Why I Cancelled Robinhood

Here are my thoughts on Meme Stock Investing on Reddit, and the reason why I'm cancelling my Robinhood account - Enjoy! Add me on Instagram: GPStephan
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FIRST: MEME STOCKS
Today, it’s almost as though the traditional advice no longer applies, because the stocks which are doing the best…at least in the short term…have absolutely NOTHING to do with fundamentals, at all…but, instead…they’re based on a combination of sudden investor enthusiasm, short seller interest, and the potential…to make a LOT of money, VERY QUICKLY.
But, critics of this say that….this isn’t investing...and they blame the surge of meme stock investing on the apps that make them all possible in the first place…like ROBINHOOD.
The SEC recent said that “they’re worried these stocks are too easy to trade on Robinhood and elsewhere - and that investors could be setting themselves up for massive losses.” He THEN went on to say that, “one of the ways to deal with the “gamification” of trading is to force brokers to act more like fiduciaries, as opposed to passive trading platforms that merely process trades.”
The way I see it…when it comes to MemeStock investing, I get it, and I see the appeal. But, at their core - meme stocks make very little fundamental sense in terms of the company itself, they’re INCREDIBLY risky, and just as easily as you can make money - you can also lose it.
Don’t invest what you can’t afford to lose, set a limit where you will reasonably take profits, diversify throughout OTHER INVESTMENTS, and understand the risks associated with what you’re doing.
What’s MOST LIKELY going to happen is that, fundamentally, this will discourage short sellers from overly shorting a stock, hedge funds will likely de-risk the moment the catch wind of a meme stock rally - and, over time, there will be a more balanced price discovery of stocks…instead of picking the most shorted, and driving it up from there.
SECOND: ROBINHOOD
First of all, it’s important for me to mention that - as someone who talks nonstop about personal finance - it’s my JOB to have every stock market brokerage app out there. I trade with everything, I see which features I like and don’t like, and most of these accounts have been set up for YEARS…but, unfortunately, Robinhood has been the only one consistently giving me problems.
On April 15th, I got a notice that my account had been restricted, and that I would be unable to withdraw any money from the platform. I thought, fine…doesn’t matter to me much, anyway, I’m not planning to move my money around, I’ll just sort it out and be done with it. But then, immediately after…I got hit with a DEPOSIT restriction, meaning - now, I can’t deposit any more money to Robinhood.
That was 2 months ago, and after repeated emails back and forth - my account is still locked, with no update when the issue will be resolved. This, unfortunately, is a HUGE problem, and will be the reason why I remove all of my money from the platform as soon as my account restrictions are lifted.
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*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/

[@GrahamStephan]

Just an update: Robinhood has reached out to remove the restriction!

[@TrizollinTehWorld]

Imagine if you didn't have a huge following, you probably would have been out of luck with that. Two whole months of them holding your money hostage. That's a shame. Robinhood is garbage

[@death363]

ur lucky ur utube famous

[@bottle1211]

their platform is garbage move your money

[@apex_ventures]

Why was the account restricted to begin with?

[@locutusdborg126]

Robinhood is refusing to enable my log-in TO MY OWN ACCOUNT. And they refuse to close out my account and refund my money. AND, they demanded ID to "verify my identity" (my identity was fine when they took my money to open the account) but refuse to accept my military ID even though the government and all states accept it as ID. Robinhood holds the military in contempt apparently.

[@mayacho4910]

'Investing in the stock market is the best option to make a passive income. Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio".

[@theresagarcia1218]

To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.

[@mayacho4910]

@@theresagarcia1218 Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

[@mariahhayes5089]

@@mayacho4910who would you endorse? I've been in the shadows for too long.

[@mayacho4910]

@@mariahhayes5089 My consultant is 'PRISCILLA DIANE AIVAZIAN" I found her on a CNBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online with her name if you care about supervision. I follow her trade pattern and haven’t regretted doing so.

[@mariahhayes5089]

@@mayacho4910 Thank you so much! Found her webpage and left a message. Hopefully, she responds.

[@Adolfo996]

Graham: “I’d like my money back now, please.” Robinhood: “New number, who dis?”

[@jenny01317]

@Pinnedby Stephan Graham oi suzy!

[@2stroketyson79]

@Pinnedby Stephan Graham these scams dont work anymore even my grandmother flags you

[@Xion999]

I laughed more than I should have

[@gwillis01]

The stock market is a "Proceed forward at your own risk!! " type of place Stocks can go down as well as up

[@ChengTeoh]

Wait a darn tootin' minute, that guy who took out two loans at one point had an account value of over $1 million dollars! I mean at a million wouldn't you stop a minute and think to yourself ... I've had a run of good fortune, maybe I should put half of it away for future use to take care of my three kids and wife?

[@xxxdroidmonkeyxxx]

Exactly my thoughts! In fact, if he were smart, he would've liquidated all the money he lost + the $60k he took out to remake his money. At that point, even he lost everything, he would've at least broke even. His story is a good example of what a dumbass looks like. It's not even a matter of greed. It's just plain stupid.

[@amiragraceministry401]

Greed

[@cf6713]

Lol. You don’t know what riding the dragon is like

[@Brian-tc7ii]

Apparently the game was in beast mode and the confetti was to tempting to ignore. Seriously, from double loan to millionaire to thousandaire...take a little therapy to move past that.

