HOOD trade ideas
HOOD - Robinhood / Short Memories / The Confederacy of the DunceHoodiots are a common breed. Freshly minted, young, inexperienced investors looking to get their Game Stops on in the markets.
600,000 new accounts (Probably FAKE bot accounts sponsored by Citadel, lol) opened in a single day.
Hoodiots seem to easily forget their accounts were locked out of Buys, only Sells.
Were a broker to ever do this, they'd be 86'd to the curb forever, but Hoodiots "Believe" it's ok.
It is not.
$3.4 Billion was required to meet settlements... stability?
No.
DTC can cut Hoodiots heads off in an instant, they've done so... but hey, they'll never do that again!
Wrong.
More vague excuses, misinformation - "It is for your own good", "We are increasing Liquidity"
Accept that they ran out of cash. Keep moralizing their decision and citing misinformation.
RH eroded trust and went to none other than JPM for a $Billion... the very edifice you all claim
to beat back every day... stopped both buying and selling, except to close existing positions.
Laughable.
Unless you’re paying for trades you’re routed to someone buying order flow.
E*TRADE, Ameritrade, etc sell order flow for revenue.
You're a long con sucker.
Preventing buying and selling - except to close existing positions. You are your
own Margin Liquidity Trap - a death spiral.
You moved your Capital to a Fault Line, expect earthquakes.
$HOOD 50% drop from IPO highI have been observing hot IPOs price action for a while. If it is a hot stock, there are 2 ways it usually goes:
1. Straight up drop 50% from the IPO day, then finds good entries there. Example: $COIN
2. Get super hyped and went to the roof. Made IPO high, then drop 50% and find good entries there. Example: $CRWD, $SNOW, $ZI
I believe $HOOD belongs to the second category. Current price is a low risk entry for those who are interested in owning it. Beware of the drama with the SEC about Payment for Order Flow and gamification of stock trading.
$HOOD is not a Meme Stock.. Here's WhyHOOD may seem like the ultimate "meme stock", following in the footsteps of, and perhaps soaring past, the likes of AMC, BB, FUBO, and GME. But it's important to remember what unifies those other names -- short interest.
As far as we know, HOOD is not irregular in this factor. It's just a broker stock. If traders are sitting in HOOD shares on meme stock bets, it could be rough sledding ahead.
hood lookin' like a longafter big price movement hood has been consolidating for the past 2 weeks. it is currently forming a bull flag/falling wedge price action. today just filled the gap left open from aug 4. usually after gap fills you tend to get strong support at that area. looking for a bounce from here.
-boosung
Trade Setup: Buy/Long Robinhood Markets (HOOD)Short term, higher risk thus smaller positions apply.
- On 8-EMA
- Gap Close
- Low volume pullback
- Nearing incline support
- Overshot 61.8% Fib
Reclaiming 49.00 will be 1st sign of potential reversal.
Trade levels:
Aggressive traders buy here, $48.20
Stop: $45.25
Target: $57.00