Robinhood CIO Stephanie Guild on Customer Trading Behavior and Bitcoin Buys

Customer Trading Behavior on Robinhood

• 💡 Customers on Robinhood tend to hold core positions and then trade around them, adding to positions that drop significantly and trimming those that rise.
• ⚠️ Over the past week, there has been some trimming of positions that are still down, and evidence of tax loss harvesting within the customer base.

Top Actively Traded Stocks

• 📊 The top actively traded stocks include Apple, Palantir, Tesla, Netflix, Amazon, and Nvidia.
• 📈 Nvidia and Tesla are among the most actively traded, with Nvidia being on the buy side and Tesla on the sell side.
• 📉 Tesla, Palantir, and Apple have seen net trimming, while Nvidia, Amazon, and Netflix have seen net buying from customers in the last week.

Bitcoin and Crypto Interest

• 💰 Bitcoin has been a net buy over the last couple of days, indicating continued customer interest in cryptocurrency.
• 💬 While customers love stocks, crypto is also a significant area of interest, though recent market volatility may have made them more cautious.

Customer Savvy and Market Pullbacks

• 🧠 Robinhood's customer base is described as relatively savvy, adapting their strategies during market downturns.
• 🏦 In past pullbacks, customers added to broad-based indices and then single stocks, but in the recent pullback, they are more mixed and gunshy about going full force.
• 📈 There's been a mix of broad-based index buying and selling, suggesting some tax loss harvesting as the year progresses.