Congrats to you Robinhood Millionaires
Jul 29, 2021
71 Comments
I know Robinhood had a rough year with the GME situation, but still you folks worked hard to bring an app to us that ended up removing trading fees on all other brokerages like vanguard, fidelity, etc.
Wondering what the emotions are like for you folks. How’s the Robinhood Blind channel? How’s the overall sentiment there?
tc: 163k
comments
Truth is don’t know how much we are paying in order flow vs commissions to suggest they did any good. Then all the brokers followed suit. Do you really think that brokers would abandon their previous model if they didn’t have significant revenue coming to replace it?
Vlad made it blackbox pricing and then slabbed a bunch of marketing on it to make it seem like they are heros
I can't go single-broker on Robinhood since they don't have half the things I care about and are more or less a single-purpose app that maximizes the dopamine hit of buying and holding a stock. For options trading, I have a lot more complaints about them than just their revenue model.
Active Trader Pro beats Robinhood's UI by a mile, for me. And if you can get Wealth-Lab Pro, that's a really nice tool. Simplicity and cleanness is overrated if you're serious about performance.
Tbh if I *had* to go single-broker, I'd have to go to Fidelity. Robinhood simply doesn't yet have nearly the range of features I need for my edge use cases.
They're making the most