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Robinhood

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Thread replies: 25
Thread images: 1

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What do you guys think of Robinhood, do you use it?
>>
>>2213906
everyone here uses it
its what poorfags use
>>
>>2213906

its easy to use for noobies
its aesthetic
charts are shit
can't buy options
if you are trading with a lot of money, the fees of other brokers are probably worth it
>>
>>2213906

>a crypto thread had to die for this
>>
Wow holy shit this means crypto threads have bumped off /rgt/

WE'VE BEAT THE LAST STRAGGLERS
CRYPTO HAVE ACQUIRED ALL THE BOARD'S TERRITORY

What board do we take over next?
>>
>>2213906
What fees does robinhood have?
>>
>>2213970
so far from what i've see n none. im a little reluctant to sign up tho. i feel a little autistic i dont wanna put in my personal info
>>
>>2213978
I made like, $1800 off shitty plus500, but their fees are fucking HUGE, something like 10%+ so if you put down $1000 you're already out of pocket $300 which is fucking shit.

I could've made so much more if the fees weren't so garbage.
>>
>>2213978
Oh I'm 59,000th in line.

Fuckin' hell.
>>
>>2214018
idk what this means. also there could be fees i just know their whole philosophy or whatever you wanna call it is that they make it as free as possible on trades and shit. might have to pay for features
>>
>>2213906
Needs Android or iOS, retarded.
>>
0 fees

Your money just takes longer to settle
>>
>>2214038
That's literally 98% of all smart phones.
>>
>>2214038
what do u use on ur desktop, IB?
>>
>>2214056
windows ME
why
>>
>>2213906
Honestly, my feelings on robinhood are pretty mixed

I like to swing / day trade high volatility stocks. The fact that robinhood is only through mobile is a big problem, and their interface isn't terribly efficient. This means that setting limit orders takes such a long time that trying to short term price movements. The alternative is a market order, but that has burned me many times.

It's fine for longer term holds, but if you're not making a lot of trades, then saving on commission is even less of a deal. The fees only add up when making tons of trades, but robinhood makes it difficult to do that.

Also the graphs are terrible. And it would be nice if you could set both a limit sell and a stop loss at the same time for a stock (i.e. sell if it increases by $5, or sell if it decreases by $3)
>>
>>2214067
>a long time that trying to short term price movements
meant to say
>that trying to capture short term price movements is extremely difficult
>>
>>2214061
screenshot pls
>>
>>2214067
If all you're trying to do is take advantage of their service, you can reverse engineer their app and emulate their API calls on PC. Doesn't matter what kind of secret encrypted handshake bullshit they're doing if they open their client to the public.
>>
>>2214729
Also every mobile OS (except iOS, but especially Windows Mobile) has desktop support, and every Android app can be emulated through Bluestacks.
If the problem is that you need a mouse and a keyboard, you should honestly just git gud.
>>
>>2214061
Lol
>>
I had the service crash last year and lost lots of cash

I use E-Trade and IB now. As my trading has matured I'm fine paying fees for security of mind

Also I can short garbage stocks
>>
>>2214815
what about thinkorswim?
>>
>>2214729

https://hoodtrader.com
>>
I really wish we'd have something like this in the EU

Fuck brookers and fuck their fees.
Thread posts: 25
Thread images: 1


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