Robinhood General Thread -- /rgt/
GIG is definitely a meme edition
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Old Thread : >>1076078
Thanks for the tip, I could suck your dick lad.
Literally too big too fail as well as some new jobs that their going to start
Impossible to fall less then 5, it's about to start rising up
Going to hit around 30 in literal couple of months
Also their about to start focusing on their stock price and buy up all debt so either way we're bound to see it only go up
>buying .com meme stock shit
You're going to be losing money as everyone jumps ship
Because .com always fail in the long term
Literally throw your money in the trash because the rats will make better investments then you
Damnit I should have sold amd when it peaked yesterday. I thought I'd ride it out long term but if I woulda just sold and bought in again today I'd make way more money.
Just a piece of knowledge I just learned. Hopefully some other noob can use this as well.
Learned it the hard way too.
Only exception is if you're holding a stock for over a year you get sweet tax breaks on its dividends so selling off to buy again will reset you I think.
6fuck kill yourself please
.com's value is based on how much people believe it's worth
If it starts to drop then investors aren't going to stick around and keep jerking it off
.com has the biggest risk associted with it due to the fact that it's price fluctuates with its user base
If people start to bail as they're about to right now
that's my opinion at least, from what I've read and gathered research on
It's up to you to believe it or not
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Hey /rgt/, I just got my account approved after a few days of waiting and I just used a code to link my bank account but it still says unverified. The home page says its pending and I just don't want another week or so to get this updated.
Alright so I'm trying to get my head around this are most people using robin hood for long or short holds? Does it even matter does it work well for either strategy or does it favor one more than the other.
Most of the cucks here like to take a shit position for a few days because it's "going to the moon" but then turn around and sell within a week at a massive loss.
The smart cucks use it to swing trade since there's no transaction fees, and you don't have to eat a further loss if you need to dump something fast. But you have to ration your buying power because of the 3 day settling period.
why is mac wearing the robin hood logo in the latest episode of its always sunny?
> muh TA
They've got huge events that will break whatever extrapolating trend your graph predicts.
They having a webcast scheduled on what to do with their fuckton of monies and a presentation at a huge investor conference very soon. It will either skyrocket or tank to unforeseen levels.
> Invest in a company that's obviously in a slump
> "HURR WHY AREN'T I MILLIONAIRE YET??? IT'S BEEN A WHOLE DAY!"
Leave the stock alone.
Buy your shitty meme stock on a simulator with the exact amount you spent on Jewgle.
Come back in 9 months and I bet you'll be sucking simulated cock to cover your simulator losses, while holding more real equity than all the bankrupt memers in this shithole.
Shorting is somethign you can't do on Robinhood. Essentially when you short, you borrow the number of shares you want to short from a brokerage, and sell it immediately at market price. You owe the brokerage not the amount of money the stocks were worth, but the number of stocks themselves. So if the stock tanks, you buy the number of shares equal to the number you borrowed at that lower market value. You then return those shares to the brokerage, pocket the difference. If the stock rises, you're essentially fucked, since you owe the brokerage the same number of shares you borrowed, except now it's at a higher price per share.
>just put is all in NETE and forget about robinhood.
Part of the fun is coming here to talk about the latest memes. I can't just forget about it. Though if miraculously one of the meme land me big bucks. I won't forget you guys!
Im hoping, but AMD had a bad year in 2015
And what's weird is a story came out in Jan about Tesla developing self-driving cars with Nvidia processors and both NVDA and TSLA went down after that. Nvidia is also pairing with Alibaba for a cloud computing service, so it's looking good.
But I dont /really/ know what I'm talking about, so feel free to jump in and correct me. Im new.
My picks for this week coming up are $GIG and $MNGA
$GIG had a rough week last week, but so (almost) every other stock. Look for a bounce by Wednesday or earliest by Monday.
$MNGA is a personal favorite of mine. They specialize in turning liquid waste into hydrogen fuel, and they were just picked up by NASA to be a subcontractor. This could be huge if the stars align.
timothy whats his face on youtube is pretty convincing if he's made 4 million off penny stocks. its usually a better bet to short sell penny stocks since most of them suck ass.
>Nickle and diming ASTI for a couple weeks, making $30-50 a turn on jumps from 0.0670 to 0.0690 or so
>Holding 5000 shares bought at 0.066, sell on 1/29 for 0.075, made $75, woohoo!
