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by JumpCrisscross
2163 days ago
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> stock ownership and investment is unquestionably a good thing, when compared to money sitting in a bank account Agreed. But cash in a day trading account at the hands of an inexperienced trader has a lower expected return than that bank account. Particularly if they’re trading options. The net effect of Robinhood is we’re training a generation of investors with self-destructive habits. It’s possible to use Robinhood responsively. But its UX is antagonistic to that use pattern. |
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When they lose a lot of money for the first time, won't they unlearn this training?