Domingo Halliburton
Handmade in USA
When BATS IPOs on Friday how do they decide which high frequency firm gets to front run their stock on their own exchange?
Boiler Room: The Official Stock Market Discussion
Clark Wayne
Superstar
Robinhood stay fukking up. Market opens up and every user has their account wiped out and frozen.
Why would people use Robinhood anyway?
March Madness
All Star
true
but a strong intraday USD (+ dovish Fed statements) just complicates shyt on my end lol
been working with Gbp/Jpy this week. the Yen crosses were my money makers in 2014... Gbp/Jpy's 2016 price action is smoother than Gbp/Usd's. waiting on the next FOMC or NFP for a xxx/USD pair to move is getting old. BOJ/Kuroda dumps millions of yen into Fx during Asia+London, but it's predictable and trade-able.
Clark Wayne
Superstar
For strictly buying and holding stock it's great. It's mostly for beginners to test the waters since there is no commission fees.
Outside of the server issues I haven't had any problems with it. It's just lately with the instant upgrade the servers have been acting up a lot.
ill
Superstar
Zero commissions so you can trade all day with smaller principle. Commissions tend to eat up profits when you're investing less than 10k.
Wouldn't a traditional broker like TD Ameritrade would be better, isn't Robinhoob a start up tech company? What would happen if they fail or investors back out?
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Clark Wayne
Superstar
Not for beginners. Like bruh said above commissions can be a detriment to new investors who don't have $10k or more to invest.
Considering who is backing them, I doubt they will fail anytime soon, if anything they would more likely be bought out.
88m3
Fast Money & Foreign Objects
They are no minimums balance need for an account at TD Ameritrade and a lot of the bigger brokers. If a $9 commission is too much per trade why and what are you even trading.
Clark Wayne
Superstar
But why pay when you don't have to? I've been using it since November of last year and outside of the recent server issues I haven't had any problems with it.Use other resources for research, hop on Robinhood and invest/trade on it. Pretty good set up
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88m3
Fast Money & Foreign Objects
ill
Superstar
$9 per transaction (aka $18 for a buy and a sell) is a huge % to give away if you're trading with small money. If you only have 1k in your account, just the fees alone will cost you 2% of your profits. Thats huge when you're trying to build a bankroll.
JahFocus CS
Get It How You Get It
Breh you can't be serious?
$9 is ridiculous off the bat because a number of other places have commission fees of about half that. But even more, why pay commissions and eat into money that can actually, you know, be invested?
Robinhood is making investing more accessible to people.
if they fail you just transfer your stocks somewhere