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So why don't we say the same about trading gold, currencies or stocks? Curing addiction of stocks, gold or currencies sounds as stupid as curing addiction of b

• brianwawok 5y ago
  I see no difference in day trading stocks, bitcoin, or forex. If you buy with the intent to "beat the market" and hold for less than a month-year, I see it as the same as going to the casino and playing a slot machine. There are people sophisticated enough to have an edge in stock trading. Same for being a professional poker player. But this is a very very small % of the market.
  • mateuszf 5y ago
    I also see no difference. What I meant is that the "trading" part is the problem, not a specific asset.
• pjc50 5y ago
  I'm old enough to remember the 2000-era of day traders, just as the internet took off and it was possible to enjoy the thrill of staring at a ticker from your own home. There was enough chaos that a minimum stake rule was made; https://www.finra.org/investors/learn-to-invest/advanced-investing/day-trading-margin-requirements-know-rules https://www.finra.org/investors/learn-to-invest/advanced-inv... And the seminal paper on the subject: http://www.econ.yale.edu/~shiller/behfin/2004-04-10/barber-lee-liu-odean.pdf http://www.econ.yale.edu/~shiller/behfin/2004-04-10/barber-l... 8/10 day traders in their survey lost money. But there were a few that made returns that not only beat the market but the transaction costs. (I wonder how that's affected by fee-less trading, which instead tends to make money on PFOF and may have larger spreads)