[HN Gopher] Robinhood Plunges as Bankman-Fried's FTX Sells Itsel...
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       Robinhood Plunges as Bankman-Fried's FTX Sells Itself to Binance
        
       Author : JumpCrisscross
       Score  : 12 points
       Date   : 2022-11-08 20:38 UTC (2 hours ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | biggerChris wrote:
       | Robinhood stock price falling when my bot is buying more shares.
       | I will trust the A.i I guess.
       | 
       | Robinhood is still screwing over users on market orders.
       | 
       | I mirror trades between Alpaca and Robin Hood. When my bot
       | executes trades on alpaca. 90% of the time it's exactly what is
       | quoted at that time. Example: If my account value is $30,000. I
       | sell all at market. I get $30,000(-$0.01 fee for selling) so I
       | get 29,999.99
       | 
       | The same quote executed on Robinhood. I lose %0.21 or %0.51 on my
       | account value. Example: If my account value is $30,000. I sell
       | all at market. I get $29,937.
       | 
       | You may say. Bruh. Just use limit order. Limit orders sometimes
       | don't get filled. On alpaca, it gets filled. Robinhood market
       | orders takes away your gains.
       | 
       | You may think I'm joking. But I'm not. Last year. I got an email
       | from RobinHood addressing it and crediting my account. This year.
       | It's worst.
       | 
       | Last year email.
       | 
       | * We're reaching out to let you know that we noticed there were
       | some trades in 2021 that did not execute at the expected price.
       | Therefore, we have updated some of your executions from this
       | year. These trades have been corrected and you will be provided
       | with updated trade confirmations. As a result of the updated
       | executions, you'll see in your account that these trades are
       | being corrected to reflect: *An improved price, or; *A
       | disimproved price, in which case we've issued you a cash credit
       | equaling the amount of the correction in your account. *
        
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       (page generated 2022-11-08 23:01 UTC)