Time is money: the armchair traders of lockdown GlobeInvestor
this year, with global app eToro increasing new account openings by 400%, compared to the same period last year.
“Stock market gains have mostly been led by government and central bank stimulus, but increased retail trading activity has pushed up prices and caused volatility in specific small cap stocks,” she said.McVeigh said he has invested around 5000 pounds and made a 20% profit by trading around 80 companies and commodities such as oil.
“It feels like betting when it comes to struggling companies,” said McVeigh, who bought shares in Valaris, a company which he doesn’t expect to survive but still made him a profit.The pair say that in general, though, buying stocks feels different to gambling because it is not a win-or-lose proposition like betting on the outcome of a football match.
Both men said it will be impossible to trade as intensely when they return to work, so they plan to change their trading strategy to focus on long-term stocks.
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