Robinhood General "Thread" -- /rgt/
Not a bear crab edition
>Stock Questions & Answers
>Stock Predictions & Forecasts
>Stock Graphs & Charts
>Stock Successes & Failures
>Stock Highlights & News
Visit the website first - www.robinhood.com
*Only works for US citizens right now (Australians can get on a wait list for the Australian beta)
Candlestick App - thinkorswim
Available on iOS, Android, and Windows
Candlestick charting guideline:
Twitter like chat about different symbols:
Previous Thread: >>1050738 →
>bought at 9.95 today
>hoping a reversal will come soon
Yeah I think it's a long term winner and a solid hold, I just wasn't sure if you were trying to flip it right away. Sometimes when people say 'keep it for a while' on here, they mean like a week.
Anyone with experience in the stock market, who feels they can contribute is invited to join our live group chatroom.
This think tank can make us all money.
Create a user name
Post it here, along with your level of experience
FCAU is at fair valuation though. F and GM are four times as large, undervalued at their respective price points and pay a dividend. You're comparing apples and oranges here, same industry doesn't mean same kind of story.
What's a good short term investment lads?
I don't know how much you'd typically put, but I've got a few grand at least to toy with.
Im an amateur of course, but you have to start somewhere
I think they're both good buys at that price. I think investor sentiment is more on GM's side because of the div, but I think they're too tied into China and F is going to be able to have a more attractive product line going forward. With the way I invest, F just looks like a better buy right now because you can pick up a shit ton of it at current prices, plus it's also going to beat earnings on the 28th so if you got in now, you'd already be a buck or two ahead of the climb.
Who /playin it safe/ here?
I've just been day trading energy stocks (mostly coal actually) the past couple of days and I make like 8 dollars a day doing a couple trades then stepping away for the day.
I don't feel good having my money on either side of the battle right now, so I'm just trading a few hundred dollarinos per day for my profits. Thankfully volatility lets me make relatively large gains with relatively small investments (though the risk is thus also relatively large but I've only goofed once so far on that)
It's been working well going with the momentum so long as I mostly keep away from mid-afternoon; that's when stocks tend to switch their momentum over recently. There have been more than a few turnarounds this month at around 2:30 EST
YO add me to the kik group
real world xp as CTO of my own company, small time investments mostly but I can create value by myself. Looking to get better educated and help out if I can.
> everything is completely flat lined
I have a feeling something huge is going to happen Monday.
why doesn't /rgt/ put together a list of stocks/etc that everyone should have in their watchlist, and then slowly fine tune and update it?
I always worry I'm going to miss out on some really great opportunities...
As somebody completely new to Robinhood, I'm wondering something.
Why would anybody not use Robinhood?
Is there a significant downside to Robinhood that we don't really talk about?
Is everybody else just misinformed?
What's the deal?
From what I'm seeing, tech, energy, commodities stocks had decent volume today, like average or above for the most part.
Unsure about other sectors; maybe they were mostly left alone today. But the volume doesn't seem to be low, it just looks like you had a buyer for every seller and vice versa after the morning jump. Looks like people are willing to take action still but the bulls and bears are both hanging around.
I don't think either side is willing to give in and join the other yet, though. Needs some more catalysts
>that everyone should have in their watchlist
That's the thing. It should be different for everyone based on capital, risk tolerance and investment strategy. I imagine it's mostly micro and small cap stuff for the RH crowd, so a rough guide could work.
>then slowly fine tune and update it
That's what you should be doing everyday anon. Learn excel if you don't know it already. You can even auto update it with scripts, but doing it manually helps you learn even more.
Feels like there is a consistent number of amateurs increasing on these threads daily. A majority of the questions asked here asked by amateurs can be answered with just some research.
Robinhood is still a new thing although it's been around for a while now, it is gradually getting better. The fact that RH is only available for mobile devices is one huge factor. Also, since RH has zero commission fees, this spikes a lot of suspicion for people since it does sound too good to be true, although they do have an explanation as to how they make money without using commission fees, plenty of people still have doubts. The interface on the app is quite childish, if you are really serious about stock there just isn't enough information provided by the app alone to make good decisions. So you can easily lose money on the app if you have no clue about stocks.
Also not shilling for any one in particular but real brokers often have real platforms that do some of this for you. I just prefer doing it myself cause that's how I learned it.
It's FDIC insured, though. Which is what confuses me. Even if it is sketch... There's that assurance that your money should be safe.
