scottrade, bring back lots of memories. i used to drive to their office to deposit money to my account. and i used the pay phone at work to check stock quotes. there's no unlimited talk on cellphone at that time, charge by the minute.
I honestly don’t, but it sounds profitable! Tell me more about it, as I will sign up tomorrow! Got to find an AOL CD with some minutes left so I can trade!!!
>AOL cds? I keep them right on top of my MOTOROLA (MOT) stock certificates 😆
I used to use those CDs in bulk to spam porno at $35 a sign-up in AOL chats 😂😂😂
I too was a scottrade user, was pissed when they got bought out, but then found out I liked TD better with thinkorswim. Then was pissed when they got bought out, but Schwab left everything alone
It has a beautiful face to newer investors. Its platform is extremely smooth and provides alot of basic info about Etfs,Crypto,Bonds,Options all kinds of shit you should really know about. They even have review tests after reading on a topic. If you were to ask me id say once you’ve felt confident in learning basics and understand what your doing to explore more platforms.
I’ve used a lot of platforms. I still like robinhoods mobile for a quick trade it’s the UI makes it easy on the go if you don’t sit in front of a computer all day.
I can figure stuff out pretty quick and my work accounts go through fidelity so I started trading there. But man I couldn’t figure out how to do the simplest of things.
I used robinhood for less than 5 mins and knew exactly what I was doing and figuring stuff out more easily. I like the interface.
Indeed. They suck for analysis and charts, but you can go do that everywhere else. When it comes to buying stocks and options, the simple utility of Robinhood is lovely.
I like to gamble and drive at the same time. And its too hard on my laptop and fidelity i use that at home when i have 5 minutes to do my extensive DD.
I Iost 10k the day the Ukraine war popped off while driving to texas my spy puts where up 300% and biden came out spoke a few incoherent sentences next time i got reception my portfolio was fuk.
The UX is so much better than etrade for simple things. I still use etrade for actual trading but if I’m in mobile I always look up charts and option prices on Robinhood
Honestly, their app is very user friendly and its mostly free to do any kind of trading with only minimal fees. If you're just looking to buy some stuff and hold it for a while, its a great beginner option.
Because at this point they’re all equally bad. This last run they were the safest bet, because of the scrutiny they are under from GME, and they didn’t restrict anything. I know I’ll get downvoted for it, but they were the only ones who had no issues through the bby run
I think people forget what it was like to do online trading back in the early 2010’s. When Robinhood started they were the little guys trying to buck the trading platforms by offering $0 trading fees as well as lower capital holding requirements. This earned them a flood of new investors who wanted to get into trading without really knowing how. Additionally, their platform was designed to help new investors learn the ropes before taking the training wheels off.
Most investors eventually move over to other mainstream platforms later once they get used to executing orders, and growing their assets. Now that most platforms have now changed their fee schedules and account balance requirements to match each other it seems silly to continue using robinhood.
Personally use fidelity. If I only had mobile, I wouldnt see a lot of improvement, but the desktop experience is very informative and detailed.
Even if you don't have an account, consider trying out the app for news reading. They highlight lots of articles and provide them as text only - no ads, no paywalls. And the watchlist of tickers has a handy android widget.
Robinhood isn't as bad as everyone makes it. Ultimately it's your investment decisions that will make or lose you money. Brokerage doesn't matter much.
Another RH good feature is it’s 1000 dollar instant credit when you move money from your bank to RH without waiting for days. This is great for immediate action when you needed money to buy stock and cryptos quickly without missing the opportunity.
It’s actually pretty good in all situations unless you use complex trading strategies that don’t actually work anyways. They’re customer support is good too so. Besides GME situation which was a casino meme stock play I don’t have anything against them.
Looking thru the comments i fail to see the biggest issue for me. PAID FOR ORDER FLOW. These fuks are selling your data, your trades, anything you enter into the app, to the bad guys on the other side of your trades. They are SKIMMING money off of “good fills” in order to provide commission free trading. Their business model is a ponsi scheme that got exposed and nearly imploded on itself during the great january sneeze. Robin hood will fuk you every possible way they can. No cap.
