Kevin O’Leary: ‘Day trading isn’t investing. It’s gambling’ invest like Warren Buffett instead

Kevin O’Leary: ‘Day trading isn’t investing. It’s gambling’ invest like Warren Buffett instead

Throughout the pandemic, day trading has become extremely popular, especially among young people who, in most cases, have never invested in the stock market before.Coronavirus-induced lockdowns provided some with more time on their hands to try trading apps, like Robinhood, which are seeing a surge in business; millions of Americans are unemployed and may think it is a way to make up for lost income; and a lack of sports-betting or access to casinos have driven gamblers to explore the day trading trend, to name a few reasons.But many experts warn that day trading can end badly – investors, including O'Shares ETFs Chairman Kevin O'Leary, have compared day trading to gambling."Day trading is not investing. Day trading is gambling. Nothing wrong with it. Nothing wrong with Las Vegas either. But it's not investing," O'Leary tells CNBC Make It.And Barbara Roper, director of investor protection at the Consumer Federation of America, recently told CNBC about day trading that "losses are particularly likely in an economy that is as rife with unprecedented and unpredictable risks of the kind we face in a global pandemic that has decimated certain industries."The difference between day trading and investing, according to O'Leary, is that investing is "putting