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I don't think the inviting was where it went wrong, but in having a criminally bad UX that deceives those same naive users. Like executing your purchase as a m
by SilasX 6y ago
I don't think the inviting was where it went wrong, but in having a criminally bad UX that deceives those same naive users. Like executing your purchase as a margin buy without making clear it is a margin buy that can be sold out from under you:
https://news.ycombinator.com/item?id=25962906 https://news.ycombinator.com/item?id=25962906
Or the suicide from the kid who didn't understand his position wasn't actually extremely negative.
- Dma54rhs 6y agoThe unfortunate story with the kid was RH showing him (temporary) correct information. In any case it always comes back to argument if general public is suitable to participate in the market which in turn brings in more legislation to keep retail market far away from Wall Street.
- SilasX 6y agoIf his position was not substantively very negative, then it was not correct to represent position as very negative. (Even if he was waiting for an asset to settle, that has a positive value that should have canceled out any negative.) The fact that it's "normal convention" to represent positions this way is a problem with the convention, not with retail investors.