Brokerage eToro’s online platform, which has two-thirds of its customers in Europe, saw 106 million trades in the third quarter of 2021, half of the first quarter total, though well above early-2019 levels of 63 million.While his Tesla holdings were hit hard by the March 2020 sell-off, he bought more after watching YouTube videos where traders advised watchers to “buy the dip.”
The subsequent bounce quadrupled Phillips’ initial 15,000 pound outlay, he said, but he has no plans to sell, citing his “10-year conviction” on Tesla. Others such as Dan, a 24-year-old student from northern England, caught the trading bug through “boredom” and reading online chatrooms such as ‘WallStreetBets’ that pumped meme stocks.
Requesting his full name not be used, Dan says he made four times his 1,000 pound investment in GameStop, though friends who got in late lost money. He has since quit day trading, calling it “luck,” but invests in stocks via a British savings account. The experience had “helped me be more financially literate,” he added.She hopes one day to rebuild her portfolio.This entry was posted on 29 Dec 2021,10:17AM at 10:17 AM and is filed under
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