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Guy commits suicide after seeing false negative 730k balance in trading app -- HokieDan95 06/19/2020 11:15AM
Something else going on. There's more to this story ** -- typed by ben 06/19/2020 1:58PM Might just have been the straw the broke the camel's back ** -- HokieDan95 06/19/2020 2:01PM Yeah this didn't help, you don't throw yourself in front of a train -- typed by ben 06/19/2020 2:15PM Don't speculate. -- vtbones 06/19/2020 2:31PM Agitprop by Thinkorswim ** -- typed by ben 06/19/2020 2:35PM "it's ProPogaNdA". -- vtbones 06/19/2020 2:57PM Darwin strikes again ** -- fordham 06/19/2020 12:42PM Hard to believe a 20 year old didn't realize that was impossible -- soflahokie 06/19/2020 11:42AM Wouldn't it absolutely be possible if he was shorting? ** -- MP4VT2004 06/19/2020 12:39PM If he forgot to hedge then yes, but I don't believe he was shorting -- soflahokie 06/19/2020 1:01PM I think he had a spread expire, with one of the ends executing first. -- 4dhokies 06/19/2020 2:15PM Unfortunate but the guy had no idea what he was doing ** -- Technocrat 06/19/2020 11:29AM Robinhood is not really used for investing, but "betting" on stocks ** -- HokieForever 06/19/2020 11:28AM How is it different from any other platform? Is it marketed differently? -- jmanatVT 06/19/2020 12:13PM Mobile app and targeted towards millenials. ** -- Hokie360 06/19/2020 12:19PM How does that make it gambling over investing? ** -- jmanatVT 06/19/2020 12:50PM They were the first to eliminate trading commissions. -- Hokie360 06/19/2020 1:09PM I guess I just don't see commission free trading as encouragement -- jmanatVT 06/19/2020 1:24PM Agreed. The fact it can be used to "gamble"... -- MP4VT2004 06/19/2020 1:07PM How do you get a negative balance on investments, though?? -- Nova Hokie 95 06/19/2020 11:21AM He was probably short selling. ** -- RoswellGAHokie 06/19/2020 11:30AM You can if you're trading on margin. ** -- Hokie360 06/19/2020 11:25AM My question as well ** -- HokieDan95 06/19/2020 11:24AM Not when you trade options on margin. ** -- vtbones 06/19/2020 11:24AM Wouldn't that mean he had over $730,000 to begin with?.. -- Hubman 06/19/2020 11:27AM Margin is borrowing money. And no I don't think you do. -- vtbones 06/19/2020 11:35AM You are probably right, he wasn't options trading -- HokieForever 06/19/2020 11:32AM No he was ** -- Synaesthesia 06/19/2020 11:39AM Wow, looks like he was -- Nova Hokie 95 06/19/2020 11:36AM Wow, interesting ** -- HokieForever 06/19/2020 11:46AM A 20 year old with limited investing experience -- GreenvilleVT 06/19/2020 11:52AM ^^^ This options and margin trading, check out wallstreetbets on reddit** -- HokieForever 06/19/2020 11:26AM I would have called customer service first, but that's just me..... ** -- Hubman 06/19/2020 11:20AM ...it’s only money ** -- chumley 06/19/2020 11:30AM Talk about jumping to conclusions and not investigating. So sad. ** -- coshokie 06/19/2020 11:20AM "Jump to conclusions"...Reminds me why I think "Office Space" should be -- Coach McGuirk 06/19/2020 11:28AM
