ARE YOU GAMBLING ON ROBINHOOD? | Wallstreet Trapper (Trappin Tuesday's)
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
4.9 β’ 2K Ratings
ποΈ 18 November 2024
β±οΈ 11 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
Transcript
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| 0:00.0 | Robin Hood is not designed for you to really build wealth. It's designed for you to gamble. |
| 0:06.4 | Robin Hood is not designed for you to really be, and I'm saying this, I don't care. Like, |
| 0:11.8 | Robin Hood is not designed for you to actively play the game from a wealth building perspective. |
| 0:20.0 | It's designed for you to play the game as a gambler. |
| 0:23.9 | It's designed for you to play the game as a gambler. You know why? Because they understand |
| 0:29.6 | that the average person that is on their platform is new to the game. |
| 0:38.8 | And so what happens is when they simplify the game, the way they simplify the game, it's |
| 0:44.8 | almost like a video game. |
| 0:48.0 | They want you to make fast decisions without the right data, even though they're adding |
| 0:53.2 | some data to it, they know you're going to overlook most of it. |
| 0:58.0 | It's designed for you. |
| 1:00.4 | Watch this. |
| 1:01.1 | If you look at it, they've not added the raw thyroid and they added the what they want to do. |
| 1:06.2 | They want to get you to put as much money in this platform as possible so they can leverage it the way |
| 1:11.4 | they need to leverage it because their spreads are out of this world if you go look at |
| 1:18.8 | their spreads compared to other people's spreads their spreads are out of this world that's how |
| 1:25.5 | they're getting paid. Which is okay |
| 1:28.3 | once you understand it. |
| 1:30.7 | So now you realize that it's not, |
| 1:32.3 | it's actually not free. |
| 1:36.6 | Because they're knocking you over the head |
| 1:38.7 | with the spread. |
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