[Robinhood General Thread] -- /rgt/
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Previous Thread: >>1017966
i am thinking to buy few thousand of them. Is there even chance to get it to 1-2 dolars?
That is up to ASTI themselves. On the downside, they have less than 1 mil in cash and are constantly diluting their stocks. They've issued over 100 million so far, and are authorized to issue up to 450 million. They had a shareholder meeting asking shareholders to allow them to issue more shares, and to expand the number of shares they can issue. They only blocked the request to increase the number of shares they can issue in total. So there is a huge risk of dilution.
That said, it's not all bleak. They have two patents now, and a trade show to rock. Last trade show they had they got really good attention from the US Government and that made their shares rocket. So it all hinges on CES, in my opinion.
Sorry you were triggered anon-kun. I'd like to welcome you to GTFO of our containment thread to avoid being triggered further by the extremely offensive freedom were exercising in here. I hope the rest of your day is #blessed :^)
I've been trying ARC Welder for Robinhood and it isn't working. I have the APK for it and I get to the setup screen, but as soon as I hit "test", I get the spinning orange circle followed by nothing.
I don't know how much it matters, but my OS is Windows 8.1 (unfortunately). Any suggestions? I've tried closing and reopening ARC Welder, getting different APK files, getting rid of the Robinhood app (it appears each time I try to test it), and even uninstalling and reinstalling ARC Welder.
I'm watching the sudden surge in SNTA. I've been watching it ebb and flow this week mostly and it seems like it could be up to something interesting come monday. I also think NETE is going to come back but I may have to wait for it. The general market downturn is making people dump their penny stocks is my opinion.
What the fuck is going on here? The low/high gap of the day is waaay big and the potential to make a lot of money each day is crazy. But I have no idea where to even start based on these historical prices. Plus the volume trading is so damn random.
DON'T PANIC YOU'LL CRASH IT
For reals though, everything is going to be okay. Set your lowest stops and forget about it for today.
Conversly, if you're flush, BUY BUY BUY. It's a fire sale y'all.
Geez, I am worried about NFLX, I know nobody shorts here but still, how much more can they expand and in 2.5 billion debt? I like their shows so don't want to see harm come to them, thats a pretty gnarly debt.
>I know nobody shorts here
My CMG profits say otherwise.
So I made my first purchase. 200 shares of PRSN the last day of last year. And had to wait 4 days to sell at a 7 dollar profit. That bodes well i think, but it jumped an extra 1.5 cents over my sell order, whatever.
My ASTI order was only a day long so I need to wait for my money to be available before I can buy into the meme.
I'm trying to buy at 12 cents. Does anyone think ASTI will hit that before CES? Or should I go ahead in the 14-13 range?
A couple questions about RH:
If you successfully purchase shares of stock, is there a cooldown time on immediately selling them back out? (in the chance of a sudden spike or increase, for example)
Secondly, does RH (and stock trades in general) function off of cent amounts or do they trade off of more specific values. For example, if a stock is reading only as trading at 0.1413, and I put in a limit buy for 0.14, will RH immediately attempt to execute a trade at the market value of 0.413, or does it literally have to hit 0.14 or lower?
Thanks /biz/ bros
Short Oil. The US ban on importing oil from Iran expired this year. With these tensions with KSA and Iran flairing up I would not be surprised if they start driving the price down to try to hurt one another
>charge your phone
>invest at least a couple hundred
I'm surprised I only lost this much money today.
>should just be RG
Do you even browse 4chan? Every board has a /xxt/ format on some subject. Check out the /dbt/ on /o/ for example.
To the asshole who said to always sell and cut your losses, if I had sold at any point before the last 15 minutes of the market I'd be fucked. Losses aren't losses until realized.
PSA - READ THIS
DO NOT fuck with FREE anymore. They just got their share holders to approve a reverse stock split if they want. Remember GBSN anyone? Shit's been tanking hard ever since.
tl;dr FREE is no longer a meme to fuck with. Sell all you have, it will tank from here on out.
Jeez, I don't think I have had more than 1 green day guys...
As of right now, I have 2 shares ADM, 750 shares ASTI, and 23 shares UNG. I still have $204 in unsettled funds from when I sold LEI stock. Out of $600 that I started with, I am now at $589.57.
When the $204 opens back up, how should I go about this? I want to add more ASTI stock, but not sure on all eggs one basket approach
Damn, I didn't get in by closing for 0.13 x 200 shares of ASTI (first trade and wanna play small to get a feel)
Think my chances are high to land this rate tomorrow?
This meme has gone too far.
