That's the trouble with speculators.
They make the common person's life h#ll for a few weeks as prices soar like a rocket but fall like a parachute.
I have ZERO sympathy for their losses.
They're tax deductible anyway.
Yeah but the speculators provide a liquid market for companies that want to lock in prices for commodities.
That’s a good thing.
These insane spikes don’t happen that often and you’re right, a speculator can be wiped out overnight if they’re on the wrong side of history.
Especially when margin is only 5 percent.
I would always use some kind of combination of future/options or just buy options where the loss can only be a set amount
That margin stuff is dangerous.