, 3 tweets, 1 min read Read on Twitter
"Consumer" level trading platforms are primarily used for gambling, where people who don't understand the odds get the downside of trades. Professional traders get the upside. The most recent of these platforms that provides chum for professional traders is called... "Robinhood".
You can use trading platforms like Robinhood to buy and hold VT and BND and so on. But you can also show up as a naive amateur and trade options, with the odds heavily against you. Robinhood wins whether you win or lose, including if you bankrupt yourself.
(Robinhood is a character who steals from the rich and gives to the poor. Robinhood the company provides a platform for naive amateurs to make option trades that they'll lose on in the average case, transferring money to the rich professionals on the other side of those trades.)
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