Re:Robinhood sued by family of stock trader who killed himself
by throw1234651234 on Sunday February 14, 2021 @09:28PM
(#26138399)
"Stick to what you can afford and what you know about."
Nice powertrip. My turn.
I am a CFA w/ a Series 6/7/63 that has degree in Finance/Accounting/Stats and has written automated trading bots.
This was NOT enough experience for Fidelity to let me trade options (ironically, after I traded options for their clients working for them for 2 years in my youth), but my friend who listed no experience and a high net worth got margin and options trading enabled in his account.
There is a VERY fine line between "for your own protection" and "so that people who already have resources have more options."
Nice powertrip. My turn.
I am a CFA w/ a Series 6/7/63 that has degree in Finance/Accounting/Stats and has written automated trading bots.
This was NOT enough experience for Fidelity to let me trade options (ironically, after I traded options for their clients working for them for 2 years in my youth), but my friend who listed no experience and a high net worth got margin and options trading enabled in his account.
There is a VERY fine line between "for your own protection" and "so that people who already have resources have more options."