20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Robinhood Markets Inc (NASDAQ:HOOD) is one of the most popular mobile trading apps available today.
Initially launched in 2013, the app has made a significant impact in the financial industry, particularly among young and novice traders. Among its founders is Vladimir (Vlad) Tenev, the current CEO of Robinhood.
Whether you are an aspiring trader, an entrepreneur or just someone looking for inspiration, Tenev has some insightful quotes that can help put things into perspective.
In this article, we will explore three of the best quotes from Tenev and reflect on the times he said those quotes.
- "Great companies are built by people who are not afraid to be different."
Tenev is not shy about embracing new ideas and innovation, as evident from the growth of Robinhood. The CEO believes success is not just about being good at something but about being different.
This quote reflects his belief in the power of new ideas and the importance of not being afraid to innovate.
- "The market operates on a simple principle — buy low, sell high."
This quote from Tenev is a reminder of the fundamental principle of trading. It highlights the importance of understanding the market and not being swayed by emotions.
The quote is particularly significant, considering the number of young traders who are drawn into the market by the excitement and adrenaline rush of trading.
- "Customer trust is built through transparency."
Robinhood has faced criticism in the past over issues such as transparency and reliability. Tenev's quote stresses the importance of being transparent with customers, a quality that he believes can build trust over time.
By being transparent about its practices and taking steps to address customer concerns promptly, Robinhood has been able to build a loyal customer base.
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Tenev's leadership and vision have been instrumental in the growth of Robinhood. From embracing new ideas to being transparent with customers, his quotes offer valuable lessons that can benefit anyone looking to succeed in their endeavors.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Noam Galai/Getty Images for TechCrunch via Flickr Creative Commons
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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