Baule, Rainer; Frijns, Bart; Schlie, Sebastian - In: Journal of Futures Markets 44 (2024) 9, pp. 1487-1507
and high‐frequency quotes, we first provide evidence that retail investors actively and consciously respond to short …‐term intraday returns in a negative feedback, contrarian fashion. Second, we show that some retail investors also feedback trade on …