From Morningstar: 2024-09-18 04:17:00

A widely shared chart comparing casino gambling to day trading claims gamblers have better profit chances. However, the chart is misleading. The casino data is from a 2013 Wall Street Journal article, while day-trading info is from a 2013 paper. The inconsistent comparison highlights misaligned standards and outdated research from Taiwan, marring the accuracy. Transaction costs in Taiwan during 1990s were high compared to modern US trading conditions, impacting the research’s relevance. The article serves as a caution against misleading comparisons and the pitfalls of day trading as a form of gambling.



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