Andrew D Ellis
Oct 26, 2021

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RBF, let's be clear, retail traders (folks like you and me) aren't losing money because of order flow issues. Retail traders' losses are predominantly attributable to the fact that retail traders can't trade as fast as the market moves, retail traders can't move the market (in the absence of mass participation as we saw with GameStop and AMC), and retail traders can't make money on price changes measured in fractions of pennies. The retail trader is like a one-legged man in an ass-kicking contest. Not surprisingly, 83% of day traders are men.

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