Yeah Jessie Livermore knew what he was doing and just got too depressed with a loss that he knew he could never gain back. But this guy committed suicide because he didn't understand how option positions settle and didn't even bother to ask anybody to understand it. And ironically he was actually making a profit. That's the sad part. I mean I understand the family wants something to be done so their only son didn't die in vain but on this one, their son really needed to bear some responsibility. He really wasn't the only 20-year-old trading with RH.
Family of Robinhood user who died by suicide sues company
- Thread starter ajacobson
- Start date
Yeah Jessie Livermore knew what he was doing and just got too depressed with a loss that he knew he could never gain back. But this guy committed suicide because he didn't understand how option positions settle and didn't even bother to ask anybody to understand it. And ironically he was actually making a profit. That's the sad part. I mean I understand the family wants something to be done so their only son didn't die in vain but on this one, their son really needed to bear some responsibility. He really wasn't the only 20-year-old trading with RH.
the tragedy here is that the losses weren't real,
when they are real, it's perfectly legitimate to kill yourself
I teach my son day in and day out that nothing and I mean nothing is worth your life. The biggest tragedies in life will be a bleep in the screen specially being so young. You’re an idiot for real bro.
Special note: The following post may have a sarcastic tone. Because nobody should kill themselves over money. Money is replaceable, your life isn't.
So apparently nobody reads the news here...
TL;DR: Kid sells verticals, gets exercised, RH asks for 170K margin, kid emails support, gets 3 automatic responses, he is too stupid to talk to a live person (including family member) or gogle personal bankruptcy, kills himself. Less than a day later RH corrects itself. The overall position was never negative. Family wants somebody to blame, sues RH.
Note: before killing yourself, give it 24 hours, will you? And TALK to someone!!
If you want the long version, here is a 9K posts thread for ya....
So apparently nobody reads the news here...
TL;DR: Kid sells verticals, gets exercised, RH asks for 170K margin, kid emails support, gets 3 automatic responses, he is too stupid to talk to a live person (including family member) or gogle personal bankruptcy, kills himself. Less than a day later RH corrects itself. The overall position was never negative. Family wants somebody to blame, sues RH.
Note: before killing yourself, give it 24 hours, will you? And TALK to someone!!
If you want the long version, here is a 9K posts thread for ya....
At that time, RH did not have phone customer service
This type of case in the USA is not decided by a judge.
A judge will rule on various motions early in the process. A judge can dismiss the case if it does not meet a certain basic threshold of evidence. But if the case gets past that point, it will either be settled privately without going to trial, or it will go to trial and be decided by a jury.
BMK
could have gone to Investopedia, or even google it and doing some research, and he would have got the answer
I think RH and trading in general should be banned for anyone who doesn't go to a minimum training if they want to go the DIY route
3.5
Suicide for loss of money via stocks is not isolated to those with little to no training. You seem to have some sort of vendetta for this RH/Gills/GME story.... Did you lose some money?