We proudly call it "free market" in the USA, what a joke. Same goes for 'free speech' which was proven not to be true by big tech. USA is run by monopolies and powerful people.
Transfer Stocks Out of Your Robinhood Account
101–110 of 270 posts
Re: Transfer Stocks Out of Your Robinhood Account
#102Earlier quoted context omitted.
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.
Except it's nothing like that because it directly caused their users to lose hundreds of thousands of dollars of unrealized gains.
Gains from a hypothetical buy and subsequent sell that never happens? That’s way too big a stretch, and makes no sense.
Re: Transfer Stocks Out of Your Robinhood Account
#103RobinHood has served the purpose of getting the other "real" brokerages to eliminate fees on trades. Now that they're not the only discount show in town, and given their track record of anti-user behavior, it's past time to move on
Re: Transfer Stocks Out of Your Robinhood Account
#104How does one of these transfers of stock work from a technical perspective? Is it all just paper transfers that are physically sent in the mail, or is there some kind of digital backing that can be transferred like crypto?
Re: Transfer Stocks Out of Your Robinhood Account
#105Earlier quoted context omitted.
Should the IB execs & TD Ameritrade execs be charged too? What about APEX clearing which enforced this rule with all of their customers?
I don’t believe it was enforced across the board. I have yet to see a list but TastyWorks is an APEX customer and there were no restrictions put in place that I’m aware of. Surely there will be a compiled list of offenders and they will likely include the most heavily used retail “app brokers”.
Can’t confirm first hand but there were definitely reports of TastyWorks halting GME https://www.reddit.com/r/wallstreetbets/comments/l70ysa/tast...
Re: Transfer Stocks Out of Your Robinhood Account
#106Earlier quoted context omitted.
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.
Except it's nothing like that because it directly caused their users to lose hundreds of thousands of dollars of unrealized gains.
RH prevented users from closing positions and realizing gains?
Re: Transfer Stocks Out of Your Robinhood Account
#107there is a lot of misinformation out there about what happened today. its starting to to look like this all happened due to default concerns and the resulting changes in necessary collateral. I have no skin in this game (neither GME or Robinhood), but lets try to stay informed and not grab pitchforks based on non proven allegations.
Robinhood lost trust when they initially lied to their investors about why buying was halted. (Saying they cared about the little guy and these stocks were too volatile for them to handle) Then they came out and said it was a liquidity issue. If it was simply a liquidity issue, why weren't just margin orders halted? Why did they stop people with cash in their hand from buying stock? None of Robinhood's statements pro…
> Citadel bailed out Melvin who illegally naked shorted 150% of the float
Yeah. Misinformation.
#1. Melvin seems to have held a significant number of puts as far as I can tell.
#2. Even if they were stupid enough to short 150% of the available shares, I don't believe there's anything illegal about that.
Re: Transfer Stocks Out of Your Robinhood Account
#108Earlier quoted context omitted.
I don’t believe it was enforced across the board. I have yet to see a list but TastyWorks is an APEX customer and there were no restrictions put in place that I’m aware of. Surely there will be a compiled list of offenders and they will likely include the most heavily used retail “app brokers”.
Can’t confirm first hand but there were definitely reports of TastyWorks halting GME https://www.reddit.com/r/wallstreetbets/comments/l70ysa/tast...
Thanks for the link. “Halted” doesn’t mean blocked though. Maybe bad wording by the OP on that thread. It was halted multiple times this week throughout each day. Multiple short interest stocks were many times.
Looks like it was briefly blocked on TW, though.
Re: Transfer Stocks Out of Your Robinhood Account
#109Earlier quoted context omitted.
Should the IB execs & TD Ameritrade execs be charged too? What about APEX clearing which enforced this rule with all of their customers?
Did TD halt trading in it? I thought they only raised margin requirements, which is reasonable. You can still buy if you have the cash.
They didn’t put a blanket halt in, just dramatically raised margin requirements. I’m trying to get a feel for what risk mitigation techniques are going to be prison worthy in our new Reddit fueled future.