That's why people shouldn't use Robinhood!
But that could never happen with cash covered puts or covered calls. You only can risk amounts in your account hence the 'covered'.
It sounds like this kid was trying to run some type of uncovered spread which a huge loss on one side would be equaled out on the other. Robinhood fucked up and didn't do the math for him. He overreacted just a tad!
That's why people shouldn't use Robinhood!
But that could never happen with cash covered puts or covered calls. You only can risk amounts in your account hence the 'covered'.
It sounds like this kid was trying to run some type of uncovered spread which a huge loss on one side would be equaled out on the other. Robinhood fucked up and didn't do the math for him. He overreacted just a tad!
>Robinhood fucked up and didn't do the math for him.
Well, he was supposed to do the math for himself...
>>Robinhood fucked up and didn't do the math for him.
Well, he was supposed to do the math for himself...
Your brokerage should do it, but ultimately, yes. It is on him to understand his positions.
Your brokerage should do it, but ultimately, yes. It is on him to understand his positions.
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