“It’s impossible to participate in markets dominated by large institutional investors on both sides of almost every trade in a way that punishes the financial industry. Waging war against Big Finance by becoming a day trader is like waging war against the casino industry by becoming a gambling addict. Even if you’re winning, you’re still participating in a broader casino economy—buying drinks, eating dinner, throwing chips to dealers, filling out tables—that, over time, guarantees that the house keeps winning.” Derek Thompson in The Atlantic: The GameStop Story You Think You Know Is Wrong.

+ WaPo: As GameStop stock crumbles, newbie traders reckon with heavy losses. (Don’t worry, you get used to it after a while…)