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>however I feel you are being unfair to the kid I agree with you overall, but I don't think I am being unfair to the kid. That's the entire reason why I am ext

>however I feel you are being unfair to the kid I agree with you overall, but I don't think I am being unfair to the kid. That's the entire reason why I am extremely hesitant to say that it was all his own fault. I don't think it was purely his fault. And there is a reason safeguards for trading options exist, but he was smart enough to google what specifically he should lie about on that application to get the permission for trading options from his broker. >"this man's failure to do less than a few minutes of googling" is true if you know what to google, but not if you are clueless. >Setting up OAuth is a few minutes of googling to me, but not to the boss of my boss. Makes perfect sense. But if the boss of your boss goes around the company rules, gets access to modifying live prod (by lying to whoever is in charge of granting permissions), and then makes some clueless changes to OAuth in prod that end up bringing down the entire auth infrastructure, I don't think it would be fair to blame OAuth for this. Not a perfect analogy, given that the kid didn't actually blow his account, he just couldn't read the charts for the type of options he was trading. But the main point of what i am trying to illustrate with that analogy still holds.

ClumsyPilot 6y ago
> "he was smart enough to google what specifically he should lie about on that application to get the permission for trading options from his broker." That's a tough one, but I presume he did try to google things before offing himself? Or do you think he just panicked? We've had issues with people lying on online prescription forms in the UK and getting opioids and other controlled substances. Once one person has got them, the 'right answers' spread online and tons of less-informed folks get in. I don't think you can rely on any online form without checking documents.
- filoleg 6y ago
  >but I presume he did try to google things before offing himself? Or do you think he just panicked? Total guess and speculation, but I think it is the latter. Because, at the time when this happened, I knew way less about option spreads than he did (I only knew that it involved two option legs), so I decided to search online to find out whether what he saw on the chart was normal or not. Took me barely a few mins until I found a bunch of posts with people asking a similar question at many random points in time, with answers confirming that it was totally normal. And that was with my almost-non-existent level of knowledge about option spreads. >We've had issues with people lying on online prescription forms in the UK and getting opioids and other controlled substances. Once one person has got them, the 'right answers' spread online and tons of less-informed folks get in. I don't think you can rely on any online form without checking documents. Solid point, but most people can easily guess "correct" answers for brokerages specifically. It is just about earnings, and your experience with options. Maybe a few other basic questions of a similar type, like your employment situation or your personal risk assessment of your profile (been a while for me, so I forgot the details). Since it is a multiple-choice dropdown, you can just pick a really high earnings number and then for the other question pick "multiple years of experience trading options" (or something like that). While with your opioid example, i can totally imagine what kind of an advice people online would give, since the situation with that is a bit less trivial. To be honest, however, I assumed they were checking this info on some level before granting a permission to trade options. But I am not gonna comment on that, as I have zero knowledge of how they process those permission checks. My permission for options was granted naturally through trading for a couple of years and slowly getting more accustomed to the whole process, so I didn't give much thought to that process.

ClumsyPilot 6y ago

> "he was smart enough to google what specifically he should lie about on that application to get the permission for trading options from his broker." That's a tough one, but I presume he did try to google things before offing himself? Or do you think he just panicked? We've had issues with people lying on online prescription forms in the UK and getting opioids and other controlled substances. Once one person has got them, the 'right answers' spread online and tons of less-informed folks get in. I don't think you can rely on any online form without checking documents.

filoleg 6y ago
>but I presume he did try to google things before offing himself? Or do you think he just panicked? Total guess and speculation, but I think it is the latter. Because, at the time when this happened, I knew way less about option spreads than he did (I only knew that it involved two option legs), so I decided to search online to find out whether what he saw on the chart was normal or not. Took me barely a few mins until I found a bunch of posts with people asking a similar question at many random points in time, with answers confirming that it was totally normal. And that was with my almost-non-existent level of knowledge about option spreads. >We've had issues with people lying on online prescription forms in the UK and getting opioids and other controlled substances. Once one person has got them, the 'right answers' spread online and tons of less-informed folks get in. I don't think you can rely on any online form without checking documents. Solid point, but most people can easily guess "correct" answers for brokerages specifically. It is just about earnings, and your experience with options. Maybe a few other basic questions of a similar type, like your employment situation or your personal risk assessment of your profile (been a while for me, so I forgot the details). Since it is a multiple-choice dropdown, you can just pick a really high earnings number and then for the other question pick "multiple years of experience trading options" (or something like that). While with your opioid example, i can totally imagine what kind of an advice people online would give, since the situation with that is a bit less trivial. To be honest, however, I assumed they were checking this info on some level before granting a permission to trade options. But I am not gonna comment on that, as I have zero knowledge of how they process those permission checks. My permission for options was granted naturally through trading for a couple of years and slowly getting more accustomed to the whole process, so I didn't give much thought to that process.