LMAO Robinhood replaced “buy call” and “buy put” with “going up” and “going down,” because they know people have no idea how to trade optionspic.twitter.com/Ncxo2JcO7F
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You're right, that's my mistake. Too caught up in Robinhood rolling out crypto trading. Regardless, demistifying complexity or unintuitive nomenclature is good UX. A person doesn't have to know the technical title to have an opinion of the underlying reality.
true but a lot of people might lose their shirts on this. Making something complicated easier is great if the risk is understood. Previously the risk was behind a high learning curve. Now it is in plain sight.
That's a really great point and I agree. However, I think the same could be said about how prior financial investment opportunities were unavailable to the public (like equities) but are now commonplace. Additionally, these are puts and calls, not naked shorts, so less $ at risk.
These are out of the money calls recommended as “medium risk,” where there’s probably a 50%+ chance you lose 100%. Quite a bit different IMO
Yeah I see your point. It actually makes me really nervous that they guage investment risks like that because the consumer will incorrectly rely on them to inform their investment decisions. That's a pretty big red flag that, while increasing their fees, can cost people big.
This was a shockingly reasonable discussion for Twitter. Well done guys 
its almost like he justified your original premise.
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