21–30 of 56 posts
I am interested to know what percentage of their user base they lost after the past few months. I know I personally cancelled my account with Robinhood, but I don't know if I'm in the minority or not. I just don't see the point of them anymore. Once the other trading platforms started offering $0 transactions, I saw way less value in Robinhood - then, following that, the argument was "fractional shares", which many o…
I am interested to know what percentage of their user base they lost after the past few months. I know I personally cancelled my account with Robinhood, but I don't know if I'm in the minority or not. I just don't see the point of them anymore. Once the other trading platforms started offering $0 transactions, I saw way less value in Robinhood - then, following that, the argument was "fractional shares", which many o…
Plus they only offer "First In, First Out" stock sales which can have absolutely MASSIVE tax implications. Most real brokers offer FIFO, LIFO, and most importantly specific lots.
PS - I do keep a few bucks in RH so I can continue to use their real time graphs/watchlists/options information/etc, since my normal broker's website/app has terrible UI/UX by comparison (and it isn't close). RH is known for bringing free transactions, but maybe they should be known for being the first broker with non-terrible UI.
I am interested to know what percentage of their user base they lost after the past few months. I know I personally cancelled my account with Robinhood, but I don't know if I'm in the minority or not. I just don't see the point of them anymore. Once the other trading platforms started offering $0 transactions, I saw way less value in Robinhood - then, following that, the argument was "fractional shares", which many o…
guess there is too much stupid money flying around to not file at this point in time.
I am interested to know what percentage of their user base they lost after the past few months. I know I personally cancelled my account with Robinhood, but I don't know if I'm in the minority or not. I just don't see the point of them anymore. Once the other trading platforms started offering $0 transactions, I saw way less value in Robinhood - then, following that, the argument was "fractional shares", which many o…
I moved away but not because of the GME/liquidity issues but rather their handling of 1099 tax information the last two years has been terrible (delayed, altering website to cover up their delays, and corrected both years). It is just unprofessional. Plus they only offer "First In, First Out" stock sales which can have absolutely MASSIVE tax implications. Most real brokers offer FIFO, LIFO, and most importantly speci…
I think focusing on UX really does have a big impact on adoption, as it can differentiate a company in a competitive and saturated industry.
The UI looks pretty but it's purposely confusing, for example Market Buy, Limit Buy, Market Sell and Limit Sell look almost identical and you are funneled to chose the option that makes RH most money. I even accidentally sold instead of buying and bought instead of selling but luckily I reverted the action before the price changed too much. I lost money several times because of the poor UI and was wondering what others think of their '0 commission' marketing. It is deceptive, the price to pay in RH is quite high, I think I've given them at least a few hundred a month (they've been taking).
There are other issues that I am not going to get too deep into regarding mining trading data, which apparently is how they make their big money. That is the leverage to enable the retail investors to bleed cash in the long run. I've been thinking about the parallel between Robin Hood and RobinHood(LLC), and the latter seems to me like an impostor, it is far from the legendary folkloric outlaw who was robbing the rich to give to the poor. It's quite the opposite in its intention in some ways. But I'll give them credit for priming me for trading.
Anyhow, I rolled up my command line interface for RH. I can easily do limit buys and sells, cancel all orders, and so on with the just one or two keywords while I see the real time data in front of me. The API wrapper for RH is available online for whoever is interested. I keep on improving on my scripts little by little and it's fun to program again in Python. It would be nice to script up a bot that takes advantage of small price fluctuations to generate a modest stream if income.
I am interested to know what percentage of their user base they lost after the past few months. I know I personally cancelled my account with Robinhood, but I don't know if I'm in the minority or not. I just don't see the point of them anymore. Once the other trading platforms started offering $0 transactions, I saw way less value in Robinhood - then, following that, the argument was "fractional shares", which many o…
I moved away but not because of the GME/liquidity issues but rather their handling of 1099 tax information the last two years has been terrible (delayed, altering website to cover up their delays, and corrected both years). It is just unprofessional. Plus they only offer "First In, First Out" stock sales which can have absolutely MASSIVE tax implications. Most real brokers offer FIFO, LIFO, and most importantly speci…