A Must Listen with Scott Evans 22:45 mark is what people need the hear. Scott speaks with a lot of authority and very definitive language. The whole interview is good but what everyone needs to refresh themselves with is near the end at that 22:45 mark.
Btw was listening to a program on the, for lack of a better term, the social media trading that's gaining strength and popularity. It's really starting to affect the trading when applied to individual companies. They are trying to figure out how to regulate these trades from ganging up and forcing the trade to go one way or another. In my mind I say good luck as it's nothing more than a massive investor group communcating over social media. How do you regulate that? The other issue is for example; one guy can own a massive position but clearly he needs to be careful when there is a lot on the line. 5,000 + millennials with only 500 shares each don't have much to lose individually so the risk profile of each participant is pretty much nill but the group as a whole has massive influence yet completely fearless. GameStop, a dying company, was halted twice on Friday with a massive 70% uptick due to a short squeeze. Not sure how they can regulate this kind of behavior as there is nothing wrong with a group of investors coming together to play a trade. One guy with 2.5 million shares or 5,000 with 500 each same thing. Anyways take a listen you will enjoy.
https://youtu.be/jyS59jgMgiU