News for hackers. Stuff that matters.

A comment on Robinhood stock trading app confirms $110M raise at $1.3B valuation. Parent comment

Re:Robinhood stock trading app confirms $110M raise at $1.3B... by JBReefer on Wednesday April 26, 2017 @01:03PM (#14204839)
Given how frequently this is said, I'm shocked that people still don't get it.

The only way you know more than analysts is:

A. be a full time analyst B. work at the company you're trading

If you're on Robinhood, you're not A. And if you're B, you're in touchy legal waters.

The average unsophisticated trader loses money vs those ETFs in even small time frames.

[ Parent | on HN ]
Re:Robinhood stock trading app confirms $110M raise at $1.3B... by devopsproject on Wednesday April 26, 2017 @05:31PM (#14207191)
> The only way you know more than analysts is

is to flip a coin: https://finance.yahoo.com/news/coin-flip-beats-listening-wal...

Now you could argue that diversification is key and that the best way to diversify is to choose an index vs picking your own asset mix. But deifying analysts is absurd

[ Parent | on HN ]