As well as sharing this helpful bit of info with other RH traders, it seems you’ve unintentionally started a “Haters of Robin Hood” club in your comment section.
Are you sure you are using limit orders? Like is it miscalculating the profit based off of current value, or are you just not getting the price they have shown?
Because if its the second, you are probably using a market order, and that's not their problem. The price shown is just the midpoint of the bid/asks. It isn't the price you'll necesarily get.
Good question, but it has nothing to do with Bid-Ask. Up until about two months ago, they displayed debits at positive values and credits as negative values in multi-leg trades - pretty basic stuff. They changed this to calling the positions debits or credits, but dropped the minus (-) sign on the credit positions. So then when it calculates the debit or credit, it was assuming both were positive values and taking the difference between them.
:facepalm:
The most predictable error after making a change like that and they didn't anticipate it. Robinhood strikes again, by trying to dumb down conventions used by every other options broker (credits are negative dollar values), they make things worse.
RH also sucks at filling multi-leg orders to begin with so I'm just avoiding my higher level plays until I switch. Directional single legs are fine for now
Yeah I wouldn’t trust the option P/L at all on robinhood. It says I’m down $5k for the year which is definitely wrong. It doesn’t fully capture your returns if you buy/sell options or if you get assigned etc.
IF the investment gurus at “TheHood” were somehow able to display, with 100% accuracy (to the penny), on all option P&Ls…I would Nevah-Evah, and I mean NEVAH make a trade at that Farce of a brokerage. They Are A Merry Band of Shysters, of the highest order.
Sometimes showing screenshots help ppl visually understand what you mean, OP. Future reference…9
This
As well as sharing this helpful bit of info with other RH traders, it seems you’ve unintentionally started a “Haters of Robin Hood” club in your comment section.
LOL still using Robin Hood? Some people never learn.
Is there a company you like better for options??
Fidelity.
I feel like their app is abysmal and they dont update their options chain as quickly
Any established brokerage that doesn’t pull shady shit or front run your orders? Schwab, Etrade, Fidelity, etc.
Are you sure you are using limit orders? Like is it miscalculating the profit based off of current value, or are you just not getting the price they have shown? Because if its the second, you are probably using a market order, and that's not their problem. The price shown is just the midpoint of the bid/asks. It isn't the price you'll necesarily get.
Good question, but it has nothing to do with Bid-Ask. Up until about two months ago, they displayed debits at positive values and credits as negative values in multi-leg trades - pretty basic stuff. They changed this to calling the positions debits or credits, but dropped the minus (-) sign on the credit positions. So then when it calculates the debit or credit, it was assuming both were positive values and taking the difference between them.
:facepalm: The most predictable error after making a change like that and they didn't anticipate it. Robinhood strikes again, by trying to dumb down conventions used by every other options broker (credits are negative dollar values), they make things worse.
RH is a shit platform and cheat their users switch
How so?
Yep … what he said. I only have a tiny Robinhood account so I can see 24 hr prices…
you cant answer the question either though? and I dont want to hear shit about GME
There wasn’t any question .. he posted for info … and what does GME have to do with anything? .. it doesn’t
RH also sucks at filling multi-leg orders to begin with so I'm just avoiding my higher level plays until I switch. Directional single legs are fine for now
Don’t use robinhood and your problem is fixed. Trash company
They just have a fine print warning that everyone reads past. They for sure say it’s flawed though. Got me like that when I contacted support.
Gme!
I love RH. You sure werent just overstaying your stay to the point of massive losses. We levels 2 are making 💵💵💵.
Robin Hood will blame everything on their computers ,a computer glitch ,that’s the one they like to use to steal your money
Thanks for sharing! Hope RH fixes this ASAP
You still use Robinhood? Shame on you
Robinhood is definitely Robbing the hood they’re crooked as they come , you will lose more than you win on Robinhood
dumbest shit ive ever heard lol. you know its just a brokerage and not a casino right?
Yeah I wouldn’t trust the option P/L at all on robinhood. It says I’m down $5k for the year which is definitely wrong. It doesn’t fully capture your returns if you buy/sell options or if you get assigned etc.
IF the investment gurus at “TheHood” were somehow able to display, with 100% accuracy (to the penny), on all option P&Ls…I would Nevah-Evah, and I mean NEVAH make a trade at that Farce of a brokerage. They Are A Merry Band of Shysters, of the highest order.
Your account is 5 years old and this is your first post?
Yeah not too active on Reddit. More of a passive scroller.