Looking to learn/start trading on Robinhood with options, margins, etc. Does anyone know of any chatrooms on discord or elsewhere where experienced traders (like former BB or prop traders) discuss their trades and teach others? Don’t mind if there is a membership fee or whatnot, really looking to learn.
Or even better, are there any current/former traders on the street who are willing to start something or teach the community a bit? Appreciate it!
You'll get fucked so hard using Robinhood to execute trades. Don't do it.
Can you explain what you mean by that?
commissions are "free" but you pay an even higher price with a wider bid/offer spread. Your best option is a firm like interactive brokers.
Should Robinhood only be used for buying and holding equities longer term then?
For small lots (200 shares), robinhood is cheaper. IB charges minimum $1 commission/trade. If you bot 100 shares AAPL on robinhood and paid a cent spread, your total trade cost would be strictly less than the IB equivalent, since there you would be charged $1 commission + spread. Also, IB has a minimum activity fee and delayed market data if you generate $10 comms/month.
For options or margin trading, def go with IB though.
tradingview lots of monkeys tho
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