Investing
Herding by ‘Naive’ Robinhood Traders May Be Good Signal to Short
- Research links intense buying by app users to negative returns
- Academics suggest Robinhood interface adds to attention biases
Photographer: Gabby Jones/Bloomberg
This article is for subscribers only.
From buying the dip to surfing the tech surge with options, an investor following the Robinhood crowd this year would have a lot to feel good about.
Provided they didn’t follow too long, that is.