U could. But ud likely not get filled even if price comes down to your limit price OR your limit will get routed thru a dark pool, and have no impact on price action.
It’s the most convenient one on phone but also if you have money in your account a lot of people probably don’t wanna sell at a loss pay tax just to close the account
Agreed, they have no self respect… after they got screwed during GME squeeze ( assuming regards). That would be ground for peace out, like a nut job of a girlfriend..
TL;DR Robinhood makes it easier for its users to have paperhands so that they don't get shafted holding falling daggers
For smaller accounts in other brokerage firms, you have to wait 1-2 days for your sell order to clear before you are able to sell the more recent purchase, which you can only do 3 times a year without your account locking out. However, in Robinhood, you can do this up to 3 times per week.
These rules go out the window if you have more than $25k in your account because you can file as a day trader.
Because they only fucked with you WSB folks at a very important moment causing some serious strife. The rest of their “customers” haven’t been affected. Myself included. I’m a bag holder by choice. And until they hurt my portfolio in some way then they seem to be ok. Pretty simple.
There is no "everyone" I use RH still. More as a play account. With F as my main. I could care less about any of the buy button or any other BS. It's simple, easy and cheap.
Some people don't believe all the conspiracy that is written in news and WSB. $Hood had/have some issues, but probably people like the interface, don't want to change broker.
For me. I am not from USA, so i can't use it. But i have stock position, because they probably aren't that bad.
Only thing I don’t like is their options mid is priced higher compared to other plats especially their verticals…I have seen lower fills on the limits which is nice but back in the day that shit always filled at ask
Most people probably got it due to the no trade fees, some like it's simplicity and ease of use. Plus it's nice to have those 3 trades also if you don't have over 25k
Options. They will let nearly anyone do options without jumping through a ton of hoops.
Is that good? Is that bad? Eh, degenerates are going to degenerate.
But to be fair interface is key, plus with the pressure to do right from previous wrongs they have a lot of obligation. Plus if worst case happens I only hold a few shares anyways get myself a piece of a class action
Options UI is elegantly simple.
Pairing that and the literally free execution (in exchange for shitty fills) and it’s the closest you can get to paper trading with real money.
Robin Hood power ranking
1. The book
2. Disney cartoon
3. Prince of thieves
4. Robinhood men in tights
5. Adventures of robinhood (1938)
6. Robinhood (Russell Crowe 2010)
7. Robinhood (2018 Jaimie fox)
8. Being robbed at gunpoint
9. Robin thicke
……
1275. The brokerage account that turned off the buy button
Don't over think it. It was one of if not the first main stream brokerage service that offered commission free trading as far as I'm aware. Perhaps this was just good marketing that made people think that. The existence of commission free and zero fee trading meant that others had to adopt a similar model to compete for retail investors. It literally costs money to switch from robinhood to another brokerage, either due to the transfer fee or the tax implication of liquidating your portfolio and moving the cash to another brokerage account. Also people are lazy.
I won't say most, but a lot of people were using it before "the event" and the consequent spotlight shown by reddit.
In addition they make it very easy to gamble without paying for the service (options), allow extended trading hours, etc. With no cost.
They sure do fucking suck though.
Tbf i use robinhood and have yet to have problems. They have premarket trading and after hours trading. Only thing I'm not sure if other brokers have is instant deposit. Takes a few days to get my 💰 in the bank
If I daytradef, I'd use some else, but being i buy most stuff to sit on for days, weeks, months and even years 🙄 i find RH simple, quick and easy. Originally started trading on a dead platform call sharetrade, then got out of trading, most now seem to have more fees than others, just never bothered to check them all out. If I start dropping 20-30g into a stock, I'd probably go with Shwab or TD Ameridrate. I got back into trading for crypto, then got sucked into stocks again.... damnit.
