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If you can get past being offended by the tone, this is a good article and it is on the side of the younger traders. It is unreasonable to expect 20 year olds,
by zarkov99 6y ago
If you can get past being offended by the tone, this is a good article and it is on the side of the younger traders. It is unreasonable to expect 20 year olds, of any generation, to resist gambling disguised as investing, especially in the middle of stock bubble, when the full array of engagement tricks, honed to perfection by the likes of FB, Twitter, etc, is used to keep them trading. Unless you really know what you are doing, and very few do, this is not a domain were low friction is always a good thing.
- mrDmrTmrJ 6y agoDo you have data that 'trading' is how the app is being used? Does anyone? I find the article frustrating because it doesn't have data to prove it's core assertion. Full disclosure, I've been using Robinhood, for a several years, to buy small amounts of stocks or ETFs I want, with limit orders, when volatility drives the price down. Everything I buy I intend to hold for a *long time. And I really appreciate that they offer low fees, in % terms, on small orders. So it allows me to gain experience as an investor, not trader.
- zarkov99 6y agoThere is only so much order flow they could get if most people did what you do. The fact that the have been down in high volatility days indicates to me there is plenty of trading going on.