A Random Walk Down Wall Street by Malkiel, usually makes the "Top 10 Investing Books you Should be Reading Now!" Lists, written from an academic perspective, strongly opposes the idea that you can reliably pick your own stocks, gives great in-depth information on how to invest with a small chapter on how to invest outside of the stock market.
Robinhood doesn’t have any daily limit for trades. They also don’t charge anything to move funds via a standard ACH withdrawal. It looks like there’s a fee for withdrawal to debit card but you don’t have to use that method.
There are some government fees of usually a few cents that you have to pay on sells, but that is true of all US brokers.
The daily trade limit might be the rules around pattern day trading, which are the same for all US brokers.
Disney Pops, Broadcom Drops and the Stock Market Flops as Stimulus Talks Go Nowhere
Broadcom (AVGO) shares fell 2.7% after the chip maker beat expectations on earnings and revenue. The company reported a profit of $6.35 a share against estimates of $6.25. Revenue came in at $6.47 billion, beating against estimates of $6.43 billion.
https://robinhood.com/news/article/2b9fb652-ca13-3aa8-8fc2-1fdcc8914744
What you want is a bracket order, which Robinhood does not support. The closest you could do if you want to be 100% hands off is a trailing stop which would raise your stop as the stock price rises.
I see a [email protected] email address for account compromises on this article. Also go to contact support--I see a category for My Account & Login > My account was compromised.
DO THIS IMMEDIATELY. You want to make sure Robinhood has time to cancel the transfers.
Short answer, yes. That's why I wanted to mention having cash on hand in my earlier post.
Apparently RH requires you to contact them to exercise a contract early, so you'll have to wait until that process is complete.
If you have the buying power, exercising the contract would be immediately profitable (unless there's some drastic fall before RH fulfills).
Without knowing precisely how RH handles options, I can't comment much further. Hope this helps, and it's been enjoyable to see someone take such a huge gain. Congrats!
Basically, but with little recourse for recovery in the event something goes wrong. The fine print makes it very clear it is not covered by SIPC and even the cash in the account isn't really covered either.
Otherwise, since import/export of coins isn't possible currently I'd think of it more like a amusement and a PR play than anything.
Try the release that's in the Play Store now.
It's on 1.0 and actually public.
https://play.google.com/store/apps/details?id=com.robinhood.android
I wonder if the 0.8.1 (and older) versions stopped working when they released it.