Lots of new small cap day traders are dropping out of the game because the reality is it's very hard to make any money anymore.
The shorts are in control now.
This is why new traders are going into options instead where they can make money on a down move too.
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New traders + options sounds like tough sledding but I imagine with the right tools and guidance, success. Commons over options for me.
Seeing it already this morning. Wide 2-5 cent bid/ask spreads on even the PM volume leaders on top of the quick short attacks. Definitely tough waters to navigate here.
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With LC Options traders don't have to deal with the high school like environment of low float pennies.