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Tags:salesperson,professional trading firm,lot of money,silicon valley,average customer account,average account size,citadel security,robinhood,trader,client
Posted: 2020-07-20 20:27:06
Robinhood and How to Lose Money
From Ranjan Roy at Margins by Ranjan Roy and Can Duruk
Originally published 2020 07 19
I opened up a Robinhood account very early on, but for me, the mobile-only functionality was a dealbreaker. I didn't want to be trading "on-the-go". If I wasn't sitting at a desk, in front of a large screen, fully at attention, it was best not to trade. Sitting at a desktop is a different mindset, and that’s where I wanted to be if I was transacting. Fidelity's mobile apps were "fine" if there was some kind of trading emergency where I needed to transact suddenly.
I opened up a Robinhood account very early on, but for me, the mobile-only functionality was a dealbreaker. I didn't want to be trading "on-the-go". If I wasn't sitting at a desk, in front of a large screen, fully at attention, it was best not to trade. Sitting at a desktop is a different mindset, and that’s where I wanted to be if I was transacting. Fidelity's mobile apps were "fine" if there was some kind of trading emergency where I needed to transact suddenly.
Tags:salesperson,professional trading firm,lot of money,silicon valley,average customer account,average account size,citadel security,robinhood,trader,client