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Post by sweep on Jan 19, 2021 15:09:12 GMT -6
Eeek........No frontrunning is illegal and all trades are timestamped both when directed and then again when executed. It all goes first come first served. Besides in this situation the trades are so small no one is going to make money by letting them sit around unexecuted. Robinhood may indeed have a pay-to-play arrangement but your executions will be at the inside quote. You seem to know something about this. So what's the catch with Robinhood getting kickbacks from market makers? Everyone both on the buy and sell sides of the market has either a pay-to-play or a soft dollar arrangement of some kind. As long as execution is fast and orderly it's really a win win for everyone. Most deals are only like a half cent a share. |
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Post by williamtsherman on Jan 20, 2021 20:55:56 GMT -6
My investment strategy is to put my savings into a somewhat diversified array of the lowest fee funds I can find, and then never ever look at them or think about them.
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Post by chirpchirpcards on Jan 21, 2021 10:50:43 GMT -6
Bought my first $50 in stocks today. And I've already made 27 cents! Fucking rolling in the pennies, boys!
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Post by villagepub on Jan 21, 2021 11:35:56 GMT -6
I don't know. I give my money to the Duke Brothers and they invest it in commodity futures for me.
I hear pork bellies are a sure bet. Maybe concentrated orange juice.
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Post by chirpchirpcards on Jan 21, 2021 11:40:48 GMT -6
I don't know. I give my money to the Duke Brothers and they invest it in commodity futures for me. I hear pork bellies are a sure bet. Maybe concentrated orange juice. I put my money in kiwi fruit...the fanciest of all the hard-to-eat fruits |
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Post by sweep on Jan 21, 2021 11:55:01 GMT -6
I don't know. I give my money to the Duke Brothers and they invest it in commodity futures for me. I hear pork bellies are a sure bet. Maybe concentrated orange juice. I give all my commodities money to Hillary Clinton, her track record is 100%. |
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Post by 00hmh on Jan 21, 2021 18:56:21 GMT -6
My investment strategy is to put my savings into a somewhat diversified array of the lowest fee funds I can find, and then never ever look at them or think about them. Not easy to beat that strategy long run. And the not looking at it all the time is a payoff right now. Maybe look at risk and rebalance occasionally, especially if close to retirement. As much as possible in Roth IRA and tax deferred accounts! Give a choice with the prospect of higher taxes down the line those Roth dollars look better than ever. |
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Post by chirpchirpcards on Jan 22, 2021 17:34:59 GMT -6
Put $50 in Gamestop yesterday and the stock rose 51% today as the shorters are getting squeeezed out
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Post by Lurkin McGurkin on Jan 28, 2021 10:15:55 GMT -6
Looks like Robinhood is in hot water after stopping sales of Gamestop and others.
Chirp, how'd you make out on GME? Hope you got out before yesterday.
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Post by villagepub on Jan 28, 2021 10:45:46 GMT -6
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Post by Lurkin McGurkin on Jan 28, 2021 10:52:12 GMT -6
I'm in on 100 shares of AMC Entertainment. Pretty wild.
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Post by chirpchirpcards on Jan 28, 2021 14:43:10 GMT -6
Looks like Robinhood is in hot water after stopping sales of Gamestop and others. Chirp, how'd you make out on GME? Hope you got out before yesterday. Yeah I got in at like $46 or something and ran at $125 before all the shit started stirring. Would I have liked to ride that roller coaster up to $350? Sure, but I just didn't feel comfortable in it. Speaking of Robinhood and the retail stock fuckery happening, when was the last time AOC, Ted Cruz, and Donald Trump Jr agreed on something? This is some seriously crazy shit happening right now |
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Post by chirpchirpcards on Jan 28, 2021 14:44:41 GMT -6
A class action lawsuit has already been filed against RH in NYC, and I bet that's the first of many against retail brokers who froze accounts or forced selling/holding instead of buying. (All while brokers and Wall Street saw no restrictions in their ability to move about the market)
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Post by sweep on Jan 28, 2021 16:57:05 GMT -6
This ought to be amusing.
"Rep. Maxine Waters (D-CA), chairwoman of the House Committee on Financial Services, announced plans for an investigation into the situation, pointing to a history of "predatory conduct" from hedge funds.
Waters didn't call out Robinhood or any other trading services by name, but did note that a future hearing would focus on the systemic financial impact of short selling, "gamification" and online trading platforms. The hearing date is not yet set."
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Post by sweep on Jan 28, 2021 17:02:02 GMT -6
against retail brokers who froze accounts or forced selling/holding instead of buying. (All while brokers and Wall Street saw no restrictions in their ability to move about the market) Firms often restrict orders when a stock is trading in a disorderly fashion. It happens all the time. Suppose you put in a market order to buy 50 shares when the inside quote was $40 and four minutes later your ticket filled at $130/share. Then you would complain about that. I can guarantee you it's spelled out in the contract you signed with Robinhood. I have no idea why the media is acting like short squeezes are anything new. When you get a bunch of guys discussing the stock market on a sports message board it's a sure sign the market is overbought. |
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