A friend of mine has these "ballin' ambitions" about making money in the market through trading options. This is a cat who invested $2000 dollars in the stock market and lost half of it in about 3-4 months time.
Earlier today we're chatting on the phone and an he's talking crazy talk. This guy is talking about saving his money to make moves through options trading which he has very little knowledge of besides video clips posted on youtube. He barley understands the fundamentals or the math of the stock game, he knows nothing about earnings, net profit margin, beta, p/e ratio, dividends etc, etc.
How the fuck do I set his him straight?
....Or should I just watch him falter. Again....
Earlier today we're chatting on the phone and an he's talking crazy talk. This guy is talking about saving his money to make moves through options trading which he has very little knowledge of besides video clips posted on youtube. He barley understands the fundamentals or the math of the stock game, he knows nothing about earnings, net profit margin, beta, p/e ratio, dividends etc, etc.
How the fuck do I set his him straight?
....Or should I just watch him falter. Again....