Rookie Trader Racked Up $700K In Debt

Discussion in 'Wall St. News' started by ironchef, Jun 14, 2020.

  1. ironchef

    ironchef

    They obviously found a way. You just have to search harder.
     
    #41     Jun 15, 2020
  2. ironchef

    ironchef

    The sad part is the second half of the title of the original article:
    :(
     
    #42     Jun 15, 2020
    Laissez Faire likes this.
  3. southall

    southall

    I can only guess but mostly likely this guy was already depressed or had other issues. This would have been the final straw. Although given the size of the loss it is more like a giant haystack than a straw.
     
    #43     Jun 15, 2020
  4. Turveyd

    Turveyd

    No regulated place would let anyone get into 700K of debt, I think Bucket shops only relate to Forex / Spot trading so there a Options Bucket shop to get around those laws no doubt.

    No idea, just speculating, never looked into them.
     
    #44     Jun 15, 2020
  5. Turveyd

    Turveyd

    His choice, nobody forced him into that, cowards way out to me.
     
    #45     Jun 15, 2020
  6. That's such an antiquated and un-informed view of suicide. Please.
     
    #46     Jun 15, 2020
    Relentless, d08 and ironchef like this.
  7. ironchef

    ironchef

    Any system, company or individual that allows a rookie to lose that much needs to face some consequences.

    It is like someone hands a 5 year old a loaded pistol and tells the kid to tries it out, pull the trigger.
     
    #47     Jun 15, 2020
    Laissez Faire, dealmaker and Nobert like this.
  8. Turveyd

    Turveyd

    He was 20 ?? therefore Adult, therefore his fault, personal responsibility, nobody made him lose 700K and nobody forced him into suicide, he could of just want bankrupt, bring kids up tougher so they don't melt and take the suicide route.
     
    #48     Jun 15, 2020
  9. zdreg

    zdreg

    As the old saying goes:
    Owe the bank 100k the bank owns you.
    Owe the the bank 1 billion dollars you own the bank.

    Why kill your self?
    Start a blog with your adventure and become an American folk hero.:)

    Why did he kill himself? Robin Hood could threaten him with jail or ruin his reputation. Actually Robin Hood should have hired him

    There is more to this story. Can someone fill in the details?
     
    #49     Jun 15, 2020
  10. Turveyd

    Turveyd

    Why ?? Youth of today are brought up the world is perfect and they always win and have no ability to cope with the real world.

    My 23year old girl has tried to commit suicide loads of times, many of her mates have succeeded ( I didn't bring her up, wasn't aware till 18, not my fault ), my 11 year old boy, would just improvise adapt and over come brought up tough.
     
    #50     Jun 15, 2020