[@CRAIGC55]

Nahhhh.

[@LakkThereof]

Maybe I'm old fashion but I don't think it's Robinhood's responsibility to make sure I'm investing my money safely or wisely.

[@elmikatv]

Maybe not but making investing like gambling and encouraging is in the grey.

[@Dmetz414]

Very true cause you leave your money in your bank account you’d still do something risky with it. Like buy lottery tickets

[@BoogieSpiderman]

What should be eliminated is gambling from your country and possibly using a vpn to gamble to an online casino at a different country. Not fully sure if this is already illegal, but this is what's going on right now. The concern is where streamers that are followed by thousands or more viewers are getting donations from unwise people or children that have access their their parents amazon prime/twitch account that are looking for reputation in that streamers chat. Did you guys know this? Apparently more streamers are gambling on these things...but yeah robinhood is alright for me right now.

[@blurredvision3836]

@@elmikatv oh so when the little guy starts making some money we need to regulate it

[@aaronbrutus2654]

Are you trying to say that adults must be held accountable for their own actions? INSANITY!

[@flossietaylor6239]

Robin Hood takes forever for everything, it has only been my major problem, I was really hopeful of my investments this year, but all my plans has been disoriented, I've been studying the market crashes and I realized some investors made millions from the 2008 recession and even till now, I was wondering if such success rate could be achieved in this present market

[@yea26d83]

Yes, if you go short against the market you’d make such success

[@cjcalio3872]

In order to amass such profit and double your money in the short term, a good experience and the right strategy is required. Also in most cases, investors reach out to professionals likes tutors and broker, I was able to generate a profit of $480K in 6months and basically all I did was look up and get in touch with a broker Bonita Justine Cefalu who I came across on a Forbes Magazine, so if you care to make good profit, just reach out to a professional

[@nuggets9113]

@@cjcalio3872 That’s crazy, you are lucky man, you better hold on to your tutor

[@flossietaylor6239]

@@cjcalio3872 I google searched the Broker you mentioned, she seems very proficient, I will email her once I get to work

[@refundreplay]

After they prevented people from trading, I closed my account.

[@jhonsmith5710]

New intro should be: "What's up, Robinhood. I'm out."

[@GrahamStephan]

hmmmm

[@TheIcedCoffeeHour]

that would be good!

[@simonfranktamargo4396]

Shark tankin it

[@UhohitsRenaudV4]

Record it again lol

[@cfrontron]

You took my line. You must of saw it

[@COCONUT-DRAKE]

I had 155 shares of AMC in January and then sold it when it went down and I’m kicking myself in the ass for it

[@GrahamStephan]

yikes

[@Zerohearts0]

😂😂😂

[@theerealatm]

I have 100 now and I'm gonna HODL.

[@immaculatesquid]

@Gator55 lol sthu you tryna get rich quick

[@dailymarketmovers4431]

Bruh

[@lance.6527]

I got rid of crap Robinhood. All they are doing is “Robin-the-Hood”😂

[@msbeautyboss3784]

ALL the brokerages are silently robbing people IF you do not READ their contracts. It’s is just not Robinhood and I am not sure why they get all the negative news....when all of them do it (except form Vanguard🤣).

[@WallhacksYT]

how ... original

[@ちるの9]

Robin from the hood. I steal from the riches and give to my bitches 💰

[@Jackyliu009]

🤣🤣🤣🤣

[@GamerCentricc]

I love that joke

[@wynandbritz9056]

So basically the gamblers are sad they are getting out gambled.

[@GrahamStephan]

basically

[@daa589]

@@GrahamStephan I'm gonna try this next time at the casino 💯

[@ivanfraire9042]

Crazy stuff

[@ericcollins5534]

But Wynand, the SEC is here to protect us!!! 🤣🤣🤣

[@FuZZbaLLbee]

It’s not a gamble if you are big enough to manipulate the market

[@bassettmike1]

Forget about asking for the manager. You went over their head straight to youtube. I love it.

[@strawssuu9938]

@Grahem Stephan fake account report

[@bassettmike1]

@@strawssuu9938 I know I did.

[@dhgcrack3r111]

Imagine wanting to retire and dying in a year without robinhood giving over your cash

[@JakeRoque]

Imagine being a grown ass man and blaming your investing losses on confetti on your phone and emojis. Lol

[@jwill6008]

Hence why 'losing money is shameful'... Shame 🥺

[@johnnyshags2]

Yeah I’m not sure why we are moving so far away from being accountable for our own actions

[@JakeRoque]

@@johnnyshags2 precisely

[@JakeRoque]

@@jwill6008 haha losing money itself isn’t shameful, blaming it on digital confetti instead of taking responsibility for one’s actions is

[@jwill6008]

@@JakeRoque Graham said it was 'considered' shameful... I was just quoting the vid

[@JackDuffley]

Graham: I'd like to remove my money from Robinhood. Robinhood: Nah.

[@GrahamStephan]

Not in 2021

[@TheIcedCoffeeHour]

robinhood: No thank you!

