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Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by cwkoss on Friday May 24, 2019 @05:21PM (#20005386)
Be sure to use limit orders! It feels like the execution price of their market orders can be looser than expected at times.
Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by yding on Friday May 24, 2019 @05:35PM (#20005490)
Doubly true if it's outside market hours. Unlike every other broker Robinhood doesn't (always) warn you when the markets are closed. I've had fills come in dollars off the last trade simply because the market order was placed before or after hours.
Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by remote_phone on Friday May 24, 2019 @09:30PM (#20006588)
Most places I’ve seen won’t allow you to place market orders after hours, only limit orders.
Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by astura on Friday May 24, 2019 @11:31PM (#20006944)
Fidelity let's you do it, they just warn you.
Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by TaupeRanger on Friday May 24, 2019 @07:52PM (#20006246)
Yes. It's amazing how many people don't know how to use limit orders, though entirely unsurprising since RH is a very beginner friendly platform.
Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by yding on Friday May 24, 2019 @07:54PM (#20006255)
Robinhood also makes it harder to use limit orders than other brokers. I suspect it's because they receive more payment for order flow when it's a market order.
Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by ericd on Friday May 24, 2019 @11:17PM (#20006907)
Wow, that's an extremely immoral dark pattern if true.