[morrbo]

How would you propose to regulate it out of interest? As someone who pretty much lives on investment these days (vanilla stocks, no crypto, no options) with no formal training in the area I'm quite keen to hear why I should have to return to the rat race. I wholeheartedly agree that maxing out credit cards to buy stock/crypto (as someone mentioned earlier) should be regulated however, as that just seems like an absolute ticking timebomb

[mihaic]

There are solutions such as regulation for smoking that are incremental -- introduce the concept of a minimal bankroll and minimal accreditation and keep progressively increasing it over the years. The main thing would be an interest in regulating for general population wellbeing, instead of arguing for the rich becoming richer under the pretext of the free market.

I can't blame you for choosing your source of income, it makes sense if you choose what it right for yourself. You are probably a highly talented individual that is leaving the actual value creation to the rest of us though, and one by one people are giving up.

[morrbo]

I get what you're saying, but in my mind with regulation like people are calling for, I wouldn't even have had the chance to make a living like that in the first place. To me, regulation means something like "you need a certification", "you need a degree in x", "you need to be registered as a company in y field" which are all larger barriers to entry into the field than trading fees, the potential of losing money in an unregulated market. I also feel it would do more harm than good to the economy (you're likely talking about the US, I'm from the UK, so can only comment on what I know really)..both in terms of people losing out on returns, and banks, investment firms, etc playing silly buggers behind closed doors