Current Events > Does anyone use Robinhood for trading?

(+) Yeah! (+)

I know the charts arent the best, but the $0 trading fees are great and the interface seems to work well. I was just wondering if others had any experiences to share, positive or negative.

I mean, it does what it's supposed to. Just added options trading, still waiting for crypto.
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Crypto isnt available for me just yet. Im totally out of the crypto game as of now, but if it is $0 fee on RH and Im able to place successful stops and limits on trades, Ill probably get a bit back into it for sure once its available. Not having pattern day trade rules will be a huge plus as well for that.

CE_gonna_CE posted...

Not having pattern day trade rules will be a huge plus as well for that.

It actually does have that. I think you need to have a minimum $25K cash if you make more than 5 day trades in a week.
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Yes I used it for a bit a while back, then sorta abandoned it, I actually just went back to it the other day. I just deposit like $100 something and play around. I consider it practice.
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deupd_u posted...

CE_gonna_CE posted...

Not having pattern day trade rules will be a huge plus as well for that.

It actually does have that. I think you need to have a minimum $25K cash if you make more than 5 day trades in a week.

On crypto? I was just taliking about their standard margin account. $25k equity is correct, and its 4 or more day trades in a rolling 5 day trading period that triggers PDT.

As far as I know, from RHs help files, there are no PDT rules on crypto trades.

DanHarenChamp posted...

Yes I used it for a bit a while back, then sorta abandoned it, I actually just went back to it the other day. I just deposit like $100 something and play around. I consider it practice.

Its great for practice. The fear of trading due to having to cover commissions is gone, so its nice to be able to move in and out of positions with ease.

Also agree, very good for training and experience for that reason.

Has the $100 grown any?

No I have not spent it. I just today put in an order for IDXG and Immune Pharmaceuticals, we'll see what happens. Since Im in the medical field, I'm gonna try and just stick with medical/pharmaceutical stuff. Maybe one day later on I can get better inside info into stuff and help my stock buying.
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