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/biz/ - Business & Finance


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30025200 No.30025200[DELETED]  [Reply] [Original]

Why did he do it bros?

>> No.30025393

>>>reddit.com/r/wallstreetbets

>> No.30025475

>>30025200
he did it because he was desperate to escape society. I wish he had made it

>> No.30025480

>>30025200
Go back to r*ddit guh nigger

>> No.30025493

>>30025200
who is this

>> No.30026407

>>30025493
guy who used a leverage glitch on robinhood to lever up $2k into $50k and then bet it all on puts on apple stock right before their earnings call and livestreamed himself watching his portfolio as the report came in
he expected apple would underperform on earnings and the stock price would drop making the value of his put options skyrocket
instead they killed it obliterating the value of his contracts and the livestream captured the exact moment his soul left his body
https://www.youtube.com/watch?v=NpsOmeFy0Lo

>> No.30026568

>>30026407
>betting against apple

>> No.30026664

>>30025200
because he's a fuckign retard lmao

>> No.30026989

>>30026407
What do you even fucking do after that

>> No.30027056

>>30026568
Exactly my thoughts

>> No.30027081

>>30026989
his soul has already left this realm, endlessly wandering

>> No.30027089

>>30026989
Guh

>> No.30027274

>>30027081
>>30027089
For real. By the time my phone started ringing I think my soul would also have escaped my body

>> No.30027319

>>30027274
Assuming $50k is more than this guy has ever seen at one time in his life

>> No.30027363

>>30026989
delete the app and let robinhood eat the losses.

>> No.30027397

>>30027363
Don't they have all your info?

>> No.30027479

>>30027397
Debtors prisons no longer exist anon, the worse they can do is ban you.

>> No.30027487

>>30027319
look at his fucking scowl near the end of the video holy shit he's in hell

>> No.30027669

>>30027319
it wasn't his $50k is the thing, he'd levered up $2k into $50k. so $48k of it was robinhood's money. so when the value of his contracts (which had appreciated to $58k) dropped to $6k, he's now out his $2k plus he owes another $42k to robinhood assuming he can actually sell his contracts for $6k when the market opens

>> No.30027754

>>30026989
im pretty sure robinhood ended up just eating the debt and banned him from ever using them again

>> No.30027759

>>30025200
Cuz reddit is gay

>> No.30027883

>>30027754
kek that was for his own good

>> No.30027904
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30027904

>>30027754
Kek if thats true then good on them. I respect that they ate it up because it was their fault for the glitch

>> No.30028008

>>30027904
Realistically it would be far more expensive to harass this kid for the 50k he owes which he absolutely doesn't have the assets to pay with. They had no choice but to write it off. At worse, if they are lucky, they could tank his credit score.

>> No.30028020

w-what if he bought calls

>> No.30028054

>>30028020
his soul would still leave his body but it'd go straight to heaven to kiss Peter's hand before falling back to his body

>> No.30028164
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30028164

> I repeat this until I am sufficiently leveraged for my Personal Risk Tolerance.

This was one of the funniest quote I have ever read on Reddit Kek. I hate how WSB is basically full of cringey cuck memes but there are so many hilarious loss porn stories mixed in with posts from people who made it.

>> No.30028178

>>30028020
calls where probably not as cheap since most people expected it to go up, so while he would've made good money it wouldn't have been as much as if it had gone down.

>> No.30028530
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30028530

>>30028164
>25x margined leverage on FD options
>personal risk tolerance
gets me too anon