<story><title>Robinhood goes down again, during another historic trading day</title><url>https://www.cnbc.com/2020/03/09/robinhood-app-down-again-during-another-historic-trading-day.html</url></story><parent_chain><item><author>chasingthewind</author><text>Matt Levine had some interesting (and funny!) insights the last time [0]&lt;p&gt;&amp;gt; It is well known that one of the best services a retail broker can provide is not answering the phones during a crash. The market is down, the customers panic, their timing is terrible, they want to sell at the bottom, they call you up to say “sell everything,” you say “we’re sorry all our representatives are assisting other customers, your call is important to us,” they hang up and get distracted, the market rallies, they forget about selling, you have saved them a fortune, good work.&lt;p&gt;[0] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;opinion&amp;#x2F;articles&amp;#x2F;2020-03-03&amp;#x2F;robinhood-picked-a-bad-day-to-break&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;opinion&amp;#x2F;articles&amp;#x2F;2020-03-03&amp;#x2F;robinh...&lt;/a&gt;</text></item></parent_chain><comment><author>crazygringo</author><text>I just feel for the smart investors calling up because they want to BUY everything... and can&amp;#x27;t get through :P</text></comment>
<story><title>Robinhood goes down again, during another historic trading day</title><url>https://www.cnbc.com/2020/03/09/robinhood-app-down-again-during-another-historic-trading-day.html</url></story><parent_chain><item><author>chasingthewind</author><text>Matt Levine had some interesting (and funny!) insights the last time [0]&lt;p&gt;&amp;gt; It is well known that one of the best services a retail broker can provide is not answering the phones during a crash. The market is down, the customers panic, their timing is terrible, they want to sell at the bottom, they call you up to say “sell everything,” you say “we’re sorry all our representatives are assisting other customers, your call is important to us,” they hang up and get distracted, the market rallies, they forget about selling, you have saved them a fortune, good work.&lt;p&gt;[0] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;opinion&amp;#x2F;articles&amp;#x2F;2020-03-03&amp;#x2F;robinhood-picked-a-bad-day-to-break&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;opinion&amp;#x2F;articles&amp;#x2F;2020-03-03&amp;#x2F;robinh...&lt;/a&gt;</text></item></parent_chain><comment><author>capableweb</author><text>Seemingly this is the strategy of many Bitcoin exchanges as well, as every time Bitcoin price is going down, mysteriously Coinbase is having issues with their systems.</text></comment>