Saturday, August 23, 2025

Gamblers Resort to Stock Trading as Means of Filling Empty Void

While almost the entire country went into lockdown mode as the government imposed stay-at-home orders, many Americans soon found themselves stuck indoors, with no relevant stimuli to keep their minds occupied. However, those individuals that entertained their thrill via casino and sports gambling before everything got shut down, have now found themselves a new muse that brings their dopamine back to pre-pandemic levels.

As non-essential businesses such as casinos and pro-sports had to put a pause on their services, many Americans that would otherwise spend their free time betting their income away, have resorted to a new form of gambling: day trading. Online brokers such as TD Ameritrade, Charles Schwab, and Etrade have all seen a significant increase in new accounts, predominantly opened by young investors. According to some analysts, this new trend is largely due to the lack of traditional gambling methods such as sports betting and casino gambling during the pandemic, paired with government stimulus checks, and more time to closely watch markets.

Some of the most popular stocks for these new investors have been those that have a relatively low price, but are also very volatile. According to Robintrack, which keeps tabs on the top-trending stocks on Robinhood, Delta Airlines, Aurora Cannabis, GoPro and Carnival have been the most popular among traders the last several months. DataTreck reports that some of these high risk/high yield stocks have had up to a 120% increase in activity.

However, there tends to be more risk than reward when it comes to day trading. Time and time again, day traders have built up a reputation of losing money – even seasoned investors have difficulty predicting what the stock market is going to do. Some of these amateur investors deemed it a good idea to capitalize on vaccination hopes, but were soon met with failed vaccination results – and ultimately a foregone stimulus check. Nonetheless, this new day-trading trend will most likely dissipate once the economy reopens anyway. Millennials will go back to doing whatever it is that they do, and will no longer have a disposable amount of time to watch the markets.

Information for this briefing was found via CNBC and Robintrack. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

 

 

Video Articles

Artemis Q2 Earnings: Strong Start For A New Operator

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Chris Vermeulen: How To Trade Technicals – The Daily Dive

Today on Saturday’s edition of the Daily Dive is that of Chris Vermeulen of TheTechnicalTraders.com....

Saturday, February 6, 2021, 01:30:00 PM

Massachusetts Regulator Files Complaint Against Robinhood, Alleging Manipulation of Inexperienced Investors

It appears that the popular trading app Robinhood is finally in the hot seat, after...

Wednesday, December 16, 2020, 04:51:00 PM

Courts Side With Banks, Reject Class Action Against Unearned Brokerage Fees

Ontario Superior Court Justice Edward Belobaba dismissed an application to certify a class-action lawsuit against...

Thursday, January 26, 2023, 05:26:00 PM

Robinhood Pays $65 Million to Settle SEC Charges Over Misleading Customers About its Revenue Sources

When it rains, it pours! Only a day after a Massachusetts regulator filed a complaint...

Thursday, December 17, 2020, 11:04:38 AM

Seasoned Investors Devising Ways to Take Advantage of Inexperienced Day Traders

It appears that professional investors are taking offence to the erratically irrational behaviour of Robinhood...

Sunday, June 14, 2020, 11:35:00 AM