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>Dobatse was buying and selling stocks on Robinhood. He funded his account with $15,000 in credit card advances - even took out two $30,000 home equity loans to trade the most speculative stocks and options, with hopes to pay off his debts. At one point earlier this year, his account had $1 million - now in freefall, the account is worth $6,956, reported The New York Times.

Relevant https://www.youtube.com/watch?v=vCktbM5Uqk4

>>Dobatse was buying and selling stocks on Robinhood. He funded his account with $15,000 in credit card advances - even took out two $30,000 home equity loans to trade the most speculative stocks and options, with hopes to pay off his debts. At one point earlier this year, his account had $1 million - now in freefall, the account is worth $6,956, reported The New York Times. Relevant https://www.youtube.com/watch?v=vCktbM5Uqk4

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He was over leveraged and didn't have ample cash reserves to increase positions when the market dropped. '

I lost a bunch of money in March, but I've done even better on the upswing. Just depends how much leverage you leave yourself to work with.

Taking out loans like that is crazy. /r/wallstreet bets....lol.