What's In A Name?
- Momkonomics
- Feb 2, 2021
- 1 min read
Updated: Feb 17, 2021
There's been a lot of chatter regarding short selling particularly of AMC and GME stock. An inadvertent consequence is the trouble it has generated for the trading platform Robinhood also perhaps because of its moniker. People had an expectation of it being in support of the market sentiment generated by the Reddit traders, the company however claims a fiduciary responsibility to it's novice clients regardless which side of the trade they are on regarding the action it took when deciding to limit trades on the stocks in question.
Take aways:
Rethink emotion based trading
Do your homework
Strive for best execution versus free when trading
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