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. 

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 !!