ROBINHOOD Tracking : This is the end

This is the end, beautiful friend

This is the end, my only friend

The end of our elaborate plans

The end of ev'rything that stands

The end

No safety or surprise

The end

I'll never look into your eyes again

It seems Robinhood decided to restrict (read "sell for money instead of providing for free") access to its public API based upon with sites like Robintrack  worked. Certainly it would be another potential source of income to Robinhood, but it means that my experiment has to finish. In any case the performance was disappointing so I am not shedding any tears.

 

3 months ago, for a fun social experiment, I created two indices to track Robinhood Traders performance. Going forward I am not going to rebalance the indices. I am leaving the tracking on with the last set of stocks which you can track below anytime. 

$GBPUSD : Is this the final leg up for CABLE?

 Cable, as GBPUSD is popularly known, taking its name from the first truly successful cable across the Atlantic, which once completed in July 1866 allowed reliable transmission of currency prices between the London and New York City Exchanges, has been an important pillar in world currency markets. Even though british empire and GBP have paled in significance in the the league table of world economies, GBP still remains the 4th biggest reserve currency of the world as per IMF data.

Since hitting new multi decade lows in Feb 2020, Cable made strong recovery along with rest of the asset classes from the lows of 1.1414 to nearly 1.3085 today. Does it mean the worst is behind us or the rally is coming to an end. 

Let us find out!

ROBINHOOD Tracking : July rebalance results

2 months ago, for a fun social experiment, I created two indices to track Robinhood Traders performance. So far the performance of Robinhood has been disappointing. Let us see how the month of July has been.

ROBINHOOD Tracking : June Rebalance Results

In June 2020, for a fun social experiment, I created two indices to track Robinhood Traders performance. This is time for first rebalance and report card. Let us see how they performed compared to broader market.

..... drumrollll .....

ROBINHOOD Tracking

A lot has been said about Robinhood traders on social media and in trading & investing circles. Some call them bag holders while others call them dumb money. They have been blamed for large inflows into ETFs like USO or JETS when the seemingly "smart money" was heading for the exit but if you look back many of these "popular" stocks have done well. So the question is "are the Robinhooders, as they are called, really dumb money or is this just a cases of wall street smarty pants being a little jealous of common man making some dough?" 

Let's find out !!

I'm back!

It seems I have got some time on my hand and also the markets are becoming interesting so I decided to dust off this old blogger account. Looking forward to sharing my thoughts and comments on the markets and looking forward to interacting with you again!

Watch this space!