I seriously doubt they made their own date library that would cause something like that.
-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
-
We have made minor adjustments to how the search bar works on ResetEra. You can read about the changes here.
Robinhood Outage causes guy to lose $400,000 from not being able to sell his put positions
- Thread starter hwarang
- Start date
I seriously doubt they made their own date library that would cause something like that.
Guys, is there any other app like robinhood when it comes to UI. I cannot stand facilities and vanguard
I'll just say that they are not alone among financial institutions if that was the problem. (I lost my weekend to this)
I bet they did, but that isn't really any consolation anyway. "It wasn't us, it was the open source date library we got off github" is not any better
Last edited:
What are you doing with put positions of that size on Robinhood? I'm sorry they are definitely at fault but wtf are people doing using this app with that kind of money?
I'm nowhere near that level but I probably have more in RH than many on here. I use it because it still has the best UI and doesn't charge any per contract fees for options. Even the brokers that have no commissions now still charge fees for options, and their UI's look like they were designed by DOS programmers.
I'll be sucking it up and moving on to TastyTrade after this, though. I didn't lose money today but I definitely would've made some.
Robinhood made switching apps super easy today since I don't even have money to transfer out of my account now
I believe fully in my heart that this would have been what happened.
There have been tons of shoddy bugs and exploits with Robinhood. It's basically duct taped together.
Ah yes, Feb 29 is the day when code breaks here and there.
Dec 31 (the 366th day of the year) will be yet another day where you might see some software break.
Dec 31 (the 366th day of the year) will be yet another day where you might see some software break.
Normal Brain: Use a date library to calculate the current date.
Galaxy Brain: Add the current day number of the year to Jan 1st.
I mentioned it before I lost hundreds of dollars on Robinhood. I couldn't sell my stop limit order since it dipped below the price I purchased the stock at. Luckily I made it up at the other sites but I'm pissed because I could've used that money to make thousands 😡🤬😡🤬
Man, people love to jump on uninformed shit they know nothing about. Someone else in the tweet chain mentions that if this was the case you'd be able to get a response from a request that passes 02 instead of 03 for the date. Their entire API is offline, so this is very likely not the case.
Where does it say I believed it? I am well aware that isleap() is a part of the library.
Chill.
is there a reason lots of people use it instead of other online brokers?
I don't really understand all the "haha sucks for him" posts in here. Robin Hood is a legit fading software that just completely shit the bed by being in accessible the entire day, and now people's accounts show nothing, no money, no stocks, nothing. People are going to go to jail for this gross negligence. Blaming the victims feels pretty gross to me, some of whom just lost a lot of money for no reason other than Robin Hood completely breaking
It's someone with money haven't something bad happen to them. You have to remember where we are
Reddit - Dive into anything
www.reddit.com
That's a thread from last leap year time. Down. That was a Wednesday though so it might be a hilarious coincidence?
you can invest any amount you want, you don't have to deal with anybody, can be an armchair broker and invest on your own intuition.
it's the mcdonalds of stocks basically. like you don't want to live off egg mcmuffins but every other morning it's okay, same here you invest here and there fine just don't bet the barn on it
Pfft. Maybe some make some money, sometimes, but certainly not consistently enough to be a sure thing. They're only human, they don't have crystal balls that they look into to know if things are going up or down. Sure they do more research, and likely have a better idea than the average person, but they still make mistakes. And they certainly can't predict things like the coronavirus, or tariffs being implemented with no warning, or 2018 being the hottest year on record with massive drought and agricultural impacts worldwide, or Australia burning for like 5 months etc, nor when the market is going to react, nor whether that reaction is negative or positive. There's way too many unknowns in the equation, it's impossible to solve.
Their only guaranteed profits/success is in charging you fees. Win or lose, they're still getting paid. Ideally they win more than they lose, or they go out of business eventually. But even if that's the case, at least they still made a bunch of money along the way via their fees!
