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Robinhood Is Down Again?

status.robinhood.com

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Re: Robinhood Is Down Again?

#41

Post by lsiunsuex »

JumpCrisscross wrote: post #25
paulgb wrote: post #21

Earlier quoted context omitted.

Investing under $1000, especially with commission-free trades, is a good way to learn the basics mechanics of stock trading.

> Investing under $1000, especially with commission-free trades, is a good way to learn the basics mechanics of stock trading Individual investors are at a huge disadvantage when it comes to intraday trading. For everything other than a child's hobby account, intended to teach emotional stability through gains and losses, a <$1,000 stock-trading account is value destroying.

so again

you want me to risk > $1000 when I don't know what I'm doing with a real brokerage that I don't know what their benefit is over something like Robinhood because.... ?

I'm willing to loose a couple hundred to learn and understand something vs giving someone I don't know thousands and "trusting" their opinion.

More so - testing the waters myself may not make me as good as someone who does this for a living - but maybe after a few hundred and a few months, at least I have a better understanding of what a real brokerage tells me to buy than to just blindly say take my money and quadruple it.

Re: Robinhood Is Down Again?

#43

Post by tedunangst »

paulgb wrote: post #21
crystaldev wrote: post #17

Earlier quoted context omitted.

Trading with < $1000 is an utter waste of your time. Interactive Brokers has a $10k lower account limit for your own good.

Investing under $1000, especially with commission-free trades, is a good way to learn the basics mechanics of stock trading.

A free paper trading account seems more useful for that.

Re: Robinhood Is Down Again?

#44

Post by ewheeler »

bob1029 wrote: post #29
eshyong wrote: post #22

Earlier quoted context omitted.

That was probably a joke, see Robinhood's reply: https://twitter.com/AskRobinhood/status/1234861941413351434 Seems like infra problems.

It's starting to seem like they use some sort of message bus to tie everything together. If the servers actually processing messages can't handle the volume, the entire show comes grinding to a halt. I've seen similar things in other industries where the entire system looks like its perfectly healthy, and then before you know it 100% of your systems are down because you simply can't push peak message volume or becaus…

Correct, here is their Kafka-based stream processing package that presumably ties everything together: https://faust.readthedocs.io/en/latest/

Re: Robinhood Is Down Again?

#46

Post by matwood »

lsiunsuex wrote: post #7
toomuchtodo wrote: post #3

Please move to a real brokerage if you use Robinhood! > Why? EDIT: Because their systems are garbage and their support non-existent. You can do better literally anywhere else (Fidelity, Schwab, Interactive Brokers).

Why ? Somewhat serious question - what will a real brokerage offer me on my tiny ( Blanket statement like that without reason would equal please switch to self hosting git instead of using github.com cause it went down last week or so - both have their purpose / skill level / cost associated with them. So a 3rd party app went down for a bit. Happens often (as most of us know)

As someone else alluded to, so you don't have to move later as you grow. Moving isn't the end of the world (although from what I understand RH charges $75), but it's just one more thing that's annoying to do.

If you want to use one of the better tools, see TDA with ToS. Schwab has great service and is a great bank for a one stop shop kind of experience. IB is one of the least expensive ways to trade if you meet their minimums.

RH OTOH has shown time and again they play a bit too fast and loose for comfort when money is involved. They have had to pull their entry into banking a couple of times now. The app seems to have issues at the worst times. From what I have read, support is abysmal. Not someone I want to deal with when it comes to my money.

Re: Robinhood Is Down Again?

#47

Post by kyleblarson »

spectramax wrote: post #39
kyleblarson wrote: post #32

Given the sorts of positions RH has allowed the wallstreetbets crowd to put on I would not put 5 bucks onto the platform.

I actually don't think any sort of gatekeeping to do whatever the hell you want to do with your money is the broker's business. Sure, don't allow naked calls and other margin shenanigans, but for the most part - these are fully functional adults - if they decide to gamble with their money, so be it. Let them do it.

I tend to agree with allowing people to do whatever they want with their own money, but I just cant picture a broker like IB for example allowing this sort of thing without much more serious vetting of the client.

Re: Robinhood Is Down Again?

#48

Post by kcommam »

Related: I noticed Vanguard's site was having trouble handling requests last week. It was generally slow and would frequently error out or log out. The site is running well now and it appears at least part of the solution was to switch back to a previous version of the UI. Maybe two years ago they switched to a more responsive, web 2.0-ish interface (which, to my eyes, significantly reduce the information density of their pages in favor of large text and looser spacing). This says to me that someone implemented a poorly performing UI on top of a well-performing backend. Would be interesting, though unlikely, to get a technical response from Vanguard on what happened.

My company's 401(k) provider's site was also experiencing significant issues. Seems like last week would have been a fun one to be a system administrator in the investment/brokerage sector.

Re: Robinhood Is Down Again?

#49

Post by ndynan »

eden_hazard wrote: post #36

I'm a QA engineer and this is freaking infuriating. I just went on Linkedin and 0 QA engineers. Just some QA associates that have no tech backgrounds. And one QA Engineer opening. I wonder how long it's been open? How does a trading platform not have a big team of QA engineers? Some dev managers, devs are so freaking arrogant. They think since they aren't coding, they aren't smart and they aren't important. This isn'…

Often it's not dev managers, but a level above who don't prioritize QA engineering because they see it as a cost center and find it difficult to quantify the risk. If it's not leading to growth it is de-prioritized until fires are burning.

Re: Robinhood Is Down Again?

#50

Post by tomashertus »

eden_hazard wrote: post #36

I'm a QA engineer and this is freaking infuriating. I just went on Linkedin and 0 QA engineers. Just some QA associates that have no tech backgrounds. And one QA Engineer opening. I wonder how long it's been open? How does a trading platform not have a big team of QA engineers? Some dev managers, devs are so freaking arrogant. They think since they aren't coding, they aren't smart and they aren't important. This isn'…

If that's the case there is no excuse for it.

What's wrong with people who think that they can have SDLC without a proper QA? I've seen this many times in the SV. Developers thinks that QA is just waste of time and their stellar code doesn't need any testing, because: "Hey, if something goes wrong I can always roll back". I don't buy it.

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