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Robinhood traders have a troubled track record of stock picking


Robinhood traders have a troubled track record of stock picking
The Robinhood App is displayed on a screen in this photo illustration.
(REUTERS)Premium
. Updated: 06 Feb 2021, 07:27 PM IST Bloomberg
Picking stocks is hard. Almost nobody has an edge, and it’s no mark of shame when a call fails to pan out.
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Back in May, a Reddit poster hit WallStreetBets with a sure-thing tip on Scorpio Tankers Inc. The oil shipper, trading at one-fifth the value of its assets, was a screaming buy with storage rates soaring, insiders leveraging up and oil vaulting back after briefly going negative. ....

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