20yr loses 700k on Robinhood options, takes life

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this is scary how quick you can get into trouble with margin. is there anywhere on RH where you can see how much margin you currently have used/owe? Just tried to check and do not see anything besides opening up prior months account statement.

nodirection12

At 20 years old with no assets he probably could have declared bankruptcy and started over. 7 years to get it off his credit report and the rest of his life ahead of him. Sad story 🙁 I actually have seen a bunch of people posting huge negative RobinHood balances over at /r/wallstreetbets and as mentioned by another poster here, apparently it’s a bug/issue with their interface that can cause that to happen overnight and the negative numbers disappear the next day when the rest of the option leg(s) is exercised.

Snowie_mays

Guys any amount of money lost is not worth taking your life. It’s just money pieces of fuckin paper comes and goes yea. God dam I’m really sorry for your lost. What really matters is health, family, friends, life… Don’t commit suicide guys.

aznology

Owing Robinhood 700k kinda sounds more like their problem than his.

ZamsTheTank

A lawyer would’ve solve that problem easily. At large enough $ its more of their problems than yours

bighand1