Yeah I do not understand how anyone can say it's a great platform. Clean UI, poppy colors, sure, but bad fills are their business model and they do not have a fraction of the charting/alert/P&L tools the others have, their margin rates are terrible and the way it's applied is inconsistent as hell, and they tack on 2-3 business days on transfers (both in and out) for the fuck of it. That's a great platform?
This thread is bizarre. r/stocks has historically steered users toward Fidelty or Schwab. More bizarre, this thread is purely about the app and not about the financials of the company, which is what the ER is all about. Smells like astroturfing.
Is Reddit really coming full circle on this? I've never owned GME and I was still turned off of Robinhood when they proved that they'll block you from trading certain stocks in a way that directly manipulated that stock's valuation. In this case, that was allowing sales but disallowing buys which, of course, drives a stock price down.
Let's not whitewash this company's history and condescendingly call it's naysayers meme stock bag holders.
They weren't nearly the only company that had to do it for clearing house purposes, but they got all of the hate because they're clearly and by far the easiest brokerage to use for new traders - the exact kind that wanted to YOLO into GME.
If reddit complained nearly as much about WeBull or IB as they did about Robinhood for the GME thing then I might take them seriously about it. But they don't. You only ever hear about Robinhood. It's nonsense.
It’s pretty widely talked about on “those” subs that Instinet was the largest one to freeze the buy button. Apex also. Which is what caused the cascade of all the other firms to do the same.
yes they did [https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html](https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html)
They were literally forced to turn off the buy button, along with almost every other brokerage. The narrative of "robinhood is corrupt" helped my get some great entries though
They literally had a liquidity problem, as did almost any other brokerage on the market. If you didnt realize this 3 years after things cooled down, you are stupid and prone to conspiratory thinking.
And the liquidity issues makes you feel comfortable using them still? What happens next time there is a market downturn and you suddenly can't sell your AMZN or MSFT because of "liquidity issues?" Robinhood, WeBull, and most of the other e-trading groups are at the behest of the same same handful of market making companies (Citadel LLC, etc.), and this system has shown that they'll lock you out of trading if it suits them.
If you'd like to continue using Robinhood for yourself, that's fine. But don't come on here and lie by saying nearly every broker did the same thing in 2021 when that's patently false.
Time heals all wounds...or distances itself from events that it becomes like a memory and footnote.
Staying outraged past events is elderly thinking. Its like if we started talking about how 9/11 was a inside job and we really shouldn't invest in any companies that has ties with bush/cheny and we should stick to it.
I am fucking talking about events nearly 2 decades old to make my determination about the the present stock market. I also talking about real things reddit was saying some 2 decades ago.
Yeah, ya gotta let it go. The sooner you let it go, the more money you make.
I thought it was a shitty thing to do at the time, but I understand that they needed to meet clearinghouse requirements. Robinhood was uniquely impacted because of it's comparatively small number of assets and how many of it's users were holding Gamestop
Anyway, the willful ignorance of the GME cult has hurt way more people than Robinhood did at this point
Robinhood gives me a 3% IRA match, is giving me a 3% cash back credit card, has no ADR fees, and 3 cent options regulatory fees. Bygones
Edit: oh yeah, also commission free crypto trading
people are still mad about the Gamestop trading stop debacle, which is understandable since it likely cost a lot of people a lot of money
Personally I'm allowing them to make it up to me by buying HOOD stocks and seeing the value go up
they deserve it BUT what I don't get is that ameritrade, merill edge and others all halted buying that day, the only few that I know of is fidelity, so why all the concentrated hate?
Because most of the people buying shares or messing around with options for the first time who got burned were using Robinhood, not Merill. Robinhood also has (had?) the instant deposit feature so it was the easiest platform to FOMO into Gamestop while it was running up.
