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re: Robinhood app

Posted on 3/3/15 at 10:12 am to
Posted by studentsect
Member since Jan 2004
2271 posts
Posted on 3/3/15 at 10:12 am to
quote:

I just have a tiny amount in the account so it's no big deal if I get ripped off. I thought it was worth a shot.

Just aggravating when you buy $100 worth of something at 8:35 this morning & it goes up 20%+ after you submit your buy but the buy still hasn't gone through.


I only do limit buys on Robinhood, even if my limit is the same as the current market price.

I haven't had any issues with lag in purchases, but I did notice that the "market" prices aren't always up-to-date (so I put in my buy at the price listed on a real-time source, not what Robinhood is showing as Market).
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7165 posts
Posted on 3/5/15 at 11:37 am to
quote:

Just aggravating when you buy $100 worth of something at 8:35 this morning & it goes up 20%+ after you submit your buy but the buy still hasn't gone through.


theres a lag time on robinhood in the morning. you cant actually buy anything until about 8:40-8:45 (CST). After that, orders go through instantly.

I don't know why this happens, but it does.
Posted by TDawg1313
WA
Member since Jul 2009
12316 posts
Posted on 3/5/15 at 4:46 pm to
quote:

I only do limit buys on Robinhood, even if my limit is the same as the current market price.

I haven't had any issues with lag in purchases, but I did notice that the "market" prices aren't always up-to-date (so I put in my buy at the price listed on a real-time source, not what Robinhood is showing as Market).

Exact same everything for me, word for word.

I like playing around with this app. I'm doing pretty well so far. After 9 days I'm averaging a 2.4% gain per day just by trying to time the market like someone else mentioned.
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