It is just one sign of the boom. More traditional American brokers have scrapped fees as well, and signed up millions of new customers. In this country, Hargreaves Lansdown, the most successful platform for private investors, has reported a surge in new accounts (188,000 in the last year). So have […]
Robinhood
Robinhood traders are going to get their fingers burnt
Furthermore, the stock collapsed by about a third on reports that the US government was blocking the loan. Nonetheless, Robinhood traders had embraced the story and had been buying into the shares with zeal. The SEC has now unveiled an investigation into how the deal was announced, as there were a […]
Robinhood Has Lured Young Traders, Sometimes With Devastating Results
Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free. Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click […]
Inside the weird world of ‘Robinhood’ day traders sending some share prices crazy
Since then, Raytheon shares have fallen about 5pc. While Portnoy’s trade may not go down as one of history’s great investments, it epitomised a corner of the trading world that has gained increasing attention in recent weeks. Portnoy – who became an internet celebrity after launching the Barstool Sports blog – […]