yo this is Johnny from Yolo fire I'd like to thank all my viewers out there
and subscribers I noticed I picked up a few subscribers this week so appreciate y'all
It's motivating me to keep up on my schedule posting at least two videos a
week one on my weekly options trades and a second on personal finance in general
related to fire: financial independence retiring early as you can see from the
title I am completely done with Robin Hood you know you get what you pay for
No Fee trades No Fee transfer any money in and out and the options trading group
I belong to on Facebook and on YouTube I knew about the disadvantages of using
Robin Hood but this week I mean they were just slapping me around in the face
and I'm not the only one apparently this week doctor dividend posted a video him
and his subscribers weren't getting paid dividends on time or they were just
listed as pending and it's been days and it hasn't been credited to their account us
vs. herd there were some people complaining about other stuff and then
another guy I follow on YouTube mr. profit he lost a lot of money on credit
spreads but his problem I knew about cuz you know Robin Hood closes out your
option on Friday of expiration like an hour before close but in my case I
was out of day trades for the week so I held an overnight trade even though
I said I wasn't gonna do that but I had a Tesla put overnight and then of course
it went against me the next day so I tried to get out and I did get out but
then I got a pop-up message saying Robin Hood is withholding funds for closing a
high-volatility trade uh-huh so not only did I not have any Day trades I
purposely held overnight trade so I would have the cash available you know
make up for the slight loss I had on that Tesla so with the remaining buying
power I had left I bought a small lotto play on Nutanix for their earnings
and and then I tried to get out the next day and now I get a different error or
warning: "options below $3, trade in a five cent increment do you want to
update the limit price to zero?" so basically I had to wait till that option
reached $5 so I could salvage some of it or I could sell it at zero which I don't
even know if that's possible so I have to wait until it hits five dollars or
five cents or let it expire December 21st
so obviously I'm gonna let it ride until the 21st but I do have a good til
cancel order at $5 just to get rid of it so I can finally close out and
withdraw all my money from RobinHood at this point I don't think the free
Commissions outweighs the disadvantages so I'm gonna withdraw all my money from
Robin Hood as soon as this position closes and I'm gonna add more money to
tasty works and the reason I don't use tasty work while out of day trades on
Robin Hood was I need a second monitor so I actually just used some of my free
Amazon gift cards that I got from Bing Rewards so I bought a mini DisplayPort
adapter for my surface pro that way I could have charts on the external
monitor and then have the trading screen on the main screen so it looks
sort of professional like hopefully as things get better and the account grows
I can step up to a real desktop with three to six monitors I mean that's way
down the line the week started off terrible this is the rant part so if you
don't want to stick around so I was visiting the parents just joking around
talking about quitting school and um doing YouTube and day trading full time
and then wow you know pretty much everyone was yelling at each other and
yeah my father I think he was holding this in but I mean straight-up call me a
loser so I was like you know finish dinner and then you know let things cool
off a little and then I was like you know nice seeing y'all and then left
and went to see some other family members in a different state and then
drove back home 10 hour drive usually but with all the accidents on all the
interstates I mean it took 12 hours and then you know right at the end I get
pulled over and you know I don't have a job so this the money is gonna come out
of the trading account you know it's been quite a week yeah I'm staying
positive and every time I get a new subscriber you know just motivates me even more you
know before I started the channel and posted my first video I followed a whole
bunch of people with Robin Hood accounts, small trading accounts, and things like
that and now I'm looking at 'em and you know I'd say maybe 5% still post and the rest
you know have like three videos or ten videos and then they just stopped you
know I'm out there I'm gonna keep trying and trying to get more side hustles and
hey, you never know in 2019 I might actually take a leave of absence and then see
if I can have enough for me to achieve lean fire or a minimum barista fire or
coast fire which is having part-time jobs or a low stress job that covers all
expenses. Gets you to a point where your your retirement savings is enough for
you to completely retire. I'd like to thank all my viewers and subscribers again I
hope it wasn't too depressing for you but you know just trying to keep it real
you know you keep me motivated to keep going on so until next time thanks a lot
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