[alpineman]

Day trading too, and day trading led us down this path. Everyone is a gambler now. All morals are out the window.

On a side note, I find it incredible crypto trading/day trading/meme stock trading etc is not recognised as a bigger societal problem. It is 100% gambling and has the same negative externalities associated with it. But none of the tools gambling companies need to abide by (blocklists, warnings, limits, etc) apply to trading.

[globular-toast]

It's true but it's just revealing what Wall Street et al have been up to for the past several decades. There's this perception that they're all doing Very Important Work(tm), when in fact they're just making up silly rules and playing games with each other, aka gambling.

[bagacrap]

Wall Street is doing price discovery which benefits index investors. They're also lending (e.g. private credit) which benefits economic activity.

Robin Hood options trading is just lighting money on fire under the guise of "investing", which insidiously somehow seems more responsible than gambling on roulette.

[KellyCriterion]

I do not know about daytrading, but trading in the long term works, if you have a (technical/IT) system.

Regarding meme stocks: I do not see how this should work compared to the "real market", as on the real market you have clear signals when it is useful to enter a position (e.g. institutional attention), but on the meme "stock" market lacking those features it is much much harder to make any money - unfortunately, a lot of young people are trying their fortuna