Re:Robinhood has lured young traders, sometimes with devasta...
by penagwin on Wednesday July 08, 2020 @05:49PM
(#23774602)
Can you not gamble with a credit card in vegas?
It looks like the person in your example was selling a call, which has potentially unlimited losses - that was a rather poor decision on his part. There are much safer methods of making "the same bet".
Gambling is a random game designed to extract money from people. The stock market is a math game that doesn't care if you gain or lose.
Re:Robinhood has lured young traders, sometimes with devasta...
by mBvpDszv on Wednesday July 08, 2020 @06:48PM
(#23775071)
You can not directly use a credit card to gamble in Vegas. You can however get a cash advance at the ATM or the Cashier's Cage for a fee, so indirectly yes.
It looks like the person in your example was selling a call, which has potentially unlimited losses - that was a rather poor decision on his part. There are much safer methods of making "the same bet".
Gambling is a random game designed to extract money from people. The stock market is a math game that doesn't care if you gain or lose.