It’s too good
https://www.wsj.com/amp/articles/for...ive-1423093040
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Maybe I need a Xanax to settle down.
You made an account. I thanked you.
I clicked your link and it just brought me to you site’s front door. No specific link. I looked for Bookmaker exploitable and I didn’t see any recent post on that subject.
I didn’t know if you were trolling me with the link or something.
I made a dumb joke about an InfoSec guy’s site. That’s where the Xanax prolly is the right thing to do. I’m sorry.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
ok i tried sending you an invite. no sweat if you dont want to deal with this right now and just want to take the weekend off from all stock related nonsense but its really, really interesting math.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
apparently this is real and i think we are going to see a lot of stories like this and if i had to guess, some sort of ham fisted response from legislature which is somehow going to end up fucking us all over.
https://twitter.com/twt/status/1271802132979748866
like if you thought the PDT rule is bad, wait until we see what they pass to deal with shit like this.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
yeah some random 20 year old got over-leveraged on RH despite thinking it wasnt possible with his account type (cash?) and got margin called for 700k after some poor options gambles, apparently, and took his own life.
its not easy to understand exactly what happened because that tweet is by his brother who apparently pieced all this together from a suicide note.
i had a similar experience on a much smaller scale with my bargirlaments challenge; i tried to sneak in some calls at open during a big move before the prices updated essentially and ended up with $2500 worth of options on a $550 cash account, something like that, and thought i was some sort of genius until movement snap reversed and i ended up holding the bag for -1200'ish. luckily for me, TD was slow picking up on it, it swung back a bit, and i only ended up owing $220 by the time they forcibly liquidated my positions. but the general 'wisdom' in fintwitlandia is that a cash account is immune to negative balances and people are learning hard lessons.
imagine losing a big hand in pokerstars and finding out, somehow, that you lost your 20k account balance and you owed them another $100k on top of it. thats how robintards see this basically.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
holy shit
renaissance fund is down 20.5%.
how the fuck... -
is.. is that bullish? thats gotta be bullish.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Walk me through how you get stuck big on a cash account again? I didn't really get it.
Is it from selling options?
I will take my bow in front of PFA...I mean it's not fucking hard to see when you are giving them high 6 figure EBITDA enhancing ideas (with extremely high, damn near 100% probability) and they're like 'fuck you' and don't listen because they don't want to spend the money...made my decision easy to not give a rats ass any more...now they're burning and im laughing...marshmallows are still ready, san...
fissora...hertz...'accounting irregularities'...lol...when I heard that made me even care less about the place, which was hard to do...
In the summer of 2014, activist investors at Hertz asserted they lacked confidence in management due to reported "accounting mistakes and internal control issues". Consequently, activist investors pushed for board and management replacements[26] including Frissora.[14] Citing personal reasons, he resigned as CEO, chairman, and director on September 8, 2014.[6][8] Frissora officially left the roles in November that same year. Hertz reported Frissora's departure was "without cause".
I mean FFS after all that went down a decade plus ago at Enron, etc. to hire a fucking guy who oversaw a company with internal control issues and accounting slipups is just mind boggling...no wonder why they aren't sanitizing their vegas casinos...bunch of dumb fucks...
need to get out in the sun...
if you place a market order immediately when the market opens, there is a brief period where you might get filled at the wrong price, so they essentially correct the price and debit that amount from your account.
thats what happened to me.
like i wanted 30 calls at like .20c which was the previous closing market value and after they delegated me the 30 contracts, they realized the actual market price was .60c or whatever and simply updated my balance to -2000.
what happened to the other guy, im not sure, im guessing he was selling uncovered whatevers somehow etc etc. rh has a long, storied history of extending WAY too much leverage simply because they didnt realize they were doing it, so theres that.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Holy shit. I can’t see the story, was someone else on the hook or just him? Did he really have anything to take? Are we taking an actual twenty year old or a twenty something with a kid?
If I killed myself at going from a really prosperous position to owing money in the course of a few bad days in my twenties, I would have been offing myself every week. I owed people who would take care of the death part for me. That is why I avoid the sports betting thread despite Daly posting a fantastic win rate. I was the only guy who could go 8-2 and lose five figures. The frontal lobes need what the frontal lobes need if you’re an action junkie. He’ll give out winners on props that are capped at $500 max and I’ll parlay that into a $40k downswing weekend. Only marriage, a little maturity and self awareness, and the incredible guilt of someone else innocent ending up on your downswing with you cured me of my absolute degeneracy.
Clearly there are a whole bunch of kids gambling it up in the market atm. They’re going to learn what every gambler does eventually. At 20, fuck it, it’s going to take awhile, but chalk it up to the game and take the credit hit and start over. Not worth losing your life over. Learn your lesson and be happy you owe you a corporation and not a guy you don’t want to owe. If you take a wife and kids into the abyss, that’s going to push a lot of people off the cliff and the guilt will find you taking a header off the Brooklyn bridge. If you just fuck yourself, take the hit and learn your lesson. We are a country ran by a guy who left the banks and taxpayers holding the bag for billions multiple times. Pushing all in and failing and rebuilding on more fake money is the current American dream.
I recall many a morning saying, well they can only kill me, but then they won’t get their money back. I don’t understand suicide unless you drag someone else down with you. Rob a Brinks truck and let the cops kill you or off yourself when they catch up with you. At least you went down swinging. Fuck killing yourself over some red numbers fuckup.
Oh, ok. Thanks. I have just done limit orders so far. What is the advantage of doing a market order? Seems all downside, as you will end up buy/selling something at a lower price than you want.
It seems the only advantage is if you REALLY want to make a trade ASAP, and are willing to take whatever price you can get.
in honor of zerohedge being back on twitter, here's a little nugget that I think is apropos to the recent discussion...
https://twitter.com/twt/status/1271883216459378693
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