NO ! You still aren't getting it, although the methodology has been explained to you in detail on other threads. If you were entitled to a better execution (even on a limit order) and you didn't receive it you got screwed.
Because 49.75 is better. But don't sweat it, RH's entire business model is based on the ignorance of your above statement.I have read each explanation, but what you fail to understand is that if I place a limit order for 100 shares at $50 and get those 100 shares for $50 then what the Fu©k does it matter ...
What better execution should I be willing to get if I'm personally willing to pay the $50 a share price execution....I see the same price execution on my other broker accounts I pay a commission for when I put a limit buy order into a stock at a preferred price..
Because 49.75 is better. But don't sweat it, RH's entire business model is based on the ignorance of your above statement.
As long as you doing limit orders , RH is a great broker , but it comes down to reliability , if market starts tanking and you can't get out that 's a problem , if you trade like a lunatic , you won't make any money . so commissions don't really matter. Sometimes its better to pay higher commission and don't trade much.
It's legitimate, I have made over 200+ trades....
Haven't spent a dime...out of the 3 brokers i use, 95% of my trades this year have been through robinhood. Saved over $2000!!!! Spending even $4.95 a trade in 2018 is a complete rip-off!!!
Because 49.75 is better. But don't sweat it, RH's entire business model is based on the ignorance of your above statement.
I used to think Robinhood is useless for daytrading. But lately I have changed my mind. It's actually not bad. I have my IB up with all the charts up.
It's crazy but I use finviz(free version) and Robinhood for quick in and out scalp on Robinhood. seems to work...
Because 49.75 is better. But don't sweat it, RH's entire business model is based on the ignorance of your above statement.
Not a RH fan but how do you get a better fill on a resting limit order sitting on an exchange.
Robinhood told me I saved $2303 in commissions in 2018! I'm not sure how they calculated it. Probably based on expensive brokers. Nevertheless, it's good savings!