<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="A surge in brokerage accounts combined with speculation on risky stocks are a hazardous recipe, says one market watcher.” data-reactid=”16″>A surge in brokerage accounts combined with speculation on risky stocks are a hazardous recipe, says one market watcher.

“People are new to trading and new to investing and want to take advantage of these wild swings,” Caleb Silver, editor-in-chief of Investopedia, tells Yahoo Finance’s The First Trade.

“These are the most dangerous times to start day trading … This is when people really get hurt,” he added.

Silver says Investopedia is seeing a surge in searches “for everything from day-trading techniques, rules to live by for new day traders, to how to trade the options market.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Some of the recent top stocks which new investors have been leaning into include Hertz (HTZ), which filed for bankruptcy protection in May; Nikola Motors (NKLA), the hybrid truck company which recently listed on the Nasdaq (^IXIC); Top Ships (TOPS), the penny stock; as well as Oasis Petroleum (OAS) and American Airlines (AAL)— all of which have seen massive swings recently.” data-reactid=”20″>Some of the recent top stocks which new investors have been leaning into include Hertz (HTZ), which filed for bankruptcy protection in May; Nikola Motors (NKLA), the hybrid truck company which recently listed on the Nasdaq (^IXIC); Top Ships (TOPS), the penny stock; as well as Oasis Petroleum (OAS) and American Airlines (AAL)— all of which have seen massive swings recently.

IMAGE DISTRIBUTED FOR HERTZ - Lisette Marchand, a resident coordinator at Montefiore Hospital, picks up her free rental from Hertz in New York City, Saturday, March 28, 2020. Hertz is providing vehicles to New York City healthcare workers to help them get to and from work so they can continue providing critical care to the community during the coronavirus (COVID-19) pandemic. "It gives all of us at Hertz a sense of purpose and pride to lend our support as much as we can during this very difficult time," said Kathryn Marinello, Hertz President and CEO. (Diane Bondareff/AP Images for Hertz)IMAGE DISTRIBUTED FOR HERTZ - Lisette Marchand, a resident coordinator at Montefiore Hospital, picks up her free rental from Hertz in New York City, Saturday, March 28, 2020. Hertz is providing vehicles to New York City healthcare workers to help them get to and from work so they can continue providing critical care to the community during the coronavirus (COVID-19) pandemic. "It gives all of us at Hertz a sense of purpose and pride to lend our support as much as we can during this very difficult time," said Kathryn Marinello, Hertz President and CEO. (Diane Bondareff/AP Images for Hertz)
Lisette Marchand, a resident coordinator at Montefiore Hospital, picks up her free rental car from Hertz in New York City, March 28, 2020. Hertz is providing vehicles to NYC healthcare workers to help them get safely to and from work amid the coronavirus (COVID-19) pandemic.

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="‘This is a super volatile time’” data-reactid=”32″>‘This is a super volatile time’

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Retail activity picked up in the first quarter as investors took advantage of zero commission platforms and saw an opportunity to ride the market rally.” data-reactid=”33″>Retail activity picked up in the first quarter as investors took advantage of zero commission platforms and saw an opportunity to ride the market rally.

“We see these account surging for Robinhood, we see online account activity growing at the Schwab’s, E-trades and Fidelities of the world. Traffic to our own online brokers’ reviews is up three times already this year. So people are very interested in getting in,” he said.

Silver says the key for newbies is to know what they’re doing.

“This is a super volatile time. You could lose your shirt in a day. You could gain two shirts back the next day, but you have to know what your limits are,” he said.

Investopedia’s ‘Investor Anxiety Index,’ a gauge of investor sentiment, shows a shift over the past week from personal finance terms like “bankruptcy: and ‘“foreclosures,” to “market performance.”

“It went to market based anxiety to where people are looking up, ‘recession’, ‘bear market’, a ‘bear market rally’, ‘how to trade volatility’,” said Silver.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Ines covers the US stock market from the floor of the New York Exchange. Follow her on Twitter at&nbsp;@inesreports.” data-reactid=”39″>Ines covers the US stock market from the floor of the New York Exchange. Follow her on Twitter at @inesreports.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Read more:” data-reactid=”40″>Read more:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="It would be unprecedented for a bear market to be this short: Wells Fargo Strategist” data-reactid=”41″>It would be unprecedented for a bear market to be this short: Wells Fargo Strategist

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Recent rally could be a ‘bear market trap’: Miller Tabak Strategist” data-reactid=”42″>Recent rally could be a ‘bear market trap’: Miller Tabak Strategist

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="A view from the trading floor: Algorithms having ‘outsized impact’ amid coronavirus impact” data-reactid=”43″>A view from the trading floor: Algorithms having ‘outsized impact’ amid coronavirus impact

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Follow Yahoo Finance on&nbsp;Twitter,&nbsp;Facebook,&nbsp;Instagram,&nbsp;Flipboard,&nbsp;SmartNews,&nbsp;LinkedIn,&nbsp;YouTube, and&nbsp;reddit.” data-reactid=”44″>Follow Yahoo Finance on TwitterFacebookInstagramFlipboardSmartNewsLinkedIn, YouTube, and reddit.