Plug your email into haveibeenpwned and see if it comes up with anything. It’ll check a whole bunch of dumps and leaks for your email and see if it has been involved in any sort of data breach
Invite Friends, Get Free Stock
Taxes
The cash value of the free stock at the time you received it may be reported as “Other Income” on a 1099-Misc form. Any gains or losses on the sale of the stock are reported as capital gains or losses.
You can check the cost basis of each stock you get on your History page.
EXAMPLE
You win a $10 stock and later sell it for $15 dollars:
Almost as if they're trying to help you keep your account secure. Those assholes!
> Don't think you're safe disabling 2FA
You aren't safe.
You are inherently less secure by disabling 2FA. What you aimed to do would make your account a target if it were possible! What you're trying to do is exactly how people were losing their accounts a year ago!
Now, a fucking moron who doesn't have/want a cell phone would use app based 2FA. You know, the thing Robinhood even suggests you do here over both SMS-based 2FA and the "let's help this idiot" fallback you're having a fit over. They even tell you how to set it up.
Welcome to 2021.
A message from RH
~~This past year, we’ve seen the financial markets become a voice for the voiceless. We’ve seen a new generation of people come into the markets, sparking conversations about what it means to be an investor. Our customers have shown the world that investing is for everyone—not just institutional investors and hedge funds.~~
~~Amid this week’s extraordinary circumstances in the market, we made a tough decision today to temporarily limit buying for certain securities. As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.~~
~~Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.~~
~~To be clear, this was a risk-management decision, and was not made on the direction of the market makers we route to.~~
~~We stand in support of our customers and the freedom of retail investors to shape their own financial future. Democratizing finance has been our guiding star since our earliest days. We will continue to build products that give more people—not fewer—access to our financial system. We’ll keep monitoring market conditions as we look to restore full trading for these securities. We will update this Help Center article with the latest changes.~~
~~We are deeply grateful to our customers~~
Jk fuck you we suck corporate ass
https://robinhood.com/us/en/support/articles/how-to-identify-&-report-scams/
But Robinhood can't do shit about 'taking them down.' People need to be proactive about securing their entire online life. People have been having their Robinhood accounts stolen since last summer by having their email account compromised (from there, password is reset, assets sold off, etc.)
Not true, they hash your password so it's neither transmitted, or stored, in any form that would be usable to anyone:
From the site:
The Pwned Passwords feature searches previous data breaches for the presence of a user-provided password. The password is hashed client-side with the SHA-1 algorithm then only the first 5 characters of the hash are sent to HIBP per the Cloudflare k-anonymity implementation. HIBP never receives the original password nor enough information to discover what the original password was.
1.25 million, there are up to 5 accounts your money can be swept into https://robinhood.com/us/en/support/articles/360034673051/insurance/
>Why am I such a bad investor?
You aren't investing you are gambling.
>For example I saw a guy on here the other day who's insanely good at trading and had like almost $300k in his account with like 15% gain in a month. How do people get that good?
We have long term data that shows MOST people stop trading or lose money in the long term. There are always people that are very lucky and there are some that are good at guessing.
It should also be pointed out, you are only focusing on the one person that made money not the many on here that are actively losing money. It also needs to be said we have been in a pretty good market, where days when markets are down roughly 1% are treating it like a massive correction.
> Can anyone recommend to me a good place to learn this stuff? I've done the basics on Investopedia and read "The Intelligent Investor", but that's it
Where in the The Intelligent Investor did Graham say purchase a stock like Cara?
Correct. You can always withdraw your contributions tax and penalty free.
If you're under 59.5, you pay taxes and fees on earnings that you withdraw.
The caveat being, if you withdraw, you can still only deposit the $5500 that year. So it's advantageous from a growth standpoint to not withdraw.
Don't let haters hate, I started with The Intelligent Investor and recommend it to everybody starting. Here's a tip, don't start till you finish reading it, then don't buy until you research. You need to view owning stocks as owning a piece of a company not just placing bets and hoping to get lucky. A main point of that book is that even small investors have a lot to gain from smart investing.
Buy into business you want to own. $200 isn't a lot and you are sort of limited by what type of companies you can buy. Be careful with penny stocks, I think start out small with something in the 40-50$ range where you can get a taste for making 2-4% in a month and don't expect your $200 to turn into 400 overnight.
take what gains you can, and reinvest.
Preferred shares distributed as part of the merger between $MMAT and $TRCH.
https://irdirect.net/prviewer/release_only/id/4764406
Edit: btw, firms list these corp actions for their users. https://robinhood.com/us/en/support/articles/corporate-actions-tracker/ reads...
> Torchlight Energy Resources, Inc. (TRCH) performed a spinoff of MMAT-A . For every 1 share of TRCH held on record date 6/24/2021, shareholders will receive 1 share of MMAT-A.
as of closing today, 51 (FIFTY ONE) stocks are now sitting on the restricted list. these are capped at 1-5 shares per stock (most of them being 1). fractional shares on all 51 stocks are discontinued until further notice. if you haven't considered transferring to a different platform, i'd highly suggest you start that process now.
source: https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/?region=US
Robinhood sources real-time data directly from Nasdaq through a partnership. Google may source intra-day data from ICE Data Services (whatever that means).