I'm selling mine at whatever bump CES gives us. Company is going to fold.
An anon on here showed off some of their candlestick charts from their phone and listed the app "ChartPro" (shows up as "Professional Stock Chart") on the play store: https://play.google.com/store/apps/details?id=com.taguru.ChartPro
I tapped around in it and it displays Candlesticks pretty well, its free, and is pretty easy to maneuver. However, I did attempt to look up one stock (EYEG) and it wouldn't pull it up at all, for whatever reason.
I'm that asshole
>hurr what is a stop loss
use whatever strategy you want man
Unlikely today was probably the lowest it'll go till the last day of CES then a ton of people will dump for quick profits. I'd advise waiting till after CES and grab shares in the .12 - .13 range and ride it back up to .16 - .17 in late Jan.
>or you're ASTI and destroy your value by selling a stupid huge amount of stocks.
Still waiting on my application to be looked at by RH staff, so I still haven't had a taste of the market yet. I was going to try out ASTI, but now I'm curious. Why is it a bad idea to sell a fuckton of stocks at once?
ASTI has the ability to sell 450 million stocks. They are broke, and not pushing out enough product so instead they are passing out shares like if it was candy. So far they've had 100 million out.
stocks are all supply and demand.
>Higher demand for a stock(if a company is doing good people want to buy into it) = higher price
>Higher supply for a stock (more stock issued) = lower price
2 not buy a stock just because I typed it out in my browser. These are just stocks that are doing well and that I am watching. You need to know when a good entry point is and where you can expect to exit but since I am a nice guy ill tell you that if you bought after the huge run up youre probably going to lose money.
Yes, actually. In the past 30 days, it hit a low of 0.14, which is what I bought in at, a day before CES. A majority of the time in the past 30 days has been above what I paid.
Going back 3 months, it appears a bit more risky, but I estimate, at most, the worst I could sell back for is 0.13 with a sell limit. This in mind, I also went in looking to sell this stock back sooner than later, not intending on holding this at all.
This is my first trade and I'm looking to learn more, so please, further criticism and guidance would be appreciated on the method I took.
You're not investing you're just betting on a speculative event that will most likely not have a huge impact on the stock. ASTI keeps pumping out shares and diluting the market which in turn lowers the price of one ASTI share.
Seriously one look at this stock and you can tell that fundamentally its garbage and not worth trading.
Has anyone actually made any profit from this? I've been using Robinhood for about 4 months at least, and I'm - $2.50 with an initial $50 investment. It would probably be much worse if I had invested more.
I don't know why everyone's going for these meme stocks. The efficient market hypothesis is a thing for a reason.
This explained it perfectly to me: http://www.investopedia.com/terms/s/shortselling.asp
See also: https://www.youtube.com/watch?v=Z1LctxzEREE
RH doesn't, currently. I wonder if it will in the future. Seems very risky, but if you're almost certain on an incoming tank, it seems like the best way to capitalize.
Thank you for the advice. It does seem that way on my ASTI trade. I need to dig in and find more solid, longer term stock investments. Need to do more research.
The auto industry is changing fast. Look at Ford linking up with Google and GM working with Lyft. Fiat-Chrysler needs to get into the modern, technology driven, car as a service segment in order to survive and prosper.
I haven't heard about that movement from management, but it isn't too late. Good luck, hope it goes well.
It's also because Ferrari is no longer a part of the company FYI.
It's legit but a bit limited. For most of us it's good enough since no commissions. However, it also means no short selling, trading hours only, no foreign investing, and margin accounts require 25k.
So if I'm just buying and trading stocks during trading hours am I good to go?
I'm not an expert at stock trading. Just know some basic things.
Best thing I ever did was grabbing Tesla at $55 and selling for over $280. Had to give money to poor parents to pay mortgage though. Getting back into trading now that I have a new job.
It's important because stocks don't just go up.
I don't know how much you're familiar with, but all it involves is borrowing stock from the broker, and giving it back (with interest).
As a trader, I can tell you it's vital to the degree that none of us would be in business if it wasn't possible.
The problem will come when your TSLA (or whatever) rockets or plunges after hours.
You would be unable to sell until the next day, meaning you could miss your ride (or end up broke).
Slowly but surely making gains, I'm new enough to trading that I haven't experienced a short squeeze, but most of the bulls are anticipating it to happen.
With nearly 45% shorted, it could be a sudden, huge jump.
Personally, I'm happy to take small increases on a regular basis, versus a rapid, chaotic rise.
Growth seems to have tapered off, so not in the short term. Just lie and wait, you'll get your chance to buy in. My rule with those guys is $5 bucks or below and buy because they always skyrocket when that happens..
