Please stop lifeminning by gambling on Robinhood

[Seth Walsh]

Robinhood is pretty much a 1945 auschwitz gas chamber disguised as some fairytail ginger bread house disney land type shit. Is it that easy to sign up and trade options and stocks on margin? Some people are asking where to start learning about the stock market and hours later are trading derivatives on Robinhood. Is there no KYC process involved? Idk the first thing about Robinhood coz I'm an EUcel

 

[Deleted member 2621]

You got balls you gamble.




Its that easy

 

[Seth Walsh]

You got balls you gamble.




Its that easy

OK go eternally learn through gambling and you'll realize there's no "balls" for your money

 

[Deleted member 275]

You got balls you gamble.




Its that easy

This. Imagine investing in some boring ass ETF with 6% average yearly returns over a 30 year timespan so you can have a well-funded pension when you are 70 years old.

What a fucking waste of life.

 

[Seth Walsh]

This. Imagine investing in some boring ass ETF with 6% average yearly returns over a 30 year timespan so you can have a well-funded pension when you are 70 years old.

What a fucking waste of life.

Yeah I agree. Investing in index funds is for suckers. Not worth it unless you literally have $100mil lol.

Everything isn't as black and white as investing in some boring fund OR going 100x leverage on the most volatile assets and making 100000000 trades per day. The middle ground is extremely vast. Both of those prior options are for lazy people, only difference is their antipodal risk profiles and "potential" reward profiles.

 

[Chadelite]

Gambling is bad

 

[StolenDays]

is Fidelity user friendly?

My Broker is fairly undetailled and doesnt give much information (but widerange of what you can buy)

 

[Seth Walsh]

is Fidelity user friendly?

My Broker is fairly undetailled and doesnt give much information (but widerange of what you can buy)

Yes they're less gimmicky than Robinhood and will limit what you can trade and what kind of margin is accessible to you afaik. They're well established with 2.46 trillion in Assets under management so they're less likely to enable you to trade recklessly. There'd be tons of platforms that give IB contracts to charlatan educators and youtube fraudsters who lure you in with their rental girls and lambos and the IB contract allows that "marketer/charlatan" to make money from the losses of the idiots they reel into the platform. They're paid out as rebates from the increased fees made from the swarms of new people coaxed by their youtube hero to trade as frequently as possible. These exchanges themselves obviously run agency trading algos that just take the other side of new traders trades and pretty much pool "low iq trading accounts and high iq trading accounts" into Pool A and Pool B, so they know who's who, which is extremely evident anyway through the trading behaviors and longevity of each account. Fidelity don't do any of that sleazy shit.

I know Robinhood isn't a complete dirtbag company like these oceans of random forex platforms, but the lack of restrictions on Robinhood is scary. They don't even need charlatan educators to market them because almost everyone finds Robinhood through word or mouth, through forums like here /wsb , 4chan etc

 

[StolenDays]

Yes they're less gimmicky than Robinhood and will limit what you can trade and what kind of margin is accessible to you afaik. They're well established with 2.46 trillion in Assets under management so they're less likely to enable you to trade recklessly. There'd be tons of platforms that give IB contracts to charlatan educators and youtube fraudsters who lure you in with their rental girls and lambos and the IB contract allows that "marketer/charlatan" to make money from the losses of the idiots they reel into the platform. They're paid out as rebates from the increased fees made from the swarms of new people coaxed by their youtube hero to trade as frequently as possible. These exchanges themselves obviously run agency trading algos that just take the other side of new traders trades and pretty much pool "low iq trading accounts and high iq trading accounts" into Pool A and Pool B, so they know who's who, which is extremely evident anyway through the trading behaviors and longevity of each account. Fidelity don't do any of that sleazy shit.

I know Robinhood isn't a complete dirtbag company like these oceans of random forex platforms, but the lack of restrictions on Robinhood is scary. They don't even need charlatan educators to market them because almost everyone finds Robinhood through word or mouth, through forums like here /wsb , 4chan etc

Maybe we can professionally discuss stock in half a year

 

[Deleted member 534]

Gambling = high T and low inhibit

Go work at McDonald’s than hahahaha

 

[Seth Walsh]

Maybe we can professionally discuss stock in half a year

I won't be a professional in half a year but yeah, I'd love to. I'll pm you something I pm'd the "muh pm me guy" yday. Hopefully it'll be helpful and show you where to look and what to focus on. Also having an informational advantage is probably the most important thing you can have in your arsenal. Especially some tool that can show you real time long/short %s by number of accounts on a specific exchange on a specific trading pair, at any given time. That's pretty much gold.

Gambling = high T and low inhibit

Go work at McDonald’s than hahahaha

It's unironically high prolactin

 

[StolenDays]

I won't be a professional in half a year

me neither
but you know what I mean

 

[ChaddeusPeuterschmit]

Gambling = high T and low inhibit

Go work at McDonald’s than hahahaha

 

[Deleted member 534]

Oh hi I thought you left the site lol

 

[ChaddeusPeuterschmit]

Oh hi I thought you left the site lol

I’m limiting myself

Oh hi I thought you left the site lol

I’m limiting myself

 

[TheMewingBBC]

This. Imagine investing in some boring ass ETF with 6% average yearly returns over a 30 year timespan so you can have a well-funded pension when you are 70 years old.

What a fucking waste of life.

I respect this if only majority of people here were aware they can lose everything they invested in. The reality is majority of people buying ”poootz” actually don't really fully grasp the basis of trading and don't have a second of realization on the possibility of them losing it all. You see them beating about their meats in threads last week with astronomically levels of optimism on how spy poootz will 1,000% print for them. You can for a moment almost observe their ego at microscope depth.

It's the self awareness and experience or understanding that makes me have respect for actual wsb gamblers or you than someone like gosick who literally got into options last week without fully understanding the Greeks at least and lost what he couldn't afford to lose and cried about it a day later. I agree on the notion that life is fucking short, nobody wants to do that 9-5 shit. But some guys here don't understand the meaning of not betting what you can't afford to lose and to take their time and at least understand what you're doing. Also they forget that there are still plenty and plenty of other ways to make passive income, trading isn't the best passive there is

 

[Gosick]

jfl sold my puts this morning and took my loss but then spy drops again


fuck my luck

 

[Deleted member 5293]

just buy 30% gold and silver and 30% foreign currencies easy

 

[Nosecel]

Wh............what?

 

[Casadonis]

jfl sold my puts this morning and took my loss but then spy drops again


fuck my luck

buy high sell low, bogdanoff got you

 

[Seth Walsh]

jfl sold my puts this morning and took my loss but then spy drops again


fuck my luck

You sold the puts that you previously bought. Let's not get misconstrued, you didn't short puts. And another question: What the fuck are you actually doing?

 

[Gosick]

You sold the puts that you previously bought. Let's not get misconstrued, you didn't short puts. And another question: What the fuck are you actually doing?

tbh, whenever someone says there postition in the WSB discord, my autism acts up and i instantly copy the position since im impuslive af without doing any research


but yea im done with that now, im just swing trading penny stocks atm, not doing options until i my 90 day restriction is gone.




I might deposit 25k later on and day trade short term options eventually

 

[Seth Walsh]

25k actually

What the fuck? How old are you and what do you do? Are you trolling? Man seriously

 

[Kade]

What the fuck? How old are you and what do you do? Are you trolling? Man seriously

he has rich af parents

 

[TheMewingBBC]

What the fuck? How old are you and what do you do? Are you trolling? Man seriously

Has 25k but cries about losing 700
@Gosick if you got balls yolo that shit on 190 spy March 15 poootz it can't go tits up. Believe me