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Which is why so many day traders end up going bankrupt.
Well yeah, so do most of the gamblers, but some miraculously don’t, but we don’t believe that playing rulelts is a skill now. Incidentally, moat of the people who consistently gamble but don’t go bankrupt are people who have more money than it’s possible to lose in one sitting.
Playing stonks follows exactly the same logic.

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Joncash2@lemmy.ml ⁨1⁩ ⁨day⁩ ago
Actually you make a great point. Which is why there’s professional poker, where gamblers can literally make a living. Understanding the difference between being a professional and being able to consistently make money and where to go to do it, is part of the skill I’m talking about. Thanks!

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- Nalivai@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago
  Not understanding the difference between the game of skill and the game of chance is exactly the grasp on reality that I expected from you based on this thread.
  
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  - Joncash2@lemmy.ml ⁨1⁩ ⁨day⁩ ago
    No, you not understanding that games of skill or chance are both gambling. Being able to identify the difference makes you a gambler who can live off his gambling or one who will go broke. Same trick in investing.
    
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    Nalivai@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago
    That’s definitionally not what the word means. But you probably believe that you can predict the streaks in slot machines so I am pretty sure I’m wasting my time here
    
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