*spits out beverage*
What!?! There was a kiosk glitch that gave out free 1/4 pounders? Damn, missed it!
Looking into Robinhood Traders - what makes them so special...
- Thread starter TimtheEnchanter
- Start date
*spits out beverage*
What!?! There was a kiosk glitch that gave out free 1/4 pounders? Damn, missed it!
most robinhood players think the market is regulated by the gov't or SEC and legit. which it is not.and think it's not rigged
they have no experience is known as new blood for the vampires and algos. in the mean streets.
a sucker is born every minute. 1/5 of clients die.too. and leave the game so the markets needs new money and new suckers.\ to feed the beast. the market is the beast.
they have no experience is known as new blood for the vampires and algos. in the mean streets.
a sucker is born every minute. 1/5 of clients die.too. and leave the game so the markets needs new money and new suckers.\ to feed the beast. the market is the beast.
That's not a free 1/4 pounder glitch. They got bread, condiments, and a hamburger for free. And that hamburger is not a quarter pounder.
The -$0.10 thing is neat.
P.S. The most disturbing thing about this video is how it has now gone from "Mickey-Ds" to "Maccas". Frak, man.
I've been wondering the same about those who use Robinhood. Initially it was the 30 year old millennials still living with mommy and daddy who call stocks "stonks" and didnt want to pay $5 commissions as that ate up 30% of their account balance in a single trade.
But now every broker offers zero commissions and the UI blows Robinhood out of the water. Robinhood has no competitive advantage over other more established brokers except for one thing: they have a low IQ clientele base that are afraid to step outside of the only thing they know. On RH it's Candyland and the other brokers are Chess.
It's one thing to drop a hondo or 2 on RH and game it away on some longshot options hoping you hit the lottery, but going to an established "grown up broker" is probably some next level chit they are not ready to deal with. RH is like a cult whose base consists of YOLO degens on places like r/wallstreetbets.
To them places like Charles Shwab are stuffy old folk places. RH is trendy and caters to who they are, at least, that's my take.
They were special when they were the only broker catering to very small traders and the only broker offering zero commissions and really, the only realistic avenue for trading by someone with little knowledge and zero experience. They are not in any way special, now. Well, maybe in the sense of "special ed" special.
I think it was a great concept, and a timely one. Still relevant to a certain demographic, just not to mainstream traders or investors.
If not for RH, we would all still be paying commish on every trade. I know there is a lot of "Get off my lawn!" mentality among some members here, and those members will bellow with indignant outrage at this remark, but even those of us who would NEVER open an account at RH still owe them guys a little gratitude. And I little doubt that there are some members here trading with a reasonable degree of success who started out with a $1k RH account.
I think it was a great concept, and a timely one. Still relevant to a certain demographic, just not to mainstream traders or investors.
If not for RH, we would all still be paying commish on every trade. I know there is a lot of "Get off my lawn!" mentality among some members here, and those members will bellow with indignant outrage at this remark, but even those of us who would NEVER open an account at RH still owe them guys a little gratitude. And I little doubt that there are some members here trading with a reasonable degree of success who started out with a $1k RH account.
You see, a no knowledge, small account trader on RH is understandable. That was the only place that let him trade. But they have a bunch of guys with 500K plus accounts, who can't even call the help desk when the UI froze to get them out of position.
Those are the real enigma, why are they still on RH?
Those are the real enigma, why are they still on RH?
Indeed. RH is definitely something that most folks would grow out of in time, and a large account would find a better home elsewhere.
Totally forgot about IB
And yes I agree with you on that. Margin and timing need some improvement