 boom What's up money geek sums of V here welcome to another video so in today's video we are going to talk about ticket symbol H OOD Robinhood so again, this is a company that we've talked about here on the channel I personally have a history with Robinhood not a good history Uh, but again, I'm I'm being objective here and I want to kind of give you guys what I'm seeing right now With the stock and the opportunity that it presents for for us as traders Before we get started guys, we are new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out on new content. So Robinhood again Everybody knows about Robinhood. I'm pretty sure if you go ask your grandma right now She knows about Robinhood. Remember when we had that GameStop AMC craze Where everybody that was trading made money That's where people knew about Robinhood and then Dogecoin came around and just kind of pushed the popularity of Robinhood Crazy, so again, a lot of people took advantage of it. So if you're somebody that doesn't know what Robinhood does Again, it's just a kind of an investment platform. And it's actually taken on the younger generation People that just want to be able to do stuff themselves And so they started this whole commission free trading again, just go on their website read about them They are right now most platforms are commission free But for some reason Robinhood really really Resonate with younger investors. So if you take college kids You take high school kids that invest a lot of them are utilizing Robinhood So again, um, just because of the simplicity of that platform Just to give you guys some context. I have an issue with Robinhood Way back When I started trading or day trading I used Robinhood for a little bit But the platform got so glitchy to the point where I lost a lot of money and To be honest, I didn't think that they knew that was coming because I I was one of the first people that I got on Robinhood when they first started when they sent out The emails and you say hey, it's time to to sign up now Sign up when the platform was ready. They told me to that platform is ready I went in there and you know, put money and started Buying stocks and then from their people more and more people said they are joining the platform. So 2019 when we was just about to get into 2020 A lot of people started talking about the stock market and a lot of people started getting involved. So Robinhood Got just this volume where Doing market open. There were a lot of people Trading to the point where the platform could not sustain that volume. As a matter of fact, it actually would broke the platform because Um, it was just freeze. So at one point I got in a position and I was actually up $6,000 in that position I have a video on the channel. You guys go check it out. Um, and then Everything just froze. I couldn't sell. I could do was nothing I could do To the point where by the time Robinhood came back online I was down three grand. So I had gone to being up six all the way down to Uh, three grand and then I finally was able to cut my losses and and get on there when I reached out to Robinhood Because they knew it impacted people to say hey, if you were impacted by that Bleach like no reach out. So I reach out and they said For compensation, you're gonna give me 75 bucks Which was like a slap in the face in my opinion So I got so pissed at Robinhood and I told him like to go kick rocks. I was done with them Um, and so I'm still pissed at Robinhood till date and then come the game stop issue Where they stop people from buying more game stop and you can only sell but you can you can you can buy That was another one. So they're just gonna throw me over. I I really don't like Robinhood. I'm mad at them for all of those reasons, but Besides my grudges with Robinhood right now the stock is presenting some opportunities that I want us to kind of take a look at So, uh, the first thing I want to kind of bring up here today is Most recently there's been a a a think about Sheber getting listed in Robinhood remember when dogecoin got on Robinhood that was massive Robinhood made a ton of money off of dogecoin People trading dogecoin on that platform because their revenue Last year from crypto I think like 70 or 80 percent of it came from dogecoin And then fast forward this year. They just reported their their earnings. Um, yeah, I think they are q3 earnings And uh, their crypto revenue was really really down Because I mean, you know what happened this past year the market was kind of slow back in March when things pulled back a lot of people were not involved in the market And they're usually in the summer months and stuff like that A lot of people want to go out and just have fun compared to last year where we had covet People were trapped in the house. Everybody became a trader. Every people was just Bored and had money, but didn't know how to spend it. We're looking for opportunities And so we had a lot of people Putting money into the market, you know, we took about hey, did you hear about dogecoin? We cannot buy Robinhood. Somebody's just gonna create an account and dump money in Robinhood And so they made a lot of money Trading for when people traded dogecoin on the platform. So now Shebar, you know, is another meme Crypto that's out there, but yet Robinhood hasn't listed them So there's a petition right now if you can see on the screen here has over 500,000 You know petitions that people are asking can you list rob? Can you list shebar on Robinhood and somehow Robinhood is saying they're doing their due diligence before they can list shebar on the platform Which um, I don't know what that due