[@stefamily]

:c

[@louiswatson9578]

I left Robinhood after hearing their shady CEO tap dance 🕺🏽around questions asked by news outlets surrounding the GameStop restrictions placed on their user's trades. ✌🏽

[@ColemanBassett]

It can sometimes be tough buying stocks based on fundamentals while meme stocks generate at least a years worth of returns in a day.

[@MichelleMarki]

Meme stocks are like a better lottery ticket these days. I agree I have channel a lot of patience by trying to stick to my fundamental knitting only

[@warriorxs5]

Usually we see the successes not the failures. The media talks about the made millionaires and not the ones that gambled it all away. I personally keep around 10% of my assets into "riskier" investments and the rest is mid to long term. The riskier investments vary wildly between 10 to 20% gains or losses in a day sometimes even more... That part of my portfolio looks like a roller coaster.

[@ghcheong]

Exactly, but I believe that fundamentals will eventually win in the end. This euphoria is similar to the dot com bubble and how the stock market was like in the 70s. Once the euphoria dies down or the stock market corrects (of which its massively overdue due to its sky high margins and inflation fears), I would be interested to see how many of these meme stocks survive the correction when the market sells off 15, 20 or even 30%.

[@ColemanBassett]

@@warriorxs5 True!

[@ColemanBassett]

@@ghcheong Yup!

[@TheIcedCoffeeHour]

Oi Graham! Thank you so much for making this video! I NEEDED THIS RIGHT NOW. SUBBED!

[@DGBAntho]

Hehe Jack is slow

[@GrahamStephan]

You're so welcome!

[@stefamily]

Wow easy there bud!

[@monk9008]

@@DGBAntho 😂

[@bya132]

Where is Millennial Money channel ?

[@somedude1818]

I transfered all of my stocks to another broker after watching this video. If Robinhood has such terrible customer service for a millionaire, I can only imagine their service for the average investor.

[@user-ep7el6vt7o]

Schwab,interactive brokers,fidelity way better

[@shadowstyleb]

@@user-ep7el6vt7o I tried those and they said they couldn't identify me based on my driver's license 😅

[@user-ep7el6vt7o]

@@shadowstyleb exactly same stuff on me with Robinhood

[@CoryWould]

I haven't watched the whole video yet, but Robinhood is shady when they profit certain sells and buys on their platform and state it was a "technical issue". I call BS. (i.e. AMC GameStop short squeeze)

[@HH-le1vi]

That's why they have a class action lawsuit against them and 30 other brokers.

[@MichelleMarki]

It does seem questionable when they make money by selling order flow. Many reputable brokerages don't do this.

[@akin242002]

@@MichelleMarki Fidelity is one of them, but they sell order flow for Option contracts. Others sell order flow, but do it in moderation. Robinhood just outright abuses it.

[@anonymousinvestor9593]

I stopped investing in Robinhood too. Just haven't sold bc of not wanting to pay those taxes yet. If you win my free Apple stock in my last vid you can try using Schwab. Have $3M in there.

[@MichelleMarki]

@@akin242002 Ah I didn't know Fidelity sold order flow for options. I tried looking this up before and it didn't appear as though they sold regular buy & sell trade orders. Thanks for the insight!

[@cryptoflippodcast]

*Graham* and Robinhood are in an *open relationship* 😳😳

[@stefamily]

:OOOOOO Oh no

[@GrahamStephan]

:O

[@TitaSim]

😶🤭🤭

[@MyGreenNest]

Well no he broke it off after Robinhood acted distant and kept giving him the run-around. 😂

[@shokid24]

Hahaha. Open to close

[@kazimierz3000]

"What's up meatballs , it's spaghetti here!"

[@bilalmega3349]

😂

[@-g.k.4389]

"What's up meatballs, and spaghetti it's parmesan cheese here!

[@Legiitpwn]

Do it

[@financeabcs]

What’s up kazimierz??

[@johnnyrivera2982]

Are you angel Dimaria? 😮🤔

[@bryanfeliciano4102]

It has nothing to do with protecting the investor, it's about keeping their buddies at wallstreet fat and happy.

[@GrahamStephan]

maybe!

[@luim202]

Its not their job to protect you the investor it is your job to invest and be smart about it

[@bryanfeliciano4102]

@@luim202 for sure,but I'm no fan of disingenuous actions.

[@luim202]

@@bryanfeliciano4102 I dont think its disingenuous .. they are here to make a profit. If people are putting their money into anything then they need to do the homework. Investing will never be "r3tard proof".

[@MichelleMarki]

Sheriff of Nottingham style

[@Iamawesome24319]

I love it when graham says “tendies.” Get a kick out of it every time

[@GrahamStephan]

hehe thanks

[@MichelleMarki]

People want their tendies yo

[@soldiernew5187]

No, he can't sit with us.

[@mohit_panjwani]

@@soldiernew5187 stfu jose

[@themountainfern]

Yeah you do 😼

[@dante869]

Robin Hood takes too long for everything, I sold some stocks a while ago but my founds are not withdrawable yet and who knows when is it going to be available.

[@callidare7980]

Sounds like when there was a run on money and everybody was crashing the system in the depression and other crashes because that is what's happening.

