from Hacker News

Playing the Game of Infinite Leverage

by pliny on 11/5/19, 5:27 PM with 6 comments

• by H8crilA on 11/5/19, 5:44 PM

  Summary: Robinhood's margin system is completely broken and allows for practically infinite leverage. One guy leveraged up to 1'279'550 USD on a 4'000 USD deposit.

  Current "leaderboard":

  https://www.reddit.com/r/wallstreetbets/comments/drt5tr/guh_...

  And an outbreak of memes on Reddit:

  https://www.reddit.com/r/wallstreetbets/comments/dr4iem/cont...

  https://www.reddit.com/r/wallstreetbets/comments/drxcpw/this...

  https://www.reddit.com/r/wallstreetbets/comments/drsxau/the_...

  https://www.reddit.com/r/wallstreetbets/comments/dr3eki/say_...

  https://www.reddit.com/r/wallstreetbets/comments/dpwa5v/in_l...

  People wondering what is Robinhood even doing:

  https://www.reddit.com/r/wallstreetbets/comments/drmr6y/how_...

  https://www.reddit.com/r/wallstreetbets/comments/drn8gf/this...

  https://www.reddit.com/r/wallstreetbets/comments/dr6gus/robi...

• by alteria on 11/5/19, 6:36 PM

  Other thread about this https://news.ycombinator.com/item?id=21454344

• by throwaway35784 on 11/5/19, 8:27 PM

  This is just a game, right? From what I read,this isn't actual stock, options, or leverage except in namesake.

  Did I miss something?