Agree to Disagree: Can Small Investors Beat The Street?
Open to Debate
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Why People Don't Trade Stocks Anymore
The reason people don't trade stocks any morse because stocks are too expensive, says spencer. The growth of the option market has absolutely nothing to do with the reasons you just saind. It has to do a hundred % with capital efficiency. Somebody can trade amazon on a five dollar widespread in amazon, which is a 35 hundred dollar stock, putting up 250 dollars. And that's why people trade options. So we make a little bit back when they trade options, crypto or futures. That's fair. We build unbelievable technology. But on stock business, we do it as a net loss. Like our firm loses money every time somebody trades stocks. That's a horrible
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