[@CHRIS198490]

I do not get that you opened account they checked you made profit and they keeping money for no reason that is dodgy platform fraudsters they using excuse to steal your money

[@cnkis]

That’s all I needed to hear. Thank you❤

[@JalynCommentary]

I don't use Robinhood for meme stocks, I invested like $10,000 into Amazon and Apple, They are the least risky stocks and will probably be around forever

[@ntcq2044]

You can earn way more money from "meme" stocks tho. Apple is already established and isn't going to go up 70+% in a day or two. You just gotta know when to sell.

[@arshdeep691]

b C that’s how we delusion ourselves. We make ourselves believe we can get out before people get burned

[@1queijocas]

@@arshdeep691 the solution is to understand what you are doing rather than follow the crowd. Many meme stocks start as sound investments and then gain popularity and meme status. I've been in GME since January and I am really please with my gains

[@compresswealthdivideeconom3757]

Those companies do not need your money. So how do you call it investing? Seriously. Why won't you short sell, being on the correct side of fair value for this masked economic depression? In going long, the middle class hurts itself with a wider wealth divide which shows itself in a higher cost of living. I wonder why no acclaimed economist is making this known. Well, now you know.

[@arshdeep691]

CompressWealthDivide EconomicProsperity i have put options on. Let’s see how this goes

[@JackDuffley]

People have made crazy investments and YOLO trades throughout history, well before Robinhood.

[@TheIcedCoffeeHour]

that is indeed true!

[@stefamily]

Haha true!

[@rwosu]

yes

[@rwosu]

true

[@HH-le1vi]

I don't think its been at this large of a volume though. Meme stocks is basically a longer term pump and dump.

[@rashonx]

funny how the SEC only needs to investigate stuff when regular people making money. What a coincident

[@MyGreenNest]

Let people buy whatever stocks they want who cares if it’s like gambling? Let people make their own decisions

[@stefamily]

:O

[@TheM0joDoj0]

This is a financial advice channel. He's responsible for giving good advice. What people do with that is on them.

[@MichelleMarki]

I agree people should be allowed to gamble, but I also think they should be made well aware that they're playing in the casino

[@MyGreenNest]

@@TheM0joDoj0 I’m referring to the companies wanting to make restrictions on trading because it’s dangerous.

[@MyGreenNest]

@@MichelleMarki yes and I thought that was pretty obvious but I guess like everything else we need warning labels lol

[@Thateliteplayer]

I love how normal the "What's up Graham, it's guys here" intro has got, NEVER change it 💯

[@GrahamStephan]

I WON'T!

[@7117awesomeninja]

Bro has he been doing this the whole time??

[@Chieefyy]

I didn’t even catch it. Had to fo a quick rewind 😂

[@tannerhoke]

“Yeah the confetti animation really got me hooked” …what?

[@Teisharocz]

There’s another utuber who “canceled RH” months ago. Then he was back on it for some reason! However I trust you and your judgement! You brought me through 2020!!!!!!! Thank you 🙏🏽

[@jorge7246]

this is not financial advice

[@megangrell9820]

who was it? I wanna watch them

[@ElCatrinMuerto]

What eventually is gonna happen is Hedgefunds are gonna start hiring "meme stock analysts" in order to try to find out when everyone else has caught wind of a stock they are shorting. This way they can jump ship fast before they have any loses then the regular folk are gonna be left gambling with each other thinking the Hedges are still in the game.

[@MichelleMarki]

All we need to do is look at a table of short float and popular names... can't be too hard to figure out :)

[@ypey1]

Bingo, there are strategies to play this new trend...

[@WarNinGXK]

@@MichelleMarki Where can I see how much % a stock is shorted, or how much stocks has any company? I mean official information, is there any website that gathers all that info ?? Sorry for my ignorancess.

[@DOUBLETAPM4A1]

@@WarNinGXK finviz

[@2stroketyson79]

its already happening

[@tfosss8775]

"what's up Tendies, it's Barbecue Sauce here. I'm about to pour some knowledge on you, right after you smash the like button for the you-tube algorithm".

[@DavidZBrown]

Robinhood: Why did we just lose 3.22 million accounts? Graham and his 3.22 million subs: 😏

[@edwardkelly3280]

I never joined Robinhood and I subscribed to him

[@DavidZBrown]

@@edwardkelly3280 my bad, 3.2199999 million then 😁

[@eliramirez9958]

@@edwardkelly3280 you don’t count 🗑

[@alejandromartinez751]

This is why amc is a great play, it’s to late for the hedge funds to get out without a squeeze happening there will never be anything like this

[@RodxFilmz]

GME*

[@TheModernSkater]

both and really cant believe he isn't talking about the short squeeze... like who you work for bro??

[@twintersify]

@@TheModernSkater hur dur everyone is in on my conspiracy theory

[@refundreplay]

Financial advice?

[@austingoyne3039]

@@twintersify Not saying Graham is in on it but it is weird he kinda glossed over the short squeeze and naked shorting.

[@benjay011]

Robinhood screwed me over too man. Customer service doesn't exist

[@financemadesimple-personal2086]

We should have canceled them a long time ago, definitely after they helped the hedgies last time with GME

[@tonyrobinu6412]

If anyone still used after that, thats on them

[@GrahamStephan]

who knows if that was intentional or if there was a conflict of interest

[@stefamily]

:c

[@financemadesimple-personal2086]

@@GrahamStephan It comes to what you can prove. I mean is this a VERY strong coincidence or intentional?

