GME Jul 2024 34.000 put

Legendary trader warns investing is 'not a get rich quick scheme'

With meme stock investing back in action for GameStop (GME), legendary trader Peter Tuchman wants new investors to focus on long-term trading over a gambling mentality. On Opening Bid with Yahoo Finance Executive Editor Brian Sozzi, Tuchman made the analogy, “If I wanted to be a pilot, I wouldn’t got to Teterboro [Airport], grab a set of keys, and say to the guy ‘I’m gonna go fly, see you later!” Those of us that frequently fly are grateful for pilots that take the time to learn, as the market will also be grateful to future investors for their efforts.  For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform.