It’s an interesting debate, one I’ve fallen into many times on both sides of the aisle. We have STOCK SNOBS out there with a fixation on market cap and they tend to eschew anything determined to be “high risk” in favor of more traditional names. Once upon a time, during the HFT era of +40 DOW points per day, I laughed at day traders as ridiculous ass-clowns — for wasting time attempting to beat machines.
But now…I am the machine. With Exodus and soon to be StockLabs, my data is just as fast and timely as anyone else. As such, and thanks to the advent of ZERO COMMISSIONS, retail is back — meaning the average Joe is trading again and the high frequency retards at JP Morgan are missing out on all the fun.
Some people say Robinhood is to blame. I happen to love this market and cannot tell you how happy I am to see young people interested in stocks again.
I do not have prejudices when it comes to my stock selection. The only criteria I am strict on is volume — because when I don’t want to get trapped in a fucking roach motel stock if the price reverses on me. But this is the golden era of stock trading and if you’re ignoring XYZ because its market cap is $100m, you are leaving money on the table — plain and simple.
This is my first day back from vacation, full time trading, using my new volume surge tools in StockLabs (grab a beta seat) — and here were the results.