Robinhood reports outage as markets rebound

Post by Jommi » Mon, Mar 02, 2020, 10:37 PM UTC

Der_Einzige wrote: post #69

nostromo wrote: post #16

Reading Reddit's WallStreetBets has been unintentionally hilarious. https://www.reddit.com/r/wallstreetbets/ Folks were leveraging up all last week and buying puts, thinking the market was tanking to zero and we're all going to die of "beer virus" as they call it -- and are getting a harsh lesson about timing the market today. They’ve been giving so much leverage to broke young people, I wouldn’t even be surprised to…

Long term puts (at least 2 weeks out) on the market are the safest investment that you could possibly make. The market recovery today is a dead cat bounce. Mark my words I guarantee you that I will be right about this

Post by notyourday » Mon, Mar 02, 2020, 10:43 PM UTC

ceedan wrote: post #46

sjc33 wrote: post #22

My theory is that this was a leap year bug.

Or because Sunday starts daylight savings time.

Post by [deleted] » Mon, Mar 02, 2020, 10:48 PM UTC

sjc33 wrote: post #22

My theory is that this was a leap year bug.

Post by [deleted] » Mon, Mar 02, 2020, 10:49 PM UTC

nodesocket wrote: post #55

nostromo wrote: post #16

Reading Reddit's WallStreetBets has been unintentionally hilarious. https://www.reddit.com/r/wallstreetbets/ Folks were leveraging up all last week and buying puts, thinking the market was tanking to zero and we're all going to die of "beer virus" as they call it -- and are getting a harsh lesson about timing the market today. They’ve been giving so much leverage to broke young people, I wouldn’t even be surprised to…

I see a bunch of comments of people saying I lost $x amount because of the outage, however I wonder if that's actually true. It's much easier to say I was going to do x when doing x was unavailable.

Post by bostonfincs » Mon, Mar 02, 2020, 10:56 PM UTC

inferiorhuman wrote: post #26

sjc33 wrote: post #6

I just got an email from Robinhood support on the outage, half an hour before markets close. I don't actively use RH as my main brokerage so not a big deal to me, but obviously this is unacceptable. Don't recall any other online brokerage suffering an outage like this. Suffice to say this throws cold water on any mystic around Robinhood having better tech that any incumbent.

Don't recall any other online brokerage suffering an outage like this. Brokerage firms have outages with surprising regularity. I remember Sharebuilder being particularly bad, but Vanguard was down for a bit last week. A whole day though is pretty spectacular.