Hacker News new | ask | show | jobs
by jesterson 2166 days ago
> That doesn't negate his point (that RobinHood can fill your order just as well, or better, than eTrade or Fidelity)

That may be right, but "better" order filling or any other bells and whistles will not help to beat the market or gain substantial benefits from it in the long run. I've seen traders sending orders in slow command line and making substantial returns, so the tool perhaps is not the instrument for success on the market in the long run. It's like saying that green car will drive you faster/safer/etc compared to black or white cars, while the most important contribution to speed and safety lies between steering wheel and driver's seat.

> You can (and should) use stop limit prices to guarantee a desirable price in which case there's nothing a hedge fund can do to bump you

Needless to say orders may not (and most certainly will not) be filled when market (or HF) make sharp moves.