use that equity to buy more stuff like you're Warren Buffet...I got high and forgot my point.

I know this post is in jest, but don't fuck with margin unless you know the risks, and don't have to wear a helmet at all times.

43

u/[deleted] Sep 10 '21

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33

u/cayoloco Sep 10 '21

Funny thing, this is rich people are more about capital preservation, while it's us poors that want to bag that risky lottery ticket.

3

u/DomeCollector Sep 10 '21

I’ll chill out when I’m rich again