331–340 of 394 posts
Nice, now hopefully they can deliver on a public API, short selling, and a desktop app.
Not sure exactly what you're looking for in a Robinhood API, but I work for a company that provides a brokerage API (the sort of API that would power a Robinhood-type product). Might be relevant: https://www.thirdparty.com We've got quite a few things on the roadmap that exceed Robinhood's offering.
“But ‘how are you going to make money long-term?’ has been a question mark” Bhatt says. Gold has answered that question.” A Gold subscription lets users borrow up to double the money in their account to trade on margin with leverage Wow, so that's effectively opening up new easy to get credit vehicles for unsophisticated investors. How could that go wrong? Even if you are a professional trader you'll take a bath on m…
The same principle can be applied as well to stock investments. Obviously a 9x leverage would be too risky for stocks, but a 1x leverage is reasonable and can easily lead to win-win outcomes for both lenders and investors.
If you're worried that unsophisticated investors can misuse this feature - there's nothing stopping such investors from putting all their money into a single penny stock either.
This is gambling for almost all users, and yes I used robinhood for a couple trades. Use https://stockfuse.com and you won't actually lose your money.
that link kills the back button. also, you can't make money so why bother
My understanding is that if you trade through a platform like this, that's monetizing through order flow, you're getting screwed by HFTs. I.e. AFAIK Robinhood doesn't need to be selling the data to HFTs (which they don't do), for you to get screwed by them. Anyone here in the space who can quantify the "hidden" cost you incur because of more sophisticated traders trading against you? It feels like working with a brok…
Day trading is hazardous to your health and your wealth and more-so with the increase in HFTs. But the buy and hold for long-term strategy works very well. Use limit orders and you won't be paying any "hidden" costs. For example, Lets say you put in a Market Order for 1 share of GOOG. Currently the price per share is about $900. It could fill immediately at $900, or it could fill immediately at $930 with that $30 pre…
I've been using Robinhood for the past year and made a 14% return which amounted to an extra $1500 in my pocket that I wouldn't otherwise have. There is so much negativity surrounding Robinhood here and I think it's coming from speculative people who haven't actually used Robinhood and can't assess it empirically. They charge _0_ fees. What's so anti-robinhood about that? If you're concerned about them making money o…
Enticing millenials to "trade" individual stocks is quite possibly the most anti- Robinhood thing I can think of. The only thing more ironic would be to encourage them to take on margin...which as it turns out is literally Robinhood's business model. 99% of users on the platform will ulimately end up participating in a direct transfer of their own wealth to a more sophisticated trader or algo (i.e. The banks and hedg…
Why Vanguard? Why not buy SPY through Robinhood? Same index fund, except no commission.
Enticing millenials to "trade" individual stocks is quite possibly the most anti- Robinhood thing I can think of. The only thing more ironic would be to encourage them to take on margin...which as it turns out is literally Robinhood's business model. 99% of users on the platform will ulimately end up participating in a direct transfer of their own wealth to a more sophisticated trader or algo (i.e. The banks and hedg…
> take your money to Vanguard instead and buy some index funds Why Vanguard? Why not buy SPY through Robinhood? Same index fund, except no commission.
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This comment is so wrong I don't even know where to begin.
What a condescending response. How is it wrong? Look at VFINX for example: - VFINX is up 72% in 10 years. AMZN for example is up 1220% in the same 10 years. - VFINX is up 72% in 5 years. XIV is up 530% in the same 5 years.
That's like looking up last night's lottery numbers and picking them for tonight's ticket because they won last time.
It's not hard to find stocks that have done well.
It's hard to find stocks that will do well, and do better than the market as a whole, and to never make a mistake and pick one that goes bankrupt.
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I use Robinhood for passive funds. VOO, VYM, UPRO, SHY, etc.
Nice, I would probably use it the same way. Would you know if Robinhood supports pre-authorized purchase plans? For example the ability to buy x shares of VOO on the first day of each month automatically? I didn't see anything on the FAQ but maybe I missed it. Pre-authorized purchase plans + no commissions could be interesting.
I'll try to do a blog post when I get the chance.