 it's over what's up money geeks mr v here welcome to another video guys so into this video we're going to be talking about the robin hood crisis you guys know i talk about robin hood here on the channel i know how they good for investing give you free stocks and you can get started on that platform but this week robin hood did something really really stupid which you don't see in the 21st century like the platform was completely down for 24 hours and that's not even the case even when they came back online they went dead again for another two hours and so i've been thinking lately like i know robin hood is a good platform for people that want to get started is it really a place for me and here's why i started doing some day trading just testing the market and seeing how that works and so my strategy has been i'll do my research overnight and get up in the morning and during the pre-market phase i'll do a little bit of trading within that period and just kind of make some money see if i can make some money my first 30 minutes into the market then after that i'm done and i'm out and i go do my day job so this past week i get up in the morning and i was super excited you know to to trade so i got in the market bought some stocks and so i was super excited and i saw the stocks go from 16 dollars a paid for rate to 21 dollars a share like that and i was sitting on about 4500 and profit and trust me i'm not bragging here because i have no idea what i'm still doing i'm still learning how to day trade so it is so happened that the coronavirus is out there so anybody that's working on developing a vaccine for coronavirus when they put out any good news their stocks spike so i kind of found this company and they're working on a vaccine for it and they said their vaccine was going for a level two test which means that the FDA is actually looking into it and which is good news and so i bought that stock at 16 bucks and got up that morning uh it is spiked to 21 dollars so and i'm like hey this is time for me to take my profit and get out and i'm super excited like that would that would have been the most money i've ever made in less than 30 minutes 4500 dollars in less than 30 minutes so i jumped on like okay let me sell the stocks and get out but behold i couldn't sell the stocks each time i keep saying hey sell sell sell i get i keep getting error message from robin who like oh error message can't reach the server can't reach the server and i'm thinking to myself like oh maybe this is because i'm doing it on my phone so i jumped on my computer on my desktop try doing it again i kept getting the same error message and you know what is so worse during that whole period i watched the stock go from the 21 dollars that i was sitting on that was supposed to have made close to 4500 down to 20 down to 19 down to 18 down to 16 that i paid for so i was even at that point down to 15 down to 14 and i'm like oh my goodness what is going on here um then i got this email from robin hood like oh yeah we know um that our servers are down with sorry we're working really hard to try to fix it i'm like no no no no i don't care about i just need my money and that went on all day so that stock went from me being positive and almost making for the 500 down to me losing money so that got me thinking i'm thinking like yeah robin hood is good for status but i don't think since i want to test day trading i don't think robin hood is the platform for me for me so is it time for me to hashtag robin hood walk away i think at this time but i wanted to make sure that i give them another shot so the very next day i got up tried again and between 9 a.m and i think like 10 30 they had another glitch and i'm like wow fool me once shame on you fool me twice shame on me and i'm like oh i think it's about time i get out of this platform and so i'm actually in the process of hopefully liquidate all my assets out of robin hood and move them into a new platform um i'm thinking of some different options so i'm thinking of our maybe tink or swim or uh will bowl i'm doing some research i'm testing we want to do a video about it hey you guys who are really gonna love it will bowl is on fire the platform is filled with a ton of information and research that you can definitely use so i've been testing uh will bowl doing what i call paper trading on their platform just testing to see if that was real money how the trade turn out so i've been testing that and so far i'd say it's good and right now if you use use the link in the description and sign up for will bowl you get two free stocks isn't that awesome that's a way for you to get started so um i'm going to move my asset now i'm going to do another video to show you how i'm going to how migrating all my asset from um from robin hood to uh will bowl it doesn't mean i'm never going to use robin hood i'm going to use robin hood but just not for day trading the platform is not built for day trading whatsoever so that is our my little soliloquy today um it's it's been a really really bad week for me um watching for the 500 go down the drain like somebody flushing for the 500 down the drain um and i just couldn't do anything about it and then so you're probably asking like hey why don't you call robin hood and figure out what's going on they don't have a number they don't have a customer service number and so i send them an email uh that same day complaining about what had happened to me i got a respond email like hey we got your email about your complaint and we're going to look into it when we get there um i don't know when that's going to be because um i think everybody's complaining right so they probably have their hands full right now so um why i'm waiting for that i'm pretty sure somebody is going to maybe sue them maybe a class action lawsuit against robin hood for the damages that they cost um granted some people benefited some lost money like me i lost money so if there's a class action lawsuit include my name i want to be on that and make sure that they compensate me for the losses um that i actually inquired during that period so um that is that's what i'm about for this video guys i i know it's me ranting and complaining about robin hood again i mean it's a platform for for beginners it's not a platform for somebody that wants to day trade because um again he doesn't have all the tools for day trading um it's not as fast um as far as the other platforms for day trading so i've tested it i gave her a good shot and it's just they make the the cut so i'm going to move on to another platform like i said right now there's two platforms on top of my list there's will bowl which is said if you use the link in the description below you get two free stocks um and then there's tinker swim from td a very trade so there's a two that i'm actually trying to double we right now hopefully by the end of the week and into next week i would have you know put myself in a position to make that switch and i'm gonna let you guys know so question of the day did you get any impact during that down or during that crash by robin hood and what do you think about robin hood now that you know that it they are capable of doing this to us let me know in the comment section if you like the video guys hey go ahead and give it a thumbs up because that's how we get ranked here on youtube and as always guys stay motivated