/biz/ - Business & Finance

following lol

lmao wtf

>>18386328
Just make a new username and start over.

>>18386328
the government bails you out and pays for you

>>18386328

>>18386328
I’m betting you are going to find out.

>>18386328
throw your phone in the lake to be safe

Wtf haha

>>18386328
Damn. When did they close your account? Have they emailed you or called?

>Robinhood lets literal Best Buy workers write options

This shit is comedy gold. Their financials have to be atrocious.

>>18386328
Not much. You just write it off as a tax loss. RH could try to sue you but that could take years and they have numerous class actions against them as is.

>>18386328

>>18386328
it's all fake jew money who cares.

>>18386429
Couldn’t they send it to collections though

>>18386328

Alright OP, you know the drill. What’s the story here?

How? Teach me.

>>18386328
Nothing If you're jewish.

>>18386328
I hear if you take it to your local Rabbi the debt can be wiped away in one Saturday afternoon!

>>18386328

>>18386328
GUH

>>18386328
why would they extend so much credit to. a degenerate? like you. they know u will never pay.

>>18386582
When you deposit funds it takes the transfer a few days to go through. So op (or whoever’s account this really is) must have bought calls/puts and then massively failed and didn’t have the funds in the bank to cover them

>>18386474
Absolutely lol you’re credit score is going straight into the shitter and when you declare bankruptcy it’ll take a year to get it back to normal.
Just do that

i dont think thats from options

>>18386328
Fucking newfags this is old, it was one of those people from wallstreetbets that used the RH glitch

>>18386328
Were you using margin?
You finna get a margin call and all yo shit is getting handed out to negroes

wtf OP

>>18386328

I'd tell you to lawyer up, but you're broke.

https://cdn.robinhood.com/assets/robinhood/legal/RHS%20Customer%20Margin%20and%20Short%20Account%20Agreement.pdf

6. Payment of Indebtedness Upon Demand. The Customer shall at all times
be liable for the payment upon demand of any obligations owing from the
Customer to Robinhood, and the Customer shall be liable to Robinhood for any
deficiency remaining in any such accounts in the event of the liquidation thereof
(as contemplated in Paragraph 4 of this Agreement or otherwise), in whole or in
part, by Robinhood or by the Customer; and the Customer shall make payment of
such obligations upon demand.
7. Liability for Costs of Collection. The losses, costs and expenses, including but
not limited to reasonable attorneys’ fees and expenses, incurred and payable or
paid by Robinhood in the (i) collection of a debit balance and/or any unpaid
deficiency in the accounts of the Customer with Robinhood or (ii) defense of any
matter arising out of the Customer’s securities transactions, shall be payable to
Robinhood by the Customer.

You agreed to these terms when you opened your account. You're on the hook for that amount. You WILL get a judgement against you, and they WILL garnish your pay and come after you in other legal ways. Your credit history? LOL.

$6k, they might just lump it into a bunch of cases in small claims. $60K? That's debt they're coming after, or will sell it to the highest bidder.

Maybe investing isn't for you.

>>18386328
G U H
U
H

>paying back debt when the lender knew the risk
Funny stuff. I'll never be able to pay back my student loans lol

>>18387422
Why not? You make a fortune with your Gender Studies degree.

>>18387191
sauce

I know for sure I wouldn't pay a cent. Fuck them.

>>18386638
A year? lmao. try 10.

>>18386328
Time to pick up a shovel Paul
>>18387438

>>18387564
That's exactly what the judge would say about you, when the company sues you.

>>18386328
Report trump the sec for manipulating the market so you'll get a refund bro

>>18386328
holy shit you fucked up good

>>18387448
I can’t recall where I got it from. It’s a random ho from a milf thread on b I think

very summery in this thread.
>not knowing Guh

>>18387448
Here’s her whole nude gallery
> https://xhamster.com/photos/gallery/sara-4183332

>>18386328

>>18387761
>>18387659
two kinds of anon

>>18387204
>tfw 6k is small claims
>tfw my whole net worth is small claims

>>18386328
FAKE

>>18387850
Small claims in most states is limited to 10k. I know Tennessee is 25k, my friend lived there for years running a storage company, and had to sue deadbeats a lot. Some states it's as low as $2500. That's why it's called "small" claims.

>listening to optionsniggers
>fell for the options print money meme
you dun goofed

>>18386328
How the fuck does this even happen?

