3 ms·

The original parent is 'This is worrying indeed because the negative reviews are clearly justified.'. I don't agree with this and the thread explains why. Ther

by egwor 6y ago

The original parent is 'This is worrying indeed because the negative reviews are clearly justified.'. I don't agree with this and the thread explains why. There are two issues to your comment: 1. Trading (including risk management) is really complicated. It isn't something that you can pick up in 30 seconds after downloading an app. This exact scenario (where broker stops taking orders on a stock likely due to internal risk limits) is a great example of an unusual scenario that has to be risk managed. This isn't some nose-upturned view but a fact. 2. Many of the comments here are made in good faith but it is pure speculation. 500K reviews were apparently posted and automatically removed. In any usual day we'd assume this was the usual spam. Again there's speculation about why there were removed. My point here is that there needs to be time to actually find out what happened.

egwor 6y ago
There's also an article supporting my points that sometimes there are restrictions (fine print) that stop trading. From: https://www.theverge.com/2021/1/28/22255031/robinhood-gamestop-stop-purchases-reddit-wsb-stock-market https://www.theverge.com/2021/1/28/22255031/robinhood-gamest... Quote: As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment,” the post argues. “To be clear, this was a risk-management decision, and was not made on the direction of the market makers we route to.”
midasuni 6y ago
Trading may be complicated, but when SV releases an app to make it simple, you can’t use that as an excuse.
vagrantJin 6y ago
The supposed complicated part of trading has nothing to do with this particular trade, from the perpective of the trader unless you can demonstrate it to be so. It might be complicated for brokers but certainly not the trader.

by egwor 6y ago

egwor 6y ago

There's also an article supporting my points that sometimes there are restrictions (fine print) that stop trading. From: https://www.theverge.com/2021/1/28/22255031/robinhood-gamestop-stop-purchases-reddit-wsb-stock-market https://www.theverge.com/2021/1/28/22255031/robinhood-gamest... Quote: As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment,” the post argues. “To be clear, this was a risk-management decision, and was not made on the direction of the market makers we route to.”

midasuni 6y ago

Trading may be complicated, but when SV releases an app to make it simple, you can’t use that as an excuse.

vagrantJin 6y ago

The supposed complicated part of trading has nothing to do with this particular trade, from the perpective of the trader unless you can demonstrate it to be so. It might be complicated for brokers but certainly not the trader.