I bought $1,000 dollars worth of GME on margin a year ago and I don't know wtf "margin" even means. Did I fuck up? What's the worst that can happen?
>>59603966worst is you need to pay back $1000 plus whatever interest owed>Bought GME>Did I fuck uplol
>>59603966Margin is a loan, it builds interest over time. If gamestop is up, you're fine. Maybe sell & pay off the margin amount owed.
>>59603966You are not fine.
>>59604488How do I do that? I bought it on fidelity.
Why do you keep making these posts?First you made a post that you bought 1k of gme before the run up.Then you make this post after it dumps.What is your fucking problem? Stop clogging the forums.
>>59603966>I bought $1,000 dollars worth of GME on margin a year ago and I don't know wtf "margin" even means.>Did I fuck up?Oh yeah, you fucked up big time. Basically if you spent $1000 on margin you payed $2000 for the stock, so you better hope that stock is $4000 now so you can sell off enough to cover your margin and taxes.
>>59603966So you bought $1k of a stock that's up 100% on the 52 week chart. Weak funding.Lol, lmao even.
>>59605632>Stop clogging the forums.
>>59603966they dont let you open a margin account unless you sign documents saying you understand, retard larpfag
>>59605959I tried to DRS my GME and the dude on the phone said I couldn't because some of my shares were bought on margin. I didn't even realize it until then. I'm fucking clueless about stocks and I just bought in because of the hype a month ago. Wtf do I do now?
>>59606012lolololoh fuck this is hilarious. I'm sorry I can't help cause I know fuck all about stocks.
