More men are addicted to the ‘crack cocaine’ of the stock market

Apps make it as easy as ordering takeout. (Image: WSJ)

Thu, 26 Dec 2024

A new type of addict is showing up at Gamblers Anonymous meetings across the country: investors hooked on the market’s riskiest trades.At Gamblers Anonymous in the Murray Hill neighbourhood of Manhattan, one man called options “the crack cocaine” of the stock market. Another said he faced hundreds of thousands of dollars in trading losses after borrowing from a loan shark to double down on stocks. And one young man brought his mom and girlfriend to celebrate one year since his last bet.They were among a group of abo...

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