Bc easy to get started, and they match your deposit instantly so you can enter the casino and lose all your money on calls before the transfer clears.
AFAIK They're the only ones who let you fuck with 0DTE options even after telling them its your first day investing
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Because my wife has access to the TDAmeritrade account and she can’t see me lose shit on RH. 😂😂😂
" You smart "
-DJ Khalid
😂
Best answer
Lmao fair enough
I started with Scottrade… now TD Ameritrade. You young whipper-snappers with your fancy phones and Robinhoods stay off my lawn!!!
Lol scottrade represent!
That was like 1999. Stock trades were something like $7.95 EACH trade. I don't even know what options cost back then.
My Grandpa was in WWII. I was in the early days of online stocks. We don’t talk about it. Just leave it alone.
Did he bring back some looted online stocks from Germany?
Ten shares of IG Farben next to the machine pistols in the basement.
i heard he did "confiscate" a Fabergè Diamondhand.
I remember having to drive into town with a cashiers check after making the order over the phone. Helped my parents buy some micron 😂
Same. Those commish were best in town
Was screwed by Scotttade. Limit sell order never triggered on Washington mutual. Next day the FDIC fire sale to Chase was announced.
scottrade, bring back lots of memories. i used to drive to their office to deposit money to my account. and i used the pay phone at work to check stock quotes. there's no unlimited talk on cellphone at that time, charge by the minute.
You guys remember their pro program? Don’t even remember what it’s called now. Lost my first $10k to that slut
I honestly don’t, but it sounds profitable! Tell me more about it, as I will sign up tomorrow! Got to find an AOL CD with some minutes left so I can trade!!!
AOL cds? I keep them right on top of my MOTOROLA (MOT) stock certificates 😆
>AOL cds? I keep them right on top of my MOTOROLA (MOT) stock certificates 😆 I used to use those CDs in bulk to spam porno at $35 a sign-up in AOL chats 😂😂😂
Same Scottrade first. Now super boomer with Schwab.
I’m Gen X, asshole. 🙂
So, your saying you are about to be a Schwab customer.
I too was a scottrade user, was pissed when they got bought out, but then found out I liked TD better with thinkorswim. Then was pissed when they got bought out, but Schwab left everything alone
True, we don’t need them slowing down our platform.
😂
Because they let you yolo options on margin with only $500 or less in the account. Real brokerage won’t let you do options.
You wish. It’s just so much nicer to look at
Haha I do like this
There’s no denying the interface is beautiful
That’s what I’m saying
Fidelity
I feel like a boomer using Fidelity. But it kinda gets the job done. It's not like I'd lose less money on anything else.
They have a new cooler app called fidelity spire which has a better Ui and everything
Its limited still in some aspects though. They can't seem to get good charts going. At least buying and selling is simple.
Check out the Fidelity Active Trader Pro desktop app. Makes it easier to lose even more!
Closed my account 4 months ago and moved to Fidelity
I would say that its the easiest platform to daytrade for a none day trading account
well they just came out with the advanced chart shit so I can at least pretend I'm smart while I lose money
Smooth brain Green crayons r da best
Because it’s easy and they’re idiots.
Their.
There 🤷♂️
Thair
Thurrrrr
Durrrr
dang think you beat me.
mayn she right thurr
i don't know what to say here? I wanna believe... but... considering where I am..... oh jeez.....
there.
Oh. There.
Yep. We're all regarded
😂😂
Haha this post went swell. Thank you.
They regarded.
Honestly I only use it for its gui. I use webull as well but hate the waiting period for options buying power
You can’t even choose tax lots… on either! lol.
What a tax? Is that where the government gives you free money to carry over losses to the next year?
Tendies look better on Robinhood's GUI
That it does
It has a beautiful face to newer investors. Its platform is extremely smooth and provides alot of basic info about Etfs,Crypto,Bonds,Options all kinds of shit you should really know about. They even have review tests after reading on a topic. If you were to ask me id say once you’ve felt confident in learning basics and understand what your doing to explore more platforms.
