Cuban’s Advice for Day Traders Who ‘Get Long and Get Loud’
- New investors should do homework on risky trades, Cuban says
- Derivatives, foreign exchange are bigger dangers: Cuban
This article is for subscribers only.
Mark Cuban has one major piece of advice for day traders: Do your homework.
To the billionaire investor, there are more concerning things about the financial markets -- including risks in derivatives and foreign exchange -- than a horde of nascent stock pickers rushing into names such as GameStop Corp. after reading about them on a Reddit message board. While it’s risky, losing money sometimes is part of the game, he said.