The Oculus Rift pre-orders are going up tomorrow.
Can't invest because they're owned by Facebook. Some articles said to invest in Nvidia and AMD as they make the graphics cards. AMD is cheap like $2 range.
Investing in VR technology worth in the next few years? Anyone have some input?
Depends do you think every one is going to want a VR device? Its been tried before and flopped. This time there has been much more hype. I'd invest in a tech company for VR instead of Facebook, as Facebook has many other reasons to move.
>tfw most of my robinhood cash is tied up in SFXE, ASTI, and NETE
are these things ever going to turn around? literally all three tanked right after i bought in, i've been stuck holding onto them for two weeks
I bought in Monday morning 2 weeks ago at fucking $0.17. I've bought more lately to bring myself down to $0.16. I'll hold forever, it will remain in my eternal portfolio as testament to the folly of man.
They do look pretty sweet. Probably the best thing we can get out of them for now.
Memes into backpack dreams, brothers
And advice or news on these two stocks? I'm very interested in trying to buy into stock w Divs soon. How exactly does it work with these two?
Do you own a large amount of stock with these two? And for example, how did you divs pay out recently. Trying to get a grasp on divs and how they function.
HIHO and FTR are cheap, pay dividends and are pretty stable so it's easy to get in and build up. They both pay about 40 cents a share every quarter. FTR is relatively volatile, bouncing around between 4.50 and 5 bucks. As I see it, those are long term holds. I only own a bit myself, about 10 shares of FTR, and 5 of HIHO.
Oh, and just as a bit of a warning, this is second hand advice. There was another anon who's a fan of FTR, and if he shows up he could tell you more. That guy owned 3000 shares of it and has held them for a few years already.
You think that's bad?
Happy 2016 me
Ever so slightly.
In the red, but these are the results of my first day of trading:
Started with $100.00 in account
ASTI 200 sh x 0.1369
FCAU 3 sh x 8.95
NVDA 1 sh x 33.19
EYEG 4 sh x 2.74
Remaining cash/buying power: 1.62
Still learning and open to advice and tips!
Made back my losses yesterday. Micron stocks shot up a decent amount.
Hey gents, with the new year off to a bad start..
im about to get approved, and im a beginner.
is now an exceptional time to start?
any specifics I should get into right now?
interested in penny and long term with dividends
probably starting off with 1k
Never is a "bad" time.
Penny stocks are what /rgt/ loves I'd sticks around the upper penny 3-5 dollar range a little less voltile.
For dividends FTR has been pretty popular in /rgt/ gives currently around 10% yield. Seems stable and news has been pretty good.
Should I just give up boys?
Red at close. Back in the green AH but I have a feeling I'll be red again by 0935 tomorrow.
Seems like AH traders dump everything they have one the market opens back up.
Can I see your portfolio looks like you need major help.
What are you trying to do long/short? Penny gamble? Are you catching falling knives?
Yeah, that was my bad didn't fully understand the ex date.
Limit but/sell will buy for no more, sell for no less, this is your best buying/selling option. Check the FAQ if you want to learn about the others.
Don't give up but, wow.
Did you have any experience going into this? If you don't mind my asking, can you identify what mistakes might have got you so far down? Any lessons you've learned in the last 3 months that you'd be willing to share?
Chin up lad :3
I lost a few hundred when I jumped on some oil stocks thinking they had hit bottom dollar, received a dividend and sold them later, which was a smart move as they announced they were halting dividends and dropped off a lot more after I sold.
Loss another $60 on the GBSN meme. Now I am mostly riding on ASTI (3.5k shares at .18) and NETE(4k shares at .23). If they gain momentum this year than I will be doing alright.
I also own 150 shares od CIG and 100 shares of SDT, going to hold onto them and see where they land.
premarket is diving it's going to be a bloodpath tomorrow
My last 3 months so far, my high was $135 I started with $100 3 months ago and I invest everything into one company all at once so yeah suck it that's how I do business lmao
I love that stock, its down so huge but if they get the news they have been waiting for it could blow up to 50 cents.
If you can invest in risky ass shit like this and want to do a stock that lets you buy a boat if all goes well, look up TPAC, its not a bargain anymore, probably wouldn't buy it this week unless it tanks to 28-31 again (although it could move toward a penny by Friday) but next week could blow up like fucking huge once they get their Boeing + China news. You can easily lose 50% so be careful.
This. I tried my hand with an Investing Simulation before using RH. It simulated everything... right down to commission cost per trade.
