this post was submitted on 05 Aug 2024
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[–] [email protected] 22 points 3 months ago (2 children)

Robinhood killed 24 hour trading. Dip is apparently being bought now that premarket is open. Very sketchy tho.

[–] [email protected] 37 points 3 months ago (3 children)

I think at this point anyone still on Robinhood knows what they're getting into. If after turning off the buy button you didn't get a big boy broker, that's on you.

[–] [email protected] 10 points 3 months ago

The other brokers didn't need to turn off the buy button because they didn't extent free credit to anyone with a pulse

[–] [email protected] 7 points 3 months ago

I think the real Robinhood is rolling in his grave. And his merry men as well, they're all spinning in their collective, fictional graves.

[–] [email protected] 2 points 3 months ago (1 children)

Which ones would you recommend?

[–] [email protected] 2 points 3 months ago

I use Fidelity and Vanguard. Fidelity's trading app is fantastic.

[–] [email protected] 2 points 3 months ago (1 children)

What's robinhood have to do with the market dunking overnight? I can't fathom any real relation.

[–] [email protected] 3 points 3 months ago (1 children)

It's the largest 24 hour brokerage in the US. There was too much sell volume, that their execution venue had to stop it which is a pretty big deal.

[–] [email protected] 1 points 3 months ago

Largest by individual accounts, maybe. No way were enough robinhood users watching Japan's market in the dead ass of the middle of the night to sell off all those billions worth of stocks to make such a dive. Those hits were taken due to institutional sellers.