re: Robinhood yay or nay

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The only downside to robinhood I’ve found is that there are less stocks and no funds.

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What do you mean by “funds” because there are a bunch of ETF’s listed, including riskier leveraged ETF’s. And they have something like 5000+ stocks and ETF’s listed and growing. And other than a limited number of listing from foreign exchanges, my guess is that the majority of the stocks that aren’t listed, are probably ones that are ones are far riskier (e.g., penny stocks) that people shouldn’t be buying for the most part.

quote:

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I’ve made 20% retuns this month through speculative day trading.

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As in the last 4ish days, or the last 30ish days. And what’s your long-term average, or per trade average. Because 20% is great, but between crypto last year and the marijuana stocks right now, it’s pretty obvious that a lot of people who have no idea what they’re doing, can get lucky and have a huge gain but weren’t any better at it than the person who got unlucky.

Now it appears you’re wising up and maybe you’re one of the extremely rare individuals who is actually good at day trading, but if you’ve been paying some financial advisor who is clearly dishonest and probably not very good at what he does given his ridiculously high fees, has a fee structure that doesn’t reward performance, and clearly can’t use his performance as a justification, then I would caution getting too confident with this risky approach.