Love this quote!
It takes about 2 minutes in any trading group, chat room, etc to discover multiple major complaints about robinhood functionality and otherwise. Dont understand why anyone uses them when the solid brokers are all commission free tooRobinhood is such a pathetic name for a company that just stole billions today from the working man to give to the rich hedge fund managers. Absolutely pathetic. I hope a massive class action suit ensues.
AOC evidently condemned Robinhood too. This may be the first thing I have ever agreed with AOC about.
This is why, oddly enough, this whole ordeal was kind of a blessing. This showed so many people exactly how things work. So all those brokerage apps just decided to block the same handful of stocks huh? Or did someone direct them all to do it? I'd say the latter.
The people that are educated in trading already know/knew how it worked. Institutions trade positions big enough that it moves price, it's just the way it is.This is why, oddly enough, this whole ordeal was kind of a blessing. This showed so many people exactly how things work. So all those brokerage apps just decided to block the same handful of stocks huh? Or did someone direct them all to do it? I'd say the latter.
1...... (which should be illegal as it was born of a concerted effort to move the markets),.....
......99% of the people making the comments are not equipped to make a properly informed decision/deduction based on what they know or don't . . . just as they aren't properly equipped to trade their stimulus checks on the platform (and generate a profitable long term outcome for themselves). I suggest they all stop being idiots, enjoy the 5x+ gain they have generated on GME .....
....and hope to hell that our new "big government" regime does not cook up some threshold for accreditation that would not allow them to make the trades in the first place, going forward. The squeaky wheel often gets the grease and, in this instance, the grease will not be good for the wheel. I could go on and on . . . what a joke.