3 ms·
This is obviously tragic, but there's a reason options have a reputation as risky investments and probably not a great choice for most beginning investors. In
by mmm_grayons 6y ago
This is obviously tragic, but there's a reason options have a reputation as risky investments and probably not a great choice for most beginning investors. In any case, this market is incredibly risky and difficult for most any trader to predict. Most established brokerages have tighter rules around margin trading precisely for this reason, and I wonder how many 700k losses robin hood will eat before implementing similar restrictions. He probably didn't actually owe 700k in any case; I'm guessing it was just some delay or glitch.
- monksy 6y agoSchwab makes this based on levels you're allowed to do it at. Also it has limits based on what you're cleared to cover.