[@financemadesimple-personal2086]

@@tonyrobinu6412 apparently lots do and got mad again with Doge

[@JACKMURRAY18]

Thank you for no mid roll ads 🙌🏼

[@GrahamStephan]

you're early!

[@justinrowan4539]

Sure “protect” retail when they win by limiting their access. Amazing.

[@gregcugier6345]

Meme stocks aren't any more gambling than any other investment. People just realized that they have a tool to leverage: numbers. Institutions use their massive bank accounts as a tool. Retail investors are using their massive crowd as a tool. It's just about using whatever tools you have available.

[@MBarberfan4life]

"Meme stocks aren't any more gambling than any other investment." Which of course is complete nonsense. For example, investing in Apple is not equivalent to investing in AMC.

[@Izzydawizzy]

@@MBarberfan4life every game has different odds

[@gregcugier6345]

Sure, it's the same. Based on the info you deem relevant, you believe that Apple is going to make decisions that will increase the price of the stock. In the same way, it's believed that meme investors will make decisions that increase the price of the stock. If it looks stupid, but it works, it's not stupid.

[@charleswheat3251]

And with you telling me that story is one of the big reasons I never dealt with Robin Hood and will never deal with these fly-by-night companies, Great video

[@mayacote4368]

*When should I start (Investing)*

[@danicathompson5882]

Now is the best time to purchase and invest

[@piperwilson8917]

That's true

[@taylorgirard5860]

@@mariajorge4011 I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading

[@agbobernard6613]

Talking about being successful! I know am blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Audrey

[@joshuadan-azumi7510]

Hello I'm new to forex and I have been making huge loses but recently I see a lot of people earning from it,please can someone please tell me what is going wrong

[@nonawolf7495]

This is why I do business with firms that have a physical presence - you can always go marching in to their office and demand action. It's too easy for virtual companies to blow you off. Great video, Graham.

[@davidlancer6237]

I had this argument with my colleague about which Platform is better between Robinhood and Eureka Forex Trade, I guess I have my fair win now. Eureka has a lot more flexibility and reliability than Robinhood.

[@shlomirobert450]

No doubts, I think Eureka is beginning to get popular and have a lot of users, so traders are seeing the opportunities they offer. They have an amazing profit margin than most.

[@peterwyden9158]

All Eureka needs is an app for more flexibility.

[@pinkgrey6285]

Their profit margins. My profits could spike above $15,000 in one trade, which is amazing, and I get to hold long term trades.

[@jacksonharry4858]

Is this a good Platform for a beginner like me? I’m looking for where to start off.

[@davidlancer6237]

Send a text over their tele gram channel for further inquiries Username: fxeureka

[@presidente8822]

100% return off of an investment short term, is gambling. I think this is all stupid. When you put your money in those insane options, you know that the chances of losing everything are proportionated to the return. We have to protect idiot as a society of course, but if I have to choose between: - simplicity in trading in an app like Robin Hood - preventing someone from doing something absolutely insane I choose the first.

[@alyssacomer3295]

“For every like this video gets, a short seller loses a dollar” lol. You got my smash.

[@craigorange5439]

Your so beautiful

[@kuyajez8384]

How about the SEC focus on stopping naked shorting from hedge funds.

[@Striker50_]

They don't regulate Hedge Funds

[@samcolton943]

@@Striker50_ because HedGe fuNdS shOuLD RegUlatE tHemSelVEs

[@jaredgilmore3102]

If you are going into a meme stock make sure you understand the play. These are ostensibly a short squeeze you need to determine yourself If you think they are really going to squeeze realize the difference between a gamma squeeze and a short squeeze and also realize that you may be sitting on the stocks for months, if you get nervous easily and you're investing more than you are comfortable not having for an indefinite period of time DONT, the other investors won't want you joining if you are just going to sell in a few days at a loss it hurts everyone except *cough* Citadel *cough*

[@MrPIN360]

Anytime I read/hear something about the SEC trying to look out for the retail traders best interest, I know what it really means is that the big boys are mad they're getting out-gambled by the little guy.

[@tomsandoval2607]

That's true. They NEVER help the little guy. It's always what benefits the large corporations. Who cares if Robin Hood "gamifies" trading? Everyone who can think as well as a 10 year old can understand that investing is risky and there is no guarantee you will gain money and it's just as possible to lose money.

[@Beemernow]

Nailed it...

[@glitchlife4639]

I made close to 200k on CLOV, I went all in when it was about 6.80 thinking it would bounce back to 10 easily. Ended up bouncing to 24$ :)

[@TheIcedCoffeeHour]

wowww nice job!

[@roblowe6086]

And then? Rolled it into AMC, GME? Right?

[@glitchlife4639]

@@roblowe6086 No, I avoid movement stocks like the plague. Just got lucky on CLOV because I am heavily invested in all Social capital companies and saw an uptick in sentiment.

[@roblowe6086]

@@glitchlife4639 true that. That was popping. Did you short on the way down?

[@glitchlife4639]

@Gator55 Because we utilize critical thinking skills and research rather than rocket emojis and social media. Building wealth rather then getting rich.

[@ycruz99]

:( I hate to hear how horrible the customer service is. For most who are new to investing and are just starting out with robinhood, two months is scary.

