Re:Robinhood goes down again, during another historic tradin...
by Gunax on Monday March 09, 2020 @10:31AM
(#22525634)
I never understood the appeal of using a telephone to trade one's life savings anyway.
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Re:Robinhood goes down again, during another historic tradin...
by noirbot on Monday March 09, 2020 @10:45AM
(#22525760)
I don't see how it's worse to do it on a phone than your laptop, or over the phone with a broker via a voice call?
Most folks I know who use RH just use it as a fun little side gamble/game. Small-ish amounts of money, something they could afford to lose, with the rest in more stable funds or investments.
Re:Robinhood goes down again, during another historic tradin...
by SpicyLemonZest on Monday March 09, 2020 @12:11PM
(#22526542)
I agree, both that that's my experience and that it's the right way to use RH. But then that means this isn't exactly an existential crisis; if you can't run your side gamble during some periods of high market volatility, does it really matter?
Re:Robinhood goes down again, during another historic tradin...
by noirbot on Monday March 09, 2020 @12:26PM
(#22526667)
On one hand, now is a fun/important time to be messing with your side gamble. It'd be like if a betting site went down the day of the Super Bowl. If you're just using RH to gamble and day-trade, periods of high volatility are some of the most fun times to be actively trading!
On the other hand, I don't really care. I'll be fine. Most of the folks I know who use RH are just joking about it being down. It's annoying, but no one's broken up about it. A lot of the folks casting their anger at RH seem to be folks who already dislike it and probably don't use it?
Professional or large-scaled investors with large sums invested probably aren't using RH for a lot of reasons even before you get to the downtime issues.
Re:Robinhood goes down again, during another historic tradin...
by Gunax on Monday March 09, 2020 @05:07PM
(#22529826)
Maybe I'm an old grumpy man, but I just prefer a real computer for serious work.
It probably works fine, but I am never as confident on a touch screen. I even prefer to order pizza on a desktop.
Re:Robinhood goes down again, during another historic tradin...
by guiriduro on Monday March 09, 2020 @10:35AM
(#22525671)
Personally, I never understood the appeal of holding corporate fiat paper however it was transacted.
Re:Robinhood goes down again, during another historic tradin...
by unethical_ban on Monday March 09, 2020 @10:55AM
(#22525853)
Because that can turn into federal fiat money used to buy food, save for retirement or go on vacation.
Re:Robinhood goes down again, during another historic tradin...
by IAmEveryone on Monday March 09, 2020 @12:13PM
(#22526565)
Yeah, but that’s just because you have trouble grasping immaterial concepts, and also object permanence.