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My son and nephew were talking about getting in on the Gamestop or similar stocks. I gave them my favorite two pieces of advice for the stock market:

1. Never ever invest any money you cannot afford to lose. The only way to make money in stocks is for someone else to lose and there is no guarantee which side of that coin you will be on.

2. When someone is deliberately trying to run up the stock price for any reason, stay out of it. The stock trading price is based on market demand. It goes up while that person is buying but crashes quickly when he changes to selling. Since you do not know when that will be, you are very likely to get caught in the crash and lose money.

I do not know about my nephew, but my son actually got saved by Robinhood's freeze. He moved about $500 that he could afford to lose (he did listen to that part before apparently) and they put a hold on new accounts that opened during this. He could not buy anything at all until yesterday.