i need an explanation
cnbc.com/2019/11/05/some-robinhood-users-were-able-to-trade-with-unlimited-borrowed-money.html
basically this guy hacked robinhood and exploited it to have "infinite leverage" and the video above was the first example of this
the guy lost thousands of dollars in an instant because he bet that apple would go down, instead it was up
the video is him losing all this money in real-time, hear the soul escaping his body 40 seconds in
he owes robinhood thousands of dollars now
To add salt to the wound:
He ACCIDENTALLY invested 16,000 into the wrong stock (JNUG) when he was gonna but JDST
My mother got $18,000 in unemployment but all of that went into stocks
Half of the money I got from selling my car ($5000) went into cryptocurrency, not as worried with that one though. Also this because my dad insisted me to do it
Damn yall really blew it
who tf goes all in on an oil tanker during the most oversaturated oil market in history
who tf goes all in on an oil tanker during the most oversaturated oil market in history
https://www.cnbc.com/2019/11/05/some-robinhood-users-were-able-to-trade-with-unlimited-borrowed-money.html
basically this guy hacked robinhood and exploited it to have "infinite leverage" and the video above was the first example of this
the guy lost thousands of dollars in an instant because he bet that apple would go down, instead it was up
the video is him losing all this money in real-time, hear the soul escaping his body 40 seconds in
he owes robinhood thousands of dollars now
imagine doing puts in 2020
To add salt to the wound:
He ACCIDENTALLY invested 16,000 into the wrong stock (JNUG) when he was gonna but JDST
My mother got $18,000 in unemployment but all of that went into stocks
Half of the money I got from selling my car ($5000) went into cryptocurrency, not as worried with that one though. Also this because my dad insisted me to do it
Your father is a beginner and shouldn't be in stocks at all
No need to get stressed out. You win some and you lose some, thats just how day trading works. Maybe next time don't invest money you aren't able to afford to lose.
To add salt to the wound:
He ACCIDENTALLY invested 16,000 into the wrong stock (JNUG) when he was gonna but JDST
My mother got $18,000 in unemployment but all of that went into stocks
Half of the money I got from selling my car ($5000) went into cryptocurrency, not as worried with that one though. Also this because my dad insisted me to do it
I definitely wouldn't put that much capital into cryptos unless you're prepared to lose it all. Seriously. And this is coming from someone whose been in the space for years.
I have yet to try a put. Only calls.
there were some easy picks back in feb before it used to be before Trump kicked Mnuchin's ass and told him to float the market
but I just dont see why you'd do that in today's game. even if you did like a Kodak put two weeks ago...you just never know when the gov't is gonna throw money behind some failing company
Your father is a gambling addict who spent 18k of your mothers unemployment and you come to ktt?
Throw his phone away,and dont let him control your familys finances
lost 25k not even trading options lol
Man I lost 50k hours of my life posting on ktt it could be worse op
Not sure if it was still NAT, but OP I hope you took my advice. Looks like it’s bleeding again...