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A comment on FINRA Orders Record Financial Penalties Against Robinhood. Parent comment

Re:FINRA Orders Record Financial Penalties Against Robinhood by ClumsyPilot on Monday July 05, 2021 @05:29AM (#27736037)
" If you want to gamble, go to a casino."

Yeah, I wouldnt go that far, daytrading reputable shares is still better than casino

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Re:FINRA Orders Record Financial Penalties Against Robinhood by toomanybeersies on Monday July 05, 2021 @05:53AM (#27736172)
I put day trading in the same category as betting on horse races.

There's punters who make good money on the horses, just like there's investors who make good money day trading, but most casual punts are little better than random guesswork.

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Re:FINRA Orders Record Financial Penalties Against Robinhood by pessimizer on Monday July 05, 2021 @07:14AM (#27736682)
Just to expand on why horse racing is a little different: https://en.wikipedia.org/wiki/Parimutuel_betting
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Re:FINRA Orders Record Financial Penalties Against Robinhood by f2ostie on Monday July 05, 2021 @06:18AM (#27736302)
It really isn't.
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Re:FINRA Orders Record Financial Penalties Against Robinhood by fighterpilot on Monday July 05, 2021 @06:43AM (#27736470)
A single gamble in a liquid stock has an expected cost of 0.2%-1.0% of the notional value, due to crossing the bid-ask spread twice, which is smaller than casino margins.

So it is better in terms of expected costs if we're comparing 1 daytrade gamble with 1 casino gamble.

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