What likely occurred on $AMZN is explained by Google here, in the * note.
“Real-time price data represents trades which execute on the NASDAQ and NYSE exchanges. Volume information, as well as price data for trades that don’t execute on those exchanges, are consolidated and delayed by 15 minutes.”
Switch to the candlestick view (and never go back), you can see the specific trades and volume that occurred in that 10 minute period, which caused the drop. You can see 901 shares were filled at 1862.87, then zero volume and right back to 1902.88.
It’s rare of course, but I’ve had some unbelievably cheap orders filled by setting a low limit price during AH. Since RH AH is so short, the volume is typically still pretty high during that half hour, so it’s even more rare than other brokerages to catch a steal like that.
Robinhood has your SS# and other private info... If you can't login they have to be able to prove your identity that way. Email them:
This info, and a good bit more, is included in the Help Center. You might find it helpful to read through it!
https://robinhood.com/support/articles/360001214723/expiration-exercise-and-assignment/
Also, “at risk” and “high risk” are different things. I would assume “at risk” here describes risk of exercise or assignment.
If you have a minute, go and rate Robinhood 1 star for clear market manipulation and shady business practices. Among the other things they do like sell your order flow to MM's.
As you guys are probably aware, Robinhood is now disallowing the purchase of stocks like GME, AMC, BB, BBBY, NOK, NAKD among others. They have caved in to the institutions and are trying to fuck their users over. Fuck them.
Report them, take screenshots, rate them 1 star. But most importantly, start making the transition to a real broker and don't fucking sell.
Mostly the business classes that I took in college. Books and/or the internet can teach you just as easily for a tiny fraction of the cost. I've personally found the following books to be the most useful:
> We can still trade through right
No, only sells
"If you day trade while marked as a pattern day trader, and ended the previous trading day below the $25,000 equity requirement, you will be issued a day trade violation and be restricted from purchasing"
Transfer your stocks:
https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
> To begin the process, you'll need to contact your other brokerage and have them initiate the transfer. They’ll submit the transfer instructions to our clearing partner to transfer over your assets and funds.
> Please make sure you initiate an ACATS (Automated Customer Account Transfer Service) transfer. Please don’t request stock delivery using any method other than ACATS, including DTC and transfer agent transfers.
>You might need to give the other brokerage your Robinhood Securities (RHS) account number. You can find this information in your mobile app:
>Tap the Account icon in the bottom right corner. >Tap Investing. >Your account number will be at the top of your screen. >You may need to reference a DTC number for your transfer. Robinhood’s DTC number is 6769.
Doesn’t say anything about needing a password and you should be able to see your account number.
I don't see the option for an email it just keeps trying to direct me to an online chat with an agent. However I did find this information on a separate website called pissed consumer. (Yeah that's the name.)
https://robinhood.pissedconsumer.com/customer-service.html
on the second link it will ask you to continue through the app or without the app. So you can select without the app.
> # Can I make deposits with my Robinhood debit card? > > We do not currently support cash or check deposits
I literally just put 'ATM' in the support site's search engine. It's the 4th question on the page. https://robinhood.com/us/en/support/articles/robinhood-debit-card
Great move. Takes a lot of people a long time to learn this lesson. There's a great book called "What I learned Losing a Million Dollars" that I think is worth anyones time. The author spends a lot of time discussing the importance of developing a strategy, sticking to it, creating stop losses, and not internalizing losses. It's not some hacky how to get rich quick book. It's a quick and clever read that I walked away from with a better way to frame my total strategy for trading.
https://robinhood.com/us/en/support/articles/robinhood-gold-cash-management
> You can get even more out of Robinhood Gold with Cash Management. If you’ve enabled “Margin Investing,” you can turn on Margin Spending to use margin for day-to-day spending and withdrawals. > > Here’s an example of how you can utilize Robinhood Gold and Cash Management together: > > - Have $5,000 of swept cash in your account. > > - Buy $5,000 of (marginable) ABC stock. > > - Spend $1,000 on a new TV. > > Now you’re borrowing $1,000 on margin with your Robinhood Gold account.
Then why the fuck did you bother replying?
Op, see http://www.investopedia.com/terms/w/warrant.asp and https://www.fool.com/investing/general/2014/09/11/how-bank-of-america-corps-stock-warrants-work.aspx
You're reserving the right to buy something else in the future. ...but you cannot exercise warrants with RH. ...and they expire. You'll need to keep your wits and stay informed with SEC filings.
All in all, you can day trade them but if I'm explaining this to you, you're better off leaving them alone.
I jumped in head first and quickly went negative with meme stocks. I adapted and took a more foundational approach:
Read "The Intelligent Investor" by Graham. I found the PDF version online and loved every page.
