Robinhood trading site seizes up, customers miss stock rally

I would love to get on RH put down train, but my not no name 401k provider had issues with their website entire Thurs morning last week.<p>It is kinda like a bank rush, only really well heeled institutions can survive everyone and their mother jumping in the fray.<p>Now.. the common question is whether the company should have an infrastructure that can support its customer load at times like this.

I saw a tweet that showed they didn&#x27;t &#x27;account for&#x27; leap years.. And by account for I mean: use a standard date library to handle dates. I too have made this mistake when younger and tried to be smart with dates, but not on a f&#x27;ing multi million dollar service &gt;_&lt;

Related: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=22475019" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=22475019</a><p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=22468361" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=22468361</a><p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=22465178" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=22465178</a>

Quantitative hedge funds must be making an absolute killing these couple weeks from the number of individual traders trying to daytrade through all this volatility.

I&#x27;m not a Robinhood user -- do they have guaranteed stop losses? This is something that could appease lots of users (assuming it&#x27;s used correctly) even in this kind of situation (since _guaranteed_ stop losses exist pretty much for exactly this eventuality).

It was pretty easy to miss if you&#x27;re in the habit of blinking.

I&#x27;m pretty ignorant of investing services&#x2F;brokers...<p>Is this a case of people putting all their eggs in one basket? Does Robinhood have a &quot;guaranteed&quot; 99.9xxx% uptime guarantee?<p>Sucks for a lot of people who evidently are putting a lot of money in the market and couldn&#x27;t do anything due to a technical issue.

And this is why larger brokerages are worthwhile. Not to mention, if my bank&#x27;s app freezes, I can call someone to place a trade if needed.

<a href="https:&#x2F;&#x2F;archive.md&#x2F;2JRJK" rel="nofollow">https:&#x2F;&#x2F;archive.md&#x2F;2JRJK</a>

I&#x27;ve been following the reaction on WallstreetBets for my new project <a href="https:&#x2F;&#x2F;topstonks.com" rel="nofollow">https:&#x2F;&#x2F;topstonks.com</a><p>I was wondering why mentions of Robinhood blew up yesterday:<p><a href="https:&#x2F;&#x2F;imgur.com&#x2F;a&#x2F;iWxEZkS" rel="nofollow">https:&#x2F;&#x2F;imgur.com&#x2F;a&#x2F;iWxEZkS</a>

Power Etrade was pretty sluggish today for awhile as well.

Seasoned traders probably have a second account to hedge.

May be it was a good thing. The market drops again today. The rally was a dead cat bouncing.

I get the feeling that the less RH is available, the less money their customers will lose.

I checked one of their backend engineering job postings, using Python and Go... mostly python? Probably should have chosen something ~~boring~~ safe, like Java. A dynamic language like python&#x2F;ruby doesn&#x27;t seem to be a good choice for critical financial applications.<p>I&#x27;m know it can be done in python, but its about curbing any potential for human errors. Interested in seeing the RCA for this.