[@jacobpg1246]

WSB has made me a lot more money then my day job since joining that subreddit in August

[@adrianbaltazar4874]

Me: I’d like to switch all my Robinhood stocks over to Weeble! Robinhood: NOPE

[@TheIcedCoffeeHour]

NOPPPEEEE

[@stefamily]

:O

[@gstolley]

I want to also, but I heard it takes weeks, and I can't have my money tied up that long. Let me know how it goes for you.

[@ChickenThug55]

Why would you want to do that? Leave the stocks and Just move your cash to Webull to resume your stock trading.

[@philcarpenter]

@@ChickenThug55 Tax implications...

[@taral6414]

Same thing happened to me on Robinhood, THERE IS NO SUPPORT TEAM just random emails that make no sense and don’t help me at all… I had to Transfer the entire account out to wealthfront, it was the only way to get the rest out of it. Now I can’t sign up for a new acct because I have an old one they won’t reactivate. Makes zero sense. Be careful, what a joke

[@austinalexander7046]

Bitcoin is the feature investing in it now is the wesest thing to do now especially the current rise

[@noahjacob5650]

Despite all the economic crisis this is the right time to start up an investment

[@williamfrederickiii1683]

Was just going to sign up for Robinhood today; thanks for helping me avoid that mess.

[@MichelleMarki]

Close call!

[@fox4534]

Webulls great...

[@da9nerdy]

Get webull

[@fahimanwar94]

I got rid of my Robinhood as well and put it into Celsius. So glad I got rid of that corrupt company!

[@konnorzahniser9687]

Idk man Robinhood is easy to use and not even that bad you probably just made a bad investment

[@costafilh0]

"That's gambling!" wise words

[@TheMilkman-k7p]

The real pain is the KZbin "traders" that are making videos with absolutely bullshit fake results to get views, KZbin has some work to do regarding this crqp, Nice car in your background man...

[@JonathanSorunke]

There’s no point to put a disclaimer on certain stocks...it won’t stop people from buying what they want. Great video!

[@stefamily]

Thanks so much!!!

[@UlexiteTVStoneLexite]

They don't have disclaimers every time I play a game at the casino yet somehow I still understand the risk. On top of that I have made way more on stocks then I ever have at the casino. They are acting like adults are not adults responsible for their own decisions.

[@GrahamStephan]

thanks!

[@MichelleMarki]

But hopefully some people will realize when they're acting more like gamblers instead of those who want to save for a retirement nest egg

[@JonathanSorunke]

@@MichelleMarki I think gambling is fine as long as it’s with a portion of money you can afford to lose.

[@tevinwise6140]

I’m in robinhood and I’m finding it easy to save and earn money ( slowly) but I’m not the smartest guy in investing but I’m doing good with robinhood

[@mmm-mmm-good]

Yep, bad customer service always annoys me. I am a silent customer, a business just won't see or hear from me after we settle.

[@adelianarvaez4334]

Amc has me stressing with all the ups and downs this week lol

[@rickythompson4558]

I sold at $19. You can always think to yourself that you're doing better than I am lol.

[@GrahamStephan]

I bet!

[@adelianarvaez4334]

@@rickythompson4558 you can always buy in when the time is right

[@darklight6921]

just hodl. if your account doesnt look like a phone number the squeeze hasnt happened.

[@davidmason777]

Sold at 13$ thought it would drop and I would get back in for half price lol

[@Loyalist2thaKING]

“Drink Responsibly” ha, there we said it; we good, Judge?!

[@Squidaniel]

There used to be this concept called “personal responsibility”. Not sure what it is. Scholars have said it’s meaning is lost to time…..

[@Beemernow]

Nope, nothing is anyone's own fault anymore...FFS

[@Hannibal_dude]

You didn't tell us what you did to cause them to do that. I feel like your leaving out information.

[@taecocky]

Actually robinhood are scammers, you could be in profit and try to sell and they will have your sale pending forever…

[@MexlycanFilmico]

We are Adults, we know and are aware that investing is risky. Some win and some lose.

[@WinterReflections]

You're wrong. You're buying into the lie, I did the same thing. Retail traders lose. Uber wealthy and hedge funds win, the end.

[@BijanJamshidi]

@@WinterReflections What? 🤣

[@BorbaFawkes]

Wait. Can I lose my money investing? That means no Lambo?

[@TheHmongcgi]

Robinhood will lock your account for debts you own to them. Always pay your debt Gram.

[@henrythegod6756]

Bro imagine blaming a trading app’s confetti, green and red color scheme, and push notifications for your repetitive and continued lack of self control. You were not “lured” into the app at 32 years old, you have a gambling problem. I feel for them, but they need to take responsibility for themselves. Obviously they have a problem and need to get help, but it’s their fault, not Robinhood’s

[@cupcakeapplesauce]

facts

[@ralfrudi3963]

Those apps are still extremly predatory for implementing those thing though. Why do you think they spend considerable amount of money and time for reasearching and implementing those gamification features? Because they work. Especially on young folks, uneducated people or people with gambling problems. Those apps supposedly are for investing right? Then why do we need those gamification features preying on "weak minded" people? Just remove them if they don't matter, everyone who is on those apps because they want to invest would still be there. But of course they won't because those gamification features are responsible of a significant amount of their revenue.

