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I've been using it for a while. I think it's best for longer term positions (2+ years at least). I realize it's ironic, because in theory, I could trade all t
by jtraffic 9y ago
I've been using it for a while. I think it's best for longer term positions (2+ years at least). I realize it's ironic, because in theory, I could trade all the time with Robinhood, but I find that I don't do that. (Though that may be because I've learned over time that trading often is difficult, a recipe for me to lose money, and draining.)
It's really just good, from the customer perspective. It's the brokerage that needed to exist.
My uncle, who lives off of trading, gave me his transaction list and I saw that like 12% of his profits were eaten up by trading fees. Ouch.
I think more sophisticated individual investors don't jump on because you can't trade options. For me, that's a good thing, I'm not tempted to speculate.