Dave Portnoy Says The Day-Trading Revolution Will Slow Down
As casinos begin to open up this month, Dave Portnoy, the founder of Barstool Sports said he is eager to flock back to the sports betting industry, but market players don’t think he will be returning to the same industry that he left before COVID-19 kicked-off.
The sports bettor turned investor turned to day trading and the stock market, in the same way as other bettors have when the novelty coronavirus pandemic brought sporting events to a halt.
Portnoy told Business Insider in an exclusive interview via Zoom last week: “I don’t think COVID-19 will affect sports gambling at all. And I think a lot of people will be in my shoes where they’ll have to go back to work. So, uh, it’s probably a lot harder to be day trading and paying attention to the stock market when you have a normal nine to five job,” he said. Read more…………..
Chart Of The Day
Dave Portnoy – a.k.a Davey Day Trader – has become somewhat of a cult figure within retail traders. With his rules of investing, and slogan “stocks only go up”, it’s not hard to understand why he’s become such a hit with those looking to make a profit.