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How and why do you trade after hours without limit orders? Execution on RH is already pretty poor, this seems like a recipe for disaster.
by 15155 10y ago
How and why do you trade after hours without limit orders?
Execution on RH is already pretty poor, this seems like a recipe for disaster.
- jwcooper 10y ago> Execution on RH is already pretty poor, this seems like a recipe for disaster. Can you explain this? I like Robinhood for the free ETF and index trades. Haven't really noticed any issues in the year I've been using it.
- fma 10y agoRH needs to make money somehow.
- cheriot 10y agoThe article recommends only trading after hours with a limit. Edit: Sorry, I saw that in the help center, https://support.robinhood.com/hc/en-us/articles/214681903-Extended-Trading-Hours https://support.robinhood.com/hc/en-us/articles/214681903-Ex..., "That means your execution price can vary more than during core market hours, so we suggest using limit prices".
- hartator 10y agoFrom my underatanding, they are using the same exchanges than other low cost brokers. It has been confirmed with my experience using TradeKing in parallel of RobinHood (same spreads and same speed of execution.) I haven't tried trading after hours yet, but it had happenned to me that I wish I had the option in the past.
- hendzen 10y agoThe actual orders are handled by Apex Clearing. Apex sells this client flow to a mix of Citadel, KCG, and a few others [0]. [0] - https://d2ue93q3u507c2.cloudfront.net/assets/robinhood/legal/RHF%20PFO%20Disclosure.pdf https://d2ue93q3u507c2.cloudfront.net/assets/robinhood/legal...