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Self-Made Multimillionaire Trader Shares His Thoughts on Shorts Squeezes and the Power of the Small Traders Why Wall Street Should be Worried Published: Jan. 26, 2021 at 11:39 a.m. ET
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MALLORCA, Spain, Jan. 26, 2021 /PRNewswire via COMTEX/ -- MALLORCA, Spain, Jan. 26, 2021 /PRNewswire/ -- With over 35 years of trading experience, Self Made Multi-Millionaire and New York Times Bestselling author of "The Millionaire Dropout," Vince Stanzione, has plenty of trading war stories to share, but today is coming out in support of smaller traders and resents that Wall Street is calling them "dumb money."
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It has long been overdue Wall Street has treated Retail as dumb money for so long, yet today's "dumb money" is far smarter than it was in the 2000 DOT COM boom and is far better equipped with access to institutional data. The only issue he sees is that many brokers cannot cope with the surge in volume, and platforms are seeing regular crashes which makes exiting trades dif cult. Stanzione thinks what you're seeing in markets now is not just about money. It's a deep routed resentment against Wall Street nancial media and the belittling of the retail trader with their