How to make money with robinhood app reddit

Unofficial subreddit for Robinhoodthe commission-free brokerage firm. Get started today! Download the award winning app for Android or iOS. Guide for new investors. See also: sitewide rules and reddiquette. Shitpost Does anyone out there make a living trading with Robinhood? You maybe up this month, this year but everything about that sub is against fire doctrine. WSB has some genius investors. I redit how to make money with robinhood app reddit taste for gambling. Yeah there you go. Lol those are just the bad calls tho haha like they lost their gains too but they also post their huge embarrassing losses. If you held any combination of fang, mu, amd, nvidia, sq over the last year, you’d be more than okay.

Welcome to Reddit,

Unofficial subreddit for Robinhood , the commission-free brokerage firm. Get started today! Download the award winning app for Android or iOS. Guide for new investors. See also: sitewide rules and reddiquette. Are you guys making an income from Robinhood? I think day-trading is where you actively buy and sell stocks on a daily basis and i know Robinhood has a restriction against that. Robinhood doesn’t have a special restriction on day trades; that regulation is mandated by the SEC and all brokerages are required to follow it. The T or transaction date is counted as a separate day. I only invest in long term dividend stocks. I started out just to learn and as a hobby, but now I’m starting to put more and more in my account to trade with and hopefully make some money. I wouldn’t call it a good income just yet, though. You can if you have over 25k in your account, but like others are saying, this isn’t an RH restriction. The only time you are limited is when you are trading on a margin. You are using barrowed funds essentially. See: Robinhood gold. I’m practicing with no commissions. Once I’ve built up a few thousand, I’m going to roll it over to a regular brokerage. That’s just my plan. Why would you roll it over to a regular brokerage? Any different benefits? I mean RH doesnt charge commisions so why move? Regular brokrages have more advanced strategies available such as options, puts, calls, ect. Plus you can trade on a broader market scale as robinhood is limited as to what it offers access too. To be able to couple with existing k accounts that are at a specific brokerage. Just personal preference. I am looking to go long with stocks as part of my overall retirement plan. I am working on diversifying into some zero coupon bonds and a small percentage of precious metal as well. I got started later with investing, so not too willing to risk as much.

Welcome to Reddit,

Unofficial subreddit for Robinhood , the commission-free brokerage firm. Get started today! Download the award winning app for Android or iOS. Guide for new investors. See also: sitewide rules and reddiquette. Help How can I get started on Robinhood with a very very small mount of money to start with? Essentially, I only have like 30 bucks but wanna learn how to invest thru Robinhood. I recommend some kind of Exchange Traded Fund ETF that focuses on an industry you like to follow and personally believe in. Hopefully something that pays a dividend. Get comfortable watching the numbers move. Enjoy getting a few cents of dividends now and again. Whenever you feel inclined to buy something non-essential, ask yourself «Would I rather have another share of something? I have to disagree as you can start small and go from there. There are plenty of stocks that trade at a price point to get your feet wet:. I started with 20 bucks too. I got 1k now. Start by buying something u use everyday in ur life.

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Join 1,’s who have already discovered smarter strategies for investing in Ethereum Learn from established eToro traders or copy their orders automatically. Please take a second to log in before you comment. I’ve turned off the anonymous commenting option.

I’m open and respectful with you, please be the same. Stay positive, trolls and spam comments will be automatically deleted. Labels Income Report. Comments Atom. Copyright Powered by Blogger. Reviews Johnny’s Travel Guides. People often say there’s no such thing as a free lunch, but there is and here’s how to take advantage of it. For those who aren’t familiar with the app, they’re a silicon valley startup and have been around since and are best known for their commission free stock trading.

But what’s the catch? How do they make money and why would they give you a free stock just for signing up? In this post I’m going to explain everything above as well as how you can and should take advantage of it.

I also talk about setting up automatic market limit buy and sell orders as well as how you can how invest in cryptocurrencies such as Bitcoin and Ethereum using the new Robinhood Crypto feature. Keep reading to see