STAY AWAY ROBINHOOD. Business model solved.
Robinhood is not a tech company. It is Wall steet. It is meant as a way to take money from tech workers. High frequency traders are front-running your orders and hitting stop loss orders on options and lower volume stock trades. Securities Information Processor (SIP) price is what decides National Best Bid Offer (NBBO). This is slow because it aggregates prices and HFT is front running this price. You are taking the loss tech workers. https://www.google.com/amp/s/www.nasdaq.com/articles/the-answer-to-memx-2020-07-06%3famp See the link to below for reputable brokers such as Tradeststion. Use IEX exchange to be 100 percent sure. https://alphacution.com/robinhoods-trailing-stop-orders-extreme-profitability-by-design/
Sorry if you saw this post multiple times. I kept getting network errors.
Sounds like the robhinhood app itself
The difference is insignificant if you invest long term,and they have no fees
Right, your avg investor should not care about this. And these HFT folks are part of the reason we have really good liquidity
Robinhood isn’t a serious brokerage. It has the best app though.
I use it more like a tech gamble. 🌝 it's just for fun.
Come on, you know even TDAmeritrade is doing this if you are paying nothing for trade right?
Say what you will . They already had 3 rounds of funding in 2020. I bought some robinhood shares on equityzen
When is Robinhood going IPO ?
Not sure but its series G . So i am thinking 1-2 years
I think it could happen in 6-9 months. They are close to profitability.
This is pretty well known, hate to burst your bubble
I was not aware of this. I am going to be switching brokers soon. These guys are up to no good.
Other brokers have fees and terrible tech. Why would you choose that?