I am sure someone will come here and say they have made their fortune from day trading, but every single person I know personally who has tried has lost a fortune. It is like lotto - sure someone wins each week, but nearly everybody loses.
Well, I don't make a fortune from it, but after losing a fair amount of money day trading, I wrote an iOS app where people can practice their day trading. The income from it has covered my losses from trading. So, yeah I can say I make some thing from day trading!
Do you see what the parent's point is? You may not be one of the people making money directly from day trading itself, but you are an outlier, in that you used your experience to create a product. Which is something that only you did.
I do think its a smart idea though. My comment was directed more at the appropriateness of the parents' observation.
Yes this is totally true. I am not much of a gambler (outside of my investments, but at least I can lie to myself here that I know what I am doing), but I was stuck on my last visit to a casino how nobody was having fun. I saw hundreds of miserable people losing masses of money and not a single smile or laugh.
Depends on the casino and the game. European casinos are very depressing. The Monte Carlo for example should be fun, but it's extremely stuffy. The 'american' style part is a bit more fun.
But, find a cheap casino in Vegas and you can have some fun. Last time I was there, Casino Royale (across the street from the Belagio) had $2 craps with 50x odds. Craps is social to play and $2 is super cheap to learn with.
