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This is great. I'm interested in options trading so would love to try this out. Do I need an existing brokerage account (etrade, etc) that you link to in order to place options trades, or are you guys a new type of broker similar to how robinhood is?
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I have really enjoyed using the beta version of this product. Makes something complex so simple and accessible for anyone.
Thanks Chris, and hey guys - thanks for checking out Gatsby!
We think that options are really powerful, and yet none of our friends use them because they feel too complicated. We wanted to re-think the experience to make it simpler and more social. We're in beta and are onboarding waitlisters each week over the next couple months. Please signup and give us feedback!
@jeffmyers123 Answering a couple q's below! There is no account minimum to get started. You connect your bank details securely with Plaid, and can start trading within a few minutes of signing up. You can see what your friends are trading on / against. We don't do binary options!
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This is a brilliant product that gives everyone now the 'option' (uh hu!) of trading within a much simpler and intuitive environment - great job Gatsby - well done.
I'm very skeptical about these products that "simplify" things like options trading. There's a lot of depth to options trading that goes beyond betting on an upside or downside of a stock and these products seem to be adopt this vulture-like mentality of trying to engage a lot of potential investors by saying here's this really way to make a lot of money in the market and this simple approach. You can lose a LOT of money trading options and the risks are far greater than just trading stocks ( time value is against you when you buy options, not when you buy stocks, you can lose money on loss of volatility in options etc...)
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Cheers Jeff for the incredible evening product testing. Really excited to start using it on the official launch.
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