Well. I have long said those who refuse to change, are capping themselves. Earlier in this thread, i was negative on the ol robinhood. i have no reason to move to robinhood, but do see it as just a tool that people use. If the investors lose, they lose. I have lost plenty without the help of robinhood. Hahaha. That said, i have noticed the hooders to move stock prices for short term. I am not alone in noticing this. Im pretty sure the world has. At least these people have as well. https://robintrack.net/ Maybe traders will find this useful. Maybe its nothing more than a rear view mirror like many other tools. I figure if u combine this with some hype chatter, it may give you an edge on some short term trades? Ill include this site when im looking at interesting trades anyway. At least until i decide if it has any value or not. Unfortunately, the information is hrly uploads. I have been in and out of options trades in minutes before. So not sure how useful it will actually be.
The problem isn't Robinhood. It's a small group of people using Robinhood. They get the most attention.
Yeah. I agree. My point was watching that small group that gets the attention to look for the next trend reversals. Wish i could add that robinchart to my TOS and relplace the MACD with it. Haha
I am an open hood'er, but I don't represent how the news tries to categorizes me. That said, anyone that listens to the Robinhood Snacks podcasts certainly knows their target market. And it is a smart, but inexperienced market they are successfully getting. I just use it for the ease of use and commission schedule.
I use Robinhood to make trades, thinkorswim for tracking plotting and testing. I only use RH for longterm investments. When I'm ready to swing trade or day trade I will most likely switch to Ameritrade. My curiosity is in their deposits program. They let you deposit funds with a .30 APY to select accounts (rates subject to change) with access to debit cards and other similar banking services. I don't utilize the service because I don't know a lot of the details or have communicated with people who do utilize it. My mother raised me to only go in the water after you see people swimming. That way you know if there are sharks in the water. On that note, I can see how people with no understanding of trading or investing using Robinhood can lose the farm because they treat it like casino gambling. But, isn't that the case with any ETF brokerage?
Exactly. To point, I use it, was signed up for it before they had an app. I like it's ease of use ony phone. Typically short turn around. But my bigger and safer trades I use Vanguard. I mean really, since RH debut, everyone does it for free now anyway.
on eTrade, the account comes with a debit card and checkbook. Covenient. In theory, I would not need any other accounts. All my banking could be centralized. based on how they make so much money with that business model, other brokerages are offering fee free trading also kind of upsetting to think about how all these years, how much you paid for brokerage fees
RH cleans up peddling your trade flow. Vanguard doesn't sell your trade flow. But they are kinda huge anyway.
The only way that someone can Rob your Robinhood account is if they get control of your email account first. ERM, strong password anyone?
