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This article is written like grown-ass adult investors are babies who aren't responsible for their actions and need to be protected from themselves... >“They m

This article is written like grown-ass adult investors are babies who aren't responsible for their actions and need to be protected from themselves... >“They make it so easy for people that don’t know anything about stocks,” he said. “Then you go there and you start to lose money.” What a ridiculous appeal to emotion. "They" don't do anything. The guy made a bunch of shitty trades and lost some money. It's no ones fault but his own. I also think Robinhood tends to cop a disproportionate amount of crap for their down time. Maintaining 100% uptime is very difficult to provide. Even with the amazing code-as-infrastructure we have now its just not realistic to assume there will never be downtime. Their track record might not be perfect but if you compare it to the average crypto exchange they are practically exemplary...

mrlala 6y ago
>grown-ass adult investors You really consider most early 20s to be grown-ass adults? I sure don't.
- CameronNemo 6y ago
  That seems quite paternalistic. Why should 20 somethings have their access to equity markets restricted? They can vote, go to war, use mind altering substances, and more.
  - mrlala 6y ago
    I didn't say they should have restrictions. But I'm also saying a 20 year old isn't (usually) an adult, in the mental sense.
- kjksf 6y ago
  People can be immature at any age but this is not a discussion about that. As a society we decided that there is an age at which you become an adult, fully responsible for your actions. At 16 you can start driving cars (aka very effective killing machines). At 17 you can enlist in an army. At 18 you can become a cop. At 21 you can start drinking. So yes, by definition of our society, at 20 years of age you're considered an adult. At that point if you act stupid, don't expect sympathy.
  - mrlala 6y ago
    > at 20 years of age you're considered an adult Just because you are legally considered an adult doesn't mean you are one. First, do a quick google search on how long the brain keeps developing. Quick excerpt https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2892678/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2892678/ >Longitudinal neuroimaging studies demonstrate that the adolescent brain continues to mature well into the 20s. Second, do you remember when you were late teens/early 20s? Do you remember how everyone was around you? I'm late 30s. I remember my early 20s while in university and basically everyone around me. I was still a kid and so were they. Sure everyone develops differently but to act as if a 20 year old should have the same sense as a 30 year old is stupid and you know it.
    - Jommi 6y ago
      You arguing completely besides the point. Yes the age when you are an "adult" is completely arbitrary and a subjective opinion that differs with every person. However for a society to function we have seen the need to come together and decide on some objective metric where you are allowed to perform certain actions that have the potential to cause yourself harm if misused. You giving your personal opinion that X years of age is not "adult" has no real bearing in this discussion. It would be more fruitful if you suggested some clear objective measure on how to validate if someone is legible for trading options because this seems to be an action were irresponsible acts can lead to huge demise. People can drive cars at 16, potentially leading to loss of own life, and others, if misused. Do you have an issue with that as well?
- loco5niner 6y ago
  They certainly are adults. Unfortunately, they often haven't grown up yet.

mrlala 6y ago

>grown-ass adult investors You really consider most early 20s to be grown-ass adults? I sure don't.

CameronNemo 6y ago
That seems quite paternalistic. Why should 20 somethings have their access to equity markets restricted? They can vote, go to war, use mind altering substances, and more.
- mrlala 6y ago
  I didn't say they should have restrictions. But I'm also saying a 20 year old isn't (usually) an adult, in the mental sense.
kjksf 6y ago
People can be immature at any age but this is not a discussion about that. As a society we decided that there is an age at which you become an adult, fully responsible for your actions. At 16 you can start driving cars (aka very effective killing machines). At 17 you can enlist in an army. At 18 you can become a cop. At 21 you can start drinking. So yes, by definition of our society, at 20 years of age you're considered an adult. At that point if you act stupid, don't expect sympathy.
- mrlala 6y ago
  > at 20 years of age you're considered an adult Just because you are legally considered an adult doesn't mean you are one. First, do a quick google search on how long the brain keeps developing. Quick excerpt https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2892678/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2892678/ >Longitudinal neuroimaging studies demonstrate that the adolescent brain continues to mature well into the 20s. Second, do you remember when you were late teens/early 20s? Do you remember how everyone was around you? I'm late 30s. I remember my early 20s while in university and basically everyone around me. I was still a kid and so were they. Sure everyone develops differently but to act as if a 20 year old should have the same sense as a 30 year old is stupid and you know it.
  - Jommi 6y ago
    You arguing completely besides the point. Yes the age when you are an "adult" is completely arbitrary and a subjective opinion that differs with every person. However for a society to function we have seen the need to come together and decide on some objective metric where you are allowed to perform certain actions that have the potential to cause yourself harm if misused. You giving your personal opinion that X years of age is not "adult" has no real bearing in this discussion. It would be more fruitful if you suggested some clear objective measure on how to validate if someone is legible for trading options because this seems to be an action were irresponsible acts can lead to huge demise. People can drive cars at 16, potentially leading to loss of own life, and others, if misused. Do you have an issue with that as well?
loco5niner 6y ago
They certainly are adults. Unfortunately, they often haven't grown up yet.