RH and other brokers are making $ off these new investors/traders. Brokers and MM are trading against them. Bogus Trading schools are popping up and signing them up. Stock pumpers and hedge funds are using #Memes stocks to Pump and Dump on them etc.
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How is the industry already making $ off this new investor class? Lets just say it's been easier than usual due to the Raging Bull Market over the last 12 years it's 15% average gain per year.
So Newbies on #Robinhood as of now are still making money. Eventually that will change