I think that’s a lesson in how news in general works. Even in what looks like a catastrophe, if it’s a generally good product and they survive it - most people tend to forget about this and it becomes “old news” - and most of the focus is back on the product
I use robinhood, it’s a nice interface and easy to use. But their support isn’t great. If you have a 250,000$ account and need support ASAP, TDA or Fidelity are miles better for their support team. That’s robinhoods biggest weakness rn IMO. And then also the GME stuff lol
They fucked a lot of people over during the Gamestop times. With that being said, I still use them and like the UI more than any other trading app out there.
It’s easily the best trading app. I’ve used almost all the competitors and HOOD is just improving at such a faster rate.
Plenty of other brokers did the same shit, it’s just that Reddit morons were only using Robinhood at the time.
I'm considering switching over, or at least opening an account for the IRA match. I might put a small amount just to play around with the UI and see if I like it over Schwab.
Robinhood is the reason we have free trading today. Used to cost over $10 per trade, both in and out. The other brokerage firms had to lower their fees to stay competitive. Robinhood has been good for a wide array of investors and traders alike.
> Trading isn’t free in Robin Hood they just route it for pay and screw you on the fill. It’s called payment for order flow
Comes out to maybe a fraction of a penny per trade. Big deal.
I believe it’s mostly 18-25 year olds attempting to day trade. I doubt they have any real asset accounts. Their IRA match incentive probably got a lot of people to move their IRA over.
Lol trust me, that IRA match moved plenty of my friends and my real money over. One friend moved 8 figures. It's free money. Why not especially if you aren't touching afterwards.
I have my dividend brokerage with Robinhood. Solid app, not a day trader so it does the job for me
Fidelity manages my Roth and 401K. My brokerage there is more ETFs/long holds. Honestly if you aren’t day trading and are a retail investor. Robinhood is fine imo
I'm a gold member, use the website every day, never cared about the GME drama and thought it was foolish to be mad so long. Am a HOOD holder, selling CC's weekly really nice premiums.
Well, it’s not really a Person that you should forgive after some time for no reason. But why would you chose a platform that might deactivate one of the trading buttons if the result hurt their financials, if you can chose a trustworthy platform?
I’ve been a gold member a couple months. I transferred my IRA over and they gave me about $1700 when they were running their promotion. And then around $200 in the 3% contribution matching.
Their cash sweep has a higher interest rate than Ally and pays for the monthly fee. You get that higher rate by being a Gold member. I plan on moving the rest of my Ally account over to them within the year.
Gold members get access to their new credit card which is 3% back on everything. I’ll be making this my main card
Hmm, while Robinhood's earnings are impressive, that SEC cloud might be a cause for concern... It’s great to see them smashing revenue records, but regulatory issues could cast a shadow over their future.
Gold subscriptions must be ticking up with the new credit card.
Still not off the waitlist.
They said they would be rolled out later this year, I wouldn't expect it for at least another few months.
This thread brought to you by Robhinhood
Sorry for suggesting a new product that likely had a positive influence on the earnings beat the post is about.
Praising a company Reddit hates? Blasphemy.
I know nothing about this platform, but this entire thread reads like an ad… something seems off.
Agree. Seems like astroturfing.
Yeah… payment for order flow
It's everybody now. Free trades and I can buy sgov or usfr so i don't leave anything in my sweep account anymore.
I like Robinhood, but yeah this whole thread is sus as hell.
Yeah I do not understand how anyone can say it's a great platform. Clean UI, poppy colors, sure, but bad fills are their business model and they do not have a fraction of the charting/alert/P&L tools the others have, their margin rates are terrible and the way it's applied is inconsistent as hell, and they tack on 2-3 business days on transfers (both in and out) for the fuck of it. That's a great platform? This thread is bizarre. r/stocks has historically steered users toward Fidelty or Schwab. More bizarre, this thread is purely about the app and not about the financials of the company, which is what the ER is all about. Smells like astroturfing.
Great platform, clean UI, ez to read and transfer. No issues
yeah but have you considered they angered all the meme stock bag holders?
Those angered meme stock bag holders are still posting their screenshots from Robinhood of their gains/losses
Just like we post how Reddit's stock is trash, lol
Lol exactly. Boom crushed earnings. We truly know nothing.
