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I sincerely doubt that many retail investors expect to make money on this. I have a couple buddies who made robinhood after seeing this on the news just for the
by crocodiletears 6y ago
I sincerely doubt that many retail investors expect to make money on this. I have a couple buddies who made robinhood after seeing this on the news just for the opportunity to make a hedgefund bleed. I was in the same boat, but I already had an account.
No matter how paternalistic the intent may have been on Robinhood's end, the message is all the same to us on the outside: the game only has rules when we get to win it
- ryandrake 6y agoGuarantee as soon as the hedge fund guys are all safely out of their positions and stopped their losses, Robinhood and the other retail brokerages will suddenly be like "Well, we did a great job and protected retail clients! All done with that trade limiting business. Back to normal, everyone."