What are
/r/RobinHoodPennyStocks'
favorite Products & Services?
From 3.5 billion Reddit comments
The most popular Products mentioned in /r/RobinHoodPennyStocks:
The most popular Services mentioned in /r/RobinHoodPennyStocks:
Robinhood
Schwab
TradingView
Zoom
Stock Titan
wallmine
finbox
Screencast.com
Snipboard
Notion
AccuWeather
G2
Straw Poll
WebMD
SlideShare
The most popular reviews in /r/RobinHoodPennyStocks:
You can just transfer instead of selling. 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/
stop using robinhood for anything related to charts, they are literally useless. and i really think unless they bother to improve them, rh should get rid of them since so many new people don't understand trading and the market.
use yahoo finance instead, or tradingview.com for best charts.
​
https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
Robinhood has limited people to increasing their position by 5 shares in SNDL (assuming you started with zero). If you have more than 5 shares you cannot buy any more.
Look at that list. That's market manipulation right there.
-35% here, for a while, just like you, every stock I bought started to go down the moment I click buy, I am not joking LOL. I am still new and learning about charts and stuff. One thing that helped me a bit, among other things, is using this free website, (tradingView.com). I use their Screener and normally look at their Strong Buys under 5 dollars, and then look for news/information that supports it. This helped me a bit.
Good luck!
Great, let me buy 1 AMC stock, 1 NOK stock. Take a look at the link below. They've limited the number of stocks you can increase your position in (assuming you have none to begin with). The game was rigged from the get go this morning. They were forcing the price of these stocks down.
Thanks for the financial tips man.
https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
https://play.google.com/store/apps/details?id=com.ustocktrade.ustocktrade
Just a heads up, the reason there's no day trade limit is because you're buying and selling peer-to-peer. As in you're trading directly with other people, not buying from or selling to a brokerage. Because of this, sometimes with stocks that are getting a ton of attention, they will have limited liquidity. Which means there aren't a lot of stocks up for grabs to buy. So it could take a while for your buy order to be filled with LL stocks.
I just dealt with a changed phone # and locked account recently.
I just went to https://robinhood.com/contact and went to the following: My Account & Login > Login Help > Update my email or phone number
I basically explained that I no longer had access to my phone. They provided a link to verify it's me via my driver's license. Took about 3 days to hear back initially and about 7 days total to regain access. Unfortunately this was all via email, I'm not sure if there's a phone number to speak with someone.
Take 2! Sorry for goofing up the first time around, turned out people couldn't vote for more than one option in the first go. Original poll results here.
Anyways, I'll do writeups on the top two results.
The catalyst everyone is waiting for is data (phase 3) on their RSV-F vaccine
that's not happening until early 2019, so it's dead money until then.
Oh, and by the way? They had a P3 trial for RSV-F in 2016. It failed.. And not like barely, I mean it totally flopped. I don't see the love here.
The difference is that trial was in elderly patients and this one in 2019 is going to be for pregnant mothers. I'm pessimistic about it.
Of course the bastards charge $75 for it:
https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
Hey man if you downgrade to a robinhood cash account. the day trading pattern restrictions only apply to instant and gold accounts. https://robinhood.com/us/en/support/articles/pattern-day-trading
But with a cash account your money won't be available same day when depositing and when you sell a stock you have to wait for the settlement and I don't know how long that takes here is a link explaining the different accounts /https://robinhood.com/us/en/support/articles/robinhood-accounts/
Assuming you would go to robinhood.com/contact then click investing in first box then options in second then tell them that you would like said stock option exercised.
JDST is the inverse of JNUG and JNUG tracks this ETF here
https://robinhood.com/stocks/62752749-2ba0-46e2-8df3-8058a1ba97ca/chart
If you need to feel better, the further this falls, the more money JDST makes. We need/want it around 28.50 by EOD. I'm not selling till 3:55 EST. Also that inadvertent jump by JNUG happened because of the stimulus passing. Nothing more.
SOS Announces that the First Batch of 5000 Pieces of Crypto Mining Rigs Gone Live Today
Go about it however you'd prefer, but if you email Robinhood and ask them to change your account to a cash account (instead of Instant or Gold), you will not get flagged for day trading any longer.
