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Nice, now hopefully they can deliver on a public API, short selling, and a desktop app.
by rl3 10y ago
Nice, now hopefully they can deliver on a public API, short selling, and a desktop app.
- szirka 10y agoI would be pretty surprised if they introduced short selling. There's no question that a good chunk of Robinhood's user base are novice investors. Those that do not understand short selling may land themselves into a lot of a hot water. There may be measures RH could take to prevent novice users from dangerous short selling plays. I'd be curious to see how they introduce it.
- GeneralMayhem 10y agoThey could introduce put options, at least.
- rl3 10y agoJust so they offer some form of betting against the market. I don't care how. Creating beta-neutral systems with Robinhood would then be possible.
- pmalynin 10y ago(Not trading advice, yada yada) Well, The way I approach betting against the market is inverse leveraged ETFs. If you want to bet against S&P 500, ProShares has a 2X inverse offering, and you can probably balance it with 3x leveraged gold JNUG / JDST as they track the market.
- rl3 10y agoNice, I never knew inverse ETFs existed. Thanks for this!
- traviswingo 10y agoI actually emailed support about this a while back and was told it's on the roadmap.
- deleted 10y ago[deleted]
- randomizor22 10y agoNot sure exactly what you're looking for in a Robinhood API, but I work for a company that provides a brokerage API (the sort of API that would power a Robinhood-type product). Might be relevant: https://www.thirdparty.com https://www.thirdparty.com We've got quite a few things on the roadmap that exceed Robinhood's offering.
- jameskegel 10y agoIn your theoretical opinion, what would set your company apart from any other offering the same?
- rl3 10y agoThe market you're targeting is at least an order of magnitude out of my price range, but I appreciate the info. Best of luck.