>Watch spike to 0.125 on 2/1
Trading penny stocks is fun, but fuck, swings like that piss me off and make me glad that the majority of my holdings are dividend stocks
My maths, I cannot do ($45, not $75)
I bought at .1. I knew the 50% jump was coming but didn't know when and I had no fucking knowledge it would go down to .6 before it went back up. I sold at 1.25. still made $300 but fuck if I had bought at .06 like you I would have made $2000.
Yep, this. The first jump (2/1) took place on the fact that they actually increased revenue versus quarter-over-quarter average by 90% or so. The second jump was because they were one of a few companies to receive a developmental grant from the DoD.
Conversely, it can dip too. 1/20(something,) the primary owner of the company announced he'd reinvested $7m into buying back senior shares, causing it to fall nearly to 0.060.
>mfw I'm sending esumes to every successful tech company that /rgt/ picks out
>mfw I can make money off them in the short term and potentially get an internship in California for the summer
I can't believe I didn't think of this sooner. Who says /biz/ isn't helpful?
FCX has one of the biggest debt loads in the stock market at $20B, it's trying to cut spending by $5-10B, which means layoffs and downsizing. It also tried to enter the oil market at literally the worst possible time. It's gunna keep tanking.
You do realise cryptocurrency has no financial barrier to entry right?
If you idiots had put your money into Ethereum like I've been telling you for months you'd be laughing right now.
Instead you're sucking the dick of some gay little "app". And making jack shit.
>tfw missed that slim chance to get $GIG at 2.78
Okay. Anyway, I'm sure this shit is going to be a loss at this point, my average share price is like 3.11 or around there.
I swear if the guy who shilled it comes back to gloat when it jumps up from some low shit like 2.80 to 3.10, I'll be pissed.
Here's your meme stock for the day boys,
It's got all your favorite qualities
> Less than $5 per share
> Downward trend for years
> Overwhelmingly negative consensus
> Down almost 50% in a day
> Close to going bankrupt and delisted
a lot of your guys long picks are pathetic so I'm gonna drop some tickeRs for you guys to research for possible Long candidates.
Penny stocks for the plebs
I know these threads are usually full of penny stocks but has anyone else been watching DB? They are down 10% today and everyone seems to think they may go bust but I don't believe Germany will let them, if they get bailed out there is a lot of potential upside to the stock.
on the 1 minute chart I can tell you that its highly oversold, it will probably see another small drop. the 10 day MA is about to meet with the 60 MA though and the MACD is diverging upwards so we might see a small rally here up to 15.45 ~
>should i ask /biz/ to advise me finicially
>should i admit to not knowing a whole lot
>should i sell my long term growth blue chip stock in one of the biggest companies in the world
>should i be on 4chan
I thought after a week of all red's last week today would be different...
A couple stupid questions that I just want to be sure I understand.
When I choose "good for day" on an order, how do they define day? Are they going to sell at the end of the day today, first thing tomorrow morning, or what? And when they do sell, does that count as a second trade or is it all part of one trade?
after the day is over (1pm pst because RH doesn't do after hours because they are SHIT) if you still have any "good for day" orders then they will be canceled. What part of good for day is hard to understand
>mfw I saw this thread and remembered having a Robinhood account when it first started
>mfw just dumped a couple hundred to test it out
>mfw I just checked for the first time in 8 months
>be in red all day
>get super depressed
>look down at what this miracle could be
>ASTI literally 17% rise carrying all my other shitters on its back
THANK YOU MEME STOCKS!
Probably the falling currency
Canada monopoly money is like 70 cents to a dollar now
A lot of people are skittish and want to invest in their future
and as well all know
GOLD is the future
[spoiler]plz buy fcx[/spoiler]
If you're still lurking, I just want to remind you that you're a huge faggot who makes shit calls.
Meme stocks will always lose in the end.
A company spiraling uncontrollably towards oblivion won't magically pull out because you're rooting for it.
>1 week passed
>omg why isn't it in 30 yet you're so stupid!!!!
I saw this thread and started meme trading last Friday. I quickly skimmed through this thread and got ASTI, LNKD, and NETE. Which meme should I buy next?
