3 ms·
perhaps "the house" is the long-term investor ie., day trading is a rigged game: it is a transfer of wealth from those who won't wait to those who will
by mjburgess 6y ago
perhaps "the house" is the long-term investor
ie., day trading is a rigged game: it is a transfer of wealth from those who won't wait to those who will
- chii 6y agoThere's no 'house' in trading - it's like playing poker. You're competing against other players. The "house", if anything, is the transaction brokers/market makers (who always make [a tiny amount of] money performing the transactions).