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Robinhood is not the first. The whole concept of day trading already "gamified online trading into an addiction", and that started in 1975 and had its peak popu
by bkanber 6y ago
Robinhood is not the first. The whole concept of day trading already "gamified online trading into an addiction", and that started in 1975 and had its peak popularity in the 80s. The author is really just complaining that this gamification is now in app format.
- standardUser 6y agoWas there commission-free trading in the 70's and 80's? And how did you access it? These platforms are about access. No commission and you can trade 24/7 from your phone. I imagine day trading in the 80's was considerably move involved and expensive.
- shmoogy 6y agoDay trading was considerably more expensive a few years ago. It's free/cheap now due to Robinhood. You cannot trade 24/7, there is no access to futures via Robinhood. Definitely turns people into degenerate gamblers though.