17 thoughts on “DAY TRADING CRYPTO ON THE ROBINHOOD APP IS HORRIBLE FOR THIS CRAZY REASON!”

  1. Once you buy BitCoin through the app, is it safe to leave it there or would you recommend transferring it into a hardware wallet?

  2. The "CRAZY REASON" stated in this video is completely wrong. As others mentioned, you can trade crypto on RH as much as you like without being marked as a pattern day trader. I would advise an extra critical eye on content from this channel if they are willing to post and leave content up that is verifiably wrong. minimal effort would be required to check this.

    For anyone interested in a real reason why RH may not be the best for crypto traders, try the inability to set a Stop-loss and that it turns every market order into a limit order 1% above/below the current price when submitted (so you "market" order may not hit of the price moves too quickly, or you dont want to potentially hold 1% of your capital in reserve when submitting a buy)

  3. Wrong. Robinhood has no limits on day trading crypto because they aren't regulated by FINRA or SEC.

  4. ABRA APP IS TERRIBLE TOO, ABRA SAY THEY DONT CHARGE YOU BUT THEY DO, YOU ONLY CAN SELL OR CHANGE SMALL AMOUNT COIN EVERY 24 HOURS , ABRA ITS SUCK I DONT RECOMMENDED

  5. I lost much in trading thanks to God I came across such opportunity with Mr Andrea Wilson who showed me the true value of trading and profit making.

  6. Although I wasn’t a trader, I pulled all of my crypto from it because I wanted them in a hard wallet. Keep up the good work!!

  7. Didnt mention: Your coins/tokens are stuck on their platform and you cant send or receive. only sell to USD- so in all, how do you know your actually investing in the projects coin, VS the price correlation only….? sounds scamming to me- could also be a reason why trading is free?

  8. Testing at around $3,800 seems pretty weak. I seriously doubt if it would hold much longer but I presume a good increase followed by stability to the $4,000 area. I am really surprised that so many people saw the bulls early this week going high of slightly above $4,000 and it really amazes me how any slight increase is termed a bull run. It was quite obvious from the charts we would have a dipping and here it is. I wish more people will get disconnected with the HODL mentality and actually learn to and master the act of trading because obviously, the average person could easily get so emotional and irrational with cryptos, staying ignorant to the real money maker which is trading. If you are not experienced enough to make real consistent profit with your BTC or any other coin in your portfolio, you can easily copy trade patterns and signals which you can implement in your own trades and have the same success as your mentor. My recommendation would be Perry Morgan([email protected]), a trade genuis whose patterns have really been helpful to 3 of my friends and I. I have personally accumulated profits spanning over $78k since the last 2 weeks of December. I'd advice that you should never get emotional and hodl when even quite a number of those who scream HOLD are actually doing the opposite and trading with their own expertise or that of others.

  9. Another thing is that you cannot send out any crypto from robinhood app. When buying let's say Btc on robinhood is almost like buying paper Btc and not really owning it because it is not possible to send it to the hardwallet from robinhood.

  10. Nice video i just started using robinhood not too long ago, whats the best app for day trading though?

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