The stock market crash and the subsequent stock market rally has everyone hoping that the worse is behind them as it pertains to the stock market, their 401(k), IRA’s, and other retirement accounts.
However, what the crowd does in regards to the stock market, and in particular to trading is rarely the right move. In fact history will tell you that ultimately the crowd is always wrong.
You have tons and tons of first time traders opening accounts with Robinhood for the first time in hopes that they are special an can benefit from the current stock market bounce and make riches like they have never experienced before. Instead, they are likely to be the bagholders that take the brunt of the losses, when this market takes a nose dive lower once again.
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