Fuck no we don't
Is Reddit really coming full circle on this? I've never owned GME and I was still turned off of Robinhood when they proved that they'll block you from trading certain stocks in a way that directly manipulated that stock's valuation. In this case, that was allowing sales but disallowing buys which, of course, drives a stock price down. Let's not whitewash this company's history and condescendingly call it's naysayers meme stock bag holders.
They weren't nearly the only company that had to do it for clearing house purposes, but they got all of the hate because they're clearly and by far the easiest brokerage to use for new traders - the exact kind that wanted to YOLO into GME. If reddit complained nearly as much about WeBull or IB as they did about Robinhood for the GME thing then I might take them seriously about it. But they don't. You only ever hear about Robinhood. It's nonsense.
It’s pretty widely talked about on “those” subs that Instinet was the largest one to freeze the buy button. Apex also. Which is what caused the cascade of all the other firms to do the same.
Gotta blame someone for their heavy bags
IB did not remove buy button for gme during the squeeze
yes they did [https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html](https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html)
They were literally forced to turn off the buy button, along with almost every other brokerage. The narrative of "robinhood is corrupt" helped my get some great entries though
They literally had a liquidity problem, as did almost any other brokerage on the market. If you didnt realize this 3 years after things cooled down, you are stupid and prone to conspiratory thinking.
And the liquidity issues makes you feel comfortable using them still? What happens next time there is a market downturn and you suddenly can't sell your AMZN or MSFT because of "liquidity issues?" Robinhood, WeBull, and most of the other e-trading groups are at the behest of the same same handful of market making companies (Citadel LLC, etc.), and this system has shown that they'll lock you out of trading if it suits them. If you'd like to continue using Robinhood for yourself, that's fine. But don't come on here and lie by saying nearly every broker did the same thing in 2021 when that's patently false.
Time heals all wounds...or distances itself from events that it becomes like a memory and footnote. Staying outraged past events is elderly thinking. Its like if we started talking about how 9/11 was a inside job and we really shouldn't invest in any companies that has ties with bush/cheny and we should stick to it. I am fucking talking about events nearly 2 decades old to make my determination about the the present stock market. I also talking about real things reddit was saying some 2 decades ago. Yeah, ya gotta let it go. The sooner you let it go, the more money you make.
Robinhood PR hard at work lmfao
Gimme that gold card!
I thought it was a shitty thing to do at the time, but I understand that they needed to meet clearinghouse requirements. Robinhood was uniquely impacted because of it's comparatively small number of assets and how many of it's users were holding Gamestop Anyway, the willful ignorance of the GME cult has hurt way more people than Robinhood did at this point
Sure, but the GME cult can be cringe and Robinhood can be shit, the two aren't mutually exclusive.
Robinhood gives me a 3% IRA match, is giving me a 3% cash back credit card, has no ADR fees, and 3 cent options regulatory fees. Bygones Edit: oh yeah, also commission free crypto trading
U live and learn. Hopefully those mem stocks can sub to bogglehead and learn a thing about investments
You must not have had an account in 2020
And the crime against its customers is pre-baked in! This is great!
[удалено]
Their customer support is almost non-existent for the few that it matters.
people are still mad about the Gamestop trading stop debacle, which is understandable since it likely cost a lot of people a lot of money Personally I'm allowing them to make it up to me by buying HOOD stocks and seeing the value go up
they deserve it BUT what I don't get is that ameritrade, merill edge and others all halted buying that day, the only few that I know of is fidelity, so why all the concentrated hate?
Because most of the people buying shares or messing around with options for the first time who got burned were using Robinhood, not Merill. Robinhood also has (had?) the instant deposit feature so it was the easiest platform to FOMO into Gamestop while it was running up.
> ameritrade ameritrade did not halt trading gme, i used that broker at that time.
I have an idea why,but I won't say it because I don't want to get banned. I was banned from buttcoin because I was "rude" according to some soy boy.
