In yet another quest for life long learning I read-up on two topics:
1) after hours trading
2) margin calls
After hours trading sounds like a place I should avoid. At least for now. It requires a gambling mentality - making bets on the movement of a stock's price - while actually playing the game with limited information and against much larger (institutional players). Passing on that for now.
Margin trading is pretty much in-keeping with the Violet Beauregarde school of life - " I want it and I want it now!" With margin trading you borrow many to buy more than you care to spend in the expectation that the stock price will swing in the direction that you predict and then you sell and payback the loan and keep the profit. Again, this is too much risk for my bank account. But of the two topics I learned about today this sounds like something I may explore in the future.
And those are lessons well learned.
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