I use TDA but also robinhood; TDA is fine for long term investments and access to other things, and it also has commission free ETFs which is great for investing, while Robinhood is a good way to do some lighter trading. I think Robinhood is a great asset for even the most experienced stock marketers, unless commission charges are chump change to them.
It's not like my ameritrade app is how I find stocks and research them; I use my computer to research them, though the TDA website is FULL of great resources. Having these two brokerage accounts is far more valuable to me than having one or the other.
Still, for long investments, like years in the making, I can't be arsed to use robinhood. I just feel better having it in TDA because robinhood is such a simple app. Just the design of it makes it difficult for me to want to invest long with it; im not sure why.
It's not that I'm sketched out by it, but the UI is so trader-friendly, with the huge BUY and SELL buttons, idunno.
I, for one example, like to open TDA app and check the candlestick chart of a stock as it progresses thru the day then take action on robinhood which won't charge me 7 bucks per fuckin trade.
TLDR robinhood is a great asset
>started at 3000, lost 100+ to asti yesterday
time to make it all back
Sorry I wasnt here a month ago.
But if someones interested I have a company that will pay out about 14% in dividends in 2 months that you could invest in. It wont have any swings and they made good profits and really large investements 2015. Going long in them with about 20 grand myself so...
Shouldnt be a wild ride since its so low (even though they are doing good)
But yes Finnish market so I dont know how many of you are willing to speculate in that.
not bait-kun, but ToS, Fidelity, Vanguard, etc. y'know, huge brokerages with years of a solid track record.
not saying robinhood is bad, it just seems like its for poorfags who can't invest more than a few grand. which imo, isn't even worth it and could be better used to build a business.
I mean, it's a barebones trading platform is NYSE only mostly with minimal fees, which is as clear as they make it. It's not a scam or anything.
If you want the big options, by all means go for it. But that doesn't invalidate Robinhood as a trading platform. You would need a lot more evidence to prove that.
if only I had put some stock in my list today
Slight to no disadvantage. With traditional brokerage you have to pay for each trade. Automatic reinvesting basically makes those trades free. But robinhood has free trades to begin with so it is not a problem. The only thing is that you cannot buy fractional shares as a reinvestment program could give you, so you just have to hoard dividends/add funds till you can pick up more share(s).
I don't invest on RH, you flaming retard. I've never held anything on RH for over a few months. Nobody here is putting money in the fucking sp500 and letting it sit. This is all about memes and sweet trading days.
Nobody is pretending we're some elite group of traders; but unless you're some millionaire rich gag, you're talking out of your ass if you don't think commission hurts profits.
If im gonna buy AMD and sell it in 4 months, im not going to use my amritrade account.
I have one, but not for that kind of thing. I will however use the resources that TDA gives me for whatever I need. I will also use it to do my actual longterm investing. Not everything in the market is investments, otherwise you wouldn't be seeing indexes jump and drop like 3% every other day. You seem to assume that everyone here sits on robinhood alone with all their savings and invests for years or something
new strategy I just devised! I'm going to all in on the next runner I find. Now I will patiently wait until Wednesday then scan the market for the best stock and update you guys on how it goes. It's pretty risky so I'll set a stop of like 4%. Wish me luck be back on Wednesday
Just gonna repost what I posted in the other thread:
I would warn anyone with any sense to not join this group of misfits.
They are working with under 100k combined AUM and cannot hold their emotions when day-trading, the only sort of trading they do.
Not only this, but what you're doing is against the Securities and Exchange Commission's policies.
You all pick one stock and buy it at the same time and sell it at the same time.
Here is a paraphrased, yet accurate, generic chat:
a: What's on the watch-list boys?
a: When do I get in?
b: At open
c: Got it.
d: How many shares?
b: As many as you can afford.
b: Alright, time to unload boys.
b: Sell FREE now
a,c,d: On the way, hope RH fills my order.
And I'll respond the same,
there is no semblance of trading at similar times.
No pump and dump.
And Yes we have some beginners, who are learning.
We argue about different stocks, go in and out whenever we personally decide.
We couldn't reach that level of organization nor agreement if we tried.
You claim we have emotional traders yet are completly organized?
You're clearly an idiot and sadly are an emo little bitch,
you must have been picked on a lot in high school.
"Ms teacher, I suspect ppl may be cheating on their homework"
I'm laughing at you while you embarrass yourself in public.
Nice try man, really. I just literally feel sorry for you, as I am forced to fix your pathetic attempt at spreading mass disinformation.
