Maybe other risky places should have more warning signs, so that an optimistic 20-yo would have to stop and think before acting.
Maybe other risky places should have more warning signs, so that an optimistic 20-yo would have to stop and think before acting.
I think this is the basis for the accusation of tone-deafness.
Power tools have safety feature; the leverage tool should, too. AFAIK Robinhood won't allow you to make a naked call, you have to show that you have enough to pay. Either their safety feature failed (very bad, needs fixing and constant checking), or the poor trader used something else as a collateral, and that could be an important part of the tragic outcome.
if robinhood is willing to take on the risk of a counterparty bankruptcy, i don't see why not. Robinhood is on the hook for lending the margin, not the boy.
It’s tragic that the 20yo died, many sites warn that trading is risky. What they shouldn’t allow is to trade with more money than you can prove to possess.