[@cupcakeapplesauce]

@@ralfrudi3963 If you want to go on a righteous crusade then you can't just stop at Robinhood. Look at every other app, every other form of entertainment, and look at every other shitty company doing the same thing if not worse. You can't stop them all, I think people should just be held accountable for what they choose to do.

[@ralfrudi3963]

@@cupcakeapplesauce People are held accountable for what they choose. That is why they can and are losing money. That does not mean we should allow those companies to trick their customers into more and more risky trades, directly benefiting the broker. It also is not hard to stop them at all. Just pass a law that states brokerages that allow you to invest more than [dollar amount] into the stock market are not allowed to use [regularly updated list of features].

[@TylerSinden]

It's like that check box that we have to check after reading all the 500 pages of terms and agreements that we all read for a week.

[@LobstahLovah523]

Robin hood sucks, I tried to sell all my doge at 65 when Elon was on SNL at the opening monologue and Orbi hood locked up amd had so many technical errors it refused to let me sell until it dropped to the low 30s. Robin Hood is a FRAUD

[@lokoamerican4934]

We're all grown. We know the risks. Leave our stuff alone.

[@waltermh111]

Except not everybody is grown and not everybody knows the risks. Stop thinking you can speak for everybody. Only speak for yourself.

[@Woter_X]

@@waltermh111 he is speaking for everyone. You should too.

[@waltermh111]

@@Woter_X okay dictator, since you control everybody, go rule another kingdom and have your fun but as long as you're in the United States you don't speak for anybody except yourself. That's the cost of freedom, you don't get to speak for other people. The liberals may think they can but then their cities are being destroyed more and more every year so they're paying the price for it.

[@Woter_X]

@@waltermh111 I said “he” is speaking for everyone. Why are you calling me the dictator? And Arnt you being a little bit contradicting? You’re telling everyone to do their own thing and he’s telling everyone to follow. What gives you the right to tell people to do what they want?

[@waltermh111]

@@Woter_X You are declaring that he speaks for everybody? What else does that make you? You dont get to declare that any more than he gets to do that. The rest of your post doesnt make any sense, but have fun in your head I guess.

[@arnoldkrause1404]

Was locked out Robinhood Since May, they have no customers service! Until I had a case number with Finra and the SEC. took a month and a half!

[@chinoskateboardv]

Haha; since when did they care about how much “money” I could lose. Shoot it straight. They’re scared that these “meme” stocks will tank their “long-term” share prices 😂😂😂

[@mirabella2154]

Exactly.

[@MrKodachii]

They keep tagging things like "meme" stocks and in a somewhat derogatory way. Like everyone who invested in these particular stocks have done no research or put any thought into where they put their money.

[@costafilh0]

Good advice to use multiple brokers! Thank you!

[@LandoSuccess]

I told ppl months ago to LEAVE ROBINHOOD ALONE. I took all my money out and switch to a few other platforms

[@Ironmon007]

You the man! Can’t believe you made them reach out lol

[@Ironmon007]

Hey, could you do videos on new coins? Like NoWarCoin Like Pangea Both have some great causes for the world!

[@kblade024]

Waiting for Webull to allow fractional shares so I can officially make the move.

[@GrahamStephan]

SOON ;)

[@mattmcd1627]

Webull is owned by china.. so i hope you're okay with giving them your SSN and other personal info...

[@austingoyne3039]

AMC seems like a sure thing to me. Hedge funds have no choice but to cover 100M+ short positions.

[@shellywhite2145]

I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.

[@shellywhite2145]

@jay pritchett That's wonderful, i've always been told that investing with an expert has it advantage but i have no idea how to find one

[@christophergomez8524]

@jay pritchett I think i may have actually come across MORLEY PERCY somewhere talking about the stock market and she spoke so brilliantly, please how do i get to reach her?

[@numberoneappgames]

Sadly, the real gambling is short selling Now we've got a way to fight back. :)

[@stefamily]

:O OH NO

[@XXX3155]

This is a misinformed comment, I hope people that reads your comment understands how what you wrote is fundamentally incorrect

[@tqlla]

@@XXX3155 Short selling has potential for unlimited losses. AMC($47) had a high short interest at $3, and recently touched $70. Could you imagine being down $67 + Interest on a $3 stock.

[@numberoneappgames]

@@XXX3155 Go and ahead and explain how I am wrong. I honestly want to hear what you have to say. :)

[@pedroewert143]

@@numberoneappgames there are stoplosses and risk management. And opposite to hedgefunds a retail investor doesnt move the market if he has to buy the shorted stock back at a loss and the order of a retail investor is much easier to fill.

[@vinchipolo1372]

Well stocks go up and plummet dow not because of robinhood. Robinhood is a way for the smaller guy to be able to invest. Its not us that destroys the economy. Its the big institution that does its like the global recession. Big corporations did it and not us. They just dont like the challenge with users betting against them.

[@Hinkle3]

Geez what a rollercoaster that guy was on who took out the loan, lost everything then up a million and now at $6k 😂😅

[@Beemernow]

The fact he was able to comeback and take it up to a million plus then lose it all, should tell you everything you need to know about him and leave you having no sympathy for him whatsoever....

