“I am just so excited right now,” blurts a TikTok user going by the name of CryptoBossAndrew. “Alt-coin season has officially begun. It’s up 40pc in the last hour. Woohoohoo!” It is the world’s fastest growing social media platform, rocketing in popularity around the world especially among teenagers and twentysomethings. […]
Traders
Outages at Interactive Brokers, Robinhood Leave Stock Traders Furious
(Bloomberg) — On Friday afternoon, Interactive Brokers bragged on its Twitter account: “Not to brag, but @benzinga named us the Best Trading Technology of 2020 based on our cutting-edge, global trading platforms.” By early Monday morning, however, those platforms were having technical trouble, effectively locking individual investors out of their […]
Day Traders Roiled By Interactive Brokers, Robinhood Outages
(Bloomberg) — On Friday afternoon, Interactive Brokers bragged on its Twitter account: “Not to brag, but @benzinga named us the Best Trading Technology of 2020 based on our cutting-edge, global trading platforms.” By early Monday morning, however, those platforms were having technical trouble, effectively locking individual investors out of their […]
Robinhood Rise Brings Setbacks of Irate Traders, U.S. Probes
(Bloomberg) — Robinhood Markets has catapulted ahead of its online brokerage rivals with a smartphone app that has attracted an army of young investors. Yet with the company’s rise has come a litany of problems: trading outages, angry customers and regulatory probes. Over the first half of the year, U.S. […]
Robinhood’s Rise Brings Dark Side of Irate Traders, U.S. Probes
(Bloomberg) — Robinhood Markets has catapulted ahead of its online brokerage rivals with a smartphone app that has attracted an army of young investors. Yet with the company’s rise has come a litany of problems: trading outages, angry customers and regulatory probes. Over the first half of the year, U.S. […]
As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever
As the coronavirus takes its devastating toll on the U.S. economy, financial pros are increasingly confounded by the markets. The economy is in its worst shape since the early 20th century, and stocks are soaring. The U.S. government’s borrowing is expected to triple to a record $4.5 trillionthis fiscal year, yet 10-year Treasury yields are close to historic […]
Lessons from a Robinhood Trader’s Suicide
As an advocate for young adults prudently beginning their investing journey as soon as possible, I’ve found it difficult to shake this recent story: A young man from Illinois took his own life less than 24 hours after checking his Robinhood account and seeing a negative cash balance of over […]
Amateur Traders Pile Into Asian Stocks, Making Pros Nervous
(Bloomberg) — When the coronavirus pandemic sent shares plunging, you didn’t have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren’t. The can’t-miss rise of equity markets around Asia is fueling the explosion of interest among retail investors in the […]
Amateur Traders Pile Into Asian Stocks, Making the Pros Nervous
(Bloomberg) — When the coronavirus pandemic sent shares plunging, you didn’t have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren’t. The can’t-miss rise of equity markets around Asia is fueling the explosion of interest among retail investors in the […]
Day Traders Will Have Fun Until They Get Wiped Out
(Bloomberg Opinion) — One time when I was sitting in my college dormitory, I heard a whoop of joy from down the hall. My dormmate announced that he had just made $500,000 trading in the stock market, after having invested only a few thousand dollars. When I asked him how […]