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