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Exactly. The people who were "harmed" by this were folks who tried to use Robinhood to do ultra-short-term (seconds-level) trading in an attempt to capture mic
by nlh 6y ago
Exactly. The people who were "harmed" by this were folks who tried to use Robinhood to do ultra-short-term (seconds-level) trading in an attempt to capture micro-swings, and Robinhood is a terrible platform to do that (and, honestly, people who thought Robinhood was a good platform to do that kinda deserve what they got ;)
For normal investors / traders / gamblers, this shouldn't make a difference. The reality is that most micro-swings in a stock are indistinguishable from random noise, so if a price "should" have been $10.05 and you paid $10.07 on Robinhood, it's just as likely that 5 seconds later you're at $10.03 as you are $10.11.
So....shrug