capitalism
capitalism
Out of context: Reply #499
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- NBQ002
20 year old commits suicide after owing $700K+ in losses to Robinhood trading platform because he didn’t know he was trading options on margin.
- Apparently it’s that easy to open an account on margin w Robinhood and trade with money you don’t have and amass great margin losses.NBQ00
- Some stocks/ options must’ve really made extreme moves in the opposite direction of his trades to amass $700K+ margin losses, yikes.NBQ00
- Easy if you ignore all the warnings and don’t read upmonospaced
- There should’ve been a limit in place. I know that ThinkorSwim/ TDAmeritrade has limits in place and locks the account if the margin losses are at certain %NBQ00
- I bet this kid had couple grand at most (if at all) in his account. To amass $700K+ margin losses is insane and shouldn’t be possible with little $$ in accountNBQ00
- Always amusing to click View Comments on that site and inevitably its a bunch of nutcases ranting about the jews..yuekit
- I don’t see any jew comment this time :)NBQ00
- You didn't scroll down far enough lolyuekit
- This is America!utopian
- Read that kids, think 10-12 are on Robinhood now day trading, while gaming just in the evenings lolgrafician
- Yeah how the fuck can teens under the age of 18-20 even sign up for trading accounts.NBQ00
- They can’t even get credit cards!monospaced
- They can have FAcebook at 13 I think and sure, robinhood at 12 no wonder the stock market is up with 20 mil. jobless pplgrafician
- ups, make that 40 mil jobless, https://www.nytimes.…grafician
- Fishy...I've never seen anywhere that let you trade more than 50% of your assets, then the margin is called when asset prices go down and 'poof'!formed
- What's to stop somone from trading $100's of million, then declaring bankruptcy? I don't know this "zerohedge", but I can't believe that could happen.formed
- @formed it seems "there's an app for that" case with Robinhood lolgrafician
- Who knows, maybe it was this https://www.bloomber…NBQ00
- I still don't buy it, though. What's to stop someone from pumping stocks, betting millions, etc.?formed
- If it is a glitch, then the kid wouldn't be liable.formed
- @formed so all the adults can do Robinhood under their kids names and if they mess up "oh, it was my kid day trading" smaaartgrafician
- i find the most interesting thing about this phenomenon is ppl switchign from sports betting to day trading. never been a big difference. always saiddeathboy
- gambling.but somehting id never have thought of in shutting down sports. one of those. oh shit moments, on centrally planned actions outside marketsdeathboy
- do the day tradrs also expect a bailout and why they dive in. will the sec step in? they signed off on hertz for bankruptcy caitapl raise,,, it makes no sensedeathboy
- unless they expect the fed to buy them out. its absolute nonsense all around and threatens soemthign americans have taken for granted forever.. reserve currencydeathboy
- 20 yrs ago we lightened up on china to shift to westernized ways. they smiled and went pseudo free markets, or facism in controllign industry and are destroyingdeathboy
- it using human capital, and fae monetray growth,,, well not destroyign it they suffer own bubbles. and showing signs of planned progress collapsing with skeletodeathboy
- cities and depreciating property value. its a very interesting time for us and world issues. since 2016 i realized no matter how smart i am and plan idiots getdeathboy
- in the way. money to skim for day to day trade, but its not real growth and absolutely ruins markets.deathboy
- So this was a case of bad UX somehow, a negative balance before the app would update latest trades?grafician
- More info https://www.forbes.c…grafician
- Nobody is talking about day trading deathboy you stupid fucking cunt. Your entire rant is meaningless as usual because of your stupidity and ignorance.monospaced
- Robin Hood isn’t day trading your retakes.monospaced
- Retard.monospaced