Bored, isolated and out of work amid the pandemic, millions of Americans are chasing stock-market glory—and bragging about it online. Not everyone’s a winner though. http://archive.is/gxdp5
I used eToro prior to this. But now , in my home region, an army of the stimulus traders, got wasted, and reported it for being a - scam. So the follow up was, that my bank, banned direct-deposit links related to eToro. Not even a single $ is allowed. They send you some sort of a message,via phone, about people loosing money in there. And yet, you can still make a standard international wire trans-fare, via the same bank - to the same broker. And eToro says nothing about it being banned in my country, so that could be the policy of this individual bank only. Noone is safe, from the rage of noobs But it's alright, found new broker & even a better one. p.s there is a chance, that it was an order from the central bank of our country, but now it's irrelevant. (due money laundering & etc)
There is an existing thread on this article arlready, https://www.elitetrader.com/et/threads/day-trading-wsj-article.348033/
There is one big difference. In the other thread the article is behind a Wall Street Journal firewall.
That's all this is. Everyone on Reddit and Twitter pumping stocks while the first ones exit leaving 10s of thousands of bag holders.
Newbie investors: 'I didn't know I'd lose money so fast' https://finance.yahoo.com/news/amateur-investors-didnt-know-id-222524644.html