>>18386353
So it is safe to go all into UND?

>>18386328
>down 1,832.99%
kek, how do you got more than 100% down

>>18388357
options trading

>>18388365
Wrong. You just let the option expire which loses the initial price of the contract and no more

>>18388365
well, forgot I'm stupid
thanks

>>18386606
He must have had margin trading, for whatever reason.

>>18388386
Not if you are the one writing them

OP, before you declare bankruptcy make sure to run up as much debt as you can to extract your pound of flesh from the Jews. Your credit score is fucked either way for the next decade so get the most out of it.

>>18388365
Either buying on margin or selling options, not buying them.

>>18386638
A year? 7-10 my dude.
They'll give you a nice shiny 600-700 score that you'd think you could use but everyone, including potential apartments, will probably use it as an excuse to deny you.
Every lending company outside of major banks and truly shady shit these days uses its own custom ML solution that auto-rejects you if you have a bankruptcy anyway, either through an analytical layer or by virtue of weighing your score down immensely.

Anyone who ends up in this situation without family to bail them out for almost a decade is truly screwed and will wind up in Section 8 for years and years.

>>18388386
No, retards are getting level 2-3 options from companies and writing naked calls/puts, buying positions later at higher IV to cover them.

It's absolutely fucking hilarious. Someone really shady is making millions off of partnering with RH for options sales and assignment, and completely do not give a fuck that they're screwing over young people trying to learn something new for the rest of their youth.

This happened to my friend.
He thought he was free from the debt, because he didn't hear much about it. First he got a certified letter. That you got to sign for. He was smart enough not to sign for it. Few weeks later he noticed some signs that someone was trying to break into his apartment. A week after that he got a call. Hard to understand at first, but it said give me the money. Stuff kept getting weird and weirder. Then some guy in a suit came and told him something like you haven't seemed to get the message. Give the money or something bad is going to happen. My friend got scared and went to the cops, but the guy in the suit was there shaking hands with our local mayor.

i once had a debt collector come at me as a teenager over $20

op is fucked

>>18388471
i laughed way too hard at this

>>18388466
Good. Don’t fuck around with money. I do fine on RH because I don’t do dumb shit.

>>18388514
>hey kid, you got my 20 bucks yet?

>>18388514
>>18388606
>You better have that 30 by next week or bad things happen, kid

>>18388514
>>18388606
>>18388616
>You wouldnt want the ADL and SPLC outside your mothers job would you kid, pay up that 50 shekels

>>18388606
yeah it was fucking cancer, i was getting endless calls (i'd ignore the vast majority if i recognised the number) and they would threaten/actually attempt to increase the amount

it really opened my eyes to how much kikery goes on in the world

Op about to be a jewgoo gobbler

>>18388626
>and they would threaten/actually attempt to increase the amount
So youre saying I was right:
>>18388616
>>18388625

>>18388641
yeah, actually

the more you ignore/don't attempt to reason ("i'll pay x amount monthly if that's okay?"), the more they'll threaten or actually increase the amount as time goes by

>>18388646
Shit where did I hear about that, I think Sam Hyde. He said you can just lowball them forever with like "Uhh, I can pay like.. 2 dollars, the recession really blah blah" and then just drag it out forever. Wish I had the video, it was fucking gold.

>>18388646
>>18388656
https://www.youtube.com/watch?v=oD2gXY4piF4
Well that was easy, watch this shit your sides will be in another galaxy

>>18388656
>"Uhh, I can pay like.. 2 dollars, the recession really blah blah" and then just drag it out forever.
that's unlikely since they'll really fucking come at you to get at least one upfront initial payment, and if you don't make one or future ones after, they'll begin increasing the amount and get really on your case; even to the point of threatening to get police involved

i told them the truth: i had no idea i owed the money and that i was a teen with no job, they'd just say "well go ask someone for money or we'll charge you more"

the calls became fucking unbearable, to the point where they know for a fact it's harassment: 5 calls in a row, texts, an hour passes, 5 more calls and it would go on for weeks; this is in addition to emails and threatening law enforcement + house visits

that experience was such fucking shit that i've made sure i've never had to owe any money to anyone since then and now (age 25)

>>18388697
Well Ive always hated debt but just from anxiety, so I never have any if I can avoid it. No credit cards, all cash etc.

Stop debt collectors harassing you with one easy trick;

>>18388722

>>18388466
>Someone really shady is making millions >completely do not give a fuck that they're screwing over young people
That'll be boomers then.

