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by spurdoman77 2435 days ago
Well I don't like when people tell me what I should do or not. Also when it comes to gambling. And I also see nothing wrong if someone likes to gamble. Better wirh stocks than with something where you are statistically guaranteed to lose money, like lottery.
1 comments

You are statistically guaranteed to have worse expected value as a retail stock trader than at the blackjack table.
Huh? You’re highly unlikely to go to zero making trades.
I have no idea what you base this statement on. You are absolutely likely to go to zero by continuously making market trades as a retail investor. Every trade has two sides and the side you're trading against is for the most part significantly better informed than you. That's why Robinhood makes its money by selling their 100% retail order volume.
Do you have a source for the Robin Hood statement?
The same is true for Blackjack. The house has a 0.5% edge if played properly, so as long as you're not making bets that are most of your capital, it'll take a long time to go bankrupt.

Meanwhile, trading stocks on margin...

Remember: Stocks that don't pay dividends are not an asset, they are a time capsule you hope is bigger by the time you unearth it.