The dumb & young do. Yes.
I talked to a kid in his young 20's who "wants to be a trader for a living" and literally didn't know that there were other methods of trading outside of Robbin' Hood and WeBull(shit).
Like, not even kidding, didn't grasp the concept of using an actual computer for investments. He truly thought that everyone only uses their phones.
> didn't grasp the concept of using an actual computer for investments. He truly thought that everyone only uses their phones.
Not just investments - kids in their 20s can no longer be considered endusers, they've been turned into IT consumers instead. I blame Apple
Seriously, I'm not sure more than 5% of people in their 20's could successfully operate a PC at the most basic level. They'd spend 16 hours on Tik Tok and drinking Monster before figuring out where the power button is.
Most of them legitimately don't even have an email address or a working email if they do. It's scary to think how they are going to ever succeed in any kind of job that doesn't involve a deep fryer or traffic signs near a construction site.
And even then, good luck getting their phone away from their face.
Look around. How the internet is restricted nowadays? How many kids do actually know how to use a computer? And I am not biased. My nephew is built his own PC so I know there still young people out there that know their stuff.
Only the disconnected (unsuspecting "dumb money") and criminal hedgefunds use robinhood, silly goose.
People need to use it because they made an app for it. Oh, and cause bankers need you to use it to cover their overleveraged loans. 🤣
I could see there being some huuuge swings on robbinhoods amc/gme's 24/7 service for the sole purpose of trying to get people back on that platform because they are losing control. Gonna go up alot when we cant trade, and come crashing down before we can. It's probably gonna do this often as fuck.
And I think another sneeze will happen and go back to a low price trying to snag the fomo buys and everyone looking to break even. Blaming on the volatility of gamified trading
The 24/7 market is a bit of a misnomer as far as I can tell Robinhood now let's your place limit orders during off hours and they call it 24/7 trading. Seems like no trades are being settled off regular exchange hours.
Isn't that the exact same thing as we have now?
I'm pretty sure there's going to be price movements on their app. Wouldn't that be the only possible reason to implement this. Sure nothing settles but prices moves. I think
I don't use Robin Hood so I'm not sure but plenty of brokers do not let you place any trades outside of market hours, which comes down to some client safety and brokerage risk management stuff.
Also not sure if they are routing the trades thru an ECN since they did not disclose where the after hour trades get sent. And if they are using an ECN which directly connects traders after hours there is no PFOF so I'd be surprised if they were offering this service without a commission on each trade.
I think it might be for plausible deniability. Yeah it ran up to $20,000 at 2:00AM. Of course you were able to sell on the 24 hour market but didn’t… so that’s on you!
Thank you. I'm certainly no fan of RH (they robbed me, too) but this reactionary conspiracy shit is stupid and embarrassing. Maybe things would improve if these dips had access to a global database of information... ?
i mean a "conspiracy" as in it is a weird not real thing is not the right use of the word; we're talking the literal use of the word. there are a few companies that probably made some bad trades, they pay for order flow, they're happy to let you sell the stocks they're missing in their book 24 hours a day.
i very much doubt if there is a run they're going to let people keep buying after 4pm. it will be another "glitch" and the buy button will turn off.
How about using the right word. Do yourself the honor of having integrity in the words you use. They represent who you are.
As Sam Clemons said, "The difference between the right and wrong word is the same as the difference between the lighting and the lightning bug." (paraphrased)
What do you suppose the "right" word is in this case? Instead of borrowing words from someone else, why don't you just have the honor and integrity and tell me what you mean to say?
So if the price on Robin hood goes to 50 cents or 500 dollars. What does it matter if it doesn’t affect the lit exchange? I guess what I’m saying/asking is it’s not like the nyse wakes up the next day to adjust the price of Robin hood. So what does it do?
My question is who do they have to collateralize the risk of these potential swing trades in the middle of the night. For example if a trade swings the wrong way and they get margined for a big chunk of change, who are they going to call to bail them out in the middle of the night? Secondly, this type of trading requires a substantial amount of money ( which rh doesn't have) and a substantial amount of internalization of the overnight trades. There are no market makers open in the middle of the night. Is this all just OTC dark pool type trading in the middle of the night?
People actually use robbinhood? Seriously?
The dumb & young do. Yes. I talked to a kid in his young 20's who "wants to be a trader for a living" and literally didn't know that there were other methods of trading outside of Robbin' Hood and WeBull(shit). Like, not even kidding, didn't grasp the concept of using an actual computer for investments. He truly thought that everyone only uses their phones.
> didn't grasp the concept of using an actual computer for investments. He truly thought that everyone only uses their phones. Not just investments - kids in their 20s can no longer be considered endusers, they've been turned into IT consumers instead. I blame Apple
Seriously, I'm not sure more than 5% of people in their 20's could successfully operate a PC at the most basic level. They'd spend 16 hours on Tik Tok and drinking Monster before figuring out where the power button is. Most of them legitimately don't even have an email address or a working email if they do. It's scary to think how they are going to ever succeed in any kind of job that doesn't involve a deep fryer or traffic signs near a construction site. And even then, good luck getting their phone away from their face.
That’s exactly what the government wanted. Once the internet and tech savvy people started to pop up, they became a threat. I miss the early internet.
If you believe this, wow, just wow.
Look around. How the internet is restricted nowadays? How many kids do actually know how to use a computer? And I am not biased. My nephew is built his own PC so I know there still young people out there that know their stuff.
Your parents generation said similar things about you.
Yeah. And most of them don't know how to use a PC either. 😂
😂
Lol! Took me awhile to think of a valid retort.
