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How Retail Traders Lose Big While Enriching Wall Street

Money For the Rest of Us

CHAPTER

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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