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17min chapter
How Retail Traders Lose Big While Enriching Wall Street
Money For the Rest of Us
The Rise of Stock Market Gambling Among Retail Traders
This chapter explores the growth of sports betting and stock market gambling, emphasizing the distinction between investing, speculating, and gambling. It sheds light on the adverse expected return in stock market gambling caused by indirect trading costs, unethical strategies from trading academies, and the struggles faced by individual day traders.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode