Is ‘Retail’ Finished for This Cycle?

The average Robinhood account size is $7,658.

For comparison, average Schwab account is $152,000.

Interactive Brokers, is larger still, $158,000.

A small account is not an indicator of acumen in itself; Livermore’s first trade was Burlington, netting him a profit of $3.12.

However, he moved on, trading size in the $millions.

With that said, let’s look at the chart.

Robinhood HOOD, Daily

It’s possible we have a trend break and trading channel.

As noted, if we’re in a channel, it’s Fibonacci 8 Days, wide.

Positioned short as HOOD-25-03, with stop at today’s session high (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279