I am new to trading and graduated this year πͺ. Lot of my friends started treading and made ton of money, due to Tesla, Apple etc. from robinhood. I recently went for Microsoft and bought it for 213 on app,when actual market value was 212.4 e.g. on yahoo finanacd or else where. Later I thought to get out at 219.7$ price at yahoo finance but robinhood only let me make the transaction at 218.4. What I am confused of is why no real time value transactions allowed on Robinhood, is this how robinhood makes money. Or is this how it should actually work. I had this convo. With my friends and now they feel stupid but not aware of the real answer. Can someone who is more experienced share their knowledge about us trading. Most of us from Asia. Any good platform from where we can do real-time trading ,which is safe.#tech #stockmarket #stock Thanks much π TC 100k
Wait till you try Options! You can make huge money, almost guaranteed $1000 every week, from very low investment with strategies like credit spread.
Options rookie here, can you elaborate what you mean by credit spread, I am assuming put credit spread?
Shhh... You should not tell these trading secrets to rookie RH traders..:D
I stopped reading after you mentioned Robinhood. No serious trader uses that unreliable platform. Delete it ASAP.
Ok boomer
You could suggest alternatives rather than just presenting your opinion as a fact with no information.
Stop using Robinhood. This is one of the ways they make their money. Use a real broker like schwab or td ameritrade
Super I will research about them both, looks like I need some knowledge about trading before I jump right into it. Thanks π
Yeah, it's bullshit tbh. Schwab acquired td, so maybe go with them. I personally use td. I've heard good things about E-Trade too.
Bro, get a real broker. Those that use Robinhood are perceived as noobs. This isn't a game where you want to be perceived as a noob. If you do then the nice folks at /r/wallstreetbets will help you with investing ideas.
Explain why. Those that use toyota are perceived poor. Those that fly economy are perceived cheap. #seriously
No broker should prevent you making trades for being "down" throughout the day, that's amateur hour. Also, trading/scalping on your phone is prone to fat fingers. I don't see any serious chartists using RH.
Hey Buddy the moment you start questioning your brokerage firm's ability on prices -- you already know it's too late haha !
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Welcome to the club. 1. The real time accurate price of a stock is the most valuable commodity and institutions pay billions to get it as fast as they can (check out exchange co-location). The price you see on yahoo/RH/Schwab is delayed by milliseconds and thatβs why the discrepancy. 2. RH makes money by directing trades to dark pools instead of doing it over an exchange. Citadel is a prime candidate for them.
Read flashboys for more info
Sure man thanks!