The Redditors of WallStreetBets should maybe take a look at the 1990s before piling into their next trade. The GameStop saga has shed a light on the growing individual investing trend, brought about by commission-free trading, gamified apps, and a lot of down time during the pandemic. But like so many trends, this isn’t new: Day trading was super popular in the 1990s, when people were also looking on chat boards for stock tips and making speculative bets. Recode’s Peter Kafka puts the current day trading craze into context.

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