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Yep, but try explaining how a supposedly firm made up of "SV Ivy League geniuses" show clients that number. Things that should make sense often don't. (Just F
by hogFeast 6y ago
Yep, but try explaining how a supposedly firm made up of "SV Ivy League geniuses" show clients that number.
Things that should make sense often don't.
(Just FYI, if you go on r/wallstreetbets, you will see this countless times...the software not showing the correct position, the software not showing the correct position and then forcing users to trade such that they lose money, it goes on and on and on...this business isn't complicated, you had men and women with high school level educations running these positions for decades without these problems...one touch from the "geniuses", kaboom...again, very little about what Robinhood do makes sense, it is baffling that they are even regulated to handle money.)
- manigandham 6y agoBecause it's the real number. Every broker does this and they can't misrepresent the market or your account. The issue is that some people don't understand how option trades work, in this case a credit spread with 2 legs of a trade. One side was exercised and would have been offset by the other side when the broker got around to it, but it's not incorrect data. It's up to the trader to understand their trades.