Re:Pandemic Villains: Robinhood
by mrDmrTmrJ on Wednesday December 09, 2020 @02:48PM
(#25363606)
Do you have data that 'trading' is how the app is being used? Does anyone? I find the article frustrating because it doesn't have data to prove it's core assertion.
Full disclosure, I've been using Robinhood, for a several years, to buy small amounts of stocks or ETFs I want, with limit orders, when volatility drives the price down. Everything I buy I intend to hold for a *long time.
And I really appreciate that they offer low fees, in % terms, on small orders. So it allows me to gain experience as an investor, not trader.
Re:Pandemic Villains: Robinhood
by zarkov99 on Wednesday December 09, 2020 @05:14PM
(#25366004)
There is only so much order flow they could get if most people did what you do. The fact that the have been down in high volatility days indicates to me there is plenty of trading going on.
Full disclosure, I've been using Robinhood, for a several years, to buy small amounts of stocks or ETFs I want, with limit orders, when volatility drives the price down. Everything I buy I intend to hold for a *long time.
And I really appreciate that they offer low fees, in % terms, on small orders. So it allows me to gain experience as an investor, not trader.