Read through the sticky threads and the Top All-Time threads on r/Robinhood & r/Investing. Great launching pads.
Watched YouTubers like ClayTrader &Financial Education. I don't necessarily watch for the tips but instead to immerse into the market culture. I don't have any friends/mentors that enjoy talking stocks, so YouTubers are my alternatives to gain familiarity.
Journaling lessons learned. Every time I come across a term I don't recognize, I google it and write it down. Same with mistakes and successes in the market.
I stayed small in early investment in order to reduce loss while learning fundamentals.
I have no major success stories to follow any of that. Just stopped losing money on meme stocks and started slow growth with longer investment.
that's such a broad question it's almost impossible to answer. i'll try:
stepping back a little, i would suggest reading some books on investing. if you only read one, make it The Intelligent Investor. the more you learn about investing and the stock market, the more you'll realize how little you know. the vast majority of people would be better off just buying an S&P500 index fund because they will not be able to beat it's returns investing on their own.
to answer your direct question, you can use a stock screener to find stocks that meet your criteria. you can also use sites like seekingalpha or stocktwits to get ideas (there are some subreddits that are useful too like /r/stocks and /r/investing). google finance, yahoo finance and finviz are also good for researching individual stocks.
for a bit of context: i add a new stock to my portfolio maybe once every three months. and i'm immersed in this stuff daily. that's how rarely i think i have an idea that will beat the market (better than S&P500 returns). if you're having multiple ideas in a one month period and trading on them, you are almost certainly playing it too fast and loose. actual good ideas are rare.
AUPH - Jan 2017 is the estimated phase 2 study end date.. FDA fast-track tagged the drug... Agreed for 1 study (instead of usual 2 studies) for phase 3.. That brings filing NDA to mid 2018
Exciting stuff.. Any thoughts on the effect this should have on the stock?
Not an investment guru here. That being said...
ELI5: they're offering you an opportunity to swap your shares at a discount. Whether it's a good opportunity or not is up to debate.
More info, and in text easier to digest: http://seekingalpha.com/article/4003712-procter-and-gamble-get-ready-coty-exchange
While it's not ELI5, definitely easier to digest (from above link): "This deal involves a rather complicated transaction, a Reverse Morris Trust, but was done this way to avoid tax implications. Basically, P&G is shifting its beauty brands ("P&G Specialty Beauty Brands") over to the newly created subsidiary, Galleria Co., which in turn will be merged into and become a subsidiary of Coty.
For P&G shareholders, this transaction will allow them to exchange their P&G shares for shares of Galleria at a ratio of around $1.00 for $1.075, a 7% discount. These Galleria shares will then convert into shares of Coty class A common stock (more on that later in the article). The offer expires at midnight on September 29, 2016.
Keep in mind that Galleria shares will be priced based on Coty's share price and with the 7% discount. "
/u/esushi is misinformed.
Congrats on thinking like an accountant. It is not tax evasion. It is tax avoidance (which is legal). Some brokers will let you do it but not Robinhood.
Here's a link to more info on the advantages and disadvantages of both methods. Btw, businesses use a similar method of inventory valuation (both simultaneously) to reduce taxable income.
https://www.fool.com/knowledge-center/how-to-sell-stock-with-fifo-or-lifo.aspx
Despite my joke above about grandma’s gnocchi, I’ve been to Italy a few times this year and haven’t had an issue with trading stocks or crypto. If you do feel you might have a problem in a country you’re traveling to, NordVPN was having a pretty good deal recently, which might help you circumvent some of the problems you could run into traveling abroad to a country with weird regulations on stock or crypto trading.
As a side note, I also haven’t run into any issues in any part of Canada, anywhere in Europe, anywhere in the UK nor anywhere in South or Central America.
Larger holders - don't forget you can transfer all assets and close out your Robinhood account. Log into another broker and initiate the transfer from there.
Full details: https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
> So am I just simply investing into the value?
Correct, you can't transfer crypto in or out of Robinhood. If you're into crypto, Coinbase is better. (And Coinbase Pro is better than Coinbase, lower fees). I'd suggest transferring and crypto you plan to hold long term into your own wallet. There's a saying in the crypto space; "Not your keys, not your crypto".
>It seems pretty legit,
Yes, it does seem legit. It was designed to seem legit.
"Seem" is not a strong word. You can verify with more confidence.
​
>where would that inbox be though?
robinhood.com , check the "Account" and "Messages" links in the top right. I imagine that if they sent you an official personal email, then they most likely sent you a message in the Robinhood app as well.
🐻 I think there's a decent chance the whole market will be in for a little surprise in the coming months 🐻
I got longer term puts for the first time in a long time. :-)
longer term Puts:
$L $HUM $ADR $LMAT $WFC $CVX $O among others
My thanks to all the commenters commenting here, I love reading y'all's perspective
https://robinhood.com/us/en/support/articles/expiration-exercise-and-assignment/
It is stated here under Expiration -> What happens?
