PebHmong Discussion Forum
Life & Living => Money & Investment => Topic started by: hmgROCK on October 26, 2021, 10:58:23 PM
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The kid was like CALI-Guy
A noobie
Basically he was buying put options
And he was also selling put option
The stock went down...
...he lost money on his sell put
But remember he bought some put options
...so he is up too
They will just kinda cancel each other out
Not $700k what he owe
And because its the weekend and stuff don’t get updated
It only show the $700k he lose
Not the one he won
Twenty-year-old Alex Kearns took his own life last June mistakenly believing he'd lost nearly $750,000 in a risky bet on Robinhood, the stock-trading app where he started trading as a teenager.
His parents filed a lawsuit, first obtained by CBS News, on Monday accusing Robinhood of wrongful death, negligent infliction of emotional distress and unfair business practices.
It’s two different stories. Stay stupid.
For someone who claimed to be trading for so long, you sure say stupid things like capital gains and losses will cancel out. There are variables at play, stay stupid.
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Lol
Yea dude
They will just kinda cancel each other out
Do you even trade stocks???
If you make $1,000,000 from apple
But lose $1,000,000 on tesla
They will just cancel each other out
You won’t have to pay 6 figure $1,000,000 tax
;D ;D :D
TRUST ME
I DO TAX EVERY YEAR
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WELPS so much for crying "NO BODY CARES about news threads"..."no view, no comment"...YOUR WORDS, NOT MINE...
What a LIAR! ;D
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he was given a lot of leverage money by robinhood for some reason
1. he bought some put option (stock goes down, he win)
2. he sell some put (stock goes down, he lose)
stock went down..
1. he won... because the stock went down
2. he lost... because the stock went down
robinhood only show 2. because hasn't update yet
if he excerise his 1. they will kinda cancel each other out...
give or take... might win some or lose some depending on the option
AS YOU CAN SEE
THEY WILL KINDA OF CANCEL EACH OTHER OUT
that's just the way the white man's game is being played
For someone who claimed to be trading for so long, you sure say stupid things like capital gains and losses will cancel out.
https://www.cbsnews.com/news/alex-kearns-robinhood-trader-suicide-wrongful-death-suit/ (https://www.cbsnews.com/news/alex-kearns-robinhood-trader-suicide-wrongful-death-suit/)
Alex will never know that he likely didn't lose money on his Robinhood trades. If he had cashed in other options he'd purchased, his lawyers said, he may have even made a profit.
"The information they gave him was just incredibly skewed. And possibly completely wrong, because they make it look like you owe $730,000 when you really don't owe anything," said Benjamin Blakeman, one of the Kearns family attorneys. "That could panic just about anybody."
But after Robinhood sent him a late-night email requesting he pay more than $170,000, no one at the company was available to answer his questions.
"They provide no mechanism through a telephone call, through live email service, to get live answers to questions," says Ethan Brown, also an attorney for the Kearns family.
Dan and Dorothy Kearns believe that if a Robinhood customer service agent had responded to Alex's questions, Alex would still be alive today.
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Robinhood don’t suck
Its you...
You suck
Watch rocky turns around and say that Robinhood doesn’t suck after giving evidences that it does.
Since you claimed to be a tax professional, why don’t you explain to us when you can not deduct losses? Hurry up and google it.
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I give you time to google. ;D ;D
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i just don't want you to end up like that ROBINHOOD KID
okay??
don't want to see you on the 6 '"o clock news"
thanks ;D ;D ;D
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Watch rocky turns around and say that Robinhood doesn’t suck after giving evidences that it does.
Since you claimed to be a tax professional, why don’t you explain to us when you can not deduct losses? Hurry up and google it.
This.
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I’m just looking out for yall
We just all trying to make money
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It’s two different stories. Stay stupid.
For someone who claimed to be trading for so long, you sure say stupid things like capital gains and losses will cancel out. There are variables at play, stay stupid.
Here’s a variable at play, in Roth IRA or HSA, there is no canceling of capital gains or losses. Thought you are a tax pro? Don’t let this rookie schooled you.
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Watch rocky turns around and say that Robinhood doesn’t suck after giving evidences that it does.
Since you claimed to be a tax professional, why don’t you explain to us when you can not deduct losses? Hurry up and google it.
Seen the hippo-crib LIAR flip-flop on many occasions over the "YEARRRSSS"...so NOTHING new if he does it again.. ;D ;D ;D
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THAT GUY even STOLE the story from my thread so as usual "a day late, a dollar short" ...ACTUALLY, he's over a year late... ;D:
http://www.pebhmong.com/forum/index.php/topic,401762.msg4974129.html#msg4974129 (http://www.pebhmong.com/forum/index.php/topic,401762.msg4974129.html#msg4974129)
(https://i.imgur.com/bN7M2jd.png)
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Here’s a variable at play, in Roth IRA or HSA, there is no canceling of capital gains or losses. Thought you are a tax pro? Don’t let this rookie schooled you.
I don’t get it
Is this part of your story???
