Speculative Retail Trading is Good for Financial Markets, Actually

Crashes happen when conviction in positions hardens into blind faith and unquestioning belief, and markets force a hard reset. Speculation keeps markets honest by forcing constant reevaluation. Retail investors do this daily by actively debating a stock or token’s prospects or deep diving into company fundamentals with fellow market participants. When they engage critically and stress-test every narrative in real time, they perform an invaluable and increasingly rare service as the active asset management i ...