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I disagree with the premise of the article, since it takes the POV of an experiences trader, but that isn’t necessarily the whole story. The alternative for a l

I disagree with the premise of the article, since it takes the POV of an experiences trader, but that isn’t necessarily the whole story. The alternative for a lot of Robinhood traders wasn’t / isn’t trading on e trade or another platform, it’s not investing at all. If the market is going to be growing, which is the assumption of any economic theory, it should follow that people want to get money into the market in order to grow their wealth. Options are unlikely to convey on any platform, but stock ownership and investment is unquestionably a good thing, when compared to money sitting in a bank account.

JumpCrisscross 6y ago
> stock ownership and investment is unquestionably a good thing, when compared to money sitting in a bank account Agreed. But cash in a day trading account at the hands of an inexperienced trader has a lower expected return than that bank account. Particularly if they’re trading options. The net effect of Robinhood is we’re training a generation of investors with self-destructive habits. It’s possible to use Robinhood responsively. But its UX is antagonistic to that use pattern.
- GlennS 6y ago
  > The net effect of Robinhood is we’re training a generation of investors with self-destructive habits. When they lose a lot of money for the first time, won't they unlearn this training?
  - Traster 6y ago
    I think it's unlikely people lose all their money trading on RH and take the lesson "Better trade more responsibly next time", more likely the lesson is either "Next time I've got to be more aggressive" or "I'm never putting money in the stock market again".