LogFAQs > #950203636

Don't touch options unless you learn the greeks and how to control risk. A shitty platform for small traders like robinhood doesn't even have rudimentary educational materials to really learn option basics and fundamentals. Go to a better platform if that's what you want to do - all of the big ones should have materials. TD Ameritrade has excellent resources as well as the thinkorswim modeling platform.

The light in the tunnel was not daylight. It was an oncoming train. This was predictable. The sad thing is that many people were suckered into putting money in the trade way too late when the risk-reward profile was totally skewed towards a big loss. And the people encouraging them to do it were fellow retail traders who, of course, were driven by their own financial self-interest in fueling the pump. I wish people would learn from the experience, but I doubt they will do more than cry foul at "wall street" and "hedge funds". The first rule of investing is don't lose money. You make it much easier to follow that rule by not making idiotic and unreasonable investment decisions predicated on supposed moral authority and get rich quick schemes.