Don't forget to not only subscribe but ENABLE NOTIFICATIONS because I suspect with this channel being inactive for so long, the algorithm will need time to "wake up" and might not recommend my videos at all if you don't! (Also if you don't I'll forcibly break down your home's door while you're away and go on your computer to subscribe you myself)
@Sventasis
5 жыл бұрын
Good tactic hearting your own comment to gain some traction. Respect.
@ZaDowlan
5 жыл бұрын
It's called a leverage loop
@ZaDowlan
5 жыл бұрын
I think I've seen enough. I'm probably not trading on robinhood anymore.
@Conservator.
5 жыл бұрын
ThioJoeTech Dear Thio, This is to let you know that I watch your video’s on my phone. So breaking into my home would be a waste of your valuable time. I suggest to follow me (physically, not on Twitter) and hit me on the back of the head but not too hard because you’ll still need face-ID to unlock my phone. HTH
@ThioJoe
5 жыл бұрын
GUH
@synthesthea
5 жыл бұрын
yes, i agree
@mattp12
5 жыл бұрын
GUH
@bravohomie
5 жыл бұрын
GUH CHAIN
@ziyadshafi
5 жыл бұрын
Guh
@ruutu_u
5 жыл бұрын
*gUh*
@ruutu_u
5 жыл бұрын
This is the creative mode of stock trading
@username4471
5 жыл бұрын
Lmao
@PantsYT
5 жыл бұрын
/gamemode creative Trader7353
@julionazario9143
4 жыл бұрын
🤣🤣🤣
@markusTegelane
2 жыл бұрын
@Firez funny coincidence...
@keithscott1957
5 жыл бұрын
Gonna party like it's 1929!
@rem145
5 жыл бұрын
Keith Scott this is exactly what happened In 1929 before the Great Depression. It’s very illegal!
@thelivingshadoka6176
5 жыл бұрын
Im glad you started this story on the exploit and laughed understanding half of it. Thanks to your explanation I'm laughing twice as hard XDDD
@slavko5666
5 жыл бұрын
3:00 He wasn't taking advice from Socialists, rather mocking them.
@spazysmalls
5 жыл бұрын
i laughed when i discovered this guy but i actually feel sorry for him man. This is insane, that risk was outrageous
@willford8475
5 жыл бұрын
In a couple of weeks these people will be ringing The Dave Ramsey Show for advice! "I lost a Million" Lol.
@sf8262
4 жыл бұрын
And when he asks how: Guh
@joshoouh69
5 жыл бұрын
Oh my... I cannot even fathom being in that much debt. 😂
@wildb4206
5 жыл бұрын
What makes you think it's a "glitch"? He's in debt to Robinhood. They own his mountain oysters.
@sterlinghazelton2080
10 ай бұрын
Because robinhood will never see that $40k. This man is worth nothing, and robinhood owes 40k to someone because of him
5 жыл бұрын
Still have to pay it all back, they have all your Info to ruin you.
@id104335409
5 жыл бұрын
I knew Robinhood had a way of suckering fools to lose money. And there you go - the result.
@TetrahedronIX
4 жыл бұрын
Simplified=They are buying in the money calls and only paying the premium for each 1000 share contract, but able to gain margin buying power for the full amount of an exercised option. For example two weeks ago I bought a $50.00 option call for 1000 shares of Peloton with a strike price of $28. I only paid $50.00 dollars but this gave me the right to purchase 1000 shares if the stock price went above $28.00. The price went from $26 to $28.84 so my profit which started at the strike price of $28.00 came to $840 minus the $50.00 I paid for the premium =$790.00. I made this without actually owning the stock. If I were to purchase the stock it would have cost me $28.00 x 1000= $28,000. Robinhood is treating the intrinsic value of the options contract as equity or security and giving people 2x or 3x the buying power of a fully exercised option.
@knightwing5169
5 жыл бұрын
Mr. Beast needs to do something with this app.
@tedcarriker3293
5 жыл бұрын
Welcome back.. I know you will do well. Looking forward to more content 👀
@IkaikaArnado
5 жыл бұрын
He used the credit from selling calls to borrow more money to sell more calls and kept repeating. Haha, RH screwed up majorly and people are making it epic!
@douglastolandsr.6580
4 жыл бұрын
Love the new channel , I’ve always liked your videos but this was great ! Do more like this one 😂
@philochristos
Жыл бұрын
I wonder if anybody actually made out like a bandit using that glitch.
@dperc3024
6 ай бұрын
I did something similar I had Qs calls when it was around 19-20 I forgot tbh but I remember turning my 600 into 3700-3800 🤣but I didn’t sell because I was scared I was gonna get (daytrade ban) I look back at that years later I could’ve just sold and took the van would’ve been up 3200$ off of their money mind u I had like a few bucks in the bank at the time 🤣good time they patched it tho they take the deposits instantly now 😭
@dperc3024
6 ай бұрын
Could’ve just switched to a cash account and I would’ve been chilling
@ReezyVuitton
3 ай бұрын
@@dperc3024 I don’t think Robinhood has patched this yet. Also do you think they allow you to withdraw the infinite margin loan to your bank account?
