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Robinhood says customers net deposited $2.3 billion to its platform in Q3, but assets per user FELL QoQ from ~$4,500 to ~$4,200. The S&P 500 was flat in Q3 and yet the average RH user seems to have lost money.
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Welcome to trading
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Off course your going to lose money yolo day trading
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RH users lose 7% of their deposit in spread crossing cost per quarter? Sounds about right
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But PFOF
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equal-weight this beast and see:https://www.fool.com/investing/2021/09/30/the-top-50-robinhood-stocks-in-october/ …
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Could just be that the WSB pyramid scheme 1% founders collected the major parts of the pump/dumps. Thus creating AAPU lower. Same kids money, just distributed different, and exchanges be laughing as they are the real winners with tx fees.
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Did the number of users remain constant?
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The missing bit of data for true comparison
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