News for hackers. Stuff that matters.

A comment on Transfer Stocks Out of Your Robinhood Account. Parent comment

Re:Transfer Stocks Out of Your Robinhood Account by brewdad on Friday January 29, 2021 @12:05AM (#25954195)
It's zero sum the way a poker table in Vegas is zero sum. Every dollar won is a dollar lost by someone else. Meanwhile, the casino takes their rake.
[ Parent | on HN ]
Re:Transfer Stocks Out of Your Robinhood Account by edgyquant on Friday January 29, 2021 @12:53AM (#25954513)
This isn’t always true though. If I buy an equity for 10$ and sell it to you for 11$ who then sells it for 13$ none of us have lost money. Only panic sells and crashes are zero sum in the way you are imagining.
[ Parent | on HN ]
Re:Transfer Stocks Out of Your Robinhood Account by si1entstill on Friday January 29, 2021 @12:45AM (#25954458)
Eh - the poker table doesn't have a concept of dividends. (A free drink or two not withstanding)
[ Parent | on HN ]