As any good trader knows, it’s much better Big Money Rush to sell when you can than when you have to. Robinhood's entire business is built on selling its customers’ orders to trading titans like Citadel Securities. At Schwab, so-called PFOF or “payment for order flow” only accounts for 3% of revenues. Initially, Tenev and Bhatt used the allure of exclusivity to capture interest.

Swing trading refers to holding a stake in a stock or commodity for several days. Position trading refers to holding a stake in a stock or commodity for several weeks or months. The diagram above shows how the timing of these various activities varies

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