Re: October [censored] thread
my brother wants me to put $200 per 1p swing in the northern rock share price with a stop loss at 128p (currently about 178p), so a $10k position.
ive warned him i dont think he should till he learns about everything, and that it is pure gambling. i told him my concerns when he was going to do it when the price was 300p, he would of lost $14k then. now he wants to do it again.
what should i do?
edit: i guess his finances are important. he has about $120k in savings which he will use as a deposit for a house in 1-2 years time, his salary is about $110k and will rise to $130k-$140k over the next 1-2 years.
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