[@dhgcrack3r111]

I OWN AMC and I’m proud

[@nicksearles3996]

@@financeabcs that’s sort of boring for boring returns IMO

[@loridemars4549]

How can a company that you're trusting with your money not let you have access to what's rightfully yours? Why are they taking so long to resolve your problem? Because they're probably using it to profit from. The longer they put you off, the better for them . I would be absolutely livid if I were you, regardless of how much money I have. Makes one not trust them when they can't pick up the phone and you have to email them to reach customer service. Even at that they aren't helpful and responding appropriately. Shame on them. Unacceptable. No thank you.

[@LiosWorld1]

Wow I’m closing my Robinhood account because of this. Thank you

[@GrahamStephan]

you got it!

[@stefamily]

Thanks for watching!!

[@laurajackson1319]

How do you move your $$?? I have so much in robinhood

[@brucerowe2895]

@@laurajackson1319 Go to a new brokerage firm, and open a new account, hope you get one of the bigger ones, and they give you a request point to transfer from another account to your new one, it will take a while to transfer, but will transfer.

[@LifeofKairo]

--Steal from the rich and give to the poor-- Steal from the average joe

[@TheIcedCoffeeHour]

😔

[@GrahamStephan]

hmmm

[@markm0000]

Steal from assholes that screw over businesses down on their luck as a career.

[@MichelleMarki]

Sheriff of Nottingham at its finest

[@pluto9]

I thought public was a super cool platform until I actually tried to register my account, and three months later, they still haven’t verified me.

[@grahamfan]

Dang Graham! You will be old and Gray before RobinYou takes care of your account. That is really sad man. I have read lots of horror stories like this one. I am so glad that you are pulling out and getting off of their platform. Good for you! 😎

[@soldiernew5187]

RobinYou, I like that

[@edubb2491]

Bullshit.old n gray!! You gram lover

[@grahamfan]

@@soldiernew5187 Thank you very much! I really appreciate the kind comment. 😎

[@brcam2013]

Thanks for explaining this without coming off as a dictator like some of the other ones do. This is a free country and we have a right to spend/invest our (earned/taxed) money how we choose. Simple warnings and reminders to be responsible I agree with. But anything above and beyond that is pure dictatorship and un-American.

[@jimmythecricket8783]

"What's up Graham, itsguys here" Right off the rip...lol love it

[@redfinance3403]

Interesting video topic that you could cover: Does Technical Analysis really help Investors in predicting the value of a stock?

[@MrCleverclips]

I've been studying technical analysis for three years. Yes it does but really it's for day trading and you need a deep understanding of order flow and what liquidity means and is. It's good when you're leverage is high and your trades are from an hour to a few days. Fundamentals will always beat technicals over the long term.

[@MrCleverclips]

I got a webull and a Robinhood ad and nothing is more ironic than graham making money from them while cancelling them

[@redfinance3403]

@@MrCleverclips Thank you for the response because it is very valid. I was just more looking for Graham to respond since he is an investor who doesn't necessarily rely on Technical Analysis so I just wanted to see his perspective on the topic. 👍

[@MrSlm1982]

If I had your issue with RBH I would drop them too. Fortunately I haven't had that issue (yet).

[@edubb2491]

I bet if he contacted them every other day..it would of. Been solved faster..he didnt care tho..cause he got lots of money🤦

[@MrSlm1982]

@@edubb2491 Agreed, "squeeky wheel gets the grease" as they say. But he's right you should diversify even amongst brokerages. I still like RBH though, I just ignore the bells and whistles and invest responsibility. As people should be doing in the first place.

[@edubb2491]

@@MrSlm1982 💪

[@Tristan14578]

Yeah these are the reason I left robinhood back in February myself

[@andreabest8846]

All thanks to Janet foreign exchange for helping me to trade my $150 into Bitcoin and I was credited with the sum of $2000 after seven working days of my trade with her now I’m mortgage debt free I can settle my bills without even touching my paycheck I’m so happy with Bitcoin life is easy 😊

[@joncontreras5379]

You’re my spirit animal

[@GrahamStephan]

:D

[@stefamily]

Thanks :D

[@MarkReese]

We can still use Webull to invest in Bankroll Coffee, right? 😁☕️

[@GrahamStephan]

haha one day ;)

[@steffiejoe]

webull also uses APEX. I went with fidelity.

[@yme3267]

Webull is entirely Chinese owned. Why I refuse 🤷‍♂️

[@chriscox1121]

SEC wants elementary notifications in order to treat adults like kids. Adults should do their own DD, especially when it comes to money.

[@theoleonardo6064]

So I'm not the only one.. Same thing happened to me, about a week ago. So I guess I'll have to wait. I'm gonna cancel it.

[@lourdesventura7537]

What should I do go to college or go and start my business while being active duty

[@Mgkamiolo]

If you got a good business model I would say go for it.

[@jameljohnson4840]

Start your business...learn digital marketing

[@AnaG]

Start your business

[@apeshitclothing]

Start your business

[@jovanni_orb5116]

Take some classes will on active duty because if you decide to go full time college after you get out you can stretch your gi bill farther. Also look up Vocational rehabilitation program. It like gi bill but maybe better. Depends on your situation.