Reading Time: 2minutesSource: TrungTPhan on X (I think there are some valuable lessons that’s applicable to trading / investing here)
I used Robinhood App since year 2015, when they just got started. To be honest, I was drawn to them initially by the zero commission feature.
My experience with Robinhood over the years
I think Robinhood has some features I like, in addition to the zero comission feature that it pioneered in the industry. It also helped me to gain more confidence on trading stocks, especially between 2015 and 2019. Note in the early days Robinhood is probably the only brokerage firm to offer zero commission. Over the time, other brokerage forms followed suit too.
Other features I like:
They try to make the app fun to use, so in a way lighten things a bit such as doing some sort of confetti when a trade is submitted or executed, because trading stock actually has some pressure comes with it, believe it or not;
Once a stock is sold, the money is available to trade on the same day, as long as one does not sold it again on the same day. Day trading is somewhat complex and confusing in the US stock market. They do have a 3 strike rule: basically one cannot do more than 3 day trades over a week (5 days period). I got myself into this small trouble a few times, and I wait patiently until all 3 blocks expire.
Their app’s stability improved significantly over the years. For example, in today’s morning session, many bigger traditional brokerages had encountered issues on either website or apps, but Robinhood App did fine.
Referral
Sign up for Robinhood with my link and we’ll both pick our own gift stock 🎁
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