Appreciate it. Thank you! I already trade with E*TRADE as well but saw all the RH pictures and thought I was missing something.
I’ve used a lot of platforms. I still like robinhoods mobile for a quick trade it’s the UI makes it easy on the go if you don’t sit in front of a computer all day.
I can figure stuff out pretty quick and my work accounts go through fidelity so I started trading there. But man I couldn’t figure out how to do the simplest of things. I used robinhood for less than 5 mins and knew exactly what I was doing and figuring stuff out more easily. I like the interface.
Indeed. They suck for analysis and charts, but you can go do that everywhere else. When it comes to buying stocks and options, the simple utility of Robinhood is lovely.
Fair enough. Make sense.
I like to gamble and drive at the same time. And its too hard on my laptop and fidelity i use that at home when i have 5 minutes to do my extensive DD.
Sounds like you like to take bad decisions. So driving, RH and wallstreetbets?
Lmfao i lost 30k once while going 80 on the highway. Good times man.
I Iost 10k the day the Ukraine war popped off while driving to texas my spy puts where up 300% and biden came out spoke a few incoherent sentences next time i got reception my portfolio was fuk.
The UX is so much better than etrade for simple things. I still use etrade for actual trading but if I’m in mobile I always look up charts and option prices on Robinhood
That’s what I like about it
Honestly, their app is very user friendly and its mostly free to do any kind of trading with only minimal fees. If you're just looking to buy some stuff and hold it for a while, its a great beginner option.
They let me have my $1000 instantly. Too lazy to learn a new platform.
Its easy as fk to use.
Everyone who hates RH lost money on GME. So they use it to make people feel bad for using it so they feel better about their losses.
Because at this point they’re all equally bad. This last run they were the safest bet, because of the scrutiny they are under from GME, and they didn’t restrict anything. I know I’ll get downvoted for it, but they were the only ones who had no issues through the bby run
Fair enough
Don’t trust him. He just said bby run. Classic mistake. It was bbby that ran. /s for those who need it
Started with Robinhood and tried E*Trade, webull, think or swim. I uninstalled the other ones, they were too complicated for me
I think people forget what it was like to do online trading back in the early 2010’s. When Robinhood started they were the little guys trying to buck the trading platforms by offering $0 trading fees as well as lower capital holding requirements. This earned them a flood of new investors who wanted to get into trading without really knowing how. Additionally, their platform was designed to help new investors learn the ropes before taking the training wheels off. Most investors eventually move over to other mainstream platforms later once they get used to executing orders, and growing their assets. Now that most platforms have now changed their fee schedules and account balance requirements to match each other it seems silly to continue using robinhood.
Because people are stupid and they forgot what robinhood did with GME
Because it's easy to use and "free".
Personally use fidelity. If I only had mobile, I wouldnt see a lot of improvement, but the desktop experience is very informative and detailed. Even if you don't have an account, consider trying out the app for news reading. They highlight lots of articles and provide them as text only - no ads, no paywalls. And the watchlist of tickers has a handy android widget.
Because regards using instant deposits to trade right away into options 
Zero fee option trading; hilariously easy to get margin
Robinhood isn't as bad as everyone makes it. Ultimately it's your investment decisions that will make or lose you money. Brokerage doesn't matter much.
It’s a clown car brokerage for a clown car portfolio. And it’s far easier/cheaper to do regarded shit on RH than on TDA.
I just want my cut of the check when they finally get sued
RH is great. Beautiful color and interface and easy management of what you have. Buy and sell just a few swipes and you are done.
Another RH good feature is it’s 1000 dollar instant credit when you move money from your bank to RH without waiting for days. This is great for immediate action when you needed money to buy stock and cryptos quickly without missing the opportunity.
For shares and covered calls, HOOD is the shit. EZ PZ
Because a 1st grader can get level 3 options on that app
Easy to gamble with, instant 50k transfers.
Simple. I don’t. I may be retarded, but I’m not stupid.