I was told last night that you need to fill out a ten page survey before RH would let you exit a position. Maybe he meant before they let you cash out, but it sounds way too memeworthy to be true (guy furiously filling out survey so he can sell).
Can anyone who uses the app and cashed out can confirm this?
You mean deposit money back to your bank?
I haven't done it yet but the app let you know the amount you can withdraw(it's the money that you aren't using and aren't on hold). It's like a click of button.
Not the guy you're pointing to but I think it's through the roof by May. There's no way it won't with that much coverage and institutional investment. In fact, I think there was some market manipulation to get it to this point in the first place. I track it and it kept diving for no reason at all on certain days, even with low volume.
How did you first catch wind of it?
This past weekend I started to find the easiest way to screen stocks. I tried screeners but their is an overwhelming amount of data. I then to look at Insider buys. That's how I found them.
I made money on it during the run up from 30 to 40 and it's been on my watch list ever since. But I really started paying attention again when I heard that Baker Bros were picking up another 2.5 m shares ahead of FDA approval in addition to the secondary offering. I think it gets approved and then maybe bought out by one of the bigger fish. Or goes it on their own and starts developing their pipeline even more. Either way the drug is coming and this looks like it could be one of those rare big wins for the little guy retail investor if they're in on the bottom.
Also I think the secondary was just to raise money for marketing. This is registered through 2018: http://www.nuplazid.com/
What's a good initial investment to plunk down into this website or app or whatever the fuck you guys are talking about? Is this some "TRADE 4 FREEEE" meme shit like Acorns?
I'm going to read up on it but when I'm done I'll come back and see if it has any replies.
Trading fees really are free.
I'm sure they operate at a loss for the penny traders here with <$15 accounts, nevertheless there's nothing stopping you from trading with even $1.
If you play with blue chip stocks you might need a few hundred as they are just more expensive.
Their quarterly came out yesterday with some not bad news, but it wasn't full on green. They ended up sandbagging profits into the next quarterly which should be great in the long term,
I just bought more at 2.40.
>likely a pump n dump
>don't know when to sell
>already made $4
who /depressed cuz losing/ here
Not the case with this one. Everything's a falling knife right now, esp in biotech, and the shorts are the main thing keeping ACAD down really. Doctors and psychiatrists are both calling the drug a game changer and latest B of A Merrill Lynch coverage is calling it a 1.5 B market by 2025. Someone's going to be making a shit ton of money on this, whether it's ACAD or a parent company. I think it's a strong buy and an even stronger hold. Green is coming.
The longer you do it, the better your bookmarks. Been at this for a few years now.
>been watching since it was .08
>bank account still hasn't been verified
>see it shoot up today
>tfw I could have made a decent penny on it
I lost almost 100 at one point, it's back up, but I've still lost a very significant portion of my money.
I didn't even know what to do anymore. ;_;
I guess it'll just drop down to .05 and take all my money. How could this happen...
If you don't put stop losses in place you really are just gambling. Go look at average true range on investopedia and their article on setting rational stop loss prices. And money management too while you're at it.
Will RUSL ever come back? I might as well kill myself at this point,
I'm the guy who shilled RUSL here.
I told everyone to sell off and buy RUSS last week. Why didn't you listen?
Does anyone know what determines how long fund transfers take?
When I first started out every time I transferred more cash in to Robinhood the funds would be available immediately. Now whenever I transfer money it takes the full 3 days. What's the deal.
I've put over $1000 in lifetime total, but I just tried to put in $60 today and it lists it in "uncleared deposits" and not in "buying power". I guess you mean that my account will never have instant transfers any more even though I've fallen pretty far below $1000 in account value now, dam shame.
I don't know
All I know is that I'm selling all my companies that are based in canada
Even IAG which is gold and despite how high gold is rising
Fucking canadian dollar is going to be worth less than mexican peso
Might as well go burn that monopoly money
How'd you do today fellows?
At this point I just want to make back what I started with and quit.
Eh, got out of an energy crash to pool into ACAD
That Parkinson's Drug release saved me today
Also how long after a sale are said funds able to be used
My brother and I want to start fucking around with penny stocks, reminds me of a more autistic version of gambling. What site is gud for buying and selling stocks?
Keep in mind there is no release yet. We still need FDA approval, and that will likely happen between March-May. ACAD may still bounce until then, just think of this opportunity for us poor fags to get in an load up at a reasonable price.