--- title: Amateur investors are bowing out - The Hustle description: Daily trading volume is way down from 2021’s highs. image: https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/377919945-HS-News-Brief_2022-10-25T003231.857Z.webp --- # Amateur investors are bowing out ![Rob Litterst](https://thehustle.co/wp-content/uploads/2023/01/Rob-Litterst-pic.png?width=48&height=48&name=Rob-Litterst-pic.png) [Rob Litterst](https://hs-sbup.thehustle.co/author/rob-litterst) [Rob Litterst Twitter profile ](https://twitter.com/robbylit) Published: October 25, 2022 Updated: October 11, 2023 Meme stocks, crypto crazes, stimulus checks, and a bull market all contributed to a frenzy of trading activity between 2020 and 2021. ![Amateur investors are bowing out](https://hs-sbup.thehustle.co/hs-fs/hubfs/The%20Hustle%20News/Assets/Images/377919945-HS-News-Brief_2022-10-25T003231.857Z.webp?width=595&height=400&name=377919945-HS-News-Brief_2022-10-25T003231.857Z.webp) With 2.5m new US millionaires [minted](https://www.businessinsider.com/new-us-millionaires-wealth-compared-to-workers-pay-quiet-fleecing-2022-9) last year, there was reason for optimism. Fast forward to today, where a looming recession has traders [pumping](https://www.wsj.com/articles/day-traders-go-back-to-their-day-jobs-as-stock-market-swoons-11666148094?mod=hp_lista_pos3) the breaks, per *The Wall Street Journal.* #### **Daily trading volume…** … has fallen sharply across the board as the S&P 500, Dow Jones Industrial Average, and Nasdaq composite are all down big year to date. - **For Robinhood,** the app most associated with powering meme stock mania, July was the weakest trading month on record. The irony is that investors can get some of their favorite stocks much cheaper today than at any point in 2021, and as the downturn continues, long-term investors will likely be eager to pounce. Topics: [Stocks](https://hs-sbup.thehustle.co/tag/stocks) ## Follow us on social media prev next - ![The Dow index got a makeover. What does it mean?](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/994075186-image2.1.webp) ### The Dow index got a makeover. 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Why?](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/1424900165-News-Brief_2022-01-25T030332.677Z.webp) ### High-growth tech stocks are tumbling. Why? - ![22 predictions for 2022](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/1320052915-News-Brief_2021-12-29T233954.991Z.webp) ### 22 predictions for 2022 - ![Does Xmas time help stocks? The ‘Santa Claus Rally’ anomaly says yes](https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/1568899488-News-Brief_2021-12-24T092001.689Z.webp) ### Does Xmas time help stocks? The ‘Santa Claus Rally’ anomaly says yes Pop up for Subscribe to The Hustle Daily Newsletter Subscribe to The Hustle Daily Newsletter Get the 5-minute news brief keeping 2.5M+ innovators in the loop. Always free. 100% fresh. No bullsh*t. JOIN FREE ### 100% Free CRM Nurture and grow your business with customer relationship management software. Signup for a free account Close modal ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Rob Litterst", "url" : "https://hs-sbup.thehustle.co/news/author/rob-litterst" }, "datePublished" : "2022-10-25T07:35:05.000Z", "headline" : "Amateur investors are bowing out", "image" : [ "https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/377919945-HS-News-Brief_2022-10-25T003231.857Z.webp" ], "mainEntityOfPage" : { "@id" : "https://hs-sbup.thehustle.co/news/10252022-day-traders", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" } } } ``` ```json { "@context" : "https://schema.org", "@id" : "#article", "@type" : "NewsArticle", "author" : { "@type" : "Person", "name" : "Rob Litterst", "url" : "https://hs-sbup.thehustle.co/author/rob-litterst" }, "dateModified" : "2023-10-11T19:46:00+0000", "datePublished" : "2022-10-25T07:35:05+0000", "headline" : "Amateur investors are bowing out", "image" : [ "https://7355427.fs1.hubspotusercontent-na1.net/hubfs/7355427/The%20Hustle%20News/Assets/Images/377919945-HS-News-Brief_2022-10-25T003231.857Z.webp" ], "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "height" : 112, "url" : "https://fs.hubspotusercontent00.net/hubfs/53/assets/hubspot.com/web-team/WBZ/Blog%202021/Images/Logos/HubSpot%20Logo%20112X112.svg", "width" : 112 }, "name" : "HubSpot", "sameAs" : [ "https://www.facebook.com/hubspot", "https://twitter.com/hubspot" ], "url" : "https://www.hubspot.com" }, "speakable" : { "@type" : "SpeakableSpecification", "xPath" : [ "//title", "/html/head/meta[@name='description']/@content" ] } } ```