Is Robinhood good for day trading?
Asked 5 years ago
Hi, I'm fairly new to trading and I'm currently using Robinhood. I'm ready to try a new trading strategy, and I wondered whether pattern day trading on Robinhood is a good idea?
Andia Rispah Igobwa
Saturday, December 11, 2021
Robinhood is great for beginners. The interface makes it easy and fun to invest in stocks, but Day traders will want more once they start trading on their own terms with high-quality charts that aren't available at all on Robinhood.
Day traders will need to invest in high-quality charts, screeners, and programmable hotkeys. Robinhood does not provide this essential information for successful trading on its platform. It is a beginner's tool that should only be used by those who do not know any better about what they are doing with stocks before jumping ship as soon as possible.
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