Day trading only applies to accounts that have access to instant money.
Pattern Day Trading | Robinhood - first bullet point in the Before You Begin
The only difference is that you'll have to wait for your money to settle each time before using it, like if you transfer from your bank to your RH account.
Yes through your new broker. It will be different for each brokerage, but they can all do it. If you need to call customer support unlike Robin Hood real brokerages WILL ANSWER and you can talk to a human in America.
CALL CUSTOMER SUPPORT DONT EMAIL. I can’t stress this enough. Real brokerages have people to answer the phone
Bonus here is robinhood page about ACATS transfers: https://robinhood.com/support/articles/360001226666/transfer-stocks-out-of-your-robinhood-account/
Wrong. It’s not that simple. Stop stating this shit as fact.
https://robinhood.com/us/en/support/articles/why-do-i-have-gold-withheld/
Basically protecting them and you from not being able to recover the money used.
https://robinhood.com/us/en/support/articles/360001227026/pattern-day-trading/
> “Pattern Day Trading restrictions don’t apply to users with Cash accounts, only Instant and Gold users.”
I trade with a balance of less than $1000 (I use RH for day/swing trades and another broker for long term) and haven’t had any issues since downgrading
>I never signed up for a rh instant or rh gold account
By default RH accounts are instant (margin) accounts. You have to message them to request a downgrade to a cash account. More info here.
Also, as /u/LubbockGuy95 mentioned: be careful of free-riding restrictions, as they apply to cash accounts regardless of PDT.
depends on the pattern. There's a good article on robinhood that explains it.
Look at the examples on the bottom:
https://robinhood.com/us/en/support/articles/360001227026/pattern-day-trading/
If you're currently using the default (free) account, you should be able to message Robinhood and ask them to "downgrade" your account to a cash account. I don't know how long that process takes, but to my knowledge there's no automated way to switch.
Also: if your account has already been flagged as PDT, you might have to ask Robinhood to remove the restriction after changing the account type. That should be handled automatically, but I'm not sure if it actually is.
More information: [downgrading] and [pattern day trading]
You guys notice the Google store that the Kartoon Channel says Future Today Inc when trying to download it?
I assume robinhood (because of the crypto talk)
As someone in the same boat till July... a good to know, unless I am wrong, is that even if you are above 25k and day trading your rocks off and at any point you drop below 25k at eod, you could get suspended for the entire 90 days...
“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 (stocks or options with Robinhood Financial and cryptocurrency with Robinhood Crypto) for 90 days. This restriction will be removed if you close the trading day above the $25,000 equity requirement. However, frequent and/or repeated day trade violations may cause your account to remain position closing only, even if your portfolio value is over $25,000.”
https://robinhood.com/us/en/support/articles/pattern-day-trading/
Not sure what you're looking at but thats not it. Heres a direct link but it's kind of late now. At least for a fast turnaround. May still be one to watch though.
You CAN day trade to your hearts content using robinhood. Here's how. Cancel robinhood Gold, cancel options trading, then wait until all pending transactions are cleared. email robinhood and ask for a cash only account with no margin. Once this is done you can avoid the PDT rule by strictly trading with cash. But, no more options trades, no more instant deposits, and no more margin trades. https://robinhood.com/us/en/support/articles/pattern-day-trading/
Ok, this is the list from Robinhood. Sorry I couldn't make it out on my phone but here is the link to the list.
Lol good luck with JAGX - https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/?fbclid=IwAR2W5Ovyf8BXZvOIyiT_W31VWhMga3i6C3SEPU80DIh3zrD-WW184ncrzYQ
It’s on here as restricted. Most likely price dip till it comes off
You can recognize your losses from wash sales, as they should be added to the cost basis of your subsequent purchase.
https://www.schwab.com/resource-center/insights/content/a-primer-on-wash-sales
I don’t get this article. Short of some tremendously bad timing around the end of the year, which seems almost impossible, this sounds like bad reporting from the brokerage, and the trader just needs help properly calculating his losses and filing. This just doesn’t add up.
Theoretically, if he sold all of his stocks before the end of the year and didn’t repurchase before February, all of his wash sales would... come out in the wash. 🥁
Look into spreads, that is kind of what you are talking about.
