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Several lessons in that experience, one of which is:
Margin buying leverages your gains and losses. Also, you don't necessarily get to choose the bail-out point on a margin buy because your broker may sell (or have to sell) your position to cover a margin call. So, even if your purchase bounces back, it may bounce back without you because of the margin call.

I have very rarely ever gotten investing advice from my folks, who grew up in the Depression but are fairly well off now. We discuss investments and investing, but the only two pieces of unsolicited advice have been:
1. We know you're working to pay off a debt, but you aren't missing any 401k matching money, are you?
2. For goodness' sake, don't buy anything on margin.
a. This was in 1999, when everybody was buying on margin because the annual returns of the S&P500 and Internet stocks (like 25% and 100%) just weren't enough unleveraged,
b. They saw people in the '30s lose their homes because of margin calls.
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