You won’t need any ROTH IRA, HSA
Because your story is about a taxable account from your wash sale
;D ;D
I don’t think a person is that disciplined and just keep investing only 10k after making 90k initially. The next day, he’s throwing in the full 100k and by the 3rd day, his investment has grown to 7 figures. But by the 4th, 5th, and 6th day his investment has shrunk back to 10k or below it. If he doesn’t time it right, irs only sees him making that 7 figures and not a wash. Now he’s in the hook for 7 figures taxes. Ouch, just scenarios but watch out if buy and sell often. This is a genuine issue.
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i do bookkeeping
TRUST ME
I DO TAX EVERY YEAR
This ;D ;D
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Its really not that hard
The story you told is about wash
This usually mean its in a taxable account
I don’t get why you going around trying to start these new variable
But go on ahead
ITS YOUR STORY
Plus roth ira has a $6000 cap so the dude can’t just throw $100k at it
Unless it already in the account from all the years
;D ;D ;D
AGAIN ITS YOUR STORY
I DONT WANT TO MESS UP YOUR STORY
This ;D ;D
I don’t think a person is that disciplined and just keep investing only 10k after making 90k initially. The next day, he’s throwing in the full 100k and by the 3rd day, his investment has grown to 7 figures. But by the 4th, 5th, and 6th day his investment has shrunk back to 10k or below it. If he doesn’t time it right, irs only sees him making that 7 figures and not a wash. Now he’s in the hook for 7 figures taxes. Ouch, just scenarios but watch out if buy and sell often. This is a genuine issue.
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It’s your topic, look above if you need a reminder. You quoted me twice so how do you respond?
Not too bright right there.
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It’s your topic, look above if you need a reminder. You quoted me twice so how do you respond?
Not too bright right there.
Yeah
This is thread is about the robinhood kid story
Robinhood don’t offer ROTH IRA ACCOUNT
so these trades are all in taxable account
And you can just write and cancel all that loss off
Cuz he was hedging against his bet
YOU DEALING WITH A SEASON VET!!
check yourself at the door
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Then why quote me for? You know I’ll just wipe the floor with your thick head. If you were a seasoned vet, it would show. It’s more like you’re a seasoned dumb ass.
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Then why quote me for? You know I’ll just wipe the floor with your thick head. If you were a seasoned vet, it would show. It’s more like you’re a seasoned dumb ass.
You don’t need to start all these variables and shyt
Because robinhood don’t offer ROTH IRA
Its just common sense man
If you say “wash”
Im already thinking about your normal brokerage trading account
YOU DEALING WITH A SEASON VET HERE MAN!!!
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Then why do you need to quote me for?
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Then why do you need to quote me for?
I’m trying to educate people
Don’t want to see you hang yourself
Like the robinhood kid
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I’m trying to educate people
Don’t want to see you hang yourself
Like the robinhood kid
Why educate anyone with your limited knowledge of investing when you get schooled by this rookie?
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Why educate anyone with your limited knowledge of investing when you get schooled by this rookie?
I don’t get it
How do i get school
You talk about “wash”
Than you going around talkin about ROTH IRA wash variable
THATS SHYT JUST DONT MAKE SENSE TO ME
You can’t even do wash in ROTH
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I don’t get it
How do i get school
You talk about “wash”
Than you going around talkin about ROTH IRA wash variable
THATS SHYT JUST DONT MAKE SENSE TO ME
You can’t even do wash in ROTH
I thought you are a tax pro, a seasoned investor? All you can muster up is some sub level retarded info?
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I thought you are a tax pro, a seasoned investor? All you can muster up is some sub level retarded info?
I’m just trying to muster your reasoning
Cuz it don’t make sense
LOOK MAN
REAL TALK
NO BS
JUST GET THE FORM THE BROKERAGE SENT YOU FOR YOUR TAX
they already did all the work for you
;D ;D ;D
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For a guy who claimed to be a tax pro and a seasoned investor, why do you spewed nonsense so much?
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For a guy who claimed to be a tax pro and a seasoned investor, why do you spewed nonsense so much?
LMAO
why you soo mad man??
I’m just trying help
Your brokerage and bank are required to sent you form for your tax
;D ;D ;D
YOU MAD CUZ I EXPOSE YOUR EGG
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Anyone seeing this knows you’re an idiot. Why do you continue to be an idiot?
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WTF is your problem man
Why you got beef with me ;D ;D
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WTF is your problem man
Why you got beef with me ;D ;D
I don’t have beef with you, I just dislike your misinformation . If you’re spreading lies, I will call on you no doubt.
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I don’t have beef with you, I just dislike your misinformation . If you’re spreading lies, I will call on you no doubt.
Lol
I don’t spread lies man
I’m just trying to educate
Don’t want you to end up like this robinhood kid
Who kill him self
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Lol
I don’t spread lies man
I’m just trying to educate
Don’t want you to end up like this robinhood kid
Who kill him self
Who are you trying to impress, you’re just making a fool of yourself.
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Don’t want you to end up at the six o clock news
Because you don’t know what you doing
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Don’t want you to end up at the six o clock news
Because you don’t know what you doing
Facts above said that you don’t know what you’re saying or doing.
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I don’t know why you keep spreading misinformation
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Always getting caught with your pants down, pull your pants up already fool.
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I don’t spread lies
And there goes another LIE:
yeah i just make that stuff up