Tonight I’m excited to speak to UCI Alum and Students about the basics of Investing and Stocks. My #1 trading tip: Don’t buy something just because it went up a lot and everyone else bought it.
Here’s is what happens if you were to buy the top approximately 10 stocks bought by Robinhood users each day (as measured as the percent user change from the prior day).
That’s right – you’d turn $1 million into $1,000 over the 2 year period I have Rohinhood data.
I’m sure other new retail traders were doing this at other brokerages, but Robinhood encourages trading and emphasizes the top moving stocks each day.