Yes.
Though there are some caveats.
If you take a distribution of Roth IRA earnings before you reach age 59½ and before the account is five years old, the earnings may be subject to taxes and penalties. You may be able to avoid penalties (but not taxes) in the following situations:
If you’re under age 59½ and your Roth IRA has been open five years or more,1 your earnings will not be subject to taxes if you meet one of the following conditions:
Literally taken word for word from one of the first links on Google.
NAK.
https://seekingalpha.com/article/4079494-northern-dynasty-naketship-flying-buying-zone
https://www.docdroid.net/zyTqPkf/northern-dynasty-minerals-limited-cantor-fitzgerald.pdf.html
All is poised for a big spike with the likely news of partnership or even a buyout in the coming months. The price right now is at a low value of $1.74 but could easily fly upwards to $3-5 in the coming months. It's also been rising the past week after a month of bleeding (after good news, due to lots of shorting and market manipulation).
When partnership is announced, you can surely bet the price is going to skyrocket. It may come down after the spike, but if you go long on this stock you're very likely to turn a hefty profit.
So, you've got potential to make some decent gains in the short term (weeks to months) and a very good chance of making gains in the longer term.
I had exactly the same problem, I got so scared, I instantly bought a VPN. I decided to go with NordVPN because of the extra security and kill switch. Man, being in this kind of situation made me super paranoid. Also, change the passwords. The first thing I've done.
Other than A Walk Down Wall Street, I like Irrational Exuberance by Robert Shiller. It's very topical given the current bitcoin mania.
These are the books one of my professors recommends:
I also started investing in the last month and by only investing $50-$100 I have been able to see how the market fluctuates and what assumption that I had were right and which ones were wrong. I also started to read "The Intelligent Investor" which I have heard good and bad things about, but I like it so far. Anyway I believe investing to be an art in which you have to have practice and also be aware that even though many people are more efficient when it comes to investing, the risks are there nonetheless and the person who knows how to invest are only minimizing the risks but they are definitely open to failing as well. Lastly and more importantly you HAVE TO read about it and study the companies you're investing in because that's what's gonna help you the most when it comes to making good decision regarding your investments.
Hope you get to learn things fast! Take care!
> around 1-2PM Robinhood auto-closed my contract without my permission
Oh they had it, because it's right there in their rules that you agreed to
> If one leg is at risk of being in the money or in the money, we'll close the spread or match the option with another form of collateral (like cash or stocks) and let you exercise it.
> To determine if an options position is “at risk of being in the money,” Robinhood will calculate an upper and lower bound of a spread being closed at expiration. If your option’s strike price falls within these parameters, it’s considered “at risk of being in the money”’ and we’ll place an order to close your position.
> How we calculate the upper bound:
> Today's High + (1.5% x Maintenance Requirement x Today's High)
> How we calculate the lower bound:
> Today's Low - (1.5% x Maintenance Requirement x Today's Low)
The reason: https://robinhood.com/us/en/support/articles/360032630371/market-order
> Keep in mind, you aren’t guaranteed a price with a market order. Robinhood collars market orders by 5% to help cushion against any significant upward price movements.
The solution: Use limit orders! You told the world you were willing to pay up to $19.68/share. Don't tell people that. They'll take you seriously.
I think UA is going to be ok longer term, but I'm waiting a bit to get in - I think it's going to get a little worse before it gets better, if only because of the panic around it right now.
No shame in reading Tony Robbins. He doesn't write ground breaking material, but it is stuff that your average person can understand. I recommend his books as introductory material, as a way to get acclimated to financial terminology.
Once you get your feet wet, the obvious must-read book is The Intelligent Investor by Benjamin Graham. It's basically the Bible of value investing. Buffet credits the book with teaching him the foundations of how to invest. A Random Walk Down Wall Street by Burton Malkiel is also quite good.
However, my strongest piece of advise for those of us younglings (I'm 24 myself), is just to invest in blue chip companies (ideally ones that pay decent dividends) and index ETFs. While it is exciting to day trade high vol stocks and hope to get rich quick, the reality is most people will not. Rather, we have time on our side as young people, just play it safe and retire wealthy. Time in the market is more important than timing the market.
Welcome.
Take the time to read everything in the Robinhood Help Center. If you need clarification on certain things search Investopedia and Google.
I recommend 'The Intelligent Investor' By Benjamin Graham
That's not accurate at all. In fact, it's flat out wrong.
https://www.fool.com/investing/2018/05/09/why-transenterix-is-soaring-today.aspx
In the last quarter alone they've sold 3 robots, including 1 in the US (and more soon to follow). So far they've sold 5 since the start of 2018.
Yes.
https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
I have no recommendations for another brokerage and it may be inappropriate to discuss on this subreddit.
