4 ms·
Buying and selling stocks is not a big deal. Worst case you go to $0. It’s the options. Many brokers require you to jump through lots of hoops before trading o
by throwawaygh 6y ago
Buying and selling stocks is not a big deal. Worst case you go to $0. It’s the options.
Many brokers require you to jump through lots of hoops before trading options. And even then limit you to simple contracts first. Maybe rh should do the same,
- swimfar 6y agoYou do have to answer some questions and wait for approval before Robinhood will let you trade options. It's not available by default.
- cromantic 6y agoI've done it, takes less than a minute and is akin to accepting a EULA (which of course no one reads). On the flip side, TD Ameritrade had me go through a somewhat lengthy process and required a 2,000 deposit. They even shipped me a technical booklet on options trading. I wouldn't be surprised if they shorten that process though. Robinhood spawned an entire generation of 18-35 year old high risk & low info options traders. Everyone else probably wants a piece of that.
- mmhsieh 6y agobuying options is no big deal as well; the most you lose is your investment. when you sell options, either naked, covered, or in a spread, the rules are much more complex. should be left to expert marketmakers or full time prop traders. very bad idea for amateurs.