How to bankrupt Robinhood

guru said:
Very specifically my wife, her sister, co-workers and friends. They never tried anything else so Robinhood is all they know. When having technical trouble with Robinhood in the past some of them tried switching to WeBull but were confused by more complex features and charts, so went back to Robinhood. All they look at is the current price of things like FB, AMZN, SPY, and TVIX... Also experimenting with options.
They don’t use charts much but simply “feel” whether the price is high or low, based on looking at those prices for several months.
Oh, and they do not make money trading. They imagine they’re breaking even by adding more money to their Robinhood account every 6 months.
More...
It sounds likes action at a market top.:)
 
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guru said:
Very specifically my wife, her sister, co-workers and friends. They never tried anything else so Robinhood is all they know. When having technical trouble with Robinhood in the past some of them tried switching to WeBull but were confused by more complex features and charts, so went back to Robinhood. All they look at is the current price of things like FB, AMZN, SPY, and TVIX... Also experimenting with options.
They don’t use charts much but simply “feel” whether the price is high or low, based on looking at those prices for several months.
Oh, and they do not make money trading. They imagine they’re breaking even by adding more money to their Robinhood account every 6 months.
More...
May I suggest you show your wife and her sister this:

"Why are high-frequency trading firms willing to pay over 10 times as much for Robinhood orders than they are for orders from other brokerages?"
https://www.zerohedge.com/news/2018...ions-selling-users-data-high-frequencstealing
 
There's an interesting argument being made that users that go debit can countersue for RH's negligence.

Either that or declare BK. Either way given WSB's audience, both are wins.

Shoutout to @Pekelo : great minds think alike.
 
Color me not surprised. Robinhood is a gambling app, not a serious broker. It looked like they might have been getting their sh*t together after the "checking account" blunder, but evidently that amounted to hiring a bunch of lawyers and lobbyists rather than folks with experience trading, or actually running a brokerage.

No reason at all to have a single cent deposited with them.
 
Maverick2608 said:
May I suggest you show your wife and her sister this:

"Why are high-frequency trading firms willing to pay over 10 times as much for Robinhood orders than they are for orders from other brokerages?"
https://www.zerohedge.com/news/2018...ions-selling-users-data-high-frequencstealing
More...


They neither care nor understand this.
While they laugh at me when sometimes I’m telling them about my orders and they try to copy me but get their fills first or get fills at all while I can’t.
I seriously would consider Robinhood just for better fills. Whether it’s their internal pool or Citadel’s, I witnessed better fills on Robinhood several times. However, I did not pay attention when my fills at IB were better. I only get laughed at when I cannot get my orders filled but robinhood users can.
 
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