@temeZer
5 жыл бұрын
Wow, this video is a source on the Robinhood Wikipedia page right now, for "This has been confirmed to be illegal in the USA."
@chubbysumo2230
5 жыл бұрын
Robin Hood is on the hook for this, unfortunately none of these people will face their own debt, they will however base a FTC investigation, and could be held liable as a debtor to a company they ripped off.
@HK-lz6lj
5 жыл бұрын
you look like a slightly less awkward version of Michael Cera
@dean3850
5 жыл бұрын
Robin Hood's probably not do anything about it because the software glitch does not bypass ACH security protocols.
@Numb_
5 жыл бұрын
Aye, you finally remembered your password
@i_am_blur
5 жыл бұрын
Cheers! Excited for the new direction. Would love to see a less buttoned-up, less family-friendly side of Joe with more memes and cheeky language and humour! POG Champ!
@texascyclone89
4 жыл бұрын
Moral of the story is quit while your ahead lol.
@rickpickle
5 жыл бұрын
woah, this dude wasn't alive to know that before the internet, we had america's funniest home videos (with Bob Sagget of all people)
@LiEnby
4 жыл бұрын
This guy is truely Robinhood.
@jure.
5 жыл бұрын
didnt you stop making troll vids? **watches video** oh... ok then
@sandtanmaroon
5 жыл бұрын
Soon we’ll have GTA money glitches but for real life
@SnazzBot
5 жыл бұрын
It's only a loss if you sell.
@evilsidsmonkey
3 жыл бұрын
That silly guys in debt
@gamersomatic5395
5 жыл бұрын
Thanks now I can laugh whenever I see those gay robinhood commercials
@gamersomatic5395
5 жыл бұрын
Also I got served one on this video
@Ciborium
5 жыл бұрын
It's all fun and games until the collections agent shows up at your door with the sheriff to foreclose on your stuff.
@FermiToll
4 жыл бұрын
i see a lot of news of videos about this, but all at the same time, anything since then, no follow up, forgotten. I am very curious to know what happened, if it is as you describe.
@vikramrulesrox
4 жыл бұрын
What's the interest rate on that money?
@bitehunter122
5 жыл бұрын
What that guy did reminds me of how you used to make those crazy practical joke videos.
@BellaNC
5 жыл бұрын
People today are nuts!!! (Except you! and me, of course! And ThioJoe watchers!).
@Mikjaash
5 жыл бұрын
lmao RH is not going to start collecting this. they fucked up, and they know it
@19f97
5 жыл бұрын
What if you just take very low risk and then just pay back the loan when you have cashed out the profits?
@AQuietNight
5 жыл бұрын
The stock goes up he can sell it and cover his loss.
@ricogoins
5 жыл бұрын
you know youre alive when you upload a video per minute
@ThioJoeTech
5 жыл бұрын
I talked at 20x speed then slowed the video down in the editor so i could upload it very fast
@ricogoins
5 жыл бұрын
@@ThioJoeTech oof
@MoltenMouseMetal
4 жыл бұрын
"What's the most you've ever lost in a coin-toss?"
@agentbenom6793
5 жыл бұрын
Intelligence Level: 100
@ThioJoeTech
5 жыл бұрын
What if we used 100% of our brains?
@nicholaskinkaid
5 жыл бұрын
You got to spot the technicalities. Maybe LVL 100 but not specified out of how many total. 100 out of 10,000 safely categorizes the whole lot to mentally retarded.
@iambluexd
5 жыл бұрын
hmmmk...rant about the new youtube shit next, like...tbh the verification badge only, I h a t e the new change for it
@jackanderson9424
5 жыл бұрын
No freakin way welcome back
@Rememberingcivilwarhistory7744
4 жыл бұрын
now you know how robinhood can afford to provide free trades
@603Madison
5 жыл бұрын
I'm gonna make a T-Shirt for this occasion
@smooothest
5 жыл бұрын
Great Depression 2: The Awakening
@LiveInZombietown
5 жыл бұрын
I almost forgot about this channel
@kennethrosario3675
5 жыл бұрын
That moment when thiojoe should start a stock market channel. Sounds like you know what you talking about. Does not sound like you googled these terms but had hands on experience.
@robbycooper6787
4 жыл бұрын
well is this safe or will it be the second great depression
@RealLukeJames
4 жыл бұрын
I just got a robin hood ad on this video. WHY
@justiceiria869
4 жыл бұрын
with all the knowledge we have now, you would think that society as a whole would get smarter. i am 17 and i never thought that adults can at this foolish over money. life isn't a joke, don't play it when you don't understand the game.
@Qazwsxedc165
5 жыл бұрын
When this channel becomes active again: GUH
@KierenA
5 жыл бұрын
I love the revamp on this channel. Please do more stupid financial people do. Thanks
@CaptainApathetic
5 жыл бұрын
People are able to pull this shit and I had to sell the $16 I had on robinhood to get gas.
@codeitraw5241
3 жыл бұрын
The moral of the story: buy calls with your margin glitch 😂. All the losses was puts. Remember guys
@thehen101
5 жыл бұрын
cool. but how do i upgrade my ps4 into a ps5? and does it work in india (kashmir region)?
