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There's nothing nonsense about it. These big firms have billions on the line and are interested in protecting it. WSB is a comedy outlet where active posters ar
by seabird 6y ago
There's nothing nonsense about it. These big firms have billions on the line and are interested in protecting it. WSB is a comedy outlet where active posters are at least in the high end of hobbyist traders, and they realized that some very greedy short selling left an opening for a decent buck. The vast majority of Robinhood's userbase couldn't even come close to explaining to you the mechanism through which this happened, let alone know when it's happening elsewhere and how to enter and exit. Nobody there has any delusions that they would be able to take on a large firm if the large firm was able to hit back.
Markets and the choices you make them in can be incredibly complex. Most people don't have the time and drive to deal with that, no matter how much you "democratize" the technology.
- ThisIsTheWay 6y ago> Markets and the choices you make them in can be incredibly complex. Most people don't have the time and drive to deal with that, no matter how much you "democratize" the technology. Fully agreed here. My point wasn't to say that people are taking on Wall St. and getting rich quick by developing a deep understanding the mechanizations of the market. But you don't have to understand a gamma squeeze to make money. In the past, brokers were a luxury only the wealthy could afford, and I think it's a great thing that that is no longer the case.