4 ms·
There are plenty of ways to learn the market without spending money as a day trader on Robinhood. Most financial events are cyclical. Trading really hasn’t cha
by almost_usual 9y ago
There are plenty of ways to learn the market without spending money as a day trader on Robinhood.
Most financial events are cyclical. Trading really hasn’t changed much since the late 17th century so reading a history book on financial speculation and market cycles would teach you plenty.
Another alternative is simulating trades without allocating real liquid to it. Watch how those assets evolve over time.
- ouid 9y agoit's improper to be glib on HN, but did you really just call it "spending"? Regardless, there's a lot to be said for putting actual money down on your beliefs, it has a non-negligible impact on the learning process.
- almost_usual 9y agoIf the goal is attaining wealth then “wasting money” is probably a more accurate statement. How someone decides to use their money is up to them. If emotional reinforcement helps them remember something then I suppose day trading is an option. I’m only suggesting there are frugal ways to learn if your ultimate goal is to build wealth.
- ouid 9y agoIf you are no more likely to lose money day trading than you are to make money, then it's not wasting money.