I think today's PFOF/retail transaction cost debate misses an important point: since COVID, market structure *on the demand side* has likely permanently changed. Eliminating PFOF or punishing market makers won't prevent CrazyApe69 from YOLOing his life savings away.
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Look forward to it as ever :) How much of retail volume is this crazy category? I go back to how retail owned Tesla all the way up and certain HFs were short from 5yrs ago. Professional investors not always better than retail.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I feel strongly that people should be able to do what they want with their money. Assuming that parties understand the risk involved then yolo-ing lottery tickets shouldn't be prohibited.
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brokers shouldn't churn accounts or encourage folks with "LT investment" as their goal day trade, but if cryptoape69 whats to yolo some GME calls, giddy up
End of conversation
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