Comic: Davey ‘Day Trader’ Portnoy Leads An Army Of New Retail Traders Into Stocks
DTTG GLOBAL MEMO - I know what the Suits are doing. I expect days like today. They want to scare us. They have been predicting this day everyday for 3 months straight. They want to scare you so you sell and then they can buy low. Don’t fall for it. #stocksonlygoup
Portnoy also has a willing army of compatriots diving into stocks - bored sports bettors.
The trading platform Robinhood added three million new accounts in the first four months of this year. Half of their new customers said they were first-time investors.
Billionaire Leon Cooperman recently warned that the rise in Robinhood trading will "end in tears" as according to him many of these day-traders are unaware of the risks.
But Portnoy, who has already poked fun at the likes of veteran investors such as Warren Buffett and Howard Marks, dismissed those comments.
https://www.investing.com/news/economy/comic-davey-day-trader-portnoy-leads-an-army-of-new-retail-traders-into-stocks-2214152
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Comic: Davey ‘Day Trader’ Portnoy Leads An Army Of New Retail Traders Into Stocks
DTTG GLOBAL MEMO - I know what the Suits are doing. I expect days like today. They want to scare us. They have been predicting this day everyday for 3 months straight. They want to scare you so you sell and then they can buy low. Don’t fall for it. #stocksonlygoup
Portnoy also has a willing army of compatriots diving into stocks - bored sports bettors.
The trading platform Robinhood added three million new accounts in the first four months of this year. Half of their new customers said they were first-time investors.
Billionaire Leon Cooperman recently warned that the rise in Robinhood trading will "end in tears" as according to him many of these day-traders are unaware of the risks.
But Portnoy, who has already poked fun at the likes of veteran investors such as Warren Buffett and Howard Marks, dismissed those comments.
https://www.investing.com/news/economy/comic-davey-day-trader-portnoy-leads-an-army-of-new-retail-traders-into-stocks-2214152