The lesson is this -- there are reasons that volumes are exploding, but trying to trade off FOMO alone is not going to make you money. Trading with impact money, like the big banks that are trading WITH the YOLO names...now that is how you can really clean up. ...
Robinhood was thrust into an unwelcome limelight last week when the company made the decision to restrict trading in several highly volatile stocks after members of the Reddit group WallStreetBets banded together to squeeze short-sellers. TickerSecurityLastChangeChange % GME GAMESTOP CORP. 26.92 -0.5...
Reddit's WallStreetBets chatroom was highly active during that period, and increased retail trading could boost revenue at Robinhood. Citizens JMP equity research analyst Andrew Boone said that while he didn't see any fundamental reason for Monday's rally for Reddit, increased user activity...
To offer a more complete evaluation, we've used an AI tool to comb user comments on public forums like Reddit. Due to the anonymous nature, we're unable to confirm these customer experiences as we normally would. However, we ...
To offer a more complete evaluation, we've used an AI tool to comb user comments on public forums like Reddit. Due to the anonymous nature, we're unable to confirm these customer experiences as we normally would. However, we do reach out to providers for comment about any consistently ...
The lawsuits are gaining traction in various Reddit groups as many day traders shift their energy from trading to sticking it to Robinhood. Ironically, one group crowdsourcing signatures, Do Not Pay, is referred to as “The Robinhood of the internet.” Do Not Pay, an online legal service ...
The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday's highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known as Roaring Kitty, about last month's...
Reddit users have expressed furor atRobinhoodand TD Ameritrade for restricting trades, with threats of lawsuits already spreading around social media. Meanwhile, social media traders are encouraging fans to "hold the line," as they call it, and not sell off their shares. That may...
Robinhood drew the ire of many of its customers when it temporarily restricted trading in some of the stocks like GameStop Corp and Express Inc which were at the heart of a Reddit-fueled rally last month. The brokerage later said the move was necessary to meet clearinghouse...
Robinhood was brought into the spotlight again in January 2021, after it decided to restrict access to certain securities such as GameStop, AMC Entertainment, Nokia, and others during the market frenzy surrounding the Reddit short squeeze on the stocks. One of Robinhood's primary market makers, ...