10/13/2023 0 Comments Robinhood app for desktopRobinhood traders also have small accounts and know that buying index funds with $2,000 won’t create impressive gains. Then Robinhood makes efforts to ‘gamify’ the trading and investing experience, making it similar to a mobile game. Robinhood traders love day trading because, to them, it’s partly a game. If I buy Apple stock at 10 AM and sell it an hour later, I’ve made a day trade.) (1 Day trading is when you buy and sell the same security within one day. Many of Robhinhood’s young clientele quickly become enamored with day trading. This massive competitive edge allowed Robinhood to gain huge market share with millennials, a demographic that big brokers historically had trouble attaining. They were the first large broker to offer commission-free trades and created the most user-friendly mobile app for trading stocks. ![]() Robinhood exploded on the scene when they first entered the brokerage industry.
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