Why u don’t day trade with actual capital kids - ThreadSky

sodrock.bsky.social • 3 days ago

Why u don’t day trade with actual capital kids

Reposted from 🖱️

i'm fucking crying someone on wsb lost $17k of their parents' money doing options

Comments

sodrock.bsky.social•3 days ago

Also activating margin credit on options? Amateur hour

sodrock.bsky.social•3 days ago

Also another Data point on why u should have to pass a test before you’re allowed on Robinhood lol

sodrock.bsky.social•3 days ago

This should be the test lol

michaelcaley.bsky.social•3 days ago

embrace Matt Levine Thought https://bsky.app/profile/t8erboi.bsky.social/post/3lmcolshnbc2o

belugatooth.bsky.social•3 days ago

I embraced Matt Levine thought.🙏

*I wouldn't change a thing.

persistentpoasting.bsky.social•3 days ago

Vix calls are serious business and not at all gambling.

Because Trump is super volatile, and thus we expect the market to follow that.

persistentpoasting.bsky.social•3 days ago

I see now issues with my thinking.

persistentpoasting.bsky.social•3 days ago

Don't actually do this. Im burning my fund for stupid shit in the market, because this market doesn't make sense.

Don't be like me, don't lose thousands to stupid options fuckery. Unless you have the money to burn, assume any money invested in options was lit on fire.

not-andrew-24.bsky.social•3 days ago

options and the stupid leveraged etfs are the easiest things to get rinsed on. speaking from experience lol. way too easy to trade all this dumb shit. gambling. crypto. stocks. just degeneracy. dont get me started on the shameless fake parlays sportsbooks post all the time.

noctouyan.bsky.social•3 days ago

* on each login

lampsofgold.bsky.social•3 days ago

Certificate of dumb investment

isaiahbishop.bsky.social•3 days ago

You should have to call someone who went so broke trading options

sparkylombardi.bsky.social•3 days ago

Put them in PSA campaign like the ones with smokers that lost their tongues and teeth

ohschiesse.bsky.social•3 days ago

The average day trader performs so much worse than the S&P 500 that it is comical. Genuinely its better to just buy something like VOO and forget about it for a few years

pogtastic.bsky.social•3 days ago

I love how A RANDOM WALK DOWN WALL STREET (Burton Malkiel, 1973) is 450 pages of

1. This method looks promising!
2. Your risk was calculated, but boy are you bad at math.
3. Let's go back to the drawing board.
4. GOTO Step 1, starting the next chapter

blorgu.bsky.social•3 days ago

This is why I think media outlets like the NYT should not be uncritically rebroadcasting the investment strategies that kids are getting off of social media.

boomies-n-zoomies.bsky.social•3 days ago

Wonder if that kid was 18 if they’re using their dad’s name to activate margin.

nato-enthusiast.bsky.social•3 days ago

Man and I felt bad for incurring an as yet unrealized loss of like 60 bucks yesterday

nato-enthusiast.bsky.social•3 days ago

Kinda the parents fault though, don't give your gambling addict kid 5 figures lol

kirbdigi.bsky.social•3 days ago

You know, it's photos like these that make me glad that I don't partake in the stock market bc I just know my dumbass would make a wrong decision costing me 100's

thedimpsler.bsky.social•3 days ago

To be fair to your own intelligence the stock market is mostly a mechanism by which the wealth of retail investors is moved into the pockets of rich people mostly by design

persistentpoasting.bsky.social•3 days ago

Options are the thing where you don't do leverage because otherwise you stand to get so unbelievably fucked over.

Unless you buy vix calls.
Easy money, every damn time.

twitteraddict.bsky.social•3 days ago

Wait you can do calls on vix? Shit

marissamadness.bsky.social•3 days ago

This looks fake for attention/clout tbh

marissamadness.bsky.social•3 days ago

The kid has access to the "dad's" account, and the dad is telling him when to sell rather than flipping a shit that he has access at all? It just seems like a kid on reddit making a fake loss text like they all do for attention on there.

thedimpsler.bsky.social•3 days ago

Every time you open a retail investment app you should be forced to watch Dan Olson’s This Is Financial Advice. It is unskippable and you must pass a randomized end of lesson quiz with 95% or higher

poetinbabylon.bsky.social•3 days ago

man, I’ve met some Zoomers like this: they were doing dropshipping or they were doing Nike shoe options or whatnot, and, Lord have mercy, they never really touch grass

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