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Well, every hedge fund/market maker has already been aware of this and they're managing far more money than the TikTokers so they move markets a lot more than T
by LewisVerstappen 5y ago
Well, every hedge fund/market maker has already been aware of this and they're managing far more money than the TikTokers so they move markets a lot more than TikTok.
So yeah, I don't think this really changes anything and all this information should already be priced in by the time the majority of TikTokers are trading on it.
I really wish there was some data on the type of returns Robinhood traders are getting (people who trade actively).
I'd definitely wager they're not beating the S&P 500 and they're getting even more screwed by short term capital gains tax rates (since their holding period is probably less than a year).