Here's a list on their site of the securities they do and don't support. https://robinhood.com/us/en/support/articles/investments-you-can-make-on-robinhood/
The following link gives you a list of companies that will not be supported after 01/11/2021. Scroll down to the "Which symbols will be affected" section and click the type of security you want.
https://robinhood.com/us/en/support/articles/changes-securities-robinhood-2021/
But he's not wrong. Some of us aren't getting the updates. Robinhood rolls them out incrementally. The fucked up part is that newer members got the updates whereas I still haven't.
Worse than that. If you get marked as a day trader, Robinhood won't let you make another day trade for 90 days
https://robinhood.com/us/en/support/articles/pattern-day-trading/
You do not need the money to buy the shares, if you do not have the required capital, robinhood will attempt to sell your option for you. https://robinhood.com/us/en/support/articles/360001214723/expiration-exercise-and-assignment/
They are likely merged:
>If you only see one micro deposit in your bank account, your bank is merging the two deposits together. Contact your bank or credit union to get the original amounts in chronological order.
https://robinhood.com/support/articles/360001213823/link-your-bank-account/
> I don’t even have a margin account and have never signed up for one.
You said elsewhere that you have instant deposits. That means you have a margin account. https://robinhood.com/support/articles/360001226226/robinhood-accounts/
I just mailed support as I am having this exact issue. They responded with the following:
> Thanks for reaching out! We identified the bug responsible for this issue and apologize for the inconvenience.
> We will be releasing a hot-fix to the app store on Friday, and you can download the latest version of our beta in the meantime.
> You can download the latest beta version of our app here: https://robinhood.com/download/ios_beta/
> Note: If you have iOS 9 or greater, until you mark Robinhood as a trusted developer, the beta app will not be available for use. After installing the beta app, you may visit Settings → General → Profiles → Robinhood Markets Inc, and tap "Trust" if you wish to do so.
Hope that helps someone!
edit: Downloaded the beta app and was able to upload pictures of my ID now, so looks like it works.
I would heavily disagree on $TSLA. That is a stock that is a hype train, reminiscent of the dot com bubble of the 90's. It will crash and crash hard.
These Are the 3 Most Ludicrously Overvalued Stocks on the Market
Found this yesterday - https://www.fool.com/investing/2017/03/18/3-stocks-with-nvidia-like-return-potential.aspx
Companies are - KTOS CAMP TDOC
Has anyone else been looking into these 3?
I am looking to close out quite a few positions today and all 3 look like good growth stocks.
Credible in what way? Journalistic integrity, most likely. But if you’re using just website articles, or other people’s opinion, to pick your stocks then in my opinion you’re missing a few steps.
Edit Add: What I end up doing is sourcing as much info as I can from websites. Then running calculations to see if the stocks fit my criteria. If you haven’t read it yet, look up “The Intelligent Investor Revised Edition, By: Benjamin Graham”
That’s for long term investing. Haven’t had any time for short term speculating recently outside of crypto.
You see that a company is doing well but takes a dip after earnings reports? Buy that dip and hold it because it'll come back up soon.
Books: Rich Dad Poor Dad (college first...then reread it just recently) also A Random Walk Down Wall Street
Yeah this is the right strategy while you learn. You could even research a specific sector you're interested in, for example the financial sector, and instead of having to then choosing which specific stocks to buy, you can buy something like XLF (Financials ETF) which will help you diversify with the small amount you're starting with. Vanguard has plenty of ETF's, some focused on small cap, others dividends, and they're all pretty good some are more aggressive/high risk, while others are safer/low risk.
I'd suggest reading Investopedia articles that outline the basics of the market and how it works, then I would look into what ETF's or or index funds you like. Once you choose, I would read a book called The Intelligent Investor, its on Amazon for like $11. Really great book and it's going to teach you most of what you need to know to invest well, and imo is the best bang for your buck as far as learning about investing.
I 100% recommend listening to the Rule Breaking Investing Podcast: https://www.fool.com/podcasts/rule-breaker-investing/
While many Motley Fool "articles" are mostly sales pitches, this podcast is great and David Gardner's track record speaks for itself. Awesome stock picks. I just started listening a few days ago.
Let's assume that you started investing $200 per month every month, to keep commissions to 2%. Say it was into a dividend growth portfolio that yielded 3% and grew dividends 10% per year. Over time that should generate about 3% + 10% = 13% CAGR, much better than the market's historical 9.1% CAGR since 1871. So after commissions you are earning 11% returns on your $200 per month investment. By age 70, which I assume will be the new retirement age for our generation, how much would you have, assuming you can never afford to invest more than that $200 per month? $3,244,078.15 Now that is a nice sized portfolio, generating $97,322.34 a year in dividends. Talk about a sweet pension! BUT what if instead of 2% commissions you had had no cost trading via Robinhood? Then you'd have earned 13% CAGR returns and by 70 you'd have a portfolio worth: $6,495,917.32 DOUBLE THE AMOUNT! Now this 3% yielding dividend portfolio is paying you $194,859.52! Even after taxes, which would come to 20%, you could afford to comfortably live on just half of that dividend income, and reinvest the other half. Thus, not only would investing JUST $200 a month into a quality DGI portfolio make you crazy rich, BUT it would let you retire in complete financial security, AND never have to sell a single share. Best of all, the dividend income, because you're reinvesting half the after tax dividends, would grow exponentially every single year. You could keep increasing your lifestyle, and no matter how long you lived, never risk running out of money!
