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by showerst 4641 days ago
I disagree that just because most people who day trade lose money, that wider access to the markets is a bad idea.

I'd rather have the option to enter a market when the odds are against me than not have that option at all.

2 comments

Well, I'm not sure if the author is saying that the access period is a bad idea, or that availing oneself of it is a bad idea.

I would certainly agree with the latter. As for the former, we already have a lot of ways for people to throw their money away, so why not one more. Literal actual gambling is legal in many places, perhaps even most, so I don't think I could argue against this form of gambling being available too.

Related to this, I do think the question of what should or shouldn't be legal is a bit of a separate question. Of which this data is only one part. (to be transparent, I'm the author of the post)