@damyr
5 жыл бұрын
The Joe is back!!!! 💪😈🤘🤘🤘
@annem1675
4 жыл бұрын
I got a Robinhood ad when I watched this...
@Austin-zg6gt
4 жыл бұрын
If only they had used infinite money to force robin hood into a hostile takeover..
@Falto
5 жыл бұрын
Yoo thio Joe tek is bacccccc
@zebalewski1
5 жыл бұрын
Good to see you back. I thought you died of the AIDs
@ThioJoeTech
5 жыл бұрын
I did but i was resurrected through the power of memes
@zebalewski1
5 жыл бұрын
@@ThioJoeTech glad you're back, I used to watch you all the time back in the day
@czr5145
5 жыл бұрын
You are the Ben Shapiro of technology😂
@Serotonin234
5 жыл бұрын
I got a robin hood ad...
@tanishpatki4711
5 жыл бұрын
Shadys back. Back again.
@_SJ
5 жыл бұрын
Newly suscribed! Thanks for this video :-)
@Conservator.
5 жыл бұрын
After that threat on your main channel I immediately subscribed. I hope I wasn’t too late. PS. My keyboard is on my phone. Please don’t hit me with it.
@hedwig7s
5 жыл бұрын
i was wondering if this would come back
@hedwig7s
5 жыл бұрын
how did i know that i was going to get a heart lolololol
@BrickTamlandOfficial
5 жыл бұрын
well if everyone used the glitch, nobody would be liable. robinhood would just go bankrupt and have no way to get the money back.
@primemover1930
4 жыл бұрын
There are plenty of reasons to do this. Maybe someone is already suicidal or plans to move to another country. Would you put everything down for a 50/50 chance to win the lottery? Many would.
@togbot3984
5 жыл бұрын
Stonks ↑
@annem1675
4 жыл бұрын
Guh... HUH!
@nicholashoi3155
5 жыл бұрын
so,this is how to double your money for free
@imatimetraveler5760
5 жыл бұрын
So you can or can't make direct deposits to your bank with the money?...🤔🤔🤔
@ReezyVuitton
3 ай бұрын
I still need the answer to this
@imatimetraveler5760
3 ай бұрын
@@ReezyVuitton you can 👍
@ReezyVuitton
3 ай бұрын
@@imatimetraveler5760 Thank you bro!
@ReezyVuitton
3 ай бұрын
@@imatimetraveler5760 I don’t know much about stocks but I did get a gold account last week. Do you by any chance know how to do the infinite margin loan method step by step?
@denirn8725
4 жыл бұрын
Option traders are little more than casino Craps players. Stock market GAMBLERS.
@bx19tgd
5 жыл бұрын
S T O N K S
@ScribblebytesWorldwide
5 жыл бұрын
Well...all I know is that Robin Hood helped poor people so...keep it up I guess...I researched him for my vlog seried Generic Millennial Programming. There's a sneak peak on my channel now and it's all about Robin and Hoodin. (this video was recommended to me while watching Dr Phil so I have no idea what this app is)
@sterlingfisher1977
5 жыл бұрын
No one's talking about the up side. Literally no one is talking about what happens if you're right. Cause it seems no one here is a real trader or knows how to trade at all. It's only a down side if you don't know what you're doing and just gamble for clout points on reddit. But with 1 million in buying power or even 50-100k in buying power, you can make alot of profit and not lose any of it with proper TA. Not just going all in thinking this is some fantasy land.
@rachard
5 жыл бұрын
Our daddy is back
@josemartintocornal9260
3 жыл бұрын
This people are crazy
@chubbysumo2230
5 жыл бұрын
It's a Reddit troll account, they're all over the place.
@finlaynathan
5 жыл бұрын
Hello gamers
@n8style
4 жыл бұрын
but it's free real estate
@isgril5094
5 жыл бұрын
You made this SO simple thnx
@iaazzzz69420
5 жыл бұрын
come on dad not again
@ryan.harvill
5 жыл бұрын
Excellent vid. More please.
@togbot3984
5 жыл бұрын
I was subbed to this channel but didn't get notified . Why KZitem?
@raebuffoon3903
5 жыл бұрын
Wow you’re alive
@Jam2Africa
5 жыл бұрын
The length was no Homo
@Haywood-Jablomi
5 жыл бұрын
Even if you made a bunch money off the glitch, there's no way they are going to let you collect.
@ReezyVuitton
3 ай бұрын
You can’t withdraw it on margin?
@J.A.M.I.L1
3 жыл бұрын
2 words millionaire overnight
@TheAngriestPasta
5 жыл бұрын
I'm subscribed to you and tbh don't remember you at all. Good video though!
@perpetualcollapse
5 жыл бұрын
Aight then.
@3hitbye356
5 жыл бұрын
Hey what’s wrong with your eyes lol
@zebalewski1
5 жыл бұрын
IF it's illegal for the broker to do, I actually dont think they'll be able to collect this debt. The govt favors consumers heavily over brokers
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