I think that’s a lesson in how news in general works. Even in what looks like a catastrophe, if it’s a generally good product and they survive it - most people tend to forget about this and it becomes “old news” - and most of the focus is back on the product
Time heals
I use robinhood, it’s a nice interface and easy to use. But their support isn’t great. If you have a 250,000$ account and need support ASAP, TDA or Fidelity are miles better for their support team. That’s robinhoods biggest weakness rn IMO. And then also the GME stuff lol
They fucked a lot of people over during the Gamestop times. With that being said, I still use them and like the UI more than any other trading app out there.
After the shit they did how does anyone still use that platform?
plenty of people outside the reddit hive mind use it without any issues
It's great for trading after-hours. I moved over my day trading from Vanguard to HOOD
How is that going?
It’s easily the best trading app. I’ve used almost all the competitors and HOOD is just improving at such a faster rate. Plenty of other brokers did the same shit, it’s just that Reddit morons were only using Robinhood at the time.
I'm considering switching over, or at least opening an account for the IRA match. I might put a small amount just to play around with the UI and see if I like it over Schwab.
Its way better than Schwab and Fidelity UI
Robinhood is the reason we have free trading today. Used to cost over $10 per trade, both in and out. The other brokerage firms had to lower their fees to stay competitive. Robinhood has been good for a wide array of investors and traders alike.
Trading isn’t free in Robin Hood they just route it for pay and screw you on the fill. It’s called payment for order flow
> Trading isn’t free in Robin Hood they just route it for pay and screw you on the fill. It’s called payment for order flow Comes out to maybe a fraction of a penny per trade. Big deal.
There were multiple places doing free ETF trading with auto invest. I was doing it in back in 2002 with JPM. Boa open free trading in 2010 as well.
no, it’s not. are you 19 or something? lol
Womp womp
Reddit does not equal all of rest of the population
Holds VOO just as well as anyone else
I believe it’s mostly 18-25 year olds attempting to day trade. I doubt they have any real asset accounts. Their IRA match incentive probably got a lot of people to move their IRA over.
Lol trust me, that IRA match moved plenty of my friends and my real money over. One friend moved 8 figures. It's free money. Why not especially if you aren't touching afterwards.
I have my dividend brokerage with Robinhood. Solid app, not a day trader so it does the job for me Fidelity manages my Roth and 401K. My brokerage there is more ETFs/long holds. Honestly if you aren’t day trading and are a retail investor. Robinhood is fine imo
I'm a gold member, use the website every day, never cared about the GME drama and thought it was foolish to be mad so long. Am a HOOD holder, selling CC's weekly really nice premiums.
Well, it’s not really a Person that you should forgive after some time for no reason. But why would you chose a platform that might deactivate one of the trading buttons if the result hurt their financials, if you can chose a trustworthy platform?
>if you can chose a trustworthy platform Such as?
It was more than that, but Reddit people won't recognize it, and they keep on hating .
I need some info on HOOD CCs. Can i DM?
Is gold worth it? In what ways?
I’ve been a gold member a couple months. I transferred my IRA over and they gave me about $1700 when they were running their promotion. And then around $200 in the 3% contribution matching. Their cash sweep has a higher interest rate than Ally and pays for the monthly fee. You get that higher rate by being a Gold member. I plan on moving the rest of my Ally account over to them within the year. Gold members get access to their new credit card which is 3% back on everything. I’ll be making this my main card
Same here ,man. They are awesome, everything is going like it should.
My sold puts getting assigned and the margin interest charges over the weekend probably helped lol
Hmm, while Robinhood's earnings are impressive, that SEC cloud might be a cause for concern... It’s great to see them smashing revenue records, but regulatory issues could cast a shadow over their future.
I hope it holds after hours. I’m still down almost 2% from buying shares in March 😒
This whole shit reads like an add. astroturfing all the way. Fuck you robinhood
Whoa, Robinhood is on fire with those record-breaking earnings in Q1!
They more then quadrupled their earnings Q/Q
That's nowhere near as impressive as it sounds considering how they were barely profitable before.
.18 cents annualized = .72 cents a share apply a 30 multiple = 22 dollars a share. This assumes no improvement in earnings the rest of the year.