This is still really raw and I have more questions than answers. But, it’s very important and intersects with what I speak about here. Hopefully my family’s tragedy can help another family avoid tragedy.
— Bill Brewster (@BillBrewsterSCG) June 13, 2020
The stock market, particularly in its current state, is no place for amateurs.
Sullimar Capital analyst Bill Brewster delivered that message to followers in a heartbreaking Twitter TWTR, -1.82% thread in which he shared a family member’s tragic foray into trading.
So, he began buying and selling options. Fast forward to sometime this past week and his account showed him owing $700k+. How does a 20 year old with no income get access to that kind of leverage/exposure?!
— Bill Brewster (@BillBrewsterSCG) June 13, 2020
But here’s the truth. AND PLEASE PAY ATTENTION TO THIS IF YOU’RE YOUNG.
The markets are bananas right now. It’s not the time for amateurs. Really really pay attention to position sizing. Stay away from exotic instruments like options and futures.
— Bill Brewster (@BillBrewsterSCG) June 13, 2020
Judge investments on their own merits, as you understand them.
And, if you find yourself in a world of shit please talk to your family. Listen to @QTRResearch and @sanglucci pod about blowing up. Shit, hit me up. You are not alone. Finance isn’t worth losing your life over.
— Bill Brewster (@BillBrewsterSCG) June 13, 2020
Alex, R.I.P. You will forever be missed.
— Bill Brewster (@BillBrewsterSCG) June 13, 2020
