Robinhood Traders Discovered a Glitch That Gave Them ‘Infinite Leverage’

Re:Robinhood Traders Discovered a Glitch That Gave Them ‘Inf... by MikeHolman on Tuesday November 05, 2019 @02:32PM (#21455785)

An 18 year old isn't getting a mortgage. They probably won't be able to afford a home for the next 7 years anyway. They might have a rough time getting a reasonable car loan and opt to instead buy a used car with cash, but that isn't the end of the world.

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Re:Robinhood Traders Discovered a Glitch That Gave Them ‘Inf... by goobynight on Tuesday November 05, 2019 @03:44PM (#21456471)

Making a high risk play and maybe going bankrupt at 18 might even be a dominant strategy.

I never used credit from 18-25 aside from churning some credit cards.

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Re:Robinhood Traders Discovered a Glitch That Gave Them ‘Inf... by 55555 on Tuesday November 05, 2019 @07:34PM (#21458558)

It sounds to me like this is the dominant strategy for many people who dont use the traditional credit system much and are young and have no assets. You get a 1 in 20 chance of a million dollars and in 19 of 20 cases you go bankrupt. Seems like a extremely +EV deal.

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Re:Robinhood Traders Discovered a Glitch That Gave Them ‘Inf... by ericd on Tuesday November 05, 2019 @03:45PM (#21456485)

Not only not the end of the world, it’s a much more sound financial move :-).

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