didn't this happen a month ago - https://news.ycombinator.com/item?id=26561321
Oops I never saw another post on the YC forum regarding this
Robinhood Files S-1
51–56 of 56 posts
Re: Robinhood Files S-1
#52Why 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.
I wasn’t able to find another post on HN regarding their announcement
Re: Robinhood Files S-1
#53Earlier 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.
It's simple, fast, and at least back when I used it, was reasonably consistent. I'm all for information density, but using Schwab, Vanguard, whatever results in slow to load pages which refresh every time I click a button. Half the pages look completely different than the other half of the pages, I use ctrl-f to find any buttons to click, and sometimes pages just don't load because they don't feel like it. Banking we…
Schwab executes my trades as they should and I don't have to worry about them lying about liquidity problems. Vlad was a complete disaster during the congressional testimonies.
He got obliterated on his suggestion that they have suicide support (A rep called the support hotline and it went straight to voicemail). He said "I admit to always improving". Was extremely shady if there was no wrongdoing.
Chamath said "I remember when I met the @RobinhoodApp founders when they were raising their Seed, Series A and Series B. I passed. Why? Optimize for integrity whenever possible because integrity compounds and assholes will fuck you." [1]
I think we'll find out a lot more about Vlad and his operation in the near future. I do not wish them luck on their IPO.
Re: Robinhood Files S-1
#54Earlier quoted context omitted.
It's simple, fast, and at least back when I used it, was reasonably consistent. I'm all for information density, but using Schwab, Vanguard, whatever results in slow to load pages which refresh every time I click a button. Half the pages look completely different than the other half of the pages, I use ctrl-f to find any buttons to click, and sometimes pages just don't load because they don't feel like it. Banking we…
Schwab executes my trades as they should and I don't have to worry about them lying about liquidity problems. Vlad was a complete disaster during the congressional testimonies. He got obliterated on his suggestion that they have suicide support (A rep called the support hotline and it went straight to voicemail). He said "I admit to always improving". Was extremely shady if there was no wrongdoing. Chamath said "I re…
I don't think parent was saying Robinhood was good at executing trades, just that its UI was more functional than other brokers'.
Re: Robinhood Files S-1
#55Get 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?
What are you trying to achieve?
Either you do buy and hold or you do trigger trading (expecting good sales, acquisition announcement etc.) or you do HFT. I doubt that you are able to do HFT. I know some people that are extremely successful with the first two. So what is left?
Trading too much. And very likely you are doing this on your phone. How often do you check the ticker? The answer will give you a good idea about what you are doing.
Re: Robinhood Files S-1
#56Earlier quoted context omitted.
Why am I doing it wrong?
What are you trying to achieve? Either you do buy and hold or you do trigger trading (expecting good sales, acquisition announcement etc.) or you do HFT. I doubt that you are able to do HFT. I know some people that are extremely successful with the first two. So what is left? Trading too much. And very likely you are doing this on your phone. How often do you check the ticker? The answer will give you a good idea abo…
I buy stocks every month (of what I can “miss”) and do that via an app. I wonder why that is “the wrong way”?