These trading services are becoming more like roulette tables. They encourage addiction by providing intermittent Skinner-Box-style rewards, they show inconsequential information to create a delusion of expertise for the marks (e.g. previous roulette numbers vs. a plethora of charts), and now they're both open 24 hours.
Robinhood is actually making some pretty smart(or scummy, depending how you see it) moves lately.<p>Their latest earnings showed they make a ton of money from interest on cash on hand, while trading and crypto slid. They offer high interest for money you park in your trading account.<p>So now to check your balance, you see all these stocks going up and down, ripe for the buying with a click from your well funded brokerage account. Now, you can do so even in the middle of the night.<p>It's not a ton different than say, a casino offering high interest on a stack of chips if you set them on the corner of the blackjack table.
How can they offer this? The markets open and close.<p>This can only operate by buying and selling in a dark pool or ATS. So you have no actual ownership or any rights.<p>Avoid at all costs.