Redditors who made millions on a Robinhood glitch are 'psychopaths,' says Ritholtz CEO Josh Brown

[Arithmetic]

1.7 million position not profit.

 

[analog]

(*As I understand it*)
It’s still considered borrowing. It just doesn’t have an interest rate attached to it. The users involved in this exploit can still stand to lose a lot of money, but it’s not going by standard margin protocol, which really isn’t a good thing.

Gambling with money you don't have... a lot of wealth has been created at the institutional level off that. If a regular cat has the balls to wager that type of bet then by all means

 

[Dr. Acula]

1.7 million position not profit.

Yep the dude in video I posted that a lot of these "profits" are not actual money but like you said its their position. But the debt they incur is real. He compared the "profits" to funny money.

 

[BaileyPark31]

I'm sure my Doge will make me a milly soon anyway.

 

[ColdSlither]

Did anyone here know about this when it was happening?

 

[Morethan1]

Did anyone here know about this when it was happening?

I seen the thread on reddit a week or two ago.. closer to 2 weeks

 

[Morethan1]

Watch mad nikkas going to sign up to Robinhood gold now.

Like the coin bit rush

 

[Arithmetic]

Yep the dude in video I posted that a lot of these "profits" are not actual money but like you said its their position. But the debt they incur is real. He compared the "profits" to funny money.

Yes. When they sell their position, the margin goes back to the broker and the leftover difference is the profit or loss.

 

[stave]

I stay away from RH gold but that's where the money can really be made. WSB subreddit is all for it... and heavy shytposting

 

[peppe]

nikkas talking about uplifting and helping each other build.

but now that its exposed they in here saying i knew i should have jumped on it



Its everyone for themselves in this cold world

 

[Jekyll]

I mean they just gone void the money if they haven't cashed out right?

 

[Dr. Acula]

By the way this shyt makes me realize that all the lingo and jargon is mindbongling. I'll just keep it at my 401k and a few coins and keep it simple.

It's like Wall Street and stock trading has created it's own world with its own rules that doesn't have any ties to reality outside of the one it creates.

 

[[̲̅$̲̅(̲̅5̲̅)̲̅$̲̅]]

Like the coin bit rush

coin bit??

 

[Reece]

Wall Street Bets is straight hilarity.

It’s like if JBO and Six Certs Forum had a baby.

 

[GreenGhxst]

They're psychopaths yet you make more than 200 percent of your average employee's salary

Pay up bytch, you're a scumbag yourself