http://seekingalpha.com/author/dividend-sensei/articles#regular_articles
I write for Seeking Alpha, all dividend growth stocks all the time. Feel free to come over and learn how to get crazy, stupid rich;)
One of the best and straightforward explanation I found in this SA article (I learned a ton about stock market from Seeking^Alpha website):
"...To put it bluntly, if the Model 3 is not an absolutely stellar success, Tesla is toast. TSLA shares trade almost exclusively on Model 3 prospects. No one cares about the Model S, the Model X, net income, expenses, cash burn, debt, equity offerings, or anything else. None of those aspects of Tesla's business showed any positive signs in 2016, yet the stock has not cratered. Speculation is the key, and as long as the big picture in Elon Musk's head stays intact and on track, TSLA will continue to float on thin air..."
http://seekingalpha.com/article/3995380-tesla-silences-alarm-bells-now
Transfer Stocks Out Of Your Robinhood Account | Robinhood
I am not sure how it works with Webull though. Trying to figure that out, but this is a start.
I had an issue where I couldn’t get into the email I registered with (signed up a bit ago with my college email address, stupid - I know) and had to confirm my identity.
If you're a newbie, I'd recommend staying out of penny stocks until you get the hang of things.
$NADL has had that one crazy day with the contract, but the parent company Seadrill is swimming in debt and if today was a sign, I don't expect to see much green come its way.
$RNN has had a few red days now, and it might continue that way after the insane run-up its had the month preceding. Also, biostock penny stocks usually fail much more often than they succeed.
From the Robinhood support article here:
>If for any reason we can't sell your contract, and you don’t have the necessary buying power or shares to exercise it, we'll submit a Do Not Exercise request, and your contract will expire worthless.
Robinhood is a brokerage. Not an investment advisor.
If you want someone to keep an eye out on every corporate action, filter all related news and public filings into a nice, custom package delivered to you, you'll need to pay someone.
Edit: and someone too dumb for Google having 'high expectations' and a haughty attitude about how to answer their own questions is laughable.
It shows up as a result when you search in the apps now or you can hit this: https://robinhood.com/applink/instrument/?symbol=SNAP and go right to it. They even posted a neat little pre-IPO message there.
I'm sure Vanguard is good, too, but Schwab has the lowest cost index funds. The customer service is great and they have competitive pricing for everything else. Plus a checking account/debit card with no international withdrawal fees. I still use Robinhood for the bulk of my trading outside of my roth
Sorry- see this link. It is a highly regarded book. A Random Walk Down Wall Street
Before you spend any money on stocks I recommend you read / listen to two books.
Rich Dad Poor Dad And The Intelligent Investor revised edition
You can get both on Audible. If you have a monthly sub then use your 1 free book to buy The Intelligent Investor and then buy Rich Dad Poor Dad.
If you start investing before you have read anything, you’ll likely lose a few thousand to start like I did. The realize you need to learn more by reading.
Reading these won’t mean you never have loses. But it’ll get your mindset right for long term investing, instead of short term speculating.
The Intelligent Investor is a great place to start. Don't day trade, swing trade, or speculate unless you are financially and emotionally ready to lose the money. None of those are synonymous with investing.
Do your research and invest in companies you believe in long term and stop looking at the price. That said you have to pay attention to what is happening with the company. If the price drops but nothing else has changed to make you believe the company's outlook has changed don't sell.
Only way I'd consider selling if nothing changed with the company is if the stock skyrocketed to levels beyond reason. Tesla for example is valued slightly higher than Ford or GM with 1% of their sales. IMO that's crazy. They aren't going to reach Ford or GM sales volume anytime soon if ever. Maybe GM as they seem to react to the market vs innovating and that will come back to bite them....again.
What drugs are in their pipeline, what catalysts are in the future, what do their financials look like? Those are the questions you should know before investing in a pharma company. Not trying to discourage you or anything but uninformed investing is a recipe for disaster.
Edit: Wait hold up, this is a technology/data management company not a pharmaceutical company. You reaaaally need to research at least a little (all I did was read the robinhood description) before investing. And asking other people what to do with your investments is a horrible idea. Figure out why you're investing, stick with a strategy, budget risk/reward, and keep up with news. You should be confident enough in your positions that a Reddit user should not be able to convince you to buy/sell with a simple comment. I'd highly recommend switching to paper trading and pick up a copy of The Intelligent Investor. It sounds like you lack knowledge of the fundamentals and understanding of how investing works, and that book does wonders to help. Hopefully this helps
No no no no no.
