Dylan Riechelson Comment On Regulatory Notice 22-08
Dylan Riechelson
N/A
Banning retail investors from trading certain instruments is like like throwing an abuse victim in jail to protect them from their abuser. The only reason that this instrument performed so poorly over the last 2 years was the excess liquidity in the markets, and the pump and dump scams often indoctrinated into CNBC viewers. Over the year or so, we’ve witnessed the collapse of Melvin Capital, Archaegos, the fund in China that was short on Nickel, and Bill Ackmans foolish investment in Netflix. All of these instances saw billions of dollars of wealth destroyed. As a recent college graduate facing the worst economy in 40 years, holding the Proshares against the QQQ has helped me stand a chance against the system that is already rigged against me as a retail investor.
Dylan Riechelson Comment On Regulatory Notice 22-08
Banning retail investors from trading certain instruments is like like throwing an abuse victim in jail to protect them from their abuser. The only reason that this instrument performed so poorly over the last 2 years was the excess liquidity in the markets, and the pump and dump scams often indoctrinated into CNBC viewers. Over the year or so, we’ve witnessed the collapse of Melvin Capital, Archaegos, the fund in China that was short on Nickel, and Bill Ackmans foolish investment in Netflix. All of these instances saw billions of dollars of wealth destroyed. As a recent college graduate facing the worst economy in 40 years, holding the Proshares against the QQQ has helped me stand a chance against the system that is already rigged against me as a retail investor.