Hacker News new | ask | show | jobs
by gruez 1949 days ago
>people have autonomy in the markets, although sometimes naive, they know the risks.

Why? Because they ticked the "I'm an experienced options trader" box? This guy did, but clearly didn't understand how options worked.

https://news.ycombinator.com/item?id=23523246

2 comments

Most financial advisors, like this person, do not day trade and certainly don't mess with options. Aside from the risks involved, I think you'd have a hell of a hard time finding insurance for your firm if that was the case. No one wants to be stuck by themselves when they fat-finger an extra zero and lose someone else's $50k.
People who choose to take stupid risks don’t deserve pity if they get burned.