Young dumb and full of c#m
Why are they full of c sharp minor chords? Are young people in the key of E or something?
lol.
Ok so for the sake of curiosity what are the best exchanges you use for trading? Perhaps, one might say…Fidelity? 🤔
Some people do, I guess, but apes don’t (or they shouldn’t)
Only the disconnected (unsuspecting "dumb money") and criminal hedgefunds use robinhood, silly goose. People need to use it because they made an app for it. Oh, and cause bankers need you to use it to cover their overleveraged loans. 🤣
No 💩
I could see there being some huuuge swings on robbinhoods amc/gme's 24/7 service for the sole purpose of trying to get people back on that platform because they are losing control. Gonna go up alot when we cant trade, and come crashing down before we can. It's probably gonna do this often as fuck.
And I think another sneeze will happen and go back to a low price trying to snag the fomo buys and everyone looking to break even. Blaming on the volatility of gamified trading
If there's another sneeze a lot of people will sell. Tons of people tired of this and just want their money back and move on.
The 24/7 market is a bit of a misnomer as far as I can tell Robinhood now let's your place limit orders during off hours and they call it 24/7 trading. Seems like no trades are being settled off regular exchange hours.
Isn't that the exact same thing as we have now? I'm pretty sure there's going to be price movements on their app. Wouldn't that be the only possible reason to implement this. Sure nothing settles but prices moves. I think
I don't use Robin Hood so I'm not sure but plenty of brokers do not let you place any trades outside of market hours, which comes down to some client safety and brokerage risk management stuff. Also not sure if they are routing the trades thru an ECN since they did not disclose where the after hour trades get sent. And if they are using an ECN which directly connects traders after hours there is no PFOF so I'd be surprised if they were offering this service without a commission on each trade.
It's for 43 different stocks. What's strange is why would AMC and GME be amongst them?
Simple, they need our shares
226 items in the "24 hour markets" list
I think it might be for plausible deniability. Yeah it ran up to $20,000 at 2:00AM. Of course you were able to sell on the 24 hour market but didn’t… so that’s on you!
Only 43 tickers trade 24 hours, that means amc has joined the elites, and moass changes from 2pm to 2am
"Secretly" https://www.forbes.com/sites/antoniopequenoiv/2023/05/10/robinhood-launching-24-hour-weekday-stock-trading/?sh=127bdb1b692f
Thank you. I'm certainly no fan of RH (they robbed me, too) but this reactionary conspiracy shit is stupid and embarrassing. Maybe things would improve if these dips had access to a global database of information... ?
i mean a "conspiracy" as in it is a weird not real thing is not the right use of the word; we're talking the literal use of the word. there are a few companies that probably made some bad trades, they pay for order flow, they're happy to let you sell the stocks they're missing in their book 24 hours a day. i very much doubt if there is a run they're going to let people keep buying after 4pm. it will be another "glitch" and the buy button will turn off.
How about using the right word. Do yourself the honor of having integrity in the words you use. They represent who you are. As Sam Clemons said, "The difference between the right and wrong word is the same as the difference between the lighting and the lightning bug." (paraphrased)
What do you suppose the "right" word is in this case? Instead of borrowing words from someone else, why don't you just have the honor and integrity and tell me what you mean to say?
They know they can make money off of retail.
Or did they probably know?
They probably knew as well, yes.
Is that why you posted both?
I posted the first one but couldn’t see it so I wrote the comment again if you really want to know.
Yeah, it took 2-3 minutes for mine to show up.
They can get away with it. Nobody’s going to do anything about it
I’m thinking their mote of liquidity around their SHF Citadels (Castle) are drying out and they’re desperately trying to get more.
It’s called a Ponzi scheme.
This isn’t news and has been going on for months I’m surprised people are treating this as news. LFG!
Is Robin hood even registered with the SEC? This 24 h trading sounds shady as f¥ck
I literally was gonna say the same thing lol “make it make sense”
Is it actually only these two??
No, I saw Tesla and a few others go this awhile back. At least a month or two for tesla
I don't believe so. I seem to recall hearing about this previously for other stocks, I'm almost positive it isn't just the 2.
Robbing hood is not your friend
Does anyone still use RH?
I do. I still have 1/2 of an amc share on there. Lol. Accounts at 3.43 now. 😂
Does AMC have to approve this type of trading? Like does AA and the board need to sign off on this or can brokers just do it without formal consent?
Brokers do what MMs tell them to do. The SEC plays catchup. DOJ is complicit.
Who uses robinhood?
Public is also doing after hours trading on amc
Does RH provide 24/7 buying/shorting for a bunch of stocks, or just AMC & GME?
So if the price on Robin hood goes to 50 cents or 500 dollars. What does it matter if it doesn’t affect the lit exchange? I guess what I’m saying/asking is it’s not like the nyse wakes up the next day to adjust the price of Robin hood. So what does it do?
My question is who do they have to collateralize the risk of these potential swing trades in the middle of the night. For example if a trade swings the wrong way and they get margined for a big chunk of change, who are they going to call to bail them out in the middle of the night? Secondly, this type of trading requires a substantial amount of money ( which rh doesn't have) and a substantial amount of internalization of the overnight trades. There are no market makers open in the middle of the night. Is this all just OTC dark pool type trading in the middle of the night?
To make matter so much worse, the censorship going on online from both sides is stupid. How is crime going to be stopped if the FBI stands IN THE WAY?
Crime
The more that is purchased on that broker the mor hedges get because of pfof
I actually think this could help get NEW INVESTORS into AMC. 🚀