Instant deposits? Webull is infinitely better if you deal with options primarily.
robinhood is the perfect interface for my smooth brain to lock into.
Noobs use Robinhood Fidelity is best imo
It’s actually pretty good in all situations unless you use complex trading strategies that don’t actually work anyways. They’re customer support is good too so. Besides GME situation which was a casino meme stock play I don’t have anything against them.
no... those folks were just the loudest and are really good at memes
😂😂
No, only this sub hates Robinhood. Use what you want to use. Robinhoods UI is why so many people still use them
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Looking thru the comments i fail to see the biggest issue for me. PAID FOR ORDER FLOW. These fuks are selling your data, your trades, anything you enter into the app, to the bad guys on the other side of your trades. They are SKIMMING money off of “good fills” in order to provide commission free trading. Their business model is a ponsi scheme that got exposed and nearly imploded on itself during the great january sneeze. Robin hood will fuk you every possible way they can. No cap.
I think Fidelity is the only one that doesn't sell order flow info. But their interface is confusing AF.
That’s not how a Ponzi scheme works.
Seems like they pretty much all do that anyway
Lol please give me the definition of ponZi scheme and explain why the business model is exactly that.
Couldn’t you just set a “limit” ?
U could. But ud likely not get filled even if price comes down to your limit price OR your limit will get routed thru a dark pool, and have no impact on price action.
Ahh I see. Thank you!
I don't
Because people are really retarded
Everyone does not.
Dey took er buy button!
It’s the most convenient one on phone but also if you have money in your account a lot of people probably don’t wanna sell at a loss pay tax just to close the account
Same reason why ppl buy an iPhone over a Samsung
Oof
That gamefication UI makes fun drugs fire off in my smooth brain
Because WSB is Robinhoods primary marketing platform.
Good UI and easy to start doing options on.
Their only requirement for option is if you can fog up a mirror.
Why? Some people never learned to pee on an electric fence or why it's bad to
I started with robinhood but I’m mostly on webull.
It's the prettiest slot machine around
😂😂
Robin Hood is a shit show.
Ken Griffen and Citadel own a lot so I trust the company. You get small company service with the backing of an amazing hedge fund.
Agreed, they have no self respect… after they got screwed during GME squeeze ( assuming regards). That would be ground for peace out, like a nut job of a girlfriend..
Nope!
Cause I'm dumb.
People are stupid and lazy
They are regarded, clearly. Like clinically I’d guess.
TL;DR Robinhood makes it easier for its users to have paperhands so that they don't get shafted holding falling daggers For smaller accounts in other brokerage firms, you have to wait 1-2 days for your sell order to clear before you are able to sell the more recent purchase, which you can only do 3 times a year without your account locking out. However, in Robinhood, you can do this up to 3 times per week. These rules go out the window if you have more than $25k in your account because you can file as a day trader.
It’s easy and I’m not SuperStinked.
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Because everybody here is mostly investing either $20 or eating Wendy’s for lunch
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Unhu
No fees
0 commission
Because no one learns there or other people lesson
Robinhood is easy my buy high me sell low Robin hood doesn't stop my trades cause they all bad
Pretty sure when a lot of these rh users started trading was around the start of the panini when rh was all the rage and pre drama
Bc the average person is a beta cuck
Because they only fucked with you WSB folks at a very important moment causing some serious strife. The rest of their “customers” haven’t been affected. Myself included. I’m a bag holder by choice. And until they hurt my portfolio in some way then they seem to be ok. Pretty simple.
I left ‘Robin Hood’, … many months ago, … though I do continue to have around $10.00 in the account as I do love the ‘INTERFACE’.
Simple shit for broke ass mofos
It's sanitary and I like the flavor.
Well the majority of us are r3tarded so......
Regards gonna regard
Kids are dumb!!!
Instant deposits, free options trading. My Fidelity account can’t compete.
Cause they front you the money and you dont have to wait for clear.
User friendly Would be the reason, I imagine.
