Now that stocks and trading have caught up with the younger generation, there is an influx of new traders with a fresher take on the scheme. According to research published by The Motley Fool, 37% of Gen Z and 55% of millennial respondents own individual stocks, and 36% of Gen Z and 47% of millennial respondents report having a retirement account.
Based on these statistics, young people are increasingly looking for a way to put their money where it can grow, and Clover Trading saw this opportunity.
Founded by Dom Mastromatteo, Michael “Huddie” Hudson, and Kyle Williams—three young men who became millionaires early in their trading careers—Clover Trading is committed to demystifying the trading process through transparency.
How Day Trading Attracts Gen Z
Day trading is literally what it reads: trading is done during the day. It is when a trader frequently buys and sells securities in the open market. Day trading can also mean buying shares of stock and selling them again within the same day, which is the case for high-frequency traders.
Just like in the movies, where people work together in close proximity, day trading is best done in the same setting. But with technology, nowadays, young people can do this through an app on their phone. This is also what makes it attractive. What needs to be improved in this convenience is what Clover Trading tries to bring back into the picture: transparency.
Changing the Narrative
The potential to earn much money quickly draws younger generations to trading. “But this short-term thinking is precisely what sets people up for failure in trading,” the three founders said.
“More than easy money, I think the narrative can be changed into the ability to have a calculated, data-backed guess. The rush when you manage to guess right is also a good motivation to continue with the hustle,” the founders agree.
In trading, just as easy as the money comes, it can be just as easy to get out of the door. Young people must pay more attention to this basic understanding of trading, which costs them money. This is the risk that follows.
The younger generation’s edge lies in their receptivity to new technology. They also consume more content online, which is why Clover Trading as a community has been well-received because of its online presence on social media platforms. On YouTube, Clover Trading hosts interviews and discusses trading strategies. They also have podcasts and regularly publish short videos on TikTok, where their content has become viral several times.
Clover Trading is a Gen-Z Representation
At the end of the day, Clover Trading’s young founders understand what it takes to cater to younger demographics. It is to provide a wealth of resources and a community of traders with proven track records as educators and support systems in a fun way and with easy access.
Bringing their own experience of setbacks and success to the table, Clover Trading’s founders strive to commit to transparency in day trading. They believe that being open to sharing their secrets to success will have a domino effect, giving positive reinforcement to young aspiring traders.
“I once had a ‘student,’ a friend from Michigan who joined me in day trading. He was just there every day to learn. To ask questions. Anything he didn’t know, he would learn and make it up. In one year, he secured his first million dollars,” Mastromatteo gave an example.
Witnessing this helps the founders confirm that building a community-empowered trading learning platform is the future of trading. With their mission of advocating transparency and sharing their success in a tight-knit community, they’re taking the world of day trading by storm.
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.