Who gets to be reckless on Wall Street?

Regular investors are piling into the stock market for the rush. Wall Street titans say they’re making a grave mistake, but it’s not so simple.

Jennifer Chang got into investing in 2019, but it was only during the pandemic that she started dealing in options trading, where the risk is higher, but so is the reward.

“With options, you can make money so much faster. So I was then having days where I would make $1,000 a day, and then I made $10,000 in a day,” she said. “And then...