How To Beat Robinhood (Business Tips)

Published: Dec. 23, 2020, 12:35 p.m.

b'Visit thesavings.club to get $5 towards your automatic savings account\\nIs the Stock Market the answer for you? Learn more: https://gum.co/learnstocks\\nPlatforms have a duty to ensure users get the best possible execution for each trade. This means if Apple stock is trading for $120.13 Ask vs 120.11 Bid. My purchase at the time should be at the Mark, or middle, 120.12 or at most the ask 120.13. Robinhood should be searching across various exchanges to get me the best price.\\nRobinhood like other retail broker-dealers gets paid to bring orders to companies for execution and that creates a conflict of interest because they may choose to go to the dealer in its own financial interest rather than finding you the best deal.\\nRobinhood paid the 65 million fine without a fight and said that it reflects past practices and now what they do now\\nIf you\\u2019ve ever tried to use Robinhood on a particularly high volume day, the app is often laggy and order execution is very delayed compared to data being shown. Nothing about this benefits the user, and that\\u2019s the big issue.\\nI use Robinhood\\nHowever, I always preview my trades on TD Ameritrade before opening Robinhood to see the prices I want and set limit orders.\\nSetting limit orders, or telling the brokerage the most you\\u2019re willing to pay, helps protect against poor execution. By setting my limit to what I see on TD, I don\\u2019t feel the need to rush into a trade with a Market order on Robinhood because I know the price I want.\\n\\u201cActing on no discipline and no cost, it\\u2019s a recipe for disaster,\\u201d one adviser told MarketWatch at the time.\\nFree Audiobook: http://www.audibletrial.com/marketadventures\\nCall or text me directly at 786-254-1413\\nInstagram @marketadventurespodcast https://instagram.com/marketadventurespodcast\\nSubscribe on Spotify, Apple Podcasts, or wherever you listen to your podcasts\\n\\n--- \\n\\nSend in a voice message: https://podcasters.spotify.com/pod/show/marketadventures/message\\nSupport this podcast: https://podcasters.spotify.com/pod/show/marketadventures/support'