GameStop episode 4: A new Hope of stonks

Edub

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Most use it for cheap options and free margin, which isnwhy it is popular on wsb. Plus the best app ui

It doesnt compare anywhere else to other places like fidelity or whatever, especiallynwith customer service. And they have had plenty of blackouts

-you can't short sell
-the spreads are fukked because of their "zero fees"
-their market data and research resources are severely basic and lacking
-can't earn dividends
-they sell your activity to third party firms

Their gimmick is they are fast to sign up, streamlined app, and no deposit minimums. If you only have a rack to put up and just wanna sit on something like Tesla for awhile with limited knowledge, sure give it a go. But if you take it serious you will eventually get to a point where you want to deep dive more into companies, be more active day trading, and RH as a broker offers nothing worth using at that point.



Thanks for the information brehs.... @GunRanger ironically I use fidelity for my stock purchases usually, BUT.....Robinhood has been in my inbox like crazy wit the advertisements so finally I buy.... I bought a share, yes a share of Ride (an electric truck manufacturer out of Ohio operating with GM’s blessing) just to see how it went and it was so simple I was in awe and impressed. So it’s good to hear the other side of the coin.... cuz @julesocean i was askin myself why am i not just using Robinhood bein it’s so simple:yeshrug:


I did like the concept tho......until they were proved to be no different yesterday
 
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