Name: Robinhood trader 'sticking it to the man'
Uploaded: 2021-01-30T21:15:04.000Z
Duration: 2 min 23 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

At this point, Like I said, I don't care about what my financial return is.

Colin McClelland is a 31 year old investor and podcaster from Houston, Texas.

He and thousands of investors like him took on Wall Street and sent shares in US gaming retailer Gamestop soaring.

So I first started seeing some commotion around Reddit on Wall Street bets for him talking about game stop and essentially executing a short squeeze on Melvin Capital, which is a hedge fund.

And I thought it was really interesting because you saw the common man fighting against Wall Street.

And so I put the money in the stock around $85 out of just principle that I thought it was comical.

Online brokerages, including Robin Hood, temporarily restricted trading in those stocks on Thursday, much to the anger off the online community, including investment vlogger on Robin Hood user JJ Buckner.

They accused the trading platforms of seeking to protect Wall Street's interest at the expense off smaller investors.

Robin Hood is not my mom and dad, and they can't tell me when I can and can't trade, you know they like to make the There was an email that's sent out to saying that like we're looking out for our investors.

We live in a Let us live in a trade in the free market where we're able to dictate what happens with our money.

If I want to risk some of my money, Thio potentially earn some more because I know what's going on and I want to take advantage of the opportunity.

Don't tell me you're looking out for me when we all know that prices were going to go up.

By the end off Thursday's trading session, Robin had reversed course and said limited trading in the stocks would resume on Friday.

It's the regular Joes versus Wall Street and that's what when I put money into it, I said, Even if this goes to zero and I lose everything, I like being a part of it and that I think that that cinema has shared amongst a lot a lot of people regarded by market professionals as dumb money, retail traders some of them former bankers working for themselves have become an increasingly powerful force off the financial world.

 That's sparking calls for greater scrutiny into trading on easy access online APS, fueled by anonymous discussions on social media. 