This morning, almost every major brokerage halted trading on the most volatile stocks, including GameStop, BlackBerry, Bed Bath & Beyond, Nokia, and AMC Theaters.
We’re in a situation where major trading platforms are blocking retail investors – us – from placing trades, while allowing hedge funds and institutional investors to drive prices.
That is not a free market.
When you don’t let people buy, and you don’t let people sell, you’re locking people out of the game entirely.
Yesterday, I was worried that grandma and grandpa would make the wrong investment choices and irrationally bet their life savings away. Now, they’re prohibited from making any choice. 🤯
We deserve the right to make our own trading decisions.
For the latest updates, follow me on Twitter or Instagram (check out my stories). I’m sharing my thoughts on these platforms as things unfold.