>>18386328
>he didn't buy the ones with the knock out thingy

>>18386328
did you get a margin call?
if not then they cant do shit
if you did and told them to keep you in without adding funding then your fucked

>>18386328
There's a ship going on a gambling cruise next month. I might be able to secure you a spot.

>>18387204
>Maybe investing isn't for you.
lol

>>18387564
>fuck them for borrowing money to my stupid ass

>>18387918
Brainlets that can't cope with the complexity of the markets. Easy access to leverage doesn't help.

>>18388386
no. there can be infinite loses shorting calls or longing puts

>>18386328
just ask for a bailout

>>18389273
OP finna get kaijid

>>18386328
Robinhood is shady but it does have an excellent interface and is an objectively well made program, leagues ahead of most big name brokerages. But the process for moving liquidity in and out is suspiciously slow, and its full of little design quirks that are clearly in place to subconsciously encourage riskier plays. Its really no wonder people from reddit are going bankrupt on that app when theres 0 screening for advanced options privileges and they make it as easy as possible to jump right in with no experience, something unheard of with legitimate brokers (who actually care about your money).

Before you even see an options tree they present you suggested contracts that are pre-priced (at mark of course, im sure they actually put them through as mark +/- a few cents and pocket the difference) with an "option profit calculator" using current price and volatility data extrapolated to the theta of the expiry date. It's useless junk data if you understand the amount of math behind options, but a very deceptive way to make safer contracts less appealing to the naive. I also have a bunch that they prioritize executing losses and high risk buys over profit plays. More than once I've attempted to sell green, highly liquid contracts at desirable prices during peak times that should have been instant fills, only to have it sit there while the price starts drifting.

Its a great app for casual trading if you can think for yourself, but id be worried if I had significant holdings wrapped up there.

>dated a crazy
>run up my credit card under my nose to 3.8k
>tried to get me to cosign on a refinancing of her car
>break up with her
>she signed an IOU and paid it down to 2.8k
>says she'll stop paying cuz lol
>she's literally drowning in fucking debt because she's a retard
>she goes through shitloads of jobs
>she got disowned by her family for being a deadbeat and probably owes them money too
>shackled herself to a new guy who she'll probably sink into debt as well
>COULD take her to small claims but 1) I never want to interact with her ever again 2) she wouldn't be able to pay anything anyway or would make the process long winded. She fully intends not pay any of her debts

I'm glad that I learned my lesson early about crazy people. Better now with 2.8k than 10 years from now with a house, 2 cars, and kids

FUCK

>>18390177
the thing is: There is no diffrence between People like your ex or this guy: >>18387564

>>18389273
Based and Teiaipilled.

>>18386328
how the fuck did you do this?

>>18386606
pretty sure this is from the infinite leverage loop hack.
https://www.bloomberg.com/news/articles/2019-11-05/robinhood-has-a-glitch-that-gives-traders-infinite-leverage

A glitch in the Robinhood Markets Inc. system is allowing users to trade stocks with excess borrowed funds, giving them access to what amounts to free money.

Dubbed the “infinite money cheat code” by users of Reddit Inc.’s WallStreetBets forum, the bug is being exploited, according to users on the forum. One trader bragged about a $1 million position funded by a $4,000 deposit.

>>18390276
oh yeah no doubt. They come in various forms. They're just pure evil and borderline sociopathic.

The girl I dated was a self-proclaimed 'trad girl' lol. Lied about being a virgin, lied about her ex, lied about a lot of things. She even self-harmed and had a past of attempting suicide. She's probably still lurking about 4chan.

It taught me a lesson about being naive though, and it's perhaps the most important financial lesson and life lesson I've ever learned.

It applies to everyone, including casual social interactions. People who have red flags will fuck you over deeply. Don't tolerate that and hold standards for yourself and interacting with them. I didn't and got fucked over because I saw red flags and ignored them thinking they could be fixed.

>>18390326
Was Robinhood responsible for paying up or was it insured? Isn't this wire fraud?

>>18386328
Just delete the app

>>18388697
credit is spooky, id be anxious even getting a loan for a car. you are basically locking yourself down for years

>>18386474
Contact a bankruptcy attorney and file for chapter 7. It can also discharge student loan debt if you meet the criteria set up by the Brunner decision. Good luck.

>>18388697
Who did you borrow $20 from?