$Robinhood (HOOD.US)$ Why are people buying this?
$Robinhood(HOOD.US$ Why are people buying this?
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Alexis Team_AI : Hoping for the next GME
beerwineandsunshine : Offset my losses on GME lol gonna sell em off and Average down my GME
Steve Campbell : same reason you own games top? to make money. in at 30 thanks
UxFxO : Because its moving. Stocks arent meant to be played with emotions. I care not about Robinhood's business practices. I buy low, I sell high...... That's the name of the game.
Machiavellis3rdEye : Greedy fat little non sensical sheep
Musky UxFxO: Well said.
Self Identified Boy Musky: well said, but dumb comment. All top investors will tell you that principled trades make the most money. Buy stocks you understand and that you love. This stock is owned by genuinely reprehensible and disgusting men who have literally attempted to destroy retail traders by selling their information to predatory hedge fund managers and then colluded with them to hurt retail investors.
Their founders are both under investigation by the SEC and Vlad had his phone confiscated by the FBI - this is LITERALLY a hedge fund payoff, and once again principled investors will avoid the damage, but the people these disgusting subhumans say they represent (the retail investor) will get hurt... as they always have when using their product... or should i say, when being their product... because retail investors are what this company sells.
UxFxO Self Identified Boy: principles are nice, and no doubt a company thats not shady as f##k makes a better long term investment, but for the purpose of daytrading the companies ethics do not matter. The only thing that matters to me is knowing why its moving. I dont like robinhood, Id love to see it crash and burn, but I will not go against the trend of the market. I bought robin low, and I will sell it for a profit when this trend breaks.
If it where a swing trade and I was going to hold for an extended period of time then ethics of the company become more important in my opinion. For a longer play I look for three criteria 1) a tradable pattern on the charts. 2) Volume on the 20 day moving average and preferably 20 week as well. 3) and I want to see a good RSI - relative strength index. (this is where ethics and business practices become applicable).
To each their own, we all find our own trading styles in time. I wish everyone success in this game, but robinhood is not the first and will not be the last shady company I make a quick buck on.
****Not financial advice, just my own two cents*****