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You think Wall Street isn’t stacked against you?

• lxgr 6y ago
  For long-term investing? No. Yes, maybe I lose a few basis points to HFT at each buy and sale, and maybe somebody is getting rich off those pennies in aggregate. But that's largely irrelevant to me as a buy-and-hold investor. And yes, it probably means that individuals "trading" on Robinhood lose on average. By definition, not everyone in the market can beat the market, and my empathy here is limited: Not everybody has to be a daytrader.