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I just turned the heating on. Wtaf. 🥶
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X moving retty sharply lower. Time for calls?
Any predictions on when the drop will happen?
Them GME puts
10/06 Thread (BC):
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In a downturn, most of RHs customers have less to trade on. It’s high beta, will correct significantly.
Your fundamental problem with this thesis is 1) different fee structures 2) are you assuming they continue the proportion into perpetuity, as opposed to Robinhood taking share in a generational switch in investment philosophy 3) Robinhood has more crypto exposure which brings more short term trading revenue and 4) as you said, the market isn’t rational
If only it were that easy to pick a random metric that doesn’t take growth into account. And as Honey pointed out, crypto and other offerings that Schwab doesn’t have. I don’t use Robinhood but seems to be the choice app for more recent entrants.
Don’t get ran over trying to pick up pennies.
Yeah..
Buy SOFI calls
Not the time to short anything except may be businesses that depend on earnings from blue collar.
Definitely not trading apps… as those are the only few ways left for people to make some money
Most people who do self directed investing lose money, so a trading app isn’t a great way to make money… There’s a fine line between trading and gambling.