Earlier quoted context omitted.
Not sure about others but Ameritrade is charging $.65 per option trade and that's almost nothing - https://www.tdameritrade.com/pricing.page
That's not per trade, that's per contract .
Massive difference.
Robinhood Files S-1
41–50 of 56 posts
Re: Robinhood Files S-1
#42Will the app block shorting robinhood? Does robinhood automatically take the long position?
Can they 'insider' trade based on knowledge of their customers positions on themselves and knowledge of their own upcoming financial results? Seems like ripe for shenanigans.
Re: Robinhood Files S-1
#43Get a real broker. And if you are trading on your phone, you are probably doing it wrong. (Feel free to vote me down).
Re: Robinhood Files S-1
#44Earlier quoted context omitted.
I don't get this fascination with their UI. The charts are terrible (other than looking cool) and the current holdings list sucks. It is as if it is written for people allergic to information density.
I don't understand what you mean about their charts, my regular broker has no real time charts at all, and the charts they do provide leave a lot to be desired. RH chart's also allows you to jump between day/week/3 month/etc and get a summary of performance within those ranges (which would normally be tabular data). Plus you can mouse hover over the history to get spot pricing on that date. High information density h…
On the iPhone app their charts look like this retrowave sci-fi garbage, with no axis labels or meaningful markings
And your regular broker doesn't do real time charts? Uhh.... I don't know who you're talking about but if my broker lacked this I'd strongly consider switching to someone better (but not RH)
Re: Robinhood Files S-1
#45I 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…
Yeah, FIFO only is constraining. I’m definitely waiting for them to offer LIFO and Highest Cost lots
Re: Robinhood Files S-1
#46Earlier quoted context omitted.
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 don't get this fascination with their UI. The charts are terrible (other than looking cool) and the current holdings list sucks. It is as if it is written for people allergic to information density.
By far the easiest way to look at and buy options. I use Fidelity and it's a PITA!!
Re: Robinhood Files S-1
#47I 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…
Worth mentioning that if you move out all your stocks and funds from RH to another broker, they keep your account open but they deactivate trading and won't allow you to reactivate, the only option is to open a new one. I wonder if they count those "open but deactivated" accounts as part of their MAUs.
Re: Robinhood Files S-1
#48Why did you post this? Their S-1 still hasn't been publically released yet, and this news that they filed it with the SEC is from ~1 month ago.
Re: Robinhood Files S-1
#49Earlier quoted context omitted.
I would guess they gained more users than they lost. The outrage was real and obviously some users left, but at the end of the day most people will still use whatever platform is easiest and cheapest for them.
Wait why are you assuming they gained more than lost? OP also mentioned that other places have $0 trades anyway in terms of the cheapness.
Any news is good news. They gained a surge of users when they had that huge outage when COVID first hit. People overestimate the degree to which anyone cares about the controversy, and underestimate the degree to which it's free advertising.
Re: Robinhood Files S-1
#50Get a real broker. And if you are trading on your phone, you are probably doing it wrong. (Feel free to vote me down).
Why am I doing it wrong?