Robinhood yay or nay

Yeah, Robinhood is awesome for speculative day trading.

Yes, I have been using it for about 9 months. It works very easily. Leave your email and I will send you a link to get a free stock. Also, it is absolutely free.

Yeah, they send you an account update every month.

They really don't let you day trade. If you trade too much on the same day then they won't let you buy and sell in the same day for 30 days.
I am basically just buying stocks into smaller companies right now. Have one in apple and a few in microsoft. Its fun watching they money grow instead of sitting in a bank account. When I want out of a company then I sell and find a new one.

LINK

You might check out the Webull app. It’s free just like Robinhood, but has better research materials.

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They really don't let you day trade. If you trade too much on the same day then they won't let you buy and sell in the same day for 30 days.
I am basically just buying stocks into smaller companies right now. Have one in apple and a few in microsoft. Its fun watching they money grow instead of sitting in a bank account. When I want out of a company then I sell and find a new one.

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I think it's probably good for most people that they limit they amount of pure "day trading" since it seems like a losing proposition for the average person. On the other hand, I think people who consider something "trading" aren't usually referring to "day trading" and more referring to more short-term investing instead, although I don't know where trading and investing actually delineate from one another.

I've brought this up a couple times, but for anyone planning on holding a stock for a length of time that makes intraday fluctuations of little or no consequence, then I recommend M1 Finance instead since you can buy fractional shares of companies, which may offset the intraday fluctuations anyways if one can't or doesn't want to purchase a full unit (like say Amazon) immediately.

I wouldn't know how to make an apples to apples comparison with a more established fee-based trading platform, when the concern is split second execution. My guess is that RH loses and you could sleep better executing large trades on a Schwab type platform. RH continues to improve every few months and has come along way in the time I've been a customer. I expect that to continue.

RH works great for me, as I'm investing in what I think are good companies to perform over the long haul. If I'm panic selling and praying it goes through, something has gone very wrong for my strategy and I would prefer to be paying whatever fee to be on a more established platform.

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penny stock trading for fun.

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Robinhood no good for penny stocks. I see a lot of stuff recommended on here that you can't get on Robinhood.

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They make their money by selling your data. Just so you know...

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This is a deceiving representation. They appear to be selling transactional system-wide data regarding the timing, price, type of security traded, etc. It’s their data, just like a retail company releasing information about sales for certain products and the performance of their individual stores is their data. Calling it our data makes it seem like they’re selling our personal information. Instead they’re selling the information about their overall service, that they created and provide.

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and is bad for you as a customer.

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Why is it bad for the customer? Because some groups who make risky, high-frequency trades, trying to take advantage of the small fluctuations (even pennies), which many believe actually results in a net benefit (lower spreads, more money in market, etc.) are buying (maybe even wasting) transactional information from a service to refine their process?

Maybe that college student who posted that histrionic nonsense needs study more in his economics classes, and maybe take an ethics class, or just learn the basic difference between a company’s rightful claim to data and personal data that would be selling out its customers, before writing an article like that.

Although maybe he shouldn’t since apparently you and a couple crypto sites fell for that nonsense.