No, no, this isn’t about being a bear. This post is little more than a hyperlink – – but what a link it is! I just stumbled upon this jaw-dropping story about a family who immigrated to the U.S. and had built up a nice little real estate business, having come from El Salvador with nothing. Regrettably, they decided a couple of years ago to dump all their properties ($1.5 million worth) and try to make a much larger fortune by day-trading and, later, options. You can probably guess what happened, but give this a read.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
The Price of Cowardice
I wanted to share two related experiences last week. They do not reflect well on me, but if nothing else, Slope is known for being open and honest, so we might as well continue that tradition.
Let’s begin with this beauty:
How It Was Done
As interesting as the crazy WSB/CTN story was, I honestly didn’t quite understand the Robin Hood loophole. This video does a superb job explaining it:
Running Hot
Remember Slope’s cool Meter Matrix page? Not surprisingly, it’s running awfully hot right now.
Dying from the Inside
Some of you might have heard some rumblings from over in WSB-land. In fact, at 5 this morning, I sent the following email to Tom Sosnoff and Tony Batista, my colleagues at tastytrade:
(more…)I’m not sure if either of you ever don your hip waders and saunter into the madhouse which is /WSB, which the place has turned 100% into a mayhem-filled attic of people shrieking about how you can trick RobinHood into giving you obscene amounts of buying power (like $1 million on a $4,000 deposit). Seems their system is pretty broken, and figured you would want to know (although I suspect you probably know all too well by now) since their faulty code has really exposed them, at least to this group of degenerates on WSB.
