I'm Moving Off Robinhood ASAP

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Eric
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Re: I'm Moving Off Robinhood ASAP

Post by Eric »

NoLimit201 wrote: Wed Feb 17, 2021 1:48 pm FYI, I just tried again, TD Ameritrade still bans opening some option transactions on GME, BB...which is why Eric is moving off Robinhood...
It's not specifically because of GME/BB, it's because of the repeated FiretrUCKERY starting months before GME madness. Robinhood has many times blocked trading during "volatility" and I'm not entirely sure they're going to survive as a brokerage.

I like the Fidelity platform; it's where my IRA is, it's where I have logged the most trades, it's one of only 2 brokers that offers "trailing-stop-limit" orders (the other being Interactive Brokers). Since my IRA is there, that's where I opened up a UTMA account for my kid, then my wife's work just moved her HSA account there in January... If Fidelity is going to treat me like a third-class non-human, maybe I need to read reviews on IBKR (because they offer my favorite order type) and Schwab (because SOL says they're good and he has a pretty good track record of recommendations).
-FOMOing in is how the masses loose their asses.
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seasjay
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Re: I'm Moving Off Robinhood ASAP

Post by seasjay »

ndeed, however they’re paid platforms for the short term traders that offer more robust services, such as das trader pro and Sierra charting however it’s pretty ridiculous for the monthly prices, it’s more for the big players

As time goes on, this mainstream brokers will likely get creamed by a more efficient AI broker that breaks down everything in detail, automatic TA and robust customer service

These mainstream brokers almost always break down when markets tumble which is absolutely unacceptable
I'm not sure what you mean about it being a paid platform. Think or Swim doesn't cost anything. I have never paid to use it. You just need a TD Ameritrade account

CJ
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AstuteShift
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Re: I'm Moving Off Robinhood ASAP

Post by AstuteShift »

seasjay wrote: Thu Feb 18, 2021 2:35 pm
ndeed, however they’re paid platforms for the short term traders that offer more robust services, such as das trader pro and Sierra charting however it’s pretty ridiculous for the monthly prices, it’s more for the big players

As time goes on, this mainstream brokers will likely get creamed by a more efficient AI broker that breaks down everything in detail, automatic TA and robust customer service

These mainstream brokers almost always break down when markets tumble which is absolutely unacceptable
I'm not sure what you mean about it being a paid platform. Think or Swim doesn't cost anything. I have never paid to use it. You just need a TD Ameritrade account

CJ
There are paid platforms that are robust, don’t sell your money flows to citadel and doesn’t go down when the markets tumble

It’s mostly for day traders, big players etc
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