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Thread: Online Trading - Robinhood

  1. Default Online Trading - Robinhood

    Does anyone else use Robinhood for casual (or not so casual) trading?

    I've been using it for a little while now - I don't have a ton of experience, I've never used E-Trade or anything else, but so far I'm enjoying it. It's clean, intuitive, and I had no trouble getting things set up.
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  3. #2
    Quote Originally Posted by Zenak View Post
    Does anyone else use Robinhood for casual (or not so casual) trading?

    I've been using it for a little while now - I don't have a ton of experience, I've never used E-Trade or anything else, but so far I'm enjoying it. It's clean, intuitive, and I had no trouble getting things set up.
    IMO, the worst trading platform you could choose. You can get locked into (or out of positions), a short-term trader's worst nightmare when a stock is moving quickly. All I ever hear from other traders is complaints about this.

    And, the RobinHood Reddit discussion forums are infested with scam artists, bunkos, and total noobs, which is probably a further indicator of the overall sophistication of their product.

    I have TD Ameritrade's ThinkorSwim standalone platform, it's pretty goddam slick, so I'm willing to pay the slightly higher fees they charge on options. Being the total degenerate gambler I am, I'm mainly a part-time options trader, as I find equity trading too dull. I like putting out $500, with a chance to make several times that amount (or lose it all, which does happen, you just have to roll with it).

    We should have a thread on here for best/worst all-time trades - I have some doozies to tell, on both the winning and losing end. Just as a teaser, years ago before getting into options, I bought 100,000 shares of a micro-cap for $0.007 a share and sold them later for $0.02, and I thought I had made a hell of a good trade. And, then, I watched that goddam miserab of a stock rise from $0.02 to $0.05, to $ 0.10 to $0,20, and onward.....it didn't stop until it hit $0.45. Do the math, I pissed away a chance at $45,000 for a whopping $700 investment. I kicked my own ass for months after that one.

    Anyway, back to being sick, and hitting the re-fresh key on my USPS tracking page, woowhoo, life is great.
    Drug criminalization is modern-day slavery.

  4. Interesting. I have heard about their day trading blocks. I'm not one to look to buy and sell in a short term, yet. I suppose if/when I get there I'll be paying someplace else for that privilege.

    Thanks for the feedback!

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