Accurate, but not asymmetrical. It's perfectly symmetrical: purchase of an asset for resale has a loss floor and no gain ceiling, sale of an asset (including short sales) has a gain floor and no loss ceiling. For actual transactions in either direction, there is a practical maximum gain/loss, even when there's not a theoretical one: if a value goes too far out of modeled range, one of the parties will abrogate when not able to pay the ludicrous amount.
For smaller investors making short-term trades (which is illegal if one has inside info, and unwise if not), generally Call or Put options are used. The constraints of payout/loss can get quite complicated fairly quickly by mixing different strike and maturity options.
This thread is for asking any questions that might seem obvious, tangential, silly or what-have-you. Don't be shy, everyone has holes in their knowledge, though the fewer and the smaller we can make them, the better.
Please be respectful of other people's admitting ignorance and don't mock them for it, as they're doing a noble thing.