Last Updated on December 24, 2022
Gamestonk Terminal is a peculiar name for an investment research tool. But just like the metaphorical phrase “Don’t judge a book by its cover”, don’t judge a program by its name.
UPDATE April 2022: The project is now called OpenBB Terminal.
Gamestonk Terminal is an excellent tool for making smart investment decisions. It pulls information from a wide range of sources and applies data science and machine learning technologies. Its charting functionality needs considerable refinement though in some areas.
If you’re thinking of using Gamestonk Terminal to help make you money from day trading, we urge extreme caution. Day trading is a form of investing in which you buy and sell a financial instrument within the same trading day. This type of investment (read speculation) relies on daily momentum and price fluctuations in the market to make a quick short term “profit”. In reality, day trading is a form of gambling. Most people who engage in day trading lose money.
Serious investing involves broad diversification, rebalancing, active tax management, avoiding market timing, staying the course, and the use of investment instruments such as ETFs and OEICs. A tool like Gamestonk Terminal may be useful for serious investing; just don’t try using it for day trading.