Legendary Trader Peter Brandt Highlights Robinhood’s New Crypto Investment Feature, Here’s Catch

Old style dealer Peter Brandt, who began his buying and selling profession within the mid-Nineteen Seventies, has given suggestions on the brand new function that has simply been launched by the Robinhood funding app for crypto and shares. Nonetheless, his response to that’s quite sarcastic than constructive.

Brandt believes that because of this new function, buyers and merchants are more likely to start deceptive their followers on X and YouTube.

Robinhood rolls out new function; Brandt feedback

Peter Brandt quoted Robinhood’s tweet, sarcastically spotlighting this new function launched by the favored platform. The function known as “A number of accounts,” and Robinhood’s tweet said that it permits buyers to arrange their portfolio in any method they see finest.

“Group by asset class, time horizon, investing themes, or private objectives, multi function place,” it provides some particulars, describing it. This function is being rolled out to all Robinhood customers now, in response to the X publish.

Nonetheless, Brandt appears slightly ironic about this new software supplied by Robinhood. “That is one of the best half,” he commented. The savvy dealer identified that the a number of accounts of Robinhood will now permit X customers to indicate screenshots from at the least one account because the one “making the massive bucks”, despite the fact that the remainder of the dealer’s accounts could also be taking heavy losses, and thus faux to be a profitable dealer or mislead their X followers with their “success.”

The identical goes for YouTube. Within the feedback part, Peter Brandt concluded: “This can make X and You Tube much more poisonous slim buckets.”