They also had that get-a-free-stock campaign for new signups. It’d be interesting to see how many of these new accounts trade with some regularity after a few weeks.
You all might find this site useful that tracks popularity of individual stocks and when RH users buy or sell in reaction to price changes https://robintrack.net/ For example. interest in Oil has gone through the roof as prices cratered, naturally https://robintrack.net/symbol/USO?symbol=USO But one thing that you can't fault RH of is the UI. Yes, it is dumbed down, but it is still the best for the average person to approach. Hey, they even let you do option spreads, with zero commission, so why the hell not if you can manage the outages? May not be a bad idea to keep a primary RH account with a backup account elsewhere to lay off risk during tits ups RH frequently goes through
Didn't expect to see this. https://www.investors.com/news/millennial-investors-bought-these-stocks-robinhood-app-march-2020/
Oh, the link I provided is just related to the topic. I don't know where OP got the statistics. It appears some people are sitting at home getting unemployment benefits and speculating. I have a friend who never was interested in stock market before but all of the sudden became a swing trader. This is making me reconsider my bullishness in the near term. Lol.
Amen. Saw that happening in a hostel, right prior corona went into the air, one of the neighbors there, became day trader. Shared some interesting hypothesis on how and why some unheard radio/tv antena, low cap (~~10 mils~~), will fly to the air. Asked him, how long hes doing it : ,,2 weeks'' In some way it's similar to those videos of ,,Only in Russia'', but in this case ,,Only in markets'' timestamped