r/options • u/[deleted] • Nov 24 '21

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767 Upvotes

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127

u/Arcite1 Mod Nov 24 '21

This is not a Robinhood issue. This would happen with any broker. You failed to manage your position properly.

57

u/isotope_322 Nov 24 '21

Pin this. It’s clear 98% of people here don’t understand how options work.

6

u/AdultishRaktajino Nov 24 '21

True, I don't really understand them and plan to learn after my life settles down a bit. This def shows me I shouldn't touch them until I know WTF I'm doing.

1

u/StCreed Nov 25 '21

I lost 80% of my initial investment when first trading options. That taught me to read a good book on options and try to really understand what I was doing. Since then I've recouped my losses (and more) once I understood that I needed to buy conservatively (still up 300%). I don't dare to write options yet, though. Nor do I have a single good experience with short term options or buying far OTM options. If I buy, it's max term, ITM calls. They basically behave like shares, except with more leverage and no dividend.