No. Don't do this. You'll get burned listening to random people on the internet. You should do your own research and decide for yourself what stocks you want to buy. I'll leave you with a ticker that isn't too risky and that I'm bullish on but you need to do your own research and I wouldn't recommend buying anything until you have.
$MU
I'd also recommend picking up The Intelligent Investor, and maybe Warren Buffets Essays off of Amazon which are both good learning tools. Tastytrade's youtube videos and Investopedia.com are also great resources.
So Robinhood is about as basic of an investment platform as it gets. If you're doing any sort of day trading you're going to need to be looking at a real graph with a bid/ask using some other source and just execute the trades on robinhood, but for casual investing it's perfect. For me, I do all my research and chart analysis on another platform and Robinhood is just where I go if I decide to just purchase stock in a company.
People use a paid broker for many reasons besides the ability to short and trade options. Many brokerages have advanced research software, technical statistics, and learning center. For example a few months ago an E Trade representative stayed on the phone with me for a half an hour slowly walking me through options strategies. These brokerages also offer IRA's and other services that make the experience more seamless.
For any questions you have on stocks and investing, read investopedia.com or buy The Intelligent Investor on Amazon. Or both. But the best advice I can give you is to educate yourself, and then start. Doing them the other way around or at the same time is never a good idea.
Good gains without too much risk is a long term gain. Read "A Random Walk Down Wall Street." Study study study. Investing is something that take time and research and energy. It's is an art that take years to master. But expecting good and safe returns doesn't happen when you only plan to hold stocks for 3 months.
If you are investing as opposed to trading: 1. (Optional) Read The Little Book of Common Sense Investing by John Bogle (also referenced by Buffet) 2. Buy a low cost S&P index fund (or similar market cap index fund) 3. Do nothing... forever
I use finviz quite a bit. Nasdaq has a lot of good info however nothing is going to give you an understanding like a companies 10-K or 10-Q. Read those things.
as far as some books you can read: Phil Fisher- Common stocks and Uncommon Profits (this will teach you to do some research) Benjamin Graham- The Intelligent Investor (this will teach you how to fundamentally invest)
You can see Option chains in MarketWatch for free. Keep in mind that options are usually traded in lots (most often 100) so if you see a volume of 50 that means that there were 50 options (500 underlying securities) traded in a particular day for that strike price and strike date. Furthermore, the open interest is also important because it shows open options at that particular strike price and strike date which can give you a lot more insight into demand for the option
Overall Investopedia is your biggest friend when it comes to options
https://www.fool.com/investing/2018/03/19/how-does-robinhood-make-money.aspx
With number 3 I wonder if nearing 10cents is just their point of this does nothing for us. Not that 12 does but you have to draw a line.
You are talking about scalping on an over-reaction. It can work, but often times it is really risky, especially after a company misses their earnings. Warren Buffet does not invest like that. He is a value investor. Warren Buffet looks for stocks that are undervalued based off of their financials and fundamentals. NFLX is so overvalued right now it is insane.
What you are talking about is scalping, and over a longer term, swing trading. Warren buffet does neither. He is not worried about dips because he buys a stock for $10 when the financials say in 10 years it will be worth $100.
Edit: Downvote me if you want, I honestly don't care. Here is an article for you to read as well. https://www.fool.com/investing/2018/01/30/why-netflix-wouldnt-be-a-warren-buffett-stock.aspx
The offering's at 6.75 so it shouldn't fall below that.
Edit: No, it actually is 6.75. Look. It's priced in.
You can transfer your holdings to a new brokerage. I started the process last night. It takes a 5-7 business days, so I think about the same amount of time but you get to keep your stocks. Honestly, I don't know how much better it is than just selling and transferring funds, but its another option for those out there looking to divest.
​
https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
Bought $SEDG as well, fantastic growth, great earnings, just beat expectations comprehensively http://seekingalpha.com/news/3181272-solaredge-technologies-beats-0_10-beats-revenue. Today it's down in sympathy with $SCTY
How about a podcast, when it comes to learning about investing it's hard to beat Phil Ferguson.
https://player.fm/series/the-phil-ferguson-show-1453225
If you don't have a Roth, and you are eligible, then I recommend using Vanguard. If you have any 401k with a previous employer, then roll it over into a rollover IRA in your Vanguard account. If you can, max out your Roth every year. If you are younger than 50, a max Roth contribution is only $458 a month or $5500 a year. Put the Roth and Rollover IRA in an Index fund.
​
After that, if you still have a few bucks every month, buy some dividend stocks with RobinHood. You can use RobinHood to buy ETF's like VOO and VYM, but why? Just buy stock in the same companies that the index tracks. Plus, if I create my own list, I can stay away from companies like Verizon and Boeing. I don't think Verizon and Boeing are a sound Long-Term investment.
​
There are 5 sectors you want to build your portfolio around. The 5 sectors are Energy, Food, Retail, Health, and Tech. The other 2 sectors you might look into is Real Estate and Entertainment. As you can see, I left out Travel and Communication. I don't like Travel for long-term, and Communication should be under Tech now.
