A bar manager ssaid many youngsters have become more open to investing after Japan's economy saw 30 years of next to no growth.
Gill, who goes by u/DeepF---ingValue on Reddit and Roaring Kitty on YouTube, is being compared to Michael Burry of "The Big Short" by his peers.
Robinhood raised another $US2.4 billion of capital on Monday, days after getting $US1 billion from investors. The now-$US3.4 billion capital raise comes as the trading app aims to meet demands from retail traders buying and selling highly volatile stocks. It’s the company’s largest fund raise since it was founded in […]
VC investor Bill Gurley wants the brokerage practice of payment for order flows banned. “If the SEC/government wants to ‘fix the plumbing’ the number one thing they should do is ban Payment for Order Flow,” Gurley tweeted. Free trading app Public.com is doing just that, according to a Monday blog […]
Robinhood was asked last week for a $US3 billion deposit to cover trading risks on highly-volatile stocks. That is why the brokerage imposed trading restrictions last week, CEO Vlad Tenev told Elon Musk. After Robinhood limited retail trading, the clearing agency cut down that figure to $US700 million. Sign up […]
Reddit user u/DeepFuckingValue is a leading figure in Wall Street Bets’ clash with short-sellers. The value investor, who loves cat memes and reaction GIFs, claimed to have turned a $US54,000 bet on GameStop into a $US48 million fortune. Ten of his Wall Street Bets peers shared their views of him […]
The stock market has attracted a lot of new participants amid the COVID-19 pandemic, including retail traders who flocked to $US0 commission trading apps like Robinhood. As Robinhood saw a surge in popularity, so did a third-party website that published data on the number of Robinhood accounts that own a […]
A veteran Wall Street investor says the rise in day trading is a “welcome phenomenon” and has helped decrease market volatility, Bloomberg reported Monday. Larry Peruzzi, director of Mischler Financial Group, said markets are seeing “less irregular trading dips and spikes” following the rise in day-trading. He noted that the […]
There has been a surge in retail trading activity since the COVID-19 stay-at-home orders swept across the nation. The increase in trading activity by retail investors has in part been chalked up to sports bettors speculating on stocks due to the shut down of all professional sports leagues amid the […]
The US Global Jets exchange-traded fund, ticker JETS, notched its 64th day of inflows Tuesday, bringing total assets to more than $US1 billion, according to Bloomberg data. That’s a surge of nearly 3,000% in just three months – in early March, the fund had only $US33 million. The boost has […]
A day trader who bought hundreds of oil futures contracts during its historic price crash last month was told he owed $US9 million after a technology issue prevented his trading platform from displaying negative oil prices. On April 20, Syed Shah, a day trader in Canada, bought 212 futures contracts […]
Barstool Sports founder Dave Portnoy says he’s down about $US647,000 after becoming a day trader to substitute for the lack of sports gambling amid the coronavirus pandemic. Portnoy said he deposited $US3 million into an E-Trade account and live-streams his daily trading activities on Twitter. Portnoy’s net worth ballooned in […]