On: Robinhood was indeed too good to be true

[calmworm]

Only place limit orders. If you place a market order you will absolutely get a bad execution price on Robinhood.

[nickpeterson → calmworm]

To add to this, the swing is really wild. I’ve been tinkering with crypto trades manually through the app to get a hang for it, and limit orders still only tend to go through after you’re a few cents away from the market price, but if you naively do a market buy it will be 50-60 cents off in the wrong direction.

[smabie → nickpeterson]

You're taking instead of making with a market order, the fees are higher and the execution is worse.

[solaarphunk → nickpeterson]

You’re crossing the spread

[le_didil → calmworm]

aha i see. thanks