I'm really sorry youre not getting as much attention as you crave in real life.
Post 3 still applies here:
"Any onlookers, look at the differences in composure between him and I.
You're grasping too much. I don't want to see this shit again.
Else 'Jews Clues Inc.' is going down. https://bizmemeblog.wordpress.com/about/"
I thought the hold was because of my age (19). They asked me for a picture of my ID and my SSN card yet still nothing.
I've heard the same, plus it's a relatively new app which people really don't know a ton about.
It might be. I also used a credit card since I was 18 and haven't missed any payments so my credit history is in the excellent range right now which might have helped things along.
I don't remember getting asked a picture ID though. That's weird.
>still waiting for account to be verified
>tab some stocks i like
>the past 3 days have had this gain across all of them
For me, everything has just slowly been withering. Both bear and bull etfs on almost everything seem to be at an impasse.
I just want one side to win already so I can ride those sweet highs and lows again.
So I just made my first trade on robinhood.
Did some reading about some penny stocks and chose the one I think will go up most in the next couple days.
I am going to do some actually research in the mean time, but I thought I could post my selection here and recieve feedback.
I bought at open and it immediately went down 14%
> down 14%
You might want to learn about stop losses lad.
Even if you wanted to stick with it.
Selling at -5% then buying back up at the bottom would be better than taking the whole -14% loss.
If you're looking for a long that gives chill dividends and is relatively cheap at the moment, go for BAC. It's a too big to fail so it won't get much worse, pretty much only up for the long. Plus dividend.
I highly doubt it'll drop that much. You could maybe wait for another 10% drop but banks are pretty stable relative to other industries at the moment
The one area that might cause a serious drop would be if they're not prepared for all the energy firms to default on their loans, but that's a problem for every bank and most have an action plan in place and funds set aside
Stupid stock question: If a stock is supposed to be the average price people are currently willing to put down on a company. So let's assume that all buyers are retarded and the company announces its sales have halfed, but everybody heres this and decides to pay twice as much for the stock as normal. Is such a thing possible, or is a stocks value actually linked to the companies performance outside of the publics perception of the performance? (outside of defualting of course.)
Stock is just a piece of the company and the amount you pay has nothing to do with their actual performance.
The scenario you mentioned is really common too. Last week a shitty oil report sent oil stocks to the moon for seemingly no reason. Ironically enough it probably jumped from people covering shorts though.
Furthermore, companies like twitter are valued at billions if you add up stocks, but they hardly make any revenue at all.
There's no fees or anything.
The catch is that it could hit your stoploss for a minute, get sold, then skyrocket 10000000% and you lose out from not holding. Although, I could probably count the number of times this has happened to me with my dick.
Unless you play around with extremely volatile stocks it's a good idea to have a set stop loss to prevent you from hemorrhaging money.
If you're still scared of losing out, you can try what I do and set a single stock to stop loss and evaluate whether you think it will rebound when you get the notification that it triggered.
>Just bought ASTI at 7 cents and I'm waiting for meme magic to push this to the moon
Now this is memeracing.
What are some of the latest meme stocks lads?
every stock has a 'bid' price, an 'ask' price, and the last traded price
for example see my image, the current quote for MDLZ stock (mondelez, big food company)
If I buy one share of MDLZ at market price, I will pay $41.06
If I sell one share of MDLZ at market price, I will get $39.87
The 'current price' of MDLZ listed is $40.20
Robinhood does not show you the ask / bid price, you only see the last trade price.
So you might be holding your share of MDLZ and see that its up to 40.20. you press market sell because youre lazy and you only get 39.87
Limit orders you actually specify the price you are willing to sell/buy at
cmon boys, eod sell off. I want 2 see oil bleed
all my hard memeing for nothing
GBSN when the stock split happened a few weeks ago. Made a few more bad investments after that as well. Trying to get back, playing the long game with Netflix and Apple . Made a dollar today off ZINC, it's something I guess.
Told you guys
Hope you listened
Its really not such crucial information don't worry. For your reference that screenshot showing MDLZ spread was taken from my "interactive brokers"platform.
But honestly as long as you understand it exists, you won't get unhappily surprised when you do a market order. Just use limit orders and you'll be fine
> I watch the value went from 20k to 13k.
> too stubborn to give up
How do I get rid of my emotions, /biz/
>The latest meme pick to lose money on is $TVIX.
This is the most correct answer. Two or three weeks ago TVIX was a solid buy every day. Now every morning it's "China shit the bed again, all hell's breaking loose! TVIX train now boarding for the ort cloud" and every afternoon forums and boards like this are littered with corpses crying about how they got fucked because the market is recovering even though they don't think it should be.
