My O'l Man

So, my father has talked about doing some trading. and he comes up with the worst stocks. He wants to trade a 3 month 10% change in some crappy stocks going to 0.

So, I put him in a trade yesterday, and we get the rally this morning. I call him up....

him,"hello"

Me, "ok, we have a rally get out at... "what is a $150 gain in a $3000 investmetn.

him "umn... no... I want to make $200, oh, wait... $250."

Me, "This rally will fail, at best we still have 30% to go.".

Him " I just want to make more."

Me, "Sure, the market will bend to your will, because you want it to go up it will. I would absolutly hate for you to stop your loser streak in the stock market, Defiantly It's going to infinity"(so, I'm hard on my dad, but I wanted him out.)

him, "well how about ....(+200)"

me, "Whatever, let me know how it works out. Nothing will teach you like losing money"

Well, now he is down $50.....

I almost logged onto his account and got him out of the trade...

Long term he will be fine. unless the market crashes. which it wont.