“I don’t think the storm will be over in this year or next year,” said Errol Coleman, a 23-year-old in Tampa, Florida, who creates educational content for social media platforms. “The rally that we’re seeing right now isn’t something to be too excited about.”
“This is the first time young traders are navigating a bearish market and that’s why they’re taking a more conservative approach,” said Barry Metzger, head of trading and education at Charles Schwab. Young traders have continued to hunker down. A survey conducted by TD Ameritrade found most of their millennial clients reduced stock exposure in July and, unlike their overall client base, became net sellers of equities as economic conditions worsened.
“It isn’t a great moment for long-term investments,” he said in a phone interview. “I’m afraid of a market crash and I don’t feel I’ll win keeping the stocks for more than a day.” Retail traders have also had to shift their attention from social media signals to economic indicators.
Last week, stocks declined, but small options traders bought more calls and fewer puts Large traders behaved precisely the opposite, buying fewer calls and more puts The S&P 500 has performed worse when small traders buy speculative options into a decline
Actually its the exact opposite and the stats prove it
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