Re: Young trader dies by suicide after thinking he racked up big losses on Robinhood
We've heard many stories about traders committing suicides in the past for losing his clients money. Its a tremendous pressure from clients when they ask about thier money and so they hang. But for a 20 year old, he should just be partying and enjoy youth.
As for OP, did you try to lure us to join your reddit sub for this boy's death?
Why risk if you arent' ready for consequences
P.S by the way where did he take those money from?
P.S by the way where did he take those money from?
I think it was from a miscalculated leverage Robinhood displayed. Not that he owed that amount.
https://edition.cnn.com/2020/06/19/business/robinhood-suicide-alex-kearns/index.html
Quote
Although Brewster initially believed Robinhood had improperly granted Kearns vast amounts of leverage to trade with, he no longer believes that was the problem. Twitter users who saw Brewster's stream of tweets alerted him that options traders on Robinhood sometimes see a negative cash balance until the other half of their trades are executed.
In other words, Kearns did not actually owe $730,000. But he was apparently led to believe he did.
In other words, Kearns did not actually owe $730,000. But he was apparently led to believe he did.