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McDick · 08-13-2006, 08:32 AM

But margin account charges you a lot of interests if you don't have the money to pay off! It's all up to the investor how much risk he wants to take.

If you want to daytrade on penny stocks, good luck! Some are successful, but penny stocks can take a bad turn and kill you. Don't forget, you have to pay off the difference with a margin account! Cash account, you can lose the amount you invested. But for margin account, who knows the limit if you are not watching the stock market daily.

Another 9-11 terrorist attack can wipe out your savings in one day!

Invest what you can afford to lose. Owning the bank money isn't the best thing to do.

08-13-2006, 08:32 AM	#114
McDick Where's my RS Christmas Lobster?! Join Date: Apr 2006 Location: Richmond Posts: 862 Thanked 1 Time in 1 Post Failed 0 Times in 0 Posts	But margin account charges you a lot of interests if you don't have the money to pay off! It's all up to the investor how much risk he wants to take. If you want to daytrade on penny stocks, good luck! Some are successful, but penny stocks can take a bad turn and kill you. Don't forget, you have to pay off the difference with a margin account! Cash account, you can lose the amount you invested. But for margin account, who knows the limit if you are not watching the stock market daily. Another 9-11 terrorist attack can wipe out your savings in one day! Invest what you can afford to lose. Owning the bank money isn't the best thing to do. Last edited by McDick; 08-13-2006 at 08:35 AM.