Trying to play the market like this guy did was iffy to begin with; the robin hood outage is just making it way worse.
if it's python, datetime and dateutils certainly don't have such a problem
However, trust programmers to make stupid mistakes. At some point, the EVE online patcher reformatted people's hard disks.
I mean, if you're putting hundreds of thousands of dollars into options contracts as anything other than a hedging strategy (or are following some sort of strategy with a well-quantified risk profile at the very least), then you're a dumbass. Have seen so many kids on /r/WSB gamble away their student loan money on fucking options.
Last edited:
Even if he wasn't using this broker, even if he could execute his trade, it was still a phenomenally stupid trade which, if he had closed at $26, would have meant him losing 60% which is $550K, in a few days. And he said that one trade was most of his portfolio, which is again a really dumb thing to do. Nobody is celebrating regular folks being unable to access their accounts. Sucks for them. This clown was going to lose a fortune no matter what broker.
RH added fractional shares, but there's a waiting list for it IIRC.
LMAO
No fucking way
I refuse to believe this...
Edit: Was right. The whole thing is just borked.
Last edited:
And it looked like he was trading on a margins account, so it wasn't even his money.
OP
OP
That "leap year bug" image has HTTP response with status 503.
httpstatuses.com
HTTP status 503 means "Service Unavailable". I don't think it's a leap year issue, that error message just tells that the service it tries to contact is down.
You don't have downtimes like this unless there is a serious hardware breakdown or data corruption/some other data issue. Restarting a server does not take a full day. Reverting to old service version does not take a day. So I'm guessing this is one of four possibilities:
What Is a 503 Status Code?
Don't know what a 503 status code means? View our HTTP Status Code glossary to review the details of this service unavailable code!
httpstatuses.com
HTTP status 503 means "Service Unavailable". I don't think it's a leap year issue, that error message just tells that the service it tries to contact is down.
You don't have downtimes like this unless there is a serious hardware breakdown or data corruption/some other data issue. Restarting a server does not take a full day. Reverting to old service version does not take a day. So I'm guessing this is one of four possibilities:
- Due to high market volatility, outage caused a massive backlog of orders/other market activity that needs to be executed. And they are having trouble doing so.
- There was a serious security breach and they had to shut everything down to prevent further damage.
- There was a critical piece of hardware that failed.
- Data corruption happened, and they need to restore data from backups. This can take a very long time.
I'm pretty sure people were just going with the leap year thing because information for the 3rd was being requested on the 2nd. Because yeah, the API is pretty clearly down from that screenshot, rather than incorrect data bugging out the API.That "leap year bug" image has HTTP response with status 503.
What Is a 503 Status Code?
Don't know what a 503 status code means? View our HTTP Status Code glossary to review the details of this service unavailable code!
HTTP status 503 means "Service Unavailable". I don't think it's a leap year issue, that error message just tells that the service it tries to contact is down.
You don't have downtimes like this unless there is a serious hardware breakdown or data corruption/some other data issue. Restarting a server does not take a full day. Reverting to old service version does not take a day. So I'm guessing this is one of four possibilities:
- Due to high market volatility, outage caused a massive backlog of orders/other market activity that needs to be executed. And they are having trouble doing so.
- There was a serious security breach and they had to shut everything down to prevent further damage.
- There was a critical piece of hardware that failed.
- Data corruption happened, and they need to restore data from backups. This can take a very long time.
I'd guess that's probably just what it does during after hours and people are jumping to conclusions.
Consider how busy they probably were before it went down, my highly technical guess would be that something on the server shit the bed.
I'm surprised people use Robinhood for serious money. I thought it was just a budget broker that had a way to help you buy shares when you didnt have a lot of money. There are better brokerages out there that would have resources to at least make trades over the phone if you had an account and if you're trading with that kind of money, you should have looked into making sure you have fail safes with them.
it's the irony of a person using an app named after someone who steals from the rich and being surprised :p
