Advantage: no overnight gaps anymore with those tickers trading 24h/d.
Daytraders don't need to close their positions at close of the RMH.
Daytraders don't need to close their positions at close of the RMH.
Robinhood to Launch 24-Hour Trading on Weekdays in Stocks and ETFs
- Thread starter ETJ
- Start date
Strange ...
Why does HOOD bother to earn just an extra penny?
Think BIG!
Go Launch Asian Stocks, Europeans stocks.
Then you will have 24-hour coverage !!!!
HOOD has dropped from 85 to 9 in 2 years.
Who knows, it might be 0.01 soon.
Think SMALL and you earn SMALL.
Think BIG and you earn BIG.
Why does HOOD bother to earn just an extra penny?
Think BIG!
Go Launch Asian Stocks, Europeans stocks.
Then you will have 24-hour coverage !!!!
HOOD has dropped from 85 to 9 in 2 years.
Who knows, it might be 0.01 soon.
Think SMALL and you earn SMALL.
Think BIG and you earn BIG.
This is not a big advancement. Most well run firms have allowed for a long time trading from 7 AM EST. The fact that they did not allow trading from 7to 8 am speaks for itself. Furthermore limiting the number of stocks and etfs makes this addition a non-starter.
People have not forgotten how Robinhood policy on meme stocks like GME screwed investors and traders.
It has lost the cool factor among millennials. My guess is that it is continuing to hemorrhage accounts to solid firms like Schwab and Interactive brokers.
People have not forgotten how Robinhood policy on meme stocks like GME screwed investors and traders.
It has lost the cool factor among millennials. My guess is that it is continuing to hemorrhage accounts to solid firms like Schwab and Interactive brokers.
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" As a safeguard, Robinhood customers trading overnight will only be able to place limit orders—in which the investor specifies a maximum price to buy or a minimum price to sell—and not riskier market orders".
Whoever wrote this article doesn't know industry practice. There is no firm that allows market orders in the after session hour.
Whoever wrote this article doesn't know industry practice. There is no firm that allows market orders in the after session hour.
"Everything else is just noise and manipulation"
Nonsense. Stocks in the news trade millions of shares in the pre-market with penny spreads.
It serves your right to lose for either trading thinly instruments or extremely volatile indexes.
You need to improve your risk management skills.
I trade ES/NQ micros how are they thinly instruments or extremely volatile indexes? Are you suggesting anyone trading ES/NQ has poor risk management? Also, why do you assume I have poor risk management just from that comment? I stay away from overnight sessions when price action is choppy/erractic from past experiences so I do not like the idea of stocks running 24/7. (Not like it really matters to me since I don't even trade stocks.)
Also, yes, I did not make it very clear but I was referring mostly to the overnight sesh between 8pm-4am
I am open to constructive criticism but at least make some sense otherwise it just sounds rudely given without merit.
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Futures too:
In March, we applied for a Futures Commission Merchant license and, if approved on a typical timeline, we expect to launch futures trading by the end of 2023
https://investors.robinhood.com/new...ports-First-Quarter-2023-Results/default.aspx
Here was your constructive criticism
"Everything else is just noise and manipulation"
"Nonsense. Stocks in the news trade millions of shares in the pre-market with penny spreads."
Nonsense They also trade in the after market with penny spreads if there is important news.