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Robinhood (RH) cannot cure stupidity. The only thing, they did was to kill all brokerage fees to trade stocks. This has made it easy for value investors like my
by ram_rar 6y ago
Robinhood (RH) cannot cure stupidity. The only thing, they did was to kill all brokerage fees to trade stocks. This has made it easy for value investors like myself who occasionally trades stocks.
Having said that, I do believe there are lot of novice traders out there trading options without really understanding what they are getting into. Also, margin trading is another recipe for disaster if you dont know what you're doing. But none of these can be directly attributed to RH.
My only major callout here is, they very easily got away for being down during Market hours. For any brokerage, this should not be allowed without any consequences.