Gamestop, memestocks, and the revenge of the retail trader

Gamestop, memestocks, and the revenge of the retail trader

3 years ago
Anonymous $K6XgmDN5_o

https://techcrunch.com/2021/01/27/gamestop-memestocks-and-the-revenge-of-the-retail-trader/

Gamestop shares are set to rally 70% this morning when trading starts, and AMC shares opened up 300%, extending a run that has perplexed market observers, irked hedge funds, and generally made crypto’s recent gains appear soft and weak.

Being a retail trader is mostly being a sucker, hoping to best the markets while lacking the infrastructure, access, and information that professionals enjoy. Hell, most professional fund managers that regular folks can invest in fail to beat the market. That’s one reason why index funds and other passive investments that merely track aggregate performance have grown so much in recent years; why pay more to have someone make you less money than simply making the same returns as the S&P 500?