Each commission per trade on the simulator was $30. So, while I wanted to try my hand at trading a bunch of penny stocks for fun, it would take ages just to be able to make back what I would have paid on a single commission trade. Suggests that I buy large amount of penny and risk a lot more, didn't like it.
Once I found out RH has no commission, I lost my shit
CMLS is low right now.
Here is a nice DD (due diligence) that I have found. https://docs.google.com/spreadsheets/d/1nUnTWS6SyHmepbRqN5YRu2FnAa-tEGccqOIhvCw0DBI/edit#gid=1998815364
Don't buy because of this post or because of that google doc. Make your own purchases from your own intuition.
Don't panic when market drops if you own strong stocks unless it's a special circumstance like the company itself blew up or something a long the lines of the housing market crash 7 or 8 years ago.
After a big market dip stocks always make a comeback. Sometimes within a week, sometimes within 2 months.
Stocks with high dividend are usually safe.
Everything is still a gamble. If you're trading high risk stocks then you better watch for reports or you'll suffer big losses.
This is just basic stuff. I'm an amateur too
I'm glad my broker didnt let me trade it.
Avoided some serious shit.
Did it all on paper anyway and I would have come out with $8 profit after it rose to .37, put a stop loss at .34
They don't have a lot of income and the reason the stock is up is because of their recent announcement to pay 33% dividends on their stocks. I think this move will kill them in the end and drain their money. COOL is nothing more than a daytrade to me.
ASTI bros, what's your gameplan?
Looking a bit bleak, but CES just started... even if ASTI does have some tiny booth over in a corner next to the bathrooms or something.
Setting unrealistically high sell limit of 0.18, in case I'm afk. More realistically, if I catch it hitting 0.15-0.16, I'm most likely gonna sell all 200 shares away.
>How come everyone here only discusses penny stocks
Because that's all the people in these threads can afford. Which is why they're using Robin Hood, so they can avoid paying $5 for commission.
>penny stocks typically have a high commission cost
Who told you this?
I would get charged the exact same commission (if I ever bought them, that is).
Does each request cost brokerages money to put in? Or do they charge to make money?
I understand running a business and paying wages cost money but I mean is there actually a free to put in requests? Are my constant buys and sells costing robin hood more money for example.
I'm just worried that the price can change in between the time you swipe up the displayed market price on the final conf. screen and the moment it loads the purchase.
If it shows you one thing at conf. and then spits out another on your receipt... then I'm a little worried
Yeah, that's just my gameplan. I mean, I got a good price on it (0.1369 x 200 sh) but if it doesn't rise/spike by Fri CES Show end, I'd just rather get rid of 'em with a tiny profit, free up that cash to make other plays. Maybe I'll buy back in later.
Still new, though, any advice on doing otherwise?
Looked up their site: https://www.robinhood.com/about/
>Real-time Market Data
>Robinhood's servers stream market data from exchanges in real-time. So while some brokerages delay quotes up to 20 minutes and charge for real-time data, you'll get timely quotes for free with Robinhood.
"Timely". So I would say better than the huge 20 min broker delay but not down to the second either.
Found this on another site from a user reply:
>The actual trading (buying/selling on Robinhood's side after you submit your orders) is realtime but current stock price you see on the screen is delayed for up to 15 minutes. It's hard for a single app to stream stock price realtime constantly due to the massive data load.
Their blather sounds intentionally confusing.
>Robinhood's servers stream market data from exchanges in real-time
>but current stock price you see on the screen is delayed for up to 15 minutes
Of course the "actual trading" is real time (what are they going to have, a separate delayed market?), but if your quote is delayed, that's not "real time".
>It's hard for a single app to stream stock price realtime constantly
Don't know who the user was, but I trade on a platform that has an app for my phone. No issues whatsoever about constant streaming
And actually, this jogs my memory. I used a Stock Investing Simulator a few weeks ago and one thing that was annoying (but simulated to match realistic broker trading) was this delay.
Firstly, the quotes displayed were delayed by 20 minutes. On top of that, if I put in an order, there was also another 20 minute delay if it happened to be traded at that instant. In other words, it wouldn't even let me know if my order went through at the price I wanted until 20 minutes after execution. (in addition to a quote display delay)
I'd say RH has done a good job of streamlining that process and eliminated MOST (but not all) of the delay, as well. I've bought at market price instant before (that's how I got that odd number of 0.1369 cents x 200 shares of ASTI) and its gone through without a hitch or change in price that was displayed to me, so I hope that doesn't happen in the future
CES is today.
What are we buying other than that solar panel horseshit?
What a ride. Thank you and goodbye FREE.