We can't have a perfect life, there will be up and downs for sure so all we need to do is accept what life gives to us and tart living a better life with it.
Young trader might used his parents money that is why he don't know how to earn them back which is the mistake of their parent for giving huge responsibility without having any experience.
actually post above you mate explains it all,this same question i put on top but i am wrong i guess,
the only thing that matters to me(in respect to the dead boy) is how did he managed to have that Huge leverage thinking that He is just a student and has no work at all?
im sure there is something behind this thats why he needs to cut off His life in this one.
I will never Let my children invest here what they cannot afford to lose since all their allowances is coming from us until now that they are in college like the Victim.
I think it was how Robinhood portrayed the figures which were "underlying" or behind the scenes. Since I'm on mobile, I can't quote from the article I posted before, but from what I read, they were meant to be negative until the trades on the other end were processed.
So he had high leverage with his 5-figure balance and naturally that gave him some huge purchasing power. For instance, a 100:1 leverage means he gets to control $100,000 worth of stocks with only $1,000.
As I have traded before, brokers usually allow users to set the leverage up to 1000. But by default, we only see the basic readings such as tradeable margin, free margin and balance.
About investing, its not wrong to expose them so they could judge by themselves because its a very good experience (minus the losing). Like how I was curious about trading almost a decade ago and eventually treated it as some part-time activity.
And that is the reason why he has that Huge leverage.
