'It's not investing' — Cramer issues a warning to young people daytrading in speculative stocks

CNBC's Jim Cramer on Thursday warned young investors about the potential pitfalls of daytrading in speculative stocks, especially the really cheap ones.

"It's a little disheartening to see all the $1 to $3 stocks that people are gunning," Cramer said on "Squawk on the Street." "If you want to try and make money and it's legal, that's fine. But it's not investing," the "Mad Money" host added.

Yeah, day trade crypto and buy stocks for dividends

Yet he encourages it every single day. Cramer your a complete and utter joke. From telling people to back up the truck and buy Bed Bath & Beyond at $11/share to not speaking or addressing the destruction AMZN is wreaking all over the country. Pathetic!!!

this guy is the biggest bullshitter i have EVER seen in my life - don’t talk about how much of an “investment genius” stoolpresidente is and tout him in front of millions of americans while others sit there making $15/hr wage if they’re still lucky to still have a job.

i'll never forget this guy bragging about day trading the 1995 netscape ipo and making a killing. 😐

Wait till June 30 when all 2 QTR numbers are released, the market will be full of red.

Its gambling and i fucking love it. Turned 8k into 40k thru this volatility. Good thing i didnt listen to these “warnings” from experts

jimbochinger11

He is an idiot, never warned about 2008 crash.

He called me young deintime

Most young people refer to engaging in stocks as 'gambling.' There's no concept of investing unless their parents have their back on car insurance, rent, and food.

What a joker!

Buy more $IGLB LOL

jimcramer I'm 28 and I'm starting to believe there is no such thing as a recession. When shit hits the fan. We just print and bail out. IMO all these businesses that couldn't operate 1 month without sales should fail, new ones should come in and build a better future.

yes cram, it's called scalping

$sfix

FED has their back don't worry.

Cramer's whole investment strategy is the Fed.

Lmao 🤣 Only Jim can take risk + make money in the market. Everyone don’t even try!

Its a rigged game, let 'em roll the dice however they want.

valuebasedinvesting Know Your Way Holdings Edition 1 coming June 7th! Like and DM if interested.

bufon

That’s not the right way to make money!

CC wallstreetbets

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