Lessons from the GameStop Robinhood Saga

<p>Unless you’ve been living under a rock this week, you have no doubt heard about the GameStop stock drama. What started as a once in a lifetime opportunity to get rich quick has become a David versus Goliath story of retail traders rebelling against massive hedge funds.</p><p>Limit Up! is taking a short break from our trading fundamentals series to bring you all the details behind Wall Street’s story of the week. Jack, Dan, and John Doherty give a recap on how GameStop blew up, how a short squeeze works, and what sort of repercussions are likely in store for the trading app Robinhood. Tune in for Topstep’s take on this volatile week.</p><ul><li>(00:45) - Mechanics of short squeezes</li><li>(05:14) - Zero-commission trading</li><li>(06:49) - Float and short interest</li><li>(10:51) - Role of short sellers</li><li>(20:34) - Effect on futures and forex</li><li>(26:31) - Industry change</li><li>(34:21) - Astroturf</li></ul><br/><p>Limit Up! is a podcast brought to you by <a href="https://www.topstep.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="noopener noreferrer" target="_blank">Topstep</a> about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: <a href="https://www.topstep.com/risk-disclosure/" rel="noopener noreferrer" target="_blank">https://www.topstep.com/risk-disclosure/</a></p><p><a href="https://www.topstep.com/" rel="noopener noreferrer" target="_blank">Topstep</a> is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them