3 ms·
Robinhood enabled cheap buying/selling,which means deals are made more frequently and that's what kills most newbies. Imagine looking at your screen and seeing
by cosmodisk 6y ago
Robinhood enabled cheap buying/selling,which means deals are made more frequently and that's what kills most newbies. Imagine looking at your screen and seeing your Google shares going down by 20 points. People panick,they sell only to say two days later that it went back up by 60 points.
- thephyber 6y agoI suppose it's more of an indictment of trading stocks in the hands of a newbie, but RH is customized for newbies (low cost trades, fractional ownership, gamification) without (anecdotally) all some of the guard rails that more mature brokerages have. Also, I've read that RH has/had "a bug" (as described on Reddit) where an inexperienced trader could overleverage. I can't see how this risk profile is profitable for RH, especially if they specifically aim to have a large portion of the newbie trader market.