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Stock impact report

Jim Cramer warns against novice day trading, calls zero-day options ‘pure greed' [CNBC]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: CNBC
that described how more investors are developing serious gambling addictions to risky market trading. “We need to help those who're getting addicted, and we need to stop those who might become addicted,” he said. “After all, the markets were created for investing, not day trading on the direction of stocks. There's a big difference between making an informed investment and pure gambling.” CNBC's Jim Cramer on Friday warned novices against day trading, referencing an article from the Wall Street Journal that described how more investors are developing serious gambling addictions to risky market trading. “We need to help those who're getting addicted, and we need to stop those who might become addicted,” he said. “After all, the markets were created for investing, not day trading on the direction of stocks. There's a big difference between making an informed investment and pure gambling.” The Wall Street Journal's Gunjan Banerji chronicled how investors, primarily men, are atten Show less Read more
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