Stock market educator: meme stock trading is irresponsible

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New York Stock Exchange News

Peter Tuchman,Trading Accounts,Gamestop

Quattro Securities Trader and 'Einstein of Wall Street' Peter Tuchman is one of the most well-know people on the floor of the New York Stock Exchange. And...

Quattro Securities Trader and"Einstein of Wall Street" Peter Tuchman is one of the most well-know people on the floor of the New York Stock Exchange. And he's genuinely worried about people who are investing in meme stocks, like GameStop : 'I know for a fact that 90% of the people playing in this pond are losing money and blowing up trading accounts.

It's irresponsible for that person to go out on Twitter because the look I we deal, we are at the crossroads of so many young investors uh for so many young traders who come to me who are still long Gamestop at 480 from the first debacle.But I can't understand is, is why it, it look, it is.And if they see someone lying on the back of a Bugatti with a stack of 10 thousands.It's going to the moon and you know it.

 

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