Also check out r/options for additional info.
$NAK EARNINGS CALL DATE AND TIME 11TH AUGUST 2020 4.40PM ET
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$NAK EARNINGS CALL DATE AND TIME 11TH AUGUST 2020 4.40PM ET
John Tumazos Very Independent Research Metals ConferenceAugust 10, 2020 - August 12, 2020Holmdel, New Jersey Presentation by Ron Thiessen, President & CEO Tuesday August 11, 2020 4:40 pm eastern AUDIENCE LINK: Register in advance for this webinar: https://zoom.us/webinar/register/WN_2fKTGX2IQ8eYr9-OfRO1hQ From website:- https://www.northerndynastyminerals.com/investors/events/
Perhaps you were marked as a pattern day trader and you need more funds than you have, or have some kind or restriction with trading ordinary securities. There is more info on https://robinhood.com/us/en/support/articles/why-cant-i-place-a-buy-order-on-a-cryptocurrency/
It just brings you to their help article.
PSA for all your RH users:
When you first create your RH account, by default it is a "Instant" account type, which is a margin account.
https://robinhood.com/us/en/support/articles/robinhood-accounts/
But if you'd prefer a cash account instead, you can manually request this change. RH refers to it as "downgrading"
https://robinhood.com/us/en/support/articles/downgrading-from-gold/
Changing your RH account to a cash account instead of margin has its pros and cons. It's up to you to decide what's best, but the primary reason I offer up this knowledge nugget...
Cash accounts are NOT subject to PDT.
They've always charged fees.
https://robinhood.com/us/en/support/articles/trading-fees-on-robinhood/
>The fee is $0.000119 per share (equity sells) and $0.002 per share (options sells). This fee is rounded up to the nearest penny and no greater than $5.95.
Doesn’t mean much, that was a one day pattern, head and shoulder patterns need to be stretched out at least over a month long time frame https://www.schwab.com/resource-center/insights/how-to-use-head-and-shoulders-chart-patterns
Just as an FYI, schwab just post this link on their website that fractional shares is coming soon: https://www.schwab.com/stock-slices ; Fidelity already offers fractional investing as of February 2020
> I think you can only buy and sell same day like once a week.
Only 3 day trades allowed in a 5 day span if you don't have at least $25k in equity.
https://robinhood.com/us/en/support/articles/pattern-day-trading/
So I don't think Robinhood has it on mobile. They do on their desktop app. Here are the instructions from robinhood. Add data in the top left after you expand the chart. Relative strength index is the indicator. 30 is low. 70 is high. Low meaning oversold. High meaning overbought. This helps with entry and exit. Obviously an anomaly like AMD spiking is going to be considered overbought, but it will show you the pull back and the eventual swing back up
As soon as you ‘change direction’ it counts as another trade.
So if you bought 1000, then sold 200, then sold another 200, then sold another 200, then sold another 200 then it’s just one day trade.
But if you sell, then buy in at a dip, then sell again, then you ‘changed direction’ and it becomes two day trades.
https://robinhood.com/us/en/support/articles/pattern-day-trading/
No, a margin account simply has access to margin. A cash account does not. If you don't plan on needing margin you can downgrade your account to a cash account. Keep in mind margin is necessarily limited to buying or selling shares on borrowed money. I think it can also come in to play when settling options contracts. Here is Robinhood's explanation.
https://robinhood.com/us/en/support/articles/360001227566/placing-an-options-trade/
Ok, I'm seeing now that this is a "no buyers available" thing. So there's basically no point in trying at the moment because the contract wouldn't go through?
nevermind found why here: https://robinhood.com/us/en/support/articles/360001214843/why-hasnt-my-order-been-filled/
https://robinhood.com/us/en/support/articles/360001227026/pattern-day-trading/
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Short of it is buying and selling in the same trading day on the same stock.
No problem!
Robinhood has some info too on their page, these two along with the other basic terms here, a good start to learning the ropes: https://robinhood.com/us/en/support/trading/investing-with-stocks-the-basics/
May the tendies be with you!
Just check your account in robinhood and it will show you your day trade status.
