No, but I'm hopping off RH after this blows over
Exactly lmao. The fucking irony.Nothing says Robinhood like letting the rich steal from the poor.
I've got maybe two gulps of this coffee. Projected finish time is ten minutes.
yeah, it's part of how RH makes their money for free trades. They give Citadel (and likely others) info about the limits people are setting, and now have shown that they'll keep people from buying stocks that the hedge funds don't want them to.
but a group of people spamming memes is manipulating the market and all that.
You realize that this level of trading is minimally retail right?
It's all HF. The only HF that got killed were the short guys. Every single high frequency and most long only funds are driving the prices up. It's why you see such massive volume and the playing after hours.
Only HF getting screwed are the short ones. The rest are making a killing.
Even with brokers combining orders, you have option contracts going for $1M each and massive blocks getting traded. Hedge funds are driving the volume here.
The investigation by FINRA relates to the time of October 2016 to November 2017. The problem with Robinhood at the time was that the majority of its PFOF was routed through Citadel Securities. Citadel Securities is a market maker whose majority owner is Ken Griffin, the founder of the hedge fund Citadel. Without checking with other market makers or directly the exchange for better execution Robinhood likely received a significant premium on its PFOF from Citadel as it allowed Citadel to profit much more of Robinhood trades than other brokers.
eToro lets you trade $2000 before fully verifying, but that might be just for EU people
Trying WeBullsoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo what service are you guys using now that Robin Hood became a class traitor?
Definitely.my retirement jumped 20K in the past week, its never come close to jumping like that. I'm curious if the people controlling my investments are on this train.
Yes. Prepare for even more tricks the whole week.
E*Trade, but I don't know if you'll be able to get an account open super fast to get in on GME.soooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo what service are you guys using now that Robin Hood became a class traitor?
Melvin was 140% short, which means the ENTIRE Hedge Fund goes bankrupt if GME hits $175. $175 was impossible they said. That was passed easily over 48 hours ago.
If boomers are this terrified of a group of investors making gains on one single stock, imagine what could be accomplished with a real proletariat uprising.