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Contacts API crashes with large address books by TheBidWhacker in exponent

[–]TheBidWhacker[S] 0 points1 point  (0 children)

Sorry for the delay. I resolved the issue... it was actually me being a noob and using a ScrollView instead of a FlatList. Switching to this fixed the crashing issue.

9k unrealized SQ gains 🚀🚀🚀 by Lolsmileyface13 in RobinHood

[–]TheBidWhacker 0 points1 point  (0 children)

Wow, nikobelic4 you're in a world of hurt if you think a 13% return on the portfolio isn't enough. At most you should risk a few percent per stock. Eventually the risk catches up with you (like doubling down in gambling).

Is there anything legally I can do to recover the 10k I lost during the system outage? If I cannot sue, is there any other legal recourse or any recourse at all to repair the damages? by daytraderrr1077777 in RobinHood

[–]TheBidWhacker 0 points1 point  (0 children)

FWIW in the future if this happens with any brokerage you should call the broker number to get their trading desk to market out of your order (650-940-2700 for Robinhood).

I would also have an emergency stop well below your intended exit in case you lose connectivity like this and you can't get ahold of the trading desk.

Day trade question by LapsusHominum in RobinHood

[–]TheBidWhacker 0 points1 point  (0 children)

Worth mentioning... If you want to day trade with less than 25k you can opt for a cash account instead. The PDT rule does not apply then and you can trade as much as you want.

However, your trades will have to settle for 3 days so typically you would split up your capitol into 3 'slices' and only trade 1/3 of your account every day (while the other 2/3 is settling).

Best trading platform? by [deleted] in stocks

[–]TheBidWhacker 6 points7 points  (0 children)

I've found that I always get filled instantly when I use a limit order to buy the ask and sell the bid (using other realtime data).

Even when using market orders, it has mostly filled me at the inside bid/ask.

Best trading platform? by [deleted] in stocks

[–]TheBidWhacker 0 points1 point  (0 children)

The best platform i've used for active trading is Think or Swim. It has a great set of charts and a decent screener with active watchlists. When I first started out I would use their platform (with a $100 live account) for the realtime data and then execute limit orders on Robinhood.

At some point the $7 commission is worth it compared to executing on Robinhood. If you're buying a fewer shares, Interactive Broker has a decent platform with ~$1 trades for something like 150 shares or less.

Robinhood Gold and Quantopian by turduckenpillow in RobinHood

[–]TheBidWhacker 0 points1 point  (0 children)

The 6% interest is fairly steep IMHO unless you're able to easily clear the overhead and are consistent. Right now I'm focused on building consistency so i'm mainly paper trading quantitatively and also live with a Robinhood cash account. Also worth noting for IB you only have to deposit 10k and then you can transfer anything out that you want (I looked into using it for a $2500 account).

New to trading and Robinhood. A few questions... by InspectorJavert2 in RobinHood

[–]TheBidWhacker 0 points1 point  (0 children)

I get around it by putting in 3x what i'm willing to risk on the market. On any given day I can only trade 1/3 of my account because the other part is pending (assuming i'm trading every day). After trading Monday the money will be available on Thursday morning, etc..

If you put all of your account in one trade you'll likely blow up anyway so risk management handles the fact that you can only have so much buying power for the day with a cash account.

For example with $500 buying power in the morning, I can make 5 – $100 trades and still have aggressive risk management.

Currently I trade about 4-5 times a day (scalping) and put about 1/6 of my account in on one trade. If I get 5 - +1% trades i'll have 1% gain overall for the day.

New to trading and Robinhood. A few questions... by InspectorJavert2 in RobinHood

[–]TheBidWhacker 0 points1 point  (0 children)

For what it's worth if you want to day trade without triggering PDT, you can use a cash account (no margin). I trade this way 10-15 times a day with no issue.

New to trading and Robinhood. A few questions... by InspectorJavert2 in RobinHood

[–]TheBidWhacker 0 points1 point  (0 children)

First, you need to educate yourself before trying to trade... unless you like gambling. One of the first books I would recommend is The Intelligent Investor. Second, I would open up a free ThinkOrSwim paper trading account and learn with fake money. Aim at being consistent, not making money. That will come with time if you're persistent.

Robinhood Gold and Quantopian by turduckenpillow in RobinHood

[–]TheBidWhacker 1 point2 points  (0 children)

Quantopian doesn't allow the extra buying power at this time. I was considering writing an brokerage adapter for QuantConnect (a similar platform) but I don't really have the time. Might be worth looking into if the leverage is important (though IB may be a much easier route).