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by JumpCrisscross 2159 days ago
> I started to blame myself for not taking more risk because on the hindsight, it felt so obvious that the price would go up

This is a gambler’s mindset. That’s fine. I enjoy playing poker with friends, and when I do so, I reinforce those neural pathways with respect to cards.

But I’m risk limited, socially and personally, in that setting. Robinhood is different. There is no social pressure to limit how much money one puts in a trading account. So when the UX pushes one to gamble with thousands of dollars, and to reinforce gambling over investing pathways when it comes to the markets, we end up with a self-destructively trained generation.

That’s troubling. Robinhood can be used responsibly. But even taking most of the comments on HN, it seems to make that difficult.