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00:00 Speaker A
I find this discussion of the changing retail trader absolutely fascinating and one of the things that I think you’re hitting on that you have in common with a lot of other uh broker execs is that the retail trader is getting more sophisticated in strategies in terms of thinking about their trades and we’ve come a long way from 2021 when people were just, you know, dishing out stimmies and putting in their account and then, you know, zero DTEs see it kind of go up and smoke. Tell us about the evolving retail trader here.
00:24 Speaker B
I think if you look at your example then showing the payoff in the Yahoo graph, right? Those kind of analytics, those kind of tools, both on the Moomoo platform and others, you get much better visualizations now, uh and especially with AI tools as well within the platforms. You get a much better idea of your risk return and your and the the your horizon. We have a on our platform, we have an option strategy builder. You put in your your view on the stock, how bullish, how bearish, your time horizon, your risk profile, and it will build you a strategy.
00:54 Speaker B
And then you can click and then trade that strategy. So, these kind of tools are a bit like you showed on Yahoo with the payoff graph. Uh they’re just becoming much more common. Uh people are becoming much more sophisticated.
01:05 Speaker A
Yeah, that’s a great thing. Um talk to us about some of the other trends you might have seen with volatility. Um you know, we saw some volatility scares over the last couple months. They weren’t huge, nothing that compared to April 8th, but that in itself was maybe a huge over reaction, at least in terms of the VIX reaction, I was looking. How do retail traders process and trade volatility now?
01:20 Speaker B
You know what? Uh they’re better traders than me. So I can tell you that much. Their fortitude and they tend to not trade the noise as much as I as I’m a very emotional trader, even though I’ve been doing it for 38 years. I fight my natural instinct every day to uh to FOMO in and and panic out. I’m a I’m a human being. But um, we have this big community of 28 million people and we have 6 million daily interactions. So, um, a lot of our investors uh are really active in the community. So it’s like having a distributed risk
01:49 Speaker B
Yeah. trading desk, but it’s global.
01:51 Speaker A
It’s crowd sourced, probably.
01:52 Speaker B
It’s crowd crowd source risk discipline. It’s a great way of putting