There is a new but not new method of trading stocks, options and so on that is on the rise marketed to “Gen Z and Gen Y”. It is called Copy Trading, where social users mimic the transactions of another stock trader (presumably a successful one) with their own real dollars. This sub-culture of popularized stock trading, rather than investing, has yet to prove profitable for the wealth of followers but has resulted in a few teen suicides over insurmountable losses. This concept of young social stock trading elicits warnings about “the herd effect” and the “meme stock” phenomenon (a form of mindless stock manipulation).

https://twitter.com/thecultureproof/status/1375892492554493956

https://twitter.com/thecultureproof/status/1375891232266813442