Join this channel to get access to perks:
https://www.youtube.com/channel/UCJwKCyEIFHwUOPQQ-4kC1Zw/join
https://www.youtube.com/channel/UCJwKCyEIFHwUOPQQ-4kC1Zw/join
By Stock Chat
where the coffee is hot and so is the chat
stock chatter from around the TUBE… come chat with us…
where the coffee is hot and so is the chat
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Tom, thank you for sharing this gentleman's situation. You truly humanized him. I hope my advice helps him. I hope my encouragement inspire him.
In tough times, only the kind survive.
That's a tough situation to be in.
I truly feel bad for the man. He thought he saw an opportunity, in a crazy time where opportunities can happen.
To this gentleman I say this, "You made a bad decision, but that does not mean you are bad man or failure of a man."
This is important for you to know.
Second, you've accomplished the additional step of asking for help.
That, right there, is the most humbling of experiences.
I know, because I've been there.
Now that you have made this request for help, let me inform you about the Third Thing: Vultures are flying overhead looking to pick your bones clean. Your wife and children are these bones and muscle that can potentially be stripped from you. I've been there sir, and I lost everything that ever mattered to me. And, honestly, I don't even wish this fate upon my previous enemies…
You need to do two things at the same time; (1) Secure and Isolate your assets that you currently own. (2) Have an honest discussion with your wife and your children about why things are going to get tough.
Then, You Need To Do The Third Thing: Present to your friends the problem that you need help with, and hope that they will help you get through this problem. This is where picking your friends wisely really matters.
Get the wife and kids on board with the possible down time. Now make sure to find the friends that will bring you back to the uptime. Then make it a point to pay those debts back as quickly as possible.
All in All sir, I truly wish you the best of luck. I hope you and your family survive this strait you are all in, and that you eventually prosper. Hopefully that prosperity comes sooner than later.
He would have been much safer just holding till 2027. He would sleep like a baby and still be smiling. I truely hope he just clears the books and starts all over again. Never use leverage!!!!
Don’t try to time the market. Wait 5 to 10 years.
Better!
Sell everything and preserve what you have.
Great video, praying for the other guy
He’s soaring TO THE MOON 🚀 like the Hindenburg. For a person that managed to accumulate that amount of money, this is the last thing I would have expected from someone like him
Never use margin… Never listen to random dude on youtube, be selective….Keep investing in blue chip stocks
Was about to recommend a few books about psychology in the markets, but for some reason youtube censors my comments 🙂 Freedom and democracy boys!
Margin Calls are EXTORTION. DOLLAR IS PURE DEBT. You cant payoff debt with us dollars
ARTICLE 1 SECTION 10 NO STATE SHALL MAKE ANYTHING BUT SILVER AND GOLD US MINTED COINS A TENDER IN PAYMENT OF DEBTS.
14th AMENDMENT SECTION 4 Public Debt Clause
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Selling stock and margin calls on dollars ARE UNCONSTITUTIONAL
No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
NO STATE HAS THE RIGHT TO DEMAND YOU PAYOFF DEBTS IN US DOLLARS, IN USA.
NO ITS NOT DEBT EVASION, YOU MUST DEMAND A SUSPENSION OF DEBT TILL MINT BEGINS MINTING NEW US SILVER AND NEW US GOLD MINTED COINS AND THERE IS A STABLE PRICE AND VALUE FAIRNESS ON ALL US MINTED COIN as of 2022 on.
YOUR NOT GUILTY OF ANY DEBT THE FED & YOUR BOSS ONLY PAY YOUR INCOME IN DEBT DOLLARS.
THE FED AND YOUR EMPLOYER ARE INDEBTED.
ALL DOLLARS ARE PUBLIC DEBT Created by fed IN MISTAKE or STUPIDITY in 1933 when they revoked the GOLD STANDARD CURRENCY leaving behind the DEBT bank note IOU promissory "dollar bill" notes, So it triggered 1867 14TH AMENDMENT PUBLIC DEBT LAW. "14th Amendment Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void."
NONE OF USA CAN QUESTION THAT THE US DOLLAR IS PURE DEBT. It was US gold debt because the gold standard of 1867 but gold was revoked SO its PURE PUBLIC DEBT.
When I think I’m not earning enough on my super conservative strategy and start watching too many options trading strategy YouTube videos I go read these horrific stories to scare myself back to reality
Tom did you just say cumpounded?
Poor guy though, im hoping i will learn from his mistakes and he‘ll be able to come back from this
he needs to buy the dip! next!
He should mortgage his house and take out a second mortgage and open up larger margin calls. Go big or go jump off a skyscraper.
He should sell calls get some premium on his shares to pay for those margin calls should they come
There is more more downside coming because current economic conditions can not and will not sustain any meaningful long term bull run for the near future, it's not me being bearish for the sake of being bearish, it's looking at the overall picture and there is really nothing overly positive going on right now.
This guy jumped out of a plane with no parachute and hes trying to brainstorm ways to get back on to the plane
He lost $1000 at the casino and to get out of this situation he wants to gamble $2000?
Take the money and run
do you ever sleep ?! 🙃 and yes I agree.. never.. never ever use margin !
in did a sad case 😵💫
The tides are shifting in the markets and it’s uncovering a lot of pantless investors. Just a few months ago, everyone was a Warren Buffett. Lesson is to not let it get to your head. You may be smart but you should never yolo into the market like this without preparing to lose it all. Great content as always Tom, send my regards aka vodka to your dear grandad.
Be better to hedge the opposite side of the margin trade when possible
selling covered calls might help. I've been selling covered calls against PLTR that are extremely out of the money. Usually with a delta of 10% or less.
Buying on margin is against smart investing rules! I bet he talks about fight club also!
Steady Mobbin