What happening with the aus version, is it going to be trading asx? the robinhood just responded with a vague non answer when I queried them.
also add me, username is tassadar_
I am australian finance/maths student with minimal experience actually trading, will be able to contribute once the australian app works and just want to speculate without participating till then
>HA up 12%
celebrate with me /biz/
Who gives a fuck what robinhood shows you, we've gone over a hundred million times by now that you use something else for data, and use limit buys and sells on robinhood, jeez.
Unless robinhood doesnt sell or buy at your limits, it makes no difference between using robinhood, or using another broker, when it comes to basic buying and selling of shares.
>only one open order on a stock at a time
>no short selling
>no over the counter stocks
etc etc I could go on
these are fundamental tools that robinhood does NOT offer, besides the previously stated fact that the charts are simplistic as fuck
stop loss is like a safety net
you buy a stock at 100$, then you set your stop loss at 90$
means the shares will sell if it hit $90, limiting your overall losses if the stock was actually on its way down all the way to 80.
yes its neat
however some people subscribe to the thought that "its not a loss till you sell" , and they would rather hold it while it goes all the way to 80 in the hopes it will come all the way back up.
I am very much in favor of limiting my losses and taking the small hit now rather than the big hit later when I realize its never coming back up. I usually set my stops at around 5% below my cost. Ive been burned by this too though, because my stops get hit and i sell all shares early in the day, and later the price has jumped way high but I dont get any of that because im already out. sometimes its best to just hold
I'm doing penny stocks right now since I don't have enough at the moment to get into anything above a dollar. I'm looking to learn to get at least get a 5% profit before dumping ~$100k later down the line (lub workers comp)
Comrade Putin has blessed my portfolio with green got the first time in a week, the time to join the Russia meme is now.
I should have listened to that anon the other day
I'm only commenting here because people looking to short will see your comment and check the replies:
There are inverse ETFs that allow you to short certain commodities, such as DWTI, available on Robinhood.
I'm keep a close eye on TWTR and YHOO. Twitter's stocks are at an all time low (though it shot up today for some reason) and Yahoo might be replacing their currently shitty CEO soon. Waiting to see what it does to their stock.
$9.99 * 95 * 2 = $1898.10
Plus it was fun picking 95 stocks, basically creating my own custom ETF. I'm sure every ETF includes at least a few companies I have no interest in.
I use Ameritrade as well. I'll be using it for shorting, OTC and low volume stocks.
I definitely overpaid on some trades. Robinhood does limit orders 5% over market, so I only bought stocks with decent volume.
If I had placed my own limit orders on Ameritrade instead, I would have saved maybe a penny per share on average.
I don't get it. I just started my account the other day. It has me in the green and says I'm up $2, but I actually have $5 less than what I left off with last night.
Hey anon, good post. Some advice though, 5% is too low if you're picking up good stocks. I can see five points for the penny stuff but this is where screening for quality picks come into play. I usually set mine at 25 to 30 percent. On the rare occasion it gets down to the range but hasn't hit the stop, I really study and think about what happened as I track my picks and the market every day. If it's a good stock and the story tells me that it's going to go back up anyway, I just double down at that point to get my money back. That's only happened a few times but it worked every time.
In TNK at 4.40. Holding for the dividend. Last day to get in is tomorrow. Currently down.
Hey, guys. I'm having a problem.
I signed up for Robinhood and got approved.
Now it's saying that it's sent two transactions to my bank account.
For verification I need to tell them the transaction number in cents.
Thing is, I don't see any transaction in my bank account.
What's the deal? Do I just need to wait? I got accepted yesterday.
Robinhood is my first app to actively trade stocks. is it normal for sold stock money to sit in the unsettled funds for 4 days?
is there any other broker/app that actively adjust buying power asap?
its normal yes
you can open a margin account and essentially borrow money to trade with to avoid the settlement period
I dont know about robinhood margins but Ive used margin accounts with other brokers
This Kik And Reddit stealing mah contribootrs meme is getting out of hand.
You do realize most of us are here are in for get rich quick shit so when we see Robinhood threads with 99% red themes and a guy who's probably a Robinhood marketing shill with 100k and no reliable info moving around people don't stick around.
Ehh, people post their red days because they elicit a stronger reaction than reasonable green days. I'm sure that most semi serious people are making gains, but don't post because they're not really amazing.