Here is a decent list to start your research, most of them come from the VYM index:
Microsoft
Cisco Systems
Walmart
Costco
Coca-Coca
Pepsi Co
Restraunt brands
Mcdonald's
Johnson and Johnson
Procter & Gamble
Merch & Co
Abbvie
CVS
​
​
Start a transfer request with your new brokerage. Don’t devalue these stocks by selling- that’s what they wanted by doing this. Here’s how Robinhood says to do the transfer: https://robinhood.com/support/articles/360001226666/transfer-stocks-out-of-your-robinhood-account/
Looking at other posts it seems like it's just a Robinhood thing to set it to 0.01, usually around market open or during trading halts. Also from this page from RH:
" If no buyers are currently available in the market, the mark price will display as $0.01."
So just RH being RH I guess.
>Plaid. I do not think handing over my bank username and password to them is secure at all.
That's not how Plaid works.
Anyway, just add the bank manually. Scroll down: https://robinhood.com/us/en/support/articles/link-your-bank-account
It is possible that no one wants to buy the contract. Your call will only expire worthless if the stock is below the strike price. If you don't have the cash to exercise the option, Robinhood will attempt to sell the option for you. There are some more specific actions they take depending on what kind of option you have. I encourage you to read their rules here.
I hope that helps!
No it isn’t. That’s one day trade.
https://robinhood.com/us/en/support/articles/pattern-day-trading/
You cannot sell something you bought that day. Including if you buy 2 shares, had 10 the day before making 12 total, and sell 10. Because you opened an identical position you cannot sell that position the same day.
> Multiple buys and sells You start with 0 shares of ABC stock.
>Buy 1 ABC
>Buy 2 ABC
>Buy 7 ABC
>Sell 1 ABC
>Sell 5 ABC
>Sell 4 ABC
>This is one day trade because there is only one change in direction between buys and sells.
Just one. See robinhood explination link.
"Multiple buys and sells
You start with 0 shares of ABC stock.
Buy 1 ABC
Buy 2 ABC
Buy 7 ABC
Sell 1 ABC
Sell 5 ABC
Sell 4 ABC
This is one day trade because there is only one change in direction between buys and sells.
Day Trade: (Buy 1 ABC, Buy 2 ABC, Buy 7 ABC, Sell 1 ABC)"
Unless you can check all these boxes, you won't be able to create an account. If you don't qualify, I can't imagine there's much of a point trying to download it.
Straight from Robinhood support page:
" We won’t use Gold Buying Power as collateral. We must hold cash. "
https://robinhood.com/us/en/support/articles/options-collateral/
You have the option to have 25k in your account or downgrade your account to a cash account if you want to day trade
“A Robinhood Cash account allows you to place commission-free trades during the standard and extended-hours trading sessions. You won’t have access to Instant Deposits or Instant Settlement. You can downgrade to a Cash account from an Instant or Gold account at any time.*”
https://robinhood.com/us/en/support/articles/pattern-day-trading/
Sorry, I can't help you further. My only piece of advice is to check if you already have a closing order sitting that you forgot about.
Also, Did you check this: https://robinhood.com/us/en/support/articles/why-was-my-order-rejected/
If this didn't help, try to get in contact with their customer service.
https://robinhood.com/us/en/support/articles/overview/
This should go over everything. But to clarify, when investing in margin you accumulate a negative balance so let’s say your portfolio of A+B stock = $15000. You portfolio value will be $15000 - margin or $9600. Let’s say you portfolio value goes up by $5000 ($20000-margin or $14600). You sell all of stock A valued at $10600, you will first pay back the debt value on the account of $5600 then the rest will be added to your portfolio value leaving you with $5000 cash available plus stock B.
https://robinhood.com/us/en/support/articles/paying-for-robinhood-gold/
Margin as stated on the site is accumulated on a daily basis so 5.0%/360 or a rate of 0.0139% of daily uses margin per day of anything used over $1000 so in your case it’ll be $0.6389 per day of margin used at $5600 ($4600 on interest). Keep in mind this is daily, not just the days the markets are open so weekends and holidays will accumulate interest.
You should already be doing this but... start with a limit order and you'll see: https://cdn.discordapp.com/attachments/307500722377850880/739659122185732186/Screenshot_20200802-214025.jpg
https://robinhood.com/us/en/support/articles/extendedhours-trading
https://robinhood.com/us/en/support/articles/extendedhours-trading/
After-hours hours trading goes until 6 p.m. Eastern.
>Orders made outside market hours and extended hours trading are queued and fulfilled either at or near the beginning of extended hours trading or at or near market open, according to your instructions.
When limit selling, you'll be given the option to "allow this order to execute during extended hours." Market selling, which I never do, will likely execute immediately supposing there's volume for the stock you're selling. And supposing after hours trading is still in effect.