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I mean, average portfolio size for Robinhood users is probably in the $1k-10k range. How much does your 22 year old cousin care whether she pays $325.60 or $325

I mean, average portfolio size for Robinhood users is probably in the $1k-10k range. How much does your 22 year old cousin care whether she pays $325.60 or $325.62 for a share of TSLA? For individuals it’s negligible, but for the HFT firms whose kickbacks make up most of Robinhood’s revenue, this adds up.

austenallred 9y ago
Yeah, worst case scenario use a limit
- barnabes 9y ago
  Do limits guarantee a price?
  - rifung 9y ago
    No but they put an upper bound on it which is likely what people would care about anyway
    - deleted 9y ago
      [deleted]