In two words…this guy (for a good laugh please do click and watch):
Davey Day Trade Global (DDTG) is my new favorite market guilty pleasure.
Davey is what you get when you combine a pandemic killing sports (his day job) with free commissions and record volatility.
What is ahead for Davey?
More volatility and likely larger losses.
This great chart from MacroCharts shows historically that the volatility we have witnessed so far in 2020 is likely to be with us a long time…
I do not think free trading is the reason Davey started day trading, but it has been an incredible rocket fuel for activity in general since all the brokers copied Robinhood:
I don’t know much, but I do know that free trading is here to stay and the volatility is not going away soon. Davey Day Trader Global is day to day so I am enjoying it while it lasts.