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In Reddit Rally Aftermath, Spotlight Is On Gamification Of Stock Trading

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In Reddit Rally Aftermath, Spotlight Is On Gamification Of Stock Trading

Photo:  Kidsada Manchinda / Alamy Stock Photo. Article by PYMNTS. PYMNTS.com – February 3, 2021.

The last few weeks, the stock market has seemed like a casino, indeed: You pays your money, you takes your pick. And like a casino, more people go home unhappy than there are winners laughing on their way to the proverbial bank.

Technology plays no small role here, where the availability of trading platforms like Robinhood open up investing to a broader audience. But the downside of opening the gates wide — without context — is that we’re seeing less in the way of financial education, where communities form online to thoughtfully communicate about, value and debate the merits of various holdings, strategies and potential assets and equities worthy of consideration.

The vagaries and volatility of GameStop, Dogecoin and other holdings are well-documented. The trend is toward the “gamification” of financial services – in this case, investing – that devolved into an “us vs. them” mentality that eschews financial education and real-world experience for the thrill of battling hedge funds. […]

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