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Protect yourself while actively trading

PUBLISHED Oct 6, 2022, 7:19:56 PM        SHARE

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Amateur Investor Manipulation: Watch out if you’re actively trading on Robinhood. Mad Money’s Jim Cramer believes that Wall Street is buying up low-priced stocks before the market officially opens, so that inexperienced traders get duped into buying before massive selloffs. We want to protect you from making major mistakes. Some fun money is ok, of course, but for the majority of your life savings please consult a professional, or ask us for a free consult. If you actively trade on Robinhood or other investment apps, here are several ways for you to protect your money.

  • Build real wealth in an investment account and only invest using popular apps with your spare change.
  • Be sure to buy and sell what you know. If you see an investment increasing in value that’s under $10, but you don’t know the company, then don’t buy.
  • It’s often better to be in high value assets over the long-term. Day trading doesn’t build long-term wealth and there’s a reason that certain stocks are so cheap.
  • Understand the tax implications of your transactions. You’re better off using a strategy like dollar cost averaging over several years, rather than trying to time the market.


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