diligence is going to be It's a money generation Money generating opportunity for you guys. So due diligence. Are you saying that shebar is a meme? It's a meme crypto Dogecoin was a meme crypto. So I don't understand why they are really slow on doing it But uh, just from a from a business standpoint, I think there's a huge opportunity here for them to list Sheba I make a lot of money off of that. So if they're slowing, that's that's totally up to them So that's one good thing again. They missed they missed your crypto Revenue last year. So this year they have actually really been slow the miss miss on their earnings Just because of that So let's take a look here and see where the stock is currently trading right now And the reason why I wanted to do this video for somebody that's interested in trading Robinhood right now Robinhood is trading below their IPO When they came out because they came out around 38 dollars and you can see here Squeezed to a high of about 86 dollars all the way up there And then since then it's just been trending down down down in notice that each time it came down to around that IPO Area it bounced back. So came here bounce Came down bounced And you can see in here was just kind of like trending along that line Finally, uh, broke that line here and got underneath that IPO. So right now sitting somewhere about 30 Dollars a share which to me For an opportunity for somebody that wanted to go along on Robinhood This would be a good spot for you to open the position and again When I see open the position you have to be smart about it I don't want you to just take every money that you have and just dump it right now at this level because it can Still pull back a little bit. So you do what we call dollar cost average dca So if you have $500 to to to put in Robinhood you start with say $100 or $200 you buy a few shares and then you look for opportunities if it dips a little bit again You average your way down if it dips you average your way down So you just keep averaging your way down until you get the money in there. So let's say if you start at 30 Um, and you get them down to 20 by the time you're done Your average could be somewhere around 25 or 24, which is better than where you started at 30 So that's how you should get into this one So I'm looking here that if they make the move and list a shipper on your platform And add some other cryptos that are some of the meme cryptos Some reason that's what people are really excited about People tend to trade those meme cryptos more than they do regular cryptos like bitcoin and ethereum Just because those are very expensive People like the idea that they can become rich faster with those meme crypto for at least a amount of money So you put $500 you can become a millionaire for $500 compared to if you put $500 in In ethereum or in bitcoin It's not really going to Turn you into a millionaire just like that. So if they make those moves, I think Robinhood Fortquarter earnings is probably going to be good. They're going to show some revenue But they have to make that move in my personal opinion Again, they are from a user standpoint They're getting more users more people are signing up on the platform more people know Robinhood more Younger generation are getting in them and are starting to invest in I think if they can even go ahead right now, again, this is me giving advice to Robinhood, which I don't really appreciate If they can actually Create custodial accounts on that platform I bet you Robinhood would explode even more because I know a lot of younger kids that want to start investing But they don't they're they're not 18 yet So they have to go through the the process of either a custodial account or A parent will open an account and then the kid would run the account and stuff like that But if they can set up a custodial account just like stockpile did that would be fantastic If they can just copy that particular aspect of stockpile into Robinhood, it'll be sitting great. So That's that's what I wanted to point out in this video. So again, just to recap here I think Robinhood is currently sitting at a good spot where they can potentially um, you know Get go long for for people that are looking for a swing trade This is this is an opportunity for a swing trade and so again remember if you're swinging you have to have a plan Put you you average your weight into it But yet you have a line where you say hey if we go beyond this line I don't want to sit in this particular swing until the cows come home No, you cut your losses and then buy it back again if it goes too too low So that's how the mentality that you have to have in the back of your mind So, let me know in the comment section. What do you think about Robinhood? Do you think they're gonna list shiba on the platform? Or you think they're just like pulling the leg like we don't want to deal with this Or you think Robinhood is nothing I want to touch because of what they did to Retail investors with GameStop and AMC. I have nothing. I don't want to deal with that I don't want to trade this stock again. Let me know in the comment section If you're new here, we talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on your content also guys if you're looking to get started with investing Again, Moomoo has these wonderful promotion right now Wait if you sign up to your platform and deposit any amount one dollar two dollars three dollars You get five free stocks somewhere between nine dollars and three thousand five hundred dollars Put the links in the description below and as always guys do your due diligence. Don't be a greedy savage Stay motivated