RE:questionIf you don't even know basic taxes and capital gains (losses) you should not be trading your allowance.
after you maintain that this stock will be your lottery ticket and enough cash for you to head to cancun for spring break, what you won't realize is you'll just end up with dead money... you will have worthless shares, not enough to even take a tax loss.
reevaluate this, maybe you can salvage enough to go buy a scratch ticket