this post was submitted on 05 Aug 2024
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[–] Raiderkev@lemmy.world 22 points 1 month ago (2 children)

Robinhood killed 24 hour trading. Dip is apparently being bought now that premarket is open. Very sketchy tho.

[–] Speculater@lemmy.world 37 points 1 month ago (3 children)

I think at this point anyone still on Robinhood knows what they're getting into. If after turning off the buy button you didn't get a big boy broker, that's on you.

[–] Syntha@sh.itjust.works 10 points 1 month ago

The other brokers didn't need to turn off the buy button because they didn't extent free credit to anyone with a pulse

[–] 0x0@lemmy.dbzer0.com 7 points 1 month ago

I think the real Robinhood is rolling in his grave. And his merry men as well, they're all spinning in their collective, fictional graves.

[–] Marsupial6233@lemmy.world 2 points 1 month ago (1 children)

Which ones would you recommend?

[–] Speculater@lemmy.world 2 points 1 month ago

I use Fidelity and Vanguard. Fidelity's trading app is fantastic.

[–] ColeSloth@discuss.tchncs.de 2 points 1 month ago (1 children)

What's robinhood have to do with the market dunking overnight? I can't fathom any real relation.

[–] Raiderkev@lemmy.world 3 points 1 month ago (1 children)

It's the largest 24 hour brokerage in the US. There was too much sell volume, that their execution venue had to stop it which is a pretty big deal.

[–] ColeSloth@discuss.tchncs.de 1 points 1 month ago

Largest by individual accounts, maybe. No way were enough robinhood users watching Japan's market in the dead ass of the middle of the night to sell off all those billions worth of stocks to make such a dive. Those hits were taken due to institutional sellers.