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Chris Knight posted:lol robinhood proves again and again that it's a clownshow broker and i don't know why anyone uses them when every real broker now offers free trades and low cost options contracts this is the broker with the infamous "infinite money trick" that basically let people run up huge margin buying power by laundering robinhood's own money through their options desk
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Jul 1, 2021 22:47
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LanceHunter posted:So, if Robin Hood goes under, how will its customers be able to access the shares they own? All those infinity pool GME dudes gonna suddenly go from diamond hands to literally-unable-to-sell hands? robinhood would be bought by someone who wants access to that sweet sweet customer base of rubes they can illegally front-run meme stocks on before it goes under
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Jul 1, 2021 22:50
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The_Franz posted:robinhood proves again and again that it's a clownshow broker and i don't know why anyone uses them memes
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Jul 1, 2021 22:51
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LanceHunter posted:So, if Robin Hood goes under, how will its customers be able to access the shares they own? All those infinity pool GME dudes gonna suddenly go from diamond hands to literally-unable-to-sell hands? lmao literally Unobtanium Hands
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Jul 1, 2021 22:51
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The_Franz posted:robinhood proves again and again that it's a clownshow broker and i don't know why anyone uses them when every real broker now offers free trades and low cost options contracts "i like their UI" seems to be the only thing I hear
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Jul 1, 2021 22:55
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actually, and I might be misremembering this, if a clearing member goes down the other clearing members are obliged to take on the positions to ensure they can be closed out. that's easy for physical positions,a bit less so for dumbass leveraged ones but you can reasonably assume that you might get aggressively closed out or margin called into oblivions if your internet comedy gold position is moved from clownshoes broker to idk ICE or whoever.
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Jul 1, 2021 22:57
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Alan Smithee posted:"i like their UI" seems to be the only thing I hear i think getting approved for things like margin and naked options trading is just a matter of pushing a button too, while the "old man" brokers want you to demonstrate that you actually have some idea of what you are doing first
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Jul 1, 2021 22:59
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Brokerages can’t dip into client funds so your money won’t go poof as long as the feds are doing their job (lol) additionally all brokers are members of SIPC which is sorta like the FDIC but for stock certificates (not the value of the stock but the amount of it) someone else would buy them long before it got to that point though
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Jul 1, 2021 23:04
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yeah fidelity won’t let me do anything stupid with options while robinhood is like HERE’S THE LOSE ALL YOUR MONEY AND OWE US A SHITLOAD BUTTON
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Jul 1, 2021 23:05
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Luigi Thirty posted:yeah fidelity won’t let me do anything stupid with options while robinhood is like HERE’S THE LOSE ALL YOUR MONEY AND OWE US A SHITLOAD BUTTON wooooooo innovation!
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Jul 1, 2021 23:11
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Luigi Thirty posted:yeah fidelity won’t let me do anything stupid with options while robinhood is like HERE’S THE LOSE ALL YOUR MONEY AND OWE US A SHITLOAD BUTTON i had to spend a decent chunk of time taking an options course + pass a test to get approval on td ameritrade, and even then the approval was for defined risk strategies only The_Franz fucked around with this message at 23:16 on Jul 1, 2021 |
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Jul 1, 2021 23:14
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Chris Knight posted:lol
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Jul 1, 2021 23:22
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The_Franz posted:i had to spend a decent chunk of time taking an options course + pass a test to get approval on td ameritrade, and even then the approval was for defined risk strategies only have fun taking a class on staying poor me? School of hard rocks baby 
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Jul 1, 2021 23:58
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Alan Smithee posted:School of hard rocks baby Would you say “hard rocks” are like “diamond hands?”
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Jul 2, 2021 01:58
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SubG posted:drat they might have to hold off on hiring their first dba after all Did I mention I had a call with them about the fraud platform they're working on? The recruiter on the phone explained: * Fraud platform being built from scratch, would be getting in on the ground floor * Needed for IPO launch (when I asked "how soon is that" he replied "2 or 3 months") * Would be built with *zero tech debt* (he emphasized it in a way that suggested he was told to say that) I was interested in learning more to be honest, why not right, but its a SF position and I'm not interested in relocating.
