4 ms·

Making investment decisions from your iPhone is pretty silly. Building an app exactly for this purpose is damn dangerous. They also say +80% of their early ado

• grimtrigger 12y ago
  How about this scenario: you're sitting at lunch when you hear on the news that Apple is issuing a recall because the iPhone 6 sometimes catches on fire. At that moment you'd be saying "damn, I wish I an app where I could short apple ASAP".
  • pktgen 12y ago
    I would think the professional/algorithmic traders would have done that the millisecond the news came out. By the time you're hearing about it at lunch, it would be too late.
    • grimtrigger 12y ago
      Too late to save all your money, but unless its at the bottom you still have something to save.
• GrinningFool 12y ago
  Well, reading the TC article, we come away with: "Ditching fees has led to 80 percent of beta users being under the age of 30." And " Engagement looks promising. Fifty percent of customers who’ve made a trade come back every day, and 90% come back every week." But both of these are rendered meaningless by: "Robinhood is still in friends and family private beta" That aside, if "coming back" means making additional trades... that lends support to the idea that that this kind of super-simplified trading encourages hasty trades that aren't thought out. And of course, that's the choice of people making those trades - but it seems to me that it's going to lead to some bad publicity for robinhood not too far down the road.