Tenev: Studies on Day-Trading Losses Are Outdated Due to Commission Elimination
Vlad Tenev · Robinhood CEO Vlad Tenev on Dumb Money, Day Trading, and Retirement · Jan 31, 2024 · at 14:07
Robinhood CEO Vlad Tenev addresses host Alex Kantrowitz's question regarding academic studies showing 95% of active day traders lose money.
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“Those studies, a lot of them are from the nineties or earlier. And you see the dominant factor being commissions. It's like, oh, they're trading a lot. And so the commissions are eating up like nearly all of the returns. And now, you know, we remove commissions. The entire study basically needs to be needs to be sort of like revalidated.”
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