Digitally connected and tech-savvy: These are America s new day traders
By Reuters By Imani Moise and Medha Singh
Washington - James Villalobos, a communications consultant for an insurance company in New York, downloaded the Robinhood online brokerage app back in September.
He was hesitant about getting involved in the stock market – I never understood what it was, what it did – but a few months later he created an account and bought shares in airlines and cruise lines, figuring the industries, slammed by COVID-19 disruptions, would eventually rebound.
He started watching YouTube videos about stocks, and joined a Facebook group created by a friend who is really into options trading. Villalobos was quickly down $1,200. But he was ready to make his money back.
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