Why does it feel like I'm selling my soul?
Robinhood Application
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Idk senpai but I don't think you should use Robinhood. It's not very good, and a lot of complaints exist for it. I use webull these days and imho, way better. Full after hours trading, more complicated and useful market data, better layout to give you an idea of the total market, and more complex order types. The way Robinhood handles options is why I left, order types are whack. Here's a link if you want to help me poo in the loo act.webull.com
As far as your thread goes, I blame the SEC more than anything. They write a lot of these rules and force them to be enforced on retail traders to make sure you can't make it.
because the second you need to sell something it will "go down" and you will lose all your money
Fuck that. I downloaded Webull when the RH nonsense was going on and it's horrible. Look at any option premium on webull, and then look at the exact same contract on RH, webull is higher everytime, they're clearly pocketing some difference. Can't buy options with instant deposits. Shitty looking UI on top of everything else.
What do you use?
RH averages the bid and ask. You dont get the price they list necessarily
My Robinhood options never execute at the lower spread and I have NEVER not been able to buy options with my instant deposits. Not sure what you're after on that one.
I went right back to RH after trying TDA after WeBull. I'm not happy with it, but I'm not paying Jews for market data.
No shit, yet it's the same bid and ask at WeBull, yet the premiums always higher. There is no legitimate reason why an option contract would have a different premium on different platforms, the bid/ask isn't unique to platform. Every premium is an average of the ask and bid, yet Webulls average is higher; They're clearly inflating contracts and pocketing the difference.
Set a limit order. Post an S/S of not being able to buy options with instant deposits. It's literally the only way I trade is buying options with instant deposits. I've never had a single issue before.