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The House Always Wins: Why Day Trading Is Closer To Gambling Than Investing

The House Always Wins: Why Day Trading Is Closer To Gambling Than Investing

by Stoffel | May 21, 2026 | Speculation

In June 2020, a 20-year-old student named Alex Kearns logged into his Robinhood account and saw a balance of negative $730,165. He had been trading options – complex instruments he did not fully understand – and the figure on the screen, which turned out to be a...
Do You Gamble? The Fine Line Between Investing and Speculation

Do You Gamble? The Fine Line Between Investing and Speculation

by Stoffel | Oct 15, 2024 | Biases, Decision Making, Speculation

Many people lost lots of money in the past “investing” too much of their money into perceived lucrative opportunities. Think Gamestop. During the GameStop short squeeze in early 2021, many retail investors rushed to buy GME shares as the stock price soared due to the...
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