Everyone Is becoming a “Trader” during lockdown

[maxinger]

I am thinking that we are entering the same environment as what we had in the late nineties - remember, when everyone was a “trader.”

We have cryptos which has a .com feel.
We have zero commissions.
We have people that even after lockdown will have more freedom to work remotely.
We have internet becoming more available, affordable, and reliable around the world.
We have proliferation of legit (semi-legit) trading rooms.
We have companies willing to provide you with capital with minimal track record.
We have perpetual Fed put.
We have a generation of Robinhood traders/investors that seem to have no fear.

Great times ahead for traders around the world!

Right. In those days, suddenly everyone alive became a trader (actually investor).
everyone from executives to cooks to drivers to pilots to students to elderly folks to unemployed to housewives to cleaners.

 

[luckyfnlou]

Must be old timer traders returning back to the markets.
wrbtrader

I doubt old timer traders would use robinhood. Isn't all robinhood trading done on cell phones? I tried to learn what I could on their website to understand why anyone would choose them over so many great established brokers. Of course some brokers are better at certain things but I can't figure out why robinhood is getting all the millenials. Then again I don't own any bitcoin so I must be old.

 

[Slope Trader]

Right. In those days, suddenly everyone alive became a trader (actually investor).
everyone from executives to cooks to drivers to pilots to students to elderly folks to unemployed to housewives to cleaners.

The kids are bored too... sorry, it's a favorite Etrade commercial.

 

[nillionaire]

More traders? Cool. That’s more of the 95% who will be donating their money to us.

 

[Overnight]

Nope.

With the increased traffic, will there be more Baron pR0n?

 

[luckyfnlou]

More traders? Cool. That’s more of the 95% who will be donating their money to us.

You are thinking of poker... trading isn't a zero sum game.

 

[Overnight]

You are thinking of poker... trading isn't a zero sum game.

Well, neither is poker? It is the antithesis of zero-sum ideology? Surely you know how poker works, yes?

 

[luckyfnlou]

You are smart enough to understand game theory. Poker IS a zero sum game for the majority of players. If you have played as much poker as I have you know that. Certainly not the anti-thesis.

 

[schizo]

I am thinking that we are entering the same environment as what we had in the late nineties - remember, when everyone was a “trader.”

We have cryptos which has a .com feel.
We have zero commissions.
We have people that even after lockdown will have more freedom to work remotely.
We have internet becoming more available, affordable, and reliable around the world.
We have proliferation of legit (semi-legit) trading rooms.
We have companies willing to provide you with capital with minimal track record.
We have perpetual Fed put.
We have a generation of Robinhood traders/investors that seem to have no fear.

Great times ahead for traders around the world!

I was there in the thick of the action. Trading in the late 90s was easy time to make money as long as you went long. Well, until March 2000 anyway. But, back then, the technology was crap. Executions were sketchy. Commissions were horrendously expensive. Charts were laggy. The Internet was in its infancy so there wasn't a whole lot of information about trading as you have now. In comparison, it's so much better now. Plus, everything is practically FREE. What's there to complain?

 

[Whynottrade]

I am one of these "traders". Used to trade for 2-3 years some 15 years back. Was a member here too, rejoined with a new ID . Given lack of travel, got some time on hand, some python, backtesting, new setups, capital and a lot of luck, this has been a good pastime so far.