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***Disclaimer***
Before discussing this trading tragedy, I want to make a few things clear…
What happened to this young man is an absolute tragedy. If you or someone you know is in crisis, please get help. Call the National Suicide Prevention Lifeline at 800–273-TALK or text TALK to 741741.
Everything expressed in the article is my own personal opinion.
The conclusion I have reached comes after spending countless hours researching exactly what could have happened.
Trading Tragedy
On June 12th, a young trader named Alex Kearns took his own life.
Why is it believed that Alex took his own life?
In his own words he stated, “he did not understand how a 20-year-old with no income was able to get assigned almost a million dollars worth of leverage.”
Alex was assigned several option contracts and his Robinhood trading account showed a negative balance of $730,165.72
Alex didn’t believe that he would be able to financially recover from such a large…
