EU, led by Germany, has an agenda to outlaw trading. They're not even that secretive about it in Germany. Of course they will still selling it as "protecting" someone from something.
For now you can do the PRIIPS KID thing if you qualify.
Rookie Trader Racked Up $700K In Debt
- Thread starter ironchef
- Start date
EU, led by Germany, has an agenda to outlaw trading. They're not even that secretive about it in Germany. Of course they will still selling it as "protecting" someone from something.
For now you can do the PRIIPS KID thing if you qualify.
I remember running into that cheat story on WSB back in Jan. I thought it was bogus, like unlimited Pac-Man or Defender lives so I moved on. Reminded me of when you could churn your IRA back in 03 except the most you could lose was your cash account. This takes me back to the 80s when brokers bought on your word and you had T+5 to get them the funds.
Edit: Never mind, realized your post was a reply to the article link but I will let it stand.
What's more likely to happen with PDT is (speaking out of personal experience a number of years ago) over-committing a large proportion of one's capital into the brokerage account rather than diversifying by a small portion, in order to meet the $25k requirement with some room to spare. Anyway, thread isn't about that so I will shut up.
What's more likely to happen with PDT is (speaking out of personal experience a number of years ago) over-committing a large proportion of one's capital into the brokerage account rather than diversifying by a small portion, in order to meet the $25k requirement with some room to spare. Anyway, thread isn't about that so I will shut up.
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Damn. Didn't knew that he suicided.
(haven't finished reading those tweets, i know, i know...)
Thought that he ,,just'' lost. Now looking back at comments that i wrote, looks like the one on drugs thyself.
Not worth loosing over truly. But young folks suicide for lesser things.
After a break-up, being humiliated in public, damn, this girl :
View attachment 230617
- due corona fear. (not only because of that, but because there was noone next, with clear mind/rational thinking, to calm her down)
https://www.elitetrader.com/et/threads/uk-teen-19-suicide-due-cv-fears.342329/
Part of the life. Some, biologically, has just not enough of dopamine receptors (whatever it is that produces it), so from the moment that they're born, they're basically ,,doomed'' to be always slightly sad.
Simply put, some will experience happiness at 10/10
and some will be sealed to 7/10 (at the best case scenario)
From which comes slightly suicidal thoughts that evolve into the darkest depression.
My best friend's girl suicided recently , 27 y/o, beautiful woman. Nothing helped.
Saddest part, family and he, kinda saw it coming for a year.
Sad. But, one can only accept the reality as it is.
Think I'd contemplate suicide if I got dumped by here, which I've never done once in my life, but damn and somebody dumped her, thought they could do better, crazy world!!
If the kid actually shared his problem and this was indeed because of the unlimited leverage loophole at RH then he could have successfully defended his case in court by alleging negligence on RH's part and unfamiliarity with margin on his part. At most he would have to pay back just the amount he deposited.
Really no need to.
In the US, declares bankrupt, Chapter 7. After 7 years he starts over as new, no need to pay back unless he owes student loans and USG, no jail time like back in the dark ages.
So entirely his own fault, kids just need to brought up tougher, mates kid thinks my generation ( near 50 ) was aweful and loads of suicides because of the bullying bla bla bla, but I don't know 1 person who's commited suicide my age group, know of loads there age group, our less sensitive way was just better.
Covid will turn most kids into Germophobes and afraid to touch anything or talk to anyone, there already going that way anyway.
Looks like this kid might’ve not even lost any money. He believed to be -$700K negative due to a glitch - being assigned shares on half of a spread...
https://www.dailymail.co.uk/news/ar...ide-Robinhood-glitch-showed-massive-debt.html
https://www.dailymail.co.uk/news/ar...ide-Robinhood-glitch-showed-massive-debt.html