Robinhood Traders Have a Troubled Track Record of Stock Picking

  • Academics say buying on platform shows little outperformance
  • App users’ activity has tended to lag other retail investors
Retail Revolution: The Rise of Reddit and Robinhood Traders
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Back in May, a Reddit poster hit WallStreetBets with a sure-thing tip on Scorpio Tankers Inc. The oil shipper, trading at one-fifth the value of its assets, was a screaming buy with storage rates soaring, insiders leveraging up and oil vaulting back after briefly going negative.

There’s an opportunity to see “100% returns within the next year,” the user said.