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Kevin O’Leary day trading Reddit stocks to see if he can beat robo-advisor

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Kevin O’Leary, co-founder of O’Shares ETFs, told CNBC on Wednesday he’s started to day trade alongside users of Reddit’s WallStreetBets forum in hopes of better understanding the online community that played a key role in the recent GameStop short squeeze.

In an interview on “Squawk Box,” O’Leary said he put $10,000 into an account with the popular brokerage app Robinhood and said he joined Reddit to “ride with the herd.”

“There’s a whole new sheriff in town and they’re not stupid,” said O’Leary, also an investor on “Shark Tank.” O’Leary added he’s been impressed with the sophistication some Reddit users have demonstrated, saying they’re “not as dumb as everybody thinks.”

“They’re…



Source cnbc.com

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