I think the author is arguing here that the solution to combating institutional gambling via trading is not to allow retail investors to also gamble.
Should someone who has no idea what they're doing be able to leverage themselves up 100X to buy a call/sell option by pressing a few buttons in Robinhood because they read about YOLO stock on Wallstreetbets?
As someone who has lost a lot of money by following the Reddit sentiment on an investment, I think the author's point here is fair.
This is not to say I wasn't an idiot. I was. But at a hard time in my life I needed more money so I gambled big and lost big. I worry other people will fall into the same trap.
Should someone who has no idea what they're doing be able to leverage themselves up 100X to buy a call/sell option by pressing a few buttons in Robinhood because they read about YOLO stock on Wallstreetbets?
As someone who has lost a lot of money by following the Reddit sentiment on an investment, I think the author's point here is fair.
This is not to say I wasn't an idiot. I was. But at a hard time in my life I needed more money so I gambled big and lost big. I worry other people will fall into the same trap.