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Analysis-Financial literacy or luck? The year small-time traders made a big impact

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Reuters

By Tommy Wilkes, Saqib Iqbal Ahmed and Elizabeth Howcroft LONDON/NEW YORK (Reuters) – In May, San Diego-based Emily was feeling flush from a year of double-digit gains earned from trading stocks. Equity options, which some fellow stay-at-home investors were dabbling in, would juice up her returns, she decided. Emily was among the army of small-time investors who shook up stock markets in 2021. Some earned fortunes by squeezing out hedge funds from short positions on so-called “meme” stocks such as retailer GameStop and cinema group AMC Entertainment. But AMC proved to be Emily’s downfall. As i…

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