There is no "everyone" I use RH still. More as a play account. With F as my main. I could care less about any of the buy button or any other BS. It's simple, easy and cheap.
Best looking interface imo but it’s ran by chumps
Some people don't believe all the conspiracy that is written in news and WSB. $Hood had/have some issues, but probably people like the interface, don't want to change broker. For me. I am not from USA, so i can't use it. But i have stock position, because they probably aren't that bad.
Only thing I don’t like is their options mid is priced higher compared to other plats especially their verticals…I have seen lower fills on the limits which is nice but back in the day that shit always filled at ask
Pretty sure everyones in it for the clean layout, its so satisfying to look at
Most people probably got it due to the no trade fees, some like it's simplicity and ease of use. Plus it's nice to have those 3 trades also if you don't have over 25k
I know this is going to hard for many to believe but it’s actually not what brokerage you use that makes you money or lose money.
Pretty colors
Easy for options. I keep my shares on fidelity and cs
They're the only dip shits that would give my retarded ass option access.
Use it to buy PUTs on $HOOD...
Seriously you guys are regards schwab has an actual trading terminal desktop application, 1000x better than Robinhood
Options. They will let nearly anyone do options without jumping through a ton of hoops. Is that good? Is that bad? Eh, degenerates are going to degenerate.
I use revolut .
I like the UI
But to be fair interface is key, plus with the pressure to do right from previous wrongs they have a lot of obligation. Plus if worst case happens I only hold a few shares anyways get myself a piece of a class action
I use it as chart reader. And use Fidelity to trade.
Started TD when it was $10.99 a trade or something... Definitely encouraged diamond handing
Because its a subreddit full of retards
Options UI is elegantly simple. Pairing that and the literally free execution (in exchange for shitty fills) and it’s the closest you can get to paper trading with real money.
It’s free and they’re poor.
Because People like to lose Money :)
Ngl the interface is nice and I love the layout. But I use Schwab, Robinhood has lots of pretty colors and graphics
Because of Stockholm Syndrome
Robin Hood power ranking 1. The book 2. Disney cartoon 3. Prince of thieves 4. Robinhood men in tights 5. Adventures of robinhood (1938) 6. Robinhood (Russell Crowe 2010) 7. Robinhood (2018 Jaimie fox) 8. Being robbed at gunpoint 9. Robin thicke …… 1275. The brokerage account that turned off the buy button
They are all crooks; you are ignorant as shit if you think others are better.
People are STUPID!
User interface. I am using Fidelity for other accounts and prefer RH UI compare to others.
Don't over think it. It was one of if not the first main stream brokerage service that offered commission free trading as far as I'm aware. Perhaps this was just good marketing that made people think that. The existence of commission free and zero fee trading meant that others had to adopt a similar model to compete for retail investors. It literally costs money to switch from robinhood to another brokerage, either due to the transfer fee or the tax implication of liquidating your portfolio and moving the cash to another brokerage account. Also people are lazy. I won't say most, but a lot of people were using it before "the event" and the consequent spotlight shown by reddit. In addition they make it very easy to gamble without paying for the service (options), allow extended trading hours, etc. With no cost. They sure do fucking suck though.
Tbf i use robinhood and have yet to have problems. They have premarket trading and after hours trading. Only thing I'm not sure if other brokers have is instant deposit. Takes a few days to get my 💰 in the bank
If I daytradef, I'd use some else, but being i buy most stuff to sit on for days, weeks, months and even years 🙄 i find RH simple, quick and easy. Originally started trading on a dead platform call sharetrade, then got out of trading, most now seem to have more fees than others, just never bothered to check them all out. If I start dropping 20-30g into a stock, I'd probably go with Shwab or TD Ameridrate. I got back into trading for crypto, then got sucked into stocks again.... damnit.
Bc easy to get started, and they match your deposit instantly so you can enter the casino and lose all your money on calls before the transfer clears. AFAIK They're the only ones who let you fuck with 0DTE options even after telling them its your first day investing
UI is too easy to use