Poll: Do you trade while drunk?

Discussion in 'The Cocktail Lounge' started by emmett kelly, Aug 19, 2021.

?

Do you trade while drunk?

  1. yes

    2 vote(s)
    14.3%
  2. no

    8 vote(s)
    57.1%
  3. only weed

    2 vote(s)
    14.3%
  4. go scoop some poop, clown

    2 vote(s)
    14.3%
  1. emmett kelly

    emmett kelly Well-Known Member

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    this must be an east coast thing. way too early to be drunk out here on the left coast. unless, we're talking after hours.

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    More than half of Gen Z investors admit to trading while drunk -- but only 9% of baby boomers
    3:18 pm ET August 19, 2021 (MarketWatch)

    By Weston Blasi

    According to a new survey, 59% of Gen Z traders claim to have bought or sold an investment while inebriated

    Should you have to pass a breathalyzer to make trades on Robinhood or Charles Schwab (SCHW)?

    According to a new survey from consumer finance website MagnifyMoney (https://www.magnifymoney.com/blog/news/emotional-investing-survey/#EmotionalMethodology), 32% of U.S. investors say they have made trades while drunk. Gen Zers fell into the trap most of any generation with 59% confessing to drunk-trading -- just 9% of baby boomers admitted to drunk trading.

    This can be combined with the rise in "emotionally charged" investing that traders say they would later regret. Per the survey, 66% of Americans admit to making these impulsive investing decisions.

    The survey gathered data from 1,116 U.S. consumers in June 2021, and broke down their habits by generation.
     
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  2. TomB16

    TomB16 Well-Known Member

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    Epic thread idea, Emmett.

    Next week, I am going to do an 8 ball and try my hand at HFT.
     
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  3. Syynik

    Syynik Well-Known Member

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    :rofl::rofl:

    "WhAt cOuLd PoSsIbLy gO WrOng?"
     
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  4. Syynik

    Syynik Well-Known Member

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    I've never traded while drunk, however, I do have some very questionable Ebay purchases in my possession...:oops:
     
  5. TomB16

    TomB16 Well-Known Member

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    This thread does a good job of illustrating different views on equity trading and ownership.

    For some people, it's a form of gambling. They may enjoy a few drinks while they trade, the way they might want to drink at a casino.

    Other people take it very seriously. They are highly engaged.

    There is also a third category. I used to be extremely engaged. Now I am lightly engaged. I log into my accounts perhaps twice per month but I've been out of town for 60 days without logging in and it didn't cause any heartburn.
     
    #5 TomB16, Aug 22, 2021
    Last edited: Aug 23, 2021
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  6. TomB16

    TomB16 Well-Known Member

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    Did the losses stop when you traded sober?
     
  7. rg7803

    rg7803 Well-Known Member

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    Where is the option allways?
     
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  8. emmett kelly

    emmett kelly Well-Known Member

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    now it all makes sense. the european traders are the drunkards. :popcorn:
     
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  9. Bridget Mallory

    Bridget Mallory Active Member

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    definitely trabe sober
     
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  10. renegadelook

    renegadelook Member

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    Trading and drinking do not mix
     
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  11. jjstroud

    jjstroud New Member

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    I would never. I barely even listen to music when trading because I fear it would distract me, what is left for any substance that would impair my judgement.
     
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  12. TomB16

    TomB16 Well-Known Member

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    JJ, how many trades to you execute per day to require this level of focus?
     
  13. jjstroud

    jjstroud New Member

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    Ha, rarely more than once or twice. That said, I generally dislike drinking (for myself, that is) so it's not exactly a chore.
     
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  14. sarahdurden

    sarahdurden New Member

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    Not drunk, but I accidentally bought some Tesla shares whilst ‘tipsy’ (I rarely drink, so I’m a lightweight these days). I got very lucky that time, but wouldn’t recommend.
     
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