Michael Wursthorn
speaker
1,567 appearances
29 recordings
1 series
first heard Jul 2017
last heard Nov 2021
Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.
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Appearances
They're not holding anything long term and flies in the face of sort of the principles that Warren Buffett, Jack Bogle, and other investing titans have encouraged investors to do over the years just for the simple fact that –
Longer term investing tends to show better returns versus investing in and out of stocks on a more frequent basis.
You know, all that said, investors are keenly fixated, though, on sort of the quick money grab that they may be able to take advantage of with the market conditions right now.
And how popular is day trading now?
So there's a few different ways to look at this.
But one of the way there's a really interesting data point that Citadel Securities, it's a market maker and it handles about 40 percent of all market orders on a day to day basis.
But they're seeing that this year so far, retail investors, so that would include day traders and just any other individuals that are trading right now.
They're taking up about 20 percent of overall market activity.
throughout 2020 this year.
That compares to 15% at the end of December 2019 and the historical average of around 10%.
Now on some of the really busy days that the market has seen so far, such as in March, and there's been a number of busy days in April, May, and June, that activity amongst retail investors can actually reach 25%.
And those are numbers that Citadel told me they've never seen before.
What's the appeal?
So the sort of the foundation for this has been laid over the last several years.
The most crucial thing that several people have pointed to, including the investors that are doing this themselves, is that trading is free for the most part now.
You can buy and sell a stock and not pay a commission at places like Charles Schwab, E-Trade, TD Ameritrade, and of course some of the newer apps that actually started this, Robinhood in this instance.
So that alone, the fact that there's
The cost of entry into this is zero.
That you can just buy and sell stock and whatever you gain, you gain.
And whatever you lose, you lose.
Showing 321–340 of 1,567 · page 17 of 79
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