Last Updated on December 24, 2022
Summary
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.
Website: openbb-finance.github.io/OpenBBTerminal
Support: GitHub Code Repository
Developer: Didier Rodrigues Lopes
License: MIT License
Gamestonk Terminal is written in Python. Learn Python with our recommended free books and free tutorials.
Pages in this article:
Page 1 – Introduction / Installation
Page 2 – In Operation
Page 3 – Other Features
Page 4 – Summary
Day trading is NOT a form of gambling. Gambling is pure luck play, day trading is a lot about skill. Granted, most people do not have the skill and will lose money, so the warning is spot on. But it is far from gambling.
Putting NOT in capitals doesn’t transform your opinion into a fact. Gambling certainly isn’t simply pure luck.
The difference between investing and gambling isn’t always clear cut. Many eminent investment professionals (such as Warren Buffett) consider day trading a form of gambling.
It really comes down to how gambling is defined.
For example in English law gambling forms part of a wider landscape of activities including financial transactions.
Others argue that the extent to which financial speculation (which includes day trading) is similar to gambling is the extent to which it may have similar addictive and harmful aspects.
Agreed, all depends on the definition.
Did you raise the Docker problem on the GitHub?
I found installing Gamestonk a pain, way too many dependencies.
Bingo. Wow, the number of dependencies is stunning. And many packages of different version numbers are installed multiple times.
This was really helpful, I really appreciate the person who wrote this article. Thank you
Somewhat bamboozled trying to set up the Docker. Might be me as I’m a newbie with Docker.
We’ve written a simple Docker guide which helps you get up-and-running.
GamestonkTerminal is now available as a discord bot, so you can use discord as the interface on both desktop and mobile. Huge leap forward for the Gamestonk Terminal!!
Huge leap backwards given that Discord is proprietary crapware.
for those who cannot manage docker or python installs(or don’t want to), it’s a fantastic option to access the best open source equities analysis platform, easily, quickjly, on desktop or mobile!
That’s a pig in a poke.
The solution should be to make the installation easier. The vast majority of Linux programs are trivial to install, Gamestonk Terminal should focus on that.