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The rapid rise in popularity of algorithmic trading among everyday coders, the massive growth of /r/wallstreetbets, and the popularity of Quantopian tells me on
by meritt 10y ago
The rapid rise in popularity of algorithmic trading among everyday coders, the massive growth of /r/wallstreetbets, and the popularity of Quantopian tells me one thing: Go long on retail brokers (AMTD, ETFC, IBKR)
- rdtsc 10y agoThat was my first thought. If I had the resources, I'd built up that subreddit. Youtube videos. HN posts. Some trading libraries on Github. Some forums. Promotional deals to start out. Previously there were other pyramid schemes, penny stocks, FX trading forums and so on. As those went out of fashion there is a new cohort of young people with great imagination who think they can beat the stock market. Some surely see a great potential there ready to exploit. They'd be silly not to. Or to put it more obviously when everyone goes digging for goal, don't follow them, but start selling shovels. Then maybe take some profits and put some ads out in the saloons with stories about awesome finds of massive amounts of gold.
- pfarnsworth 10y agoMassive growth of wallstreetbets? Come on, I've been subscribed to that subreddit since the beginning and it's largely a joke.
- meritt 10y agoIt's absolutely a joke but that doesn't mean it's not causing a lot of people to trade options