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Jul 2, 2021 02:06
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Alan Smithee posted:"i like their UI" seems to be the only thing I hear they quintuple downed on it bein the only important thing to randos they have been pretty correct in this
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Jul 2, 2021 02:07
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ADINSX posted:Did I mention I had a call with them about the fraud platform they're working on? The recruiter on the phone explained: lol so that's why they were hitting me up
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Jul 2, 2021 02:13
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https://twitter.com/trylolli/status/1410722071982710784
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Jul 2, 2021 02:16
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FAUXTON posted:lol so that's why they were hitting me up same come to think of it
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Jul 2, 2021 05:22
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 thread title
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Jul 2, 2021 05:25
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Jul 2, 2021 07:10
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so is lolli like, an altcoin for pedophiles or something
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Jul 2, 2021 09:32
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Shame Boy posted:so is lolli like, an altcoin for pedophiles or something All crypto is for libertarians, so yes.
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Jul 2, 2021 09:41
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gschmidl posted:All crypto is for libertarians, so yes. i was going to make that joke but thought it was too obvious 
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Jul 2, 2021 09:41
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The_Franz posted:i had to spend a decent chunk of time taking an options course + pass a test to get approval on td ameritrade, and even then the approval was for defined risk strategies only
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Jul 2, 2021 10:31
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disrupt and find out
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Jul 2, 2021 11:04
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Powerful Two-Hander posted:actually, and I might be misremembering this, if a clearing member goes down the other clearing members are obliged to take on the positions to ensure they can be closed out. that's easy for physical positions,a bit less so for dumbass leveraged ones but you can reasonably assume that you might get aggressively closed out or margin called into oblivions if your internet comedy gold position is moved from clownshoes broker to idk ICE or whoever. how does all this work when people on the platform have been sold "partial" shares?
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Jul 2, 2021 12:59
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 kay, jarvis, nikan and teeqo touched a bitcoin and now can only dream of crime and ruin
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Jul 2, 2021 13:14
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FAUXTON posted:lol so that's why they were hitting me up they and others have been hitting loving everyone. i know a lot of devs who've been getting approaches from lovely crypto company recruiters and sending me the dumbest of them. regulatory side too, they want people who know how to cover up the shenanigans so far they're all having trouble finding people both stupid and craven enough, which is heartening really also loving nobody wants to go into an office, and for some reason they want people who will go into an office.
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Jul 2, 2021 13:23
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no records of us telling you to commit crimes if they're all in-person meetings
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Jul 2, 2021 13:25
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divabot posted:they and others have been hitting loving everyone. i know a lot of devs who've been getting approaches from lovely crypto company recruiters and sending me the dumbest of them. regulatory side too, they want people who know how to cover up the shenanigans yeah there's tons of openings in my field at crypto joints and idk how much they'd have to pay me but it would need to be in actual dollars for starters
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Jul 2, 2021 13:35
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Boxturret posted:
Something about those words with his Twitter avatar made me giggle like the Joker on meth.
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Jul 2, 2021 14:19
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Shame Boy posted:
f
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Jul 2, 2021 14:20
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divabot posted:also loving nobody wants to go into an office, and for some reason they want people who will go into an office. maybe they want to filter for people too dumb to demand to work from home in the middle of a pandemic
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Jul 2, 2021 14:43
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the money is coming from a16z, who are playing softbank-but-it's-crypto
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Jul 2, 2021 15:00
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divabot posted:the money is coming from a16z, who are playing softbank-but-it's-crypto this has its roots in being 8x better than a2z, doesn't it...
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Jul 2, 2021 15:25
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divabot posted:they and others have been hitting loving everyone. i know a lot of devs who've been getting approaches from lovely crypto company recruiters and sending me the dumbest of them. regulatory side too, they want people who know how to cover up the shenanigans
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Jul 2, 2021 15:32
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divabot posted:also loving nobody wants to go into an office, and for some reason they want people who will go into an office. I want to go into an office at least some days a week. At least that's what I keep saying, but at this point I COULD but haven't yet. I'm in an expensive part of the country though, if we all went 100% remote housing prices/rent would eventually probably equalize but it'd take awhile but in the meantime...
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Jul 2, 2021 15:39
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One of the worst people I ever worked with transferred to our team from AWS Blockchain (which is a thing) so I have to imagine the entire industry is made up of people like him
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Jul 2, 2021 15:41
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ADINSX posted:One of the worst people I ever worked with transferred to our team from AWS Blockchain (which is a thing) so I have to imagine the entire industry is made up of people like him still true https://twitter.com/LuxAlptraum/status/1385198380310278144?s=20
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Jul 2, 2021 15:46
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