Quote from hedgeking:
go fuck yourself. i set here drunk as hell on my 13th beer and you call me a liar. i thought maybe my exp could help people avoid my fate. i was wrong. instead i get smart ass comments calling me a liar. hey on the bright side you hot shot rich ass day traders making big bucks paying big taxes can support me on medicaid,food stamps and subsidized housing. now you boys pay some big taxes so i can live good. hell i'll have to start drinking pabst blue ribbon.
Food stamps are only good for 5 years then you dont get them anymore. Subsidized housing is a joke. There is a waiting list to get on the waiting list. Expect a 2 to 4 year wait to get subsidized housing, because the funding is just not there. Medicaid is awesome though...they pay for everything! No co-pay, free drugs, you get hospitalized, its all taken care of. But are you the type that gets sick alot? If not, then you are really not getting any benifit from medicaid. And if you are in california, they call it medi-cal and they dont pay for everything. You actually will have to pay full price for certain things even with a prescription. So here is your future.....
option 1 You will eat well for the next 5 years but have no place to live. Then you will have a place to live, but have no food. And when you start getting sick from lack of nutrition, your medical bills will be paid, but you will feel like shit all the time.
Or you can go with option 2. Get a job, bitch about taxes, save some money, and maybe next time you trade, dont use margin.
Remember this though....you didnt lose 400k. Its just recirculating until you get it back. If you didnt use margin the first time, you would only be down about 80k and still have 320k and you know the stock would eventually come back and make you money.
Anyway...good luck with whatever your choices....they are half chance...just like everbody elses. (from a baz lurman song)
