Dot.@feddit.org to Technology@lemmy.worldEnglish · 1 day agoRobinhood admits it’s just a gambling app.www.theverge.comexternal-linkmessage-square75fedilinkarrow-up1513arrow-down113
arrow-up1500arrow-down1external-linkRobinhood admits it’s just a gambling app.www.theverge.comDot.@feddit.org to Technology@lemmy.worldEnglish · 1 day agomessage-square75fedilink
minus-squaremsage@programming.devlinkfedilinkEnglisharrow-up3·14 hours agoNice story, bro. I’m also up, more years, not Robinhood. Then you glance over to Wallstreet Bets, they are the direct opposite on the curve. Yet still almost everyone loses money on exchanges, for various reasons which I don’t want to spend time writing up. But market has been irrational for many years, with no signals of slowing down.
minus-squareGigasser@lemmy.worldlinkfedilinkEnglisharrow-up4·8 hours agoI mean, I feel most people who lost money were doing “options trading”, basically full on gambling/speculation. If you had put that money in an s&p500 index fund, chances of losing money are slim.
Nice story, bro.
I’m also up, more years, not Robinhood.
Then you glance over to Wallstreet Bets, they are the direct opposite on the curve.
Yet still almost everyone loses money on exchanges, for various reasons which I don’t want to spend time writing up.
But market has been irrational for many years, with no signals of slowing down.
I mean, I feel most people who lost money were doing “options trading”, basically full on gambling/speculation. If you had put that money in an s&p500 index fund, chances of losing money are slim.