61–70 of 270 posts
Earlier quoted context omitted.
GME is sitting pretty at $312 after hours. What did they get saved from?
After-hours is a bad indicator. It closed today at 194. Anyone who bought shares since Wednesday morning's peak of 300 is in the red.
I'd be happy to bet you that it's a better indicator of actual price than the close.
$100 to a charity of the loser's choice that GME will open closer to $314 than $194?
Earlier quoted context omitted.
My understanding from other threads is that RH accounts default to being a margin account, and that most people don't opt-out of margin. I would never apologize for RH, I thank them for pushing mainstream retail commissions to $0, but I don't do business with them (and never have) because they don't seem to have focused on the important parts of being a brokerage.
> I thank them for pushing mainstream retail commissions to $0 This isn't a positive. Had they charged fees, they wouldn't today be doing the bidding of of their real clients.
> Commissions are way down there; in 2018, they represented a bit less than 7% of Schwab’s net revenue.
https://www.bloomberg.com/opinion/articles/2019-10-02/the-tr...
Just open an account on some real broker website like DEGIRO that does not engage in to pay for order flow like RobinHood and Trade Republic do. I can still buy GME if I want to there, although I am not doing it.
You’ll pay a fee for trading through them even if you are engaging in activity that would get you a rebate on the exchange so they are taking their cut in other ways.
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> Access to margin is not automatic to everyone, and requires you to upgrade to Gold. https://robinhood.com/us/en/support/articles/margin-overview...
A non-margin account can “Instant deposit” and begin using $1,000 immediately prior to the transaction clearing. Now, whether this is considered ‘traditional’ margin to the masses or Robinhood for the purposes of this freeze, I’m not sure.
Earlier quoted context omitted.
My understanding from other threads is that RH accounts default to being a margin account, and that most people don't opt-out of margin. I would never apologize for RH, I thank them for pushing mainstream retail commissions to $0, but I don't do business with them (and never have) because they don't seem to have focused on the important parts of being a brokerage.
> I thank them for pushing mainstream retail commissions to $0 This isn't a positive. Had they charged fees, they wouldn't today be doing the bidding of of their real clients.
I'm much happier paying $0 than $20 for the privilege of turning my compensation into cash. The spreads decreased a bit over that time too, which is also nice.
The robinhood execs that made the call to halt trading should be in jail.
Lol, it’s like saying the manager of the restaurant that took my favorite entree off the menu should be arrested. This is the main problem with Robinhood, it’s designed to attract a core audience of clueless children.
The robinhood execs that made the call to halt trading should be in jail.
Should the IB execs & TD Ameritrade execs be charged too? What about APEX clearing which enforced this rule with all of their customers?
Earlier quoted context omitted.
My understanding from other threads is that RH accounts default to being a margin account, and that most people don't opt-out of margin. I would never apologize for RH, I thank them for pushing mainstream retail commissions to $0, but I don't do business with them (and never have) because they don't seem to have focused on the important parts of being a brokerage.
> I thank them for pushing mainstream retail commissions to $0 This isn't a positive. Had they charged fees, they wouldn't today be doing the bidding of of their real clients.