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re: Robinhood app

Posted on 3/3/15 at 9:36 am to
Posted by Louie T
htx
Member since Dec 2006
36331 posts
Posted on 3/3/15 at 9:36 am to
When I'm trading stuff that's volatile, yeah. The allure for me was to be able to fiddle with volatility and goof off with attempting to time the market.

I don't want robinhood for a buy & hold, but that's what it's turning into given execution times.

I sent an email to see if there's a tangible explanation.
This post was edited on 3/3/15 at 9:41 am
Posted by STLhog
Nashville, TN
Member since Jan 2015
17739 posts
Posted on 3/3/15 at 9:47 am to
quote:

When I'm trading stuff that's volatile, yeah. The allure for me was to be able to fiddle with volatility and goof off with attempting to time the market.

I don't want robinhood for a buy & hold, but that's what it's turning into given execution times.



The whole fee-less day trading thing is kinda of a double edged sword.

I personally wouldn't trust the bandwidth of Robin Hood, let alone their fill rates for doing anything significant or an attempt at high speed.

I feel like there's probably some algo/russian sitting at a desk somewhere picking off everyone's trades making a killing.
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