How am I being blinded. Let me give you some bulletin points back * I don't have robinhood, therefore I wasn't locked out of my account. * I did in fact go long today, so if I was locked out I wouldn't of been able to do something I already did therefore this is not a factual statement on your part * I didn't lose opportunities because I wasn't locked out of my account. Hindsight is 20/20 that's the only one I'll give you. EDIT: nm, not even worth it.
yeah but at least you can call the desk and execute a trade. RH customers are screwed. Heard that the database got corrupted and backups wont restore correctly.
Yep -- I was testing a strategy on IB's paper account today (which likely is much less robust than their main platform), and even that performed flawlessly. I get the appeal of RH -- it's an app, you can gamble a few hundred here and there -- but any kind of serious money has no place there.
Does Robinhood offer futures trading? If yes, those who shorted big last Friday will be dead by today.
1002 ET - Another brokerage has reported an outage. Robinhood Markets, which offers investors commission-free trading, is experiencing a system-wide outage affecting its web and mobile apps, according to its website. As volatile markets sparked a jump in activity among retail investors, companies including Vanguard, Schwab and Fidelity have all reported various issues ranging from technical glitches that prevented users from logging onto their accounts to an error on Fidelity’s platform that caused 401(k) accounts to show a $0 balance. (akane.otani@wsj.com)
I remember a similar occurance back in the crash of 2008. Some trades were wer honored at the very bottom of the flash crash. No sense in letting the little guys catch a break. It won't be the last time either. FINRA and the SEC may impose a fine but not one red cent will be seen by the users of the Robin Hood platforms. Keep those pleebian wage monkeys in their place. Akuma
So I'd be trading with only half my funds for that 0.1% chance of a outage? It could work with futures but not with equities.