4 ms·

It is not about scale, it is about the fact that people lost real money. If you can’t make it work you should not be in that business, and I don’t really care h

It is not about scale, it is about the fact that people lost real money. If you can’t make it work you should not be in that business, and I don’t really care how hard they work. I’m taking my account off their platform.

malux85 7y ago
Is this your first day of trading or something? People lose money in trading all the time, for hundreds of reasons and some of those reasons are infrastructure downtime. If your risk profile doesn't reflect that, maybe you should take your money out of trading altogether.
- LaserToy 7y ago
  I will take it off this platform for sure.
  - LaserToy 7y ago
    And why -2 points??? Already moving money out. What is annoying - only 50k per day is allowed.
    - blackearl 7y ago
      Because complaining about RH being a low quality trading platform is like being angry at the burger quality at McDonald's. You get what you pay for.
      - EpicEng 7y ago
        Nearly every brokerage now has zero fee trades, just like RH. They weren't down Monday.
- anon102010 7y ago
  I carry reasonable investment balances - I’m not an active trader but in this space I expect availability. I’d never put my money on RH - and this has nothing to do w risk profile
  - deleted 7y ago
    [deleted]
- frockington1 7y ago
  I've been trading for years, would not keep a penny on that platform. They've effectively cut off all liquidity for their customers for at least 2 days during high market volatility. You are missing out on tax loss harvesting, buying dips etc.
argonaut 7y ago
Nearly every online brokerage has had an outage or outages in the past.
- LaserToy 7y ago
  For a full day + morning and issued non apology? Also, I prefer to be with the group that is not in the “nearly all” one
- dirtydroog 7y ago
  Exactly. When markets are volatile I imagine they find it difficult to manage risk and so just shut everyone out and blame it on IT.
  - simonh 7y ago
    That would be extremely illegal, at a company killing, send them to jail level and would be impossible to hide.
yuppie_scum 7y ago
Nothing was stopping the Robinhood customers from opening an eTrade or TD Ameritrade account or something and doing their trading out of that platform for the duration of the outage. Robinhood isn't really an institutional platform in my understanding anyway.
- LaserToy 7y ago
  How can you do it if your equity is in Robinhood?

malux85 7y ago

Is this your first day of trading or something? People lose money in trading all the time, for hundreds of reasons and some of those reasons are infrastructure downtime. If your risk profile doesn't reflect that, maybe you should take your money out of trading altogether.

LaserToy 7y ago
I will take it off this platform for sure.
- LaserToy 7y ago
  And why -2 points??? Already moving money out. What is annoying - only 50k per day is allowed.
  - blackearl 7y ago
    Because complaining about RH being a low quality trading platform is like being angry at the burger quality at McDonald's. You get what you pay for.
    - EpicEng 7y ago
      Nearly every brokerage now has zero fee trades, just like RH. They weren't down Monday.
anon102010 7y ago
I carry reasonable investment balances - I’m not an active trader but in this space I expect availability. I’d never put my money on RH - and this has nothing to do w risk profile
- deleted 7y ago
  [deleted]
frockington1 7y ago
I've been trading for years, would not keep a penny on that platform. They've effectively cut off all liquidity for their customers for at least 2 days during high market volatility. You are missing out on tax loss harvesting, buying dips etc.

argonaut 7y ago

Nearly every online brokerage has had an outage or outages in the past.

LaserToy 7y ago
For a full day + morning and issued non apology? Also, I prefer to be with the group that is not in the “nearly all” one
dirtydroog 7y ago
Exactly. When markets are volatile I imagine they find it difficult to manage risk and so just shut everyone out and blame it on IT.
- simonh 7y ago
  That would be extremely illegal, at a company killing, send them to jail level and would be impossible to hide.

yuppie_scum 7y ago

Nothing was stopping the Robinhood customers from opening an eTrade or TD Ameritrade account or something and doing their trading out of that platform for the duration of the outage. Robinhood isn't really an institutional platform in my understanding anyway.

LaserToy 7y ago
How can you do it if your equity is in Robinhood?