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Robinhood traders celebrate stock wins including amateur, 23, who made $6K in 4hrs but experts predict trainwreck

Robinhood traders celebrate stock wins including amateur, 23, who made $6K in 4hrs but experts predict trainwreck
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My family won t let me go hungry : Two young traders reveal the perils of trying to surf GameStop s epic wave

‘My family won’t let me go hungry’: Two young traders reveal the perils of trying to surf GameStop’s epic wave MarketWatch 2/1/2021 © Getty Images Last Wednesday, Michael Farrar parked himself on his parents’ sofa, fired up the trading app Robinhood on his phone and kept Reddit’s WallStreetBets forum open on his laptop. When he sat up four hours later, the Beaumont, Calif. man was more than $6,000 richer. The 23-year-old’s decision to sell AMC Entertainment stock he picked up at bargain basement prices in mid-March had paid off.   He filled out that profit with trades in companies including Nokia , BlackBerry Express and yes, GameStop all buzzy tickers on the forum he’d just learned about days earlier.

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