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A comment on Ask HN: How did your startup change after an exit?. Parent comment

Re:Ask HN: How did your startup change after an exit? by spurdoman77 on Sunday October 13, 2019 @09:35AM (#21240261)
Well I don't like when people tell me what I should do or not. Also when it comes to gambling. And I also see nothing wrong if someone likes to gamble. Better wirh stocks than with something where you are statistically guaranteed to lose money, like lottery.
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Re:Ask HN: How did your startup change after an exit? by ultraluminous on Sunday October 13, 2019 @10:18AM (#21240475)
You are statistically guaranteed to have worse expected value as a retail stock trader than at the blackjack table.
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Re:Ask HN: How did your startup change after an exit? by dd36 on Sunday October 13, 2019 @10:59AM (#21240704)
Huh? You’re highly unlikely to go to zero making trades.
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Re:Ask HN: How did your startup change after an exit? by ultraluminous on Sunday October 13, 2019 @04:56PM (#21242969)
I have no idea what you base this statement on. You are absolutely likely to go to zero by continuously making market trades as a retail investor. Every trade has two sides and the side you're trading against is for the most part significantly better informed than you. That's why Robinhood makes its money by selling their 100% retail order volume.
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Re:Ask HN: How did your startup change after an exit? by mooreds on Sunday October 13, 2019 @09:01PM (#21244447)
Do you have a source for the Robin Hood statement?
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Re:Ask HN: How did your startup change after an exit? by fastball on Sunday October 13, 2019 @09:55PM (#21244680)
https://www.investopedia.com/articles/active-trading/020515/...
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Re:Ask HN: How did your startup change after an exit? by mooreds on Sunday October 13, 2019 @11:05PM (#21244947)
Or https://www.bloomberg.com/news/articles/2018-10-15/robinhood... .
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Re:Ask HN: How did your startup change after an exit? by ceejayoz on Sunday October 13, 2019 @11:11AM (#21240776)
The same is true for Blackjack. The house has a 0.5% edge if played properly, so as long as you're not making bets that are most of your capital, it'll take a long time to go bankrupt.

Meanwhile, trading stocks on margin...

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Re:Ask HN: How did your startup change after an exit? by zannaxy on Sunday October 13, 2019 @11:57AM (#21241061)
Remember: Stocks that don't pay dividends are not an asset, they are a time capsule you hope is bigger by the time you unearth it.
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