Robinhood Application

[Anonymous No.18992271]

Why does it feel like I'm selling my soul?

[Anonymous No.18992334]

Idk senpai but I don't think you should use Robinhood. It's not very good, and a lot of complaints exist for it. I use webull these days and imho, way better. Full after hours trading, more complicated and useful market data, better layout to give you an idea of the total market, and more complex order types. The way Robinhood handles options is why I left, order types are whack. Here's a link if you want to help me poo in the loo https://act.webull.com/i/Q7r61HVDk7aP/oo6/

As far as your thread goes, I blame the SEC more than anything. They write a lot of these rules and force them to be enforced on retail traders to make sure you can't make it.

[Anonymous No.18992469]

>>18992271
because the second you need to sell something it will "go down" and you will lose all your money

[Anonymous No.18992551]

>>18992334
Fuck that. I downloaded Webull when the RH nonsense was going on and it's horrible. Look at any option premium on webull, and then look at the exact same contract on RH, webull is higher everytime, they're clearly pocketing some difference. Can't buy options with instant deposits. Shitty looking UI on top of everything else.

[Anonymous No.18992650]

>>18992551
What do you use?

[Anonymous No.18992674]

>>18992551
RH averages the bid and ask. You dont get the price they list necessarily

[Anonymous No.18992679]

>>18992551
My Robinhood options never execute at the lower spread and I have NEVER not been able to buy options with my instant deposits. Not sure what you're after on that one.

[Anonymous No.18992687]

>>18992650
I went right back to RH after trying TDA after WeBull. I'm not happy with it, but I'm not paying Jews for market data.

[Anonymous No.18992710]

>>18992674
No shit, yet it's the same bid and ask at WeBull, yet the premiums always higher. There is no legitimate reason why an option contract would have a different premium on different platforms, the bid/ask isn't unique to platform. Every premium is an average of the ask and bid, yet Webulls average is higher; They're clearly inflating contracts and pocketing the difference.

[Anonymous No.18992739]

>>18992679
Set a limit order. Post an S/S of not being able to buy options with instant deposits. It's literally the only way I trade is buying options with instant deposits. I've never had a single issue before.

[Anonymous No.18992790]

>>18992687
>>18992710
>>18992739
>taking investment advice from a retard who cant multiquote

[Anonymous No.18992797]

>>18992710
>>18992674
Here's an example, look at the 290 call for Monday, closed out on RH at 4.25, WeBull has it closing at 4.66. Really would love to know where that $31/contract extra goes.

[Anonymous No.18992814]

>>18992790
> Because it's impossible that I would reply, and then other replies load
>>18992790
> Don't take investment advice from someone who isn't a 4chan pro
Always do the exact opposite of what/biz says.

[Anonymous No.18992879]

>>18992797
Can't say I run into that, if anything I notice webull has a lower price on the options I have bought personally.

[Anonymous No.18992907]

>>18992271
Get a real broker faggot. Robinhood always crashes when market crashes

[Anonymous No.18992938]

>>18992879
But going by Robinhood, the last sold contract was for 4.64. So seems consistent enough to me.

[Anonymous No.18992984]

>>18992938
https://finance.yahoo.com/quote/SPY200513C00290000?p=SPY200513C00290000
Not sure, I'm a little more inclined to throw Robinhood under the bus here than Webull.

[Anonymous No.18993008]

>>18992879
Here's the bid and ask for the 290c for Monday. Next I'll post the 'bid/ask' from WeBull. Again there is no legitimate reason these would vary.

[Anonymous No.18993027]

>>18992797
>>18993008
Actually already posted here. Notice how the ask/bid are higher on WeBull? It's because they're inflating them. These bid/asks are market wide, they aren't unique to platforms.

[Anonymous No.18993048]

>>18993027
Exactly -- and it looks to me that Robinhood is way off the mark here

[Anonymous No.18993076]

>>18993048
You're retarded. The mark is the last sale. What you're claiming is that RH is lowering the bids/asks, and as a result losing money on every options contract. I think it's safe to say it's more likely WeBull is inflating them and pocketing the difference. It isn't sometimes either, literally every single option contract has way higher bids/asks than anywhere else, despite the fact that it's supposed to be market data.

[Anonymous No.18993090]

>>18993076
> Is not the last sale*
It's the average between the bid and the ask, which again are marketwide and not unique bidders on RH or Webull. There is 0 legitimate reason these numbers should ever vary, and yet WeBulls are always more expensive.

[Anonymous No.18993097]

>>18993076
Rude, bitch. You need to finish the thread before you make a reply I JUST linked you a third party site

[Anonymous No.18993156]

>>18993097
Yes anon, Yahoo is giving you live option info for free, something every broker charges for. It totally makes sense that RH would seek to lose $31 per contract as opposed to WeBull making that money. The problem with your theory is there's 0 incentive for RH to have a lower price whereas there's a massive profit motivator for WeBull to inflate them.

[Anonymous No.18993202]

>>18993076
Actually RH does lower the premiums, but when you sell them they sell for the higher price and RH keeps the difference.

[Anonymous No.18993228]

>>18993156
Ameritrade.

I'm not real sure why you're going to bat so hard for Robinhood here. Consider the following -- Robinhood isn't pulling the most up to date market information and affects the displayed data. I mean, it isn't exactly known for being well programmed in the first place. It isn't that Robinhood is seeking to sell options prices lower...but moreso that their app doesn't work well enough to update fast enough with the data. Or something else is up. I'm not gonna pay for options history data just to really prove one of us wrong or right, but I really don't trust RH looking at what I've seen now. Also >>18993202 is why I stopped using it kek, got tired of orders that should have filled that don't. They blatantly do it with crypto.

[Anonymous No.18993246]

>>18992271
>never used any service ever
Must be nice being 14, unfortunately this website is 18+.

[Anonymous No.18993310]

>>18992679
He's talking about webull you illiterate retard.
>>18992907
Safety feature. Robinhood knows you're retarded and will sell everything for a 95% loss when a crash happens so they shut it down to protect your money.
>>18993097
You're actually a retard and will lose every single cent you gamble with.

[Anonymous No.18993322]

>>18993310
not an argument
>robinhood shills on MY /biz/
Holy fuck I didn't believe it until today.

[Anonymous No.18993401]

>>18993322
I don't 'like' RH. I do like it more than paying Jews at TDA for market data, on top of options contracts. What people love to ignore about the RH glitch crash is even TDA, Schwab and other big names were down for hours days before. I lost hundreds during their crash, and I'd gladly lose hundreds more due to technical glitches than pay Jews for market data.

[Anonymous No.18993556]

>>18993401
What the fuck. That sounds like you lose either way

[Anonymous No.18993999]

>RH thread
Just the place to ask. Should I start to consolidate my portfolio. I bought after the crash

[Anonymous No.18994019]

>>18993999
It's good to diversify, but you clearly don't know how. There's some info on investopedia I'm sure t hat would help you out

I'd condense down to 2-4 holdings at most you're confident on with that kind of money personally.