Commission-Free Day Trading

Day trading has become a popular pastime. Being stuck at home during the pandemic probably played a role, but the explosion in price from a handful of so-called meme stocks is what got everyone’s attention; it was like a modern day gold rush.


Timestamps:
0:00 Trading with Today’s Tech
2:00 Robinhood Investors
4:23 The Impact of Trading on a Mobile App
5:58 The Perception of Free Trades
9:50 Final Thoughts

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Referenced in this video:
Sensation Seeking, Overconfidence, and Trading Activity - https://www.nber.org/system/files/working_papers/w12223/w12223.pdf
Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors - https://faculty.haas.berkeley.edu/odean/Papers%20current%20versions/Individual_Investor_Performance_Final.pdf
Robinhood Has Lured Young Traders, Sometimes With Devastating Results - https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html
Smart(Phone) Investing? A within Investor-time Analysis of New Technologies and Trading Behavior. - https://www.nber.org/papers/w28363
Robinhood Markets, Inc. S-1 - https://www.sec.gov/Archives/edgar/data/1783879/000162828021013318/robinhoods-1.htm
Predictable behavior, profits, and attention - http://www.seasholes.com/uploads/3/2/0/6/32066083/seasholes_wu_2007_jef.pdf
All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors - https://academic.oup.com/rfs/article-abstract/21/2/785/1607197?redirectedFrom=fulltext
Attention Induced Trading and Returns: Evidence from Robinhood Users - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3715077

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