@InvestingHustler
If youâre not paying for the product , you are the product ! Well said đ
@sssss222
Best explanation of selling order flow I've seen - nice job. One thing: I think Robinhood sells order flow on limit orders, too. So while you're still guaranteed to pay/get no more than the limit price, the execution quality is still worse than it'd be at most other brokers.
@davidmoran4875
Who's watching this after the GameStop/Reddit fiasco?
@ResourceTalks
There is a lot going on with RobinHood in the US. However, letâs be honest. Itâs a free platform, off course there was a catch. But does that really matter for small investors like us? I donât think so. But something one of us over here at BABY did actually was (while living in the US this past year) have different portfolios and he never kept 7 figures at one place.
@kevinanguka3804
Great work man! I had read this article and it kind of went over my head and they didn't really discuss the consequences of this. You did a great job breaking it down, thanks!
@ryannayr140
You did put a number on it, but would you be willing to give some examples of the scale of hidden fees to expect when making "market value" trades on different volatility stocks/options at different account sizes?
@niecyh2313
Which one doesnât sell data? Or does all?
@Scorpiomaj27889
Great video, just one thing to be clear about, Facebook absolutely does not sell your data, they sell ACCESS. Think about pre-internet, I have a large mailing list of people in the state, I know which ones enjoy horseback riding, who the sports car people are and the who the chefs are. I can sell access, for a price, I will send your car ad to the right people - I won't tell you who those people are, because next month I can sell you that advertisement again. YOU NEVER GIVE UP THE LIST, because then the retailers don't need you anymore. Same thing with facebook, the retailer does not know who you our, at least not from facebook. There is no upside for facebook to sell your data. (If the retailer actually got your data, they could snail mail you, they could email you, they could pay Google to advertise to you or various other methods that don't result in revenue for facebook.)
@RealLifeMoney
Wow thats pretty crazy but I could easily see this happening. This would be a perfect time for investors to learn about limit orders. I always set those up and never use market orders to get a more set price that you like :) Thanks for sharing!
@LydiaSantiago
I knew there was a catch!! I always use limit orders so can make sure I get the price I want. I rather be patient and wait for my order to execute.
@jakob7722
Any chance that M1 Finance does this and how?
@Cooter-Clapper
They have been exposed and class action is on the way!!!
@johnzuluaga-romero9216
Long-term Investing is better than short-term trading. At the end of the day, day traders and short-term traders donât have sustainable strategies. But it depends.
@scottscriticalmass
I likely wouldn't change brokerage houses if I was at Robinhood, but this still smells a bit in my opinion. I'm personally happy with Schwab, but understand why some prefer no trading fees and therefore do their business with Robinhood. While I don't follow Robinhood's business, always nice to see different types of content discussed. Thanks MJ!
@eliasweber7460
picking up pennies in-front of bulldozers. of course with HFT algos, its all possible. still though a 200$ sized position doesnt give a HFT much room to profit. i think you should have used a larger position size as an example to get the point across. maybe 1,000$-10,000 average size
@nishiki393
Great to know, and typical MJ excellence... very balanced, not for manufactured balanced metrics, but because it is most honest and unbiased/rational in this case (and many others). In other words, never false-equivalence class âbalancedâ. What a gem you are, and this channel is definitely going places and I enjoy watching great creators grow and evolve and be naturally rewarded for their excellence (and contributing in support of and toward that as I can with thumbs-ups, comments, full watches, shares, etc.
@ZacharyLaid
First! Haha letâs go Michael, those traders can take all the date they want, we still stay winning đđ°
@MrMujinn
This video so relevant now
@MrSmith-on1qz
Does webull do either of these two things? I assumed all of them did this. The proletariat always gets the shaft.
@MichaelJayValueInvesting