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61,007.30 -577.94 (-0.94%) CMC Crypto 200
1,265.17 -18.62 (-1.45%)
GME Jul 2024 20.500 put
- Yahoo Finance
Trading GameStop stock is like gambling, warns trader with more than 40 years of experience
GameStop is just not a sound investment or trade, experts tell Yahoo Finance.
- Yahoo Finance Video
Legendary trader warns investing is 'not a get rich quick scheme'
With meme stock investing back in action for GameStop (GME), legendary trader Peter Tuchman wants new investors to focus on long-term trading over a gambling mentality. On Opening Bid with Yahoo Finance Executive Editor Brian Sozzi, Tuchman made the analogy, “If I wanted to be a pilot, I wouldn’t got to Teterboro [Airport], grab a set of keys, and say to the guy ‘I’m gonna go fly, see you later!” Those of us that frequently fly are grateful for pilots that take the time to learn, as the market will also be grateful to future investors for their efforts. For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform.
- Yahoo Finance
While Nvidia stock captivates the investing masses, don't forget this other exciting thing about the market
More people involved in the stock market is a good thing, explained veteran NYSE floor trader Peter Tuchman in a new episode of the Opening Bid podcast.
