Comment on Robinhood admits it’s just a gambling app.
msage@programming.dev 10 months ago90% of users lost money while trading
the end result is very much the same
Comment on Robinhood admits it’s just a gambling app.
msage@programming.dev 10 months ago90% of users lost money while trading
the end result is very much the same
Rai@lemmy.dbzer0.com 10 months ago
Damn, I’m up over 100% since I downloaded it seven years ago. Thank you, ETFs and tech companies I dig!
msage@programming.dev 10 months ago
Nice story, bro.
I’m also up, more years, not Robinhood.
Then you glance over to Wallstreet Bets, they are the direct opposite on the curve.
Yet still almost everyone loses money on exchanges, for various reasons which I don’t want to spend time writing up.
But market has been irrational for many years, with no signals of slowing down.
Gigasser@lemmy.world 10 months ago
I mean, I feel most people who lost money were doing “options trading”, basically full on gambling/speculation. If you had put that money in an s&p500 index fund, chances of losing money are slim.
msage@programming.dev 10 months ago
Thats… what Robinhood doesn’t advertise, and (at least used to) always buys options by default.
So fuck Robinhood.
Where is the app that has only one button ‘Buy ESG’?
Verat@sh.itjust.works 10 months ago
Same, looks like I’m not part of that 90% either. Image Image
Rai@lemmy.dbzer0.com 10 months ago
Heady!