[lytefm]

> They're exploitable because they're economically desperate.

2.5k € after taxes doesn't really count as economically desperate in Germany, I'd say.

Sure, housing is expensive - especially in Munich - but education and health isn't.

This is another hype-driven mania where some people gamble away their money. This guy could have just as well played roulette and bet 50k on a number.

I wonder if any kind of investor/debitor protection would help in these cases.

How did he get those loans? Why would a bank approve a 1.5k down payment with just 2.8k income after taxes, leaving just 1.3k for rent and food in Munich? Might be OK when buying a flat - but for gambling on the stock market?

Should more verification be required for risky or high volume trades? I just need to check some boxes with "yeah, I know that stuff" and I could trade derivatives + options with leverage.