This isn't someone startup app going wonky that needs a server reboot. It's peoples money & expectations for reliability are much higher. Justifiably so.
>limitations of the platform
This isn't a 'limitation'!?!?! Their system crapped out and caused chaos
>Swing trading options on RH is like carving a turkey with a chainsaw
Agreed. This isn't about which broker is best for what strategy. This is about a broker failing to fulfil its core purpose - reliably executing orders
It totally is. The company is exactly 5 years old and has only had customers on their platform for 3.5 years. The company only has like 300 employees. It's a start up through and through.
For reference, Coinbase and Acorns are older than Robinhood.
> This isn't a 'limitation'!?!?!
It's totally a limitation in terms of availability of the platform. They are not promising 100% uptime and no reasonable person should be expecting that from an app barely out of the beta stage.
If your trading strategy can't handle a few hours of downtime, you should find a platform that has an SLA guaranteeing uptime.
> This is about a broker failing to fulfil its core purpose - reliably executing orders
It's also about understanding that shit happens, especially with startups.
I'm not trying to let RH off the hook here, but people using their platform need to understand that they are a new company growing quickly and things will break. If your lively hood depends on things not being broken then you are going to have a bad time.
Robinhood has gone down before and will go down again, don't use it if you can't handle that truth. To use an old adage "Fool me once shame on you, fool me twice shame on me"
This isn't someone startup app going wonky that needs a server reboot. It's peoples money & expectations for reliability are much higher. Justifiably so.
>limitations of the platform
This isn't a 'limitation'!?!?! Their system crapped out and caused chaos
>Swing trading options on RH is like carving a turkey with a chainsaw
Agreed. This isn't about which broker is best for what strategy. This is about a broker failing to fulfil its core purpose - reliably executing orders