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Evolution Magazine

Finance

Most Robinhood Users Experience Loss!

The top 0.5% of stocks bought by the active users of Robinhood have to experience a return by 5% or even in worse cases 9%, according to a report.

A Professor at Princeton who has about twenty years of experience in learning the trends of day traders and how they hardly are able to make money consistently stated that day traders are nothing like “serious investors”. There are various factors involved which require one to be a serious investor, most of which day traders ignore. One shouldn’t be confused by the promises of easy profit through day trading he concluded.

The observations around day traders have put the Robinhood site’s management and policy in question. The easy layout which can garner attention from inexperienced traders and the fact that no commission is required to use it also enables day traders to participate more actively. But their participation might be based on pure speculation instead of actual information and experience.

Robinhood did not release an official statement after the report was released but one spokesperson claimed that a majority of their users are actually not day traders.

Regardless of their claim, many studies have been released from various parts of the world that seem to reiterate the same conclusion that trading without experience and for easy profit can actually be detrimental and quite a grave loss to one’s wealth.

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