Stocks

[cgr]

can someone post the full article?

In a nutshell:
The $5 to $10 you'd "save" on commissions by not going with other brokers, you'd lose when executing a Robinhood trade because your order would execute at .01-.02 higher than they would on a faster platform. Obviously the bigger the order the bigger the loss, and the more you'd save by going with a reputable broker.

[Der Deutsche Jude]

In a nutshell:
The $5 to $10 you'd "save" on commissions by not going with other brokers, you'd lose when executing a Robinhood trade because your order would execute at .01-.02 higher than they would on a faster platform. Obviously the bigger the order the bigger the loss, and the more you'd save by going with a reputable broker.

Wouldnt that work in both ways though? Sometimes a sale will execute at a lower price, no?

[Mordyk]

In a nutshell:
The $5 to $10 you'd "save" on commissions by not going with other brokers, you'd lose when executing a Robinhood trade because your order would execute at .01-.02 higher than they would on a faster platform. Obviously the bigger the order the bigger the loss, and the more you'd save by going with a reputable broker.

and if price goes down then you save by using robinhood.  delay works both ways

[grodnoking]

How often can I buy/sell the same stock on Ameritrade without getting shut down?

[haltkup]

and if price goes down then you save by using robinhood.  delay works both ways

not true ..its order of execution. if their is buying pressure the normal trading accounts will execute and then RH at a higher price. if the market feels sell pressure RH will pay first clearing out the higher bids and then other traders will get it cheaper...

[Luvisrael]

I have a bunch of friends who felt good about themselves for not just installing Robin hood rather making a TD acct like "real investors "

RH is a real investment account.

[cgr]

How often can I buy/sell the same stock on Ameritrade without getting shut down?

If you have less than 25k, you're bound by the day trading rules. BE CAREFUL if this applies to you.
https://tickertape.tdameritrade.com/trading/avoid-violating-pattern-day-trader-rule-18005

[ExGingi]

In a nutshell:
The $5 to $10 you'd "save" on commissions by not going with other brokers, you'd lose when executing a Robinhood trade because your order would execute at .01-.02 higher than they would on a faster platform. Obviously the bigger the order the bigger the loss, and the more you'd save by going with a reputable broker.

How many Hoodies are entering market orders? How many use (trailing) stop-loss.

[cgr]

How many Hoodies are entering market orders? How many use (trailing) stop-loss.

That doesn't fix the issue- if you put in a limit buy order for $1 on TD/Schwab/Fidelity it can fill at .98 or .99 if market conditions allow, while on RH it'll fill at $1...

[ilherman]

How often can I buy/sell the same stock on Ameritrade without getting shut down?

If your balance is over 25k? There is no limit.

[haltkup]

If your balance is over 25k? There is no limit.

1. it has to be a margin account
2. 25K must be cleared at the beginning of trading day. trades usually take 2 days to clear

https://www.sec.gov/investor/alerts/daytrading.pdf

[miles lover]

That doesn't fix the issue- if you put in a limit buy order for $1 on TD/Schwab/Fidelity it can fill at .98 or .99 if market conditions allow, while on RH it'll fill at $1...

What happens to that extra money .01-.02 ? Robinhood pockets it ?

[ilherman]

WHAT THE HELL

INVVY

What's up with this stock? It's going up a dollar per minute.

What's up with it?

OMG.

Its the day of the month. Same thing happening now again. Free money.

Play carefull!

[Abey]

just putting this up here as a PSA https://twitter.com/BillBrewsterSCG/status/1271802132979748866

[stooges44]

just putting this up here as a PSA https://twitter.com/BillBrewsterSCG/status/1271802132979748866

go straight to the top of the chain... https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance

[ExGingi]

https://twitter.com/CNBCFastMoney/status/1273368561663254528

[Luvisrael]

Check out UONE

[ExGingi]

I can't see how this doesn't end up in tears.



This sounds so reminiscent of the dot com bubble, when day trading was how everyone planned on quitting their jobs. Only difference is that now they are forced to stay home, so they pick up this activity.


And it's not only on Robinhood.



Notice the second to last item on that list. That is a highly toxic product and should not be touched by amateurs.

[Der Deutsche Jude]

Check out UONE

Doesnt seem like they trade options 

[ExGingi]

Notice the second to last item on that list. That is a highly toxic product and should not be touched by amateurs.

...AND....

https://twitter.com/vol_christopher/status/1275091714596835334