People I know sold out and sitting on cash and scared. Called me for advice, bought MSFT and AAPL got gain, but some small portion. Not such novice activity as I know.
We have this saying in our country : ,,The fools, will be beaten, even in the church'' Back to op post, damn, that's about 14 999 000 new members for the 90/90/90 club. Yup, that's the thing to do, whenever new virus strikes, long bio, toilet paper & brokers
I've looked more into it after Mr. Muppet posted some charts... I found that the DARTs has been rising since late 2019...a few months before the Pandemic and then there's been a decline since the Pandemic. For example, Interactive Brokerage is down -12 % in April following record gains in March and they point the finger at Covid-19 for their decline. Yet, they go on to say a year to year comparison for the month of April (as in April 2020 versus April 2019)...April 2020 was still 27% higher. The question now is why were they dramatically rising for a few months prior to the Pandemic ??? wrbtrader
That is interesting ; get those unemployed to be day traders. but most day traders can't make it. so they will become even more unemployed.
Folks, if you are sitting home and have nothing to do. First at all if you have in your opinion extra money, think double is that really money you want to donate greedy institutions and hedges. It’s not easy to make money especially in bear market for novice. Much easier to lose it instantly. First you have to learn how to do. Secondary, you have to practice, this may take years till you can make some money. Stay away from it, don’t put your money at risk. Economy will recover and you will be back to business. Do not trust you money “professional “ brokers scammers.
I only can say there are to many market moving unknown factors, therefore you can not predict the future.