There are so many people who want to make a million dollars at some point in their lives. After all, why wouldn't you want to make that much money? There are a number of ways that you can do this, but for most of us, we don't naturally have careers that will earn us a guaranteed million dollars from our salaries.
How could a stunning one-day decline in a 2,000 point index be projected within 2 points of the 1971.89 close? How could the Dow's ninth largest point decline ever, and largest point decline since August 8, 2011, be projected within one percent?
For Robinhood founders Baiju Bhatt and Vladimir Tenev, the 2008 financial crisis, followed by the Occupy Wall Street movement, were a source of inspiration to create Robinhood, a mobile first zero-commission stock brokerage app.
I started trading penny stocks as a high school student, and since I recently turned 34, that means I've been an active trader for more than 15 years. And while nobody likes to admit to getting older, my recent birthday has left me reflecting on what I've accomplished and where I want to go from here.
The U.S. stock market is rigged, with elite traders buying access to a high-speed network that allows them to figure out what you've just ordered, order it first, then raise the price before your order is complete.
For decades, covered call option selling has been a well-kept Wall Street secret used largely by savvy Hedge Fund managers. Today, no matter what your background, the online trading software in most brokerage accounts has made it possible for the retail investor to profit right along with the big boys.
This is what it looks like when the robots take over the stock market.
You might think the experience of pulling Knight Capital out of the flaming wreckage of its high-speed trading crash might make Wall Street finally see the need for regulation of high-speed trading. You would of course be dead wrong.
The detection of abusive patterns must happen in real-time, before any suspicious behavior has a chance to move the market. Sensing and responding to market patterns before aberrations or errors have a chance to move prices is the right thing to do -- in all asset classes.
But the relationship between wealth and compassion may work both ways. In 2005, researchers found that if a stock trader