There is a long explanation of what is considered a day trade here: https://robinhood.com/us/en/support/articles/360001227026/pattern-day-trading/
They need to update there website then, because their examples are misleading. Here is the example I am talking about linked here
​
Example
Leading Sell
You start with 10 shares of ABC stock.
Sell 10 ABC
Buy 5 ABC
Sell 5 ABC
This is one day trade.
Since your first transaction for ABC was selling ABC that you already owned from a previous day, it doesn’t count toward your day trades.
Day Trade: (Buy 5 ABC, Sell 5 ABC).
​
Why do they say your first transaction of selling a stock you bought from a previous day does not count towards your day trade, but would only be one if you buy and sell after your initial sale of the stock you already owned?
They had a merger with another company. Houston biotech Salarius Pharmaceuticals. Robinhood will eventually post something here in the corporate actions tracker. or they might just credit us the money.
All you had to do was google “sos stock offering” and this link pops up.. how is there no info lmao
https://www.stocktitan.net/news/ADMP/symjepi-products-now-available-in-the-walgreens-prescription-savings-gng5o8osrser.html Hope you held. Flying aftermarket :)
RCG has been very werid as the owner has been really the only one buying shares of it right now . Nobody on the board or anything else. I suspect he is using robin hood. https://wallmine.com/people/61763/murray-stahl
$DIS doesn't seem super cheap now. other than a bump for most of 2019, it's pretty average in terms of 5 year price. You are right that Disney isn't going anywhere. But they aren't a huge dividend payer, their capital appreciation seems small, and with their huge stake in ESPN but sports in question, I'm not sure. Disney+ can't be the only thing making money for them.
Hey man, wanted to follow up with you .. WE ARE ON GOOGLE PODCASTS! https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS81NDA1NTkucnNz
Enjoy, and feel free to "subscribe"!
I've read several books about the mechanics of the market and market manipulation on the side of stock promoters and institutions. One book in particular that's not only entertaining but talks about market manipulation by tutes and pennystock promoters is here https://www.amazon.com/Disclaim-Disclose-Mr-Bradley-Susser/dp/0692750452
Its a perfect read for whats going on today in GME, A<C and many other stocks. Thought I would mention it
If you're familiar with the PDT rule then you realize that with your small account you're not going to be able to trade more than 3 times a week. Which is fine for good profits when you know what penny stocks to look for.
If you're serious about learning the penny stock game and want to learn how to turn a small account of just $100 into $1000 over time, I have just released a dirt cheap Ebook detailing the process in such simplicity that beginners can understand without being bored with the complex details most youtubers outline. Feel free to check out my cheap Ebook if you feel it fits you and if you have any questions feel free to ask me anytime!
I've screwed around with options and yes I have had some of my best profits from them. Most notably where I turned roughly $180 into $1050 in one day but I've also had some of my biggest losers with options as well. They are great if you have the discipline to lock in gains fast but if you get in your head a lot, stay clear of them.
That being said, I've had way more losses with options than I have ever had with penny stocks. Stocks are just way less stressful and more predictable in my opinion not to mention, worse case scenario with a stock is it doesn't go your way so you Warren Buffet it until it comes back to a profit.. can't do that with options.
If you ever do change your mind about Penny Stocks and you want to learn how to reliably make easy money only trading the best penny stock intraday setups, I have just written a simple and dirt cheap Ebook that details the process to turning $100 into $1000 over time. Feel free to check it out if you change your sentiment on penny stocks one day. I'm here for questions if you need me as well.
If you can't understand what's supposed to be a simple PR, that's a bad sign. For the company.
Here's my guess of whats up.
You know how on their app they have a 'Videos' section? Now those videos can include Youtube videos containing a non-lawsuit-worthy amount of popular songs and movies without a lawsuit coming.
Best case scenario, it means they can, what, do auctions to own mp3s and mp4s of certain albums and movies? That app, by the way, has been downloaded over a whopping 1,000 times on the Google Play Store.
If you leave the company you can roll over the funds into an IRA so it doesn't matter. 2% is not that good but it's still free money so do that at the very least.
I would highly recommend checking out this book: https://www.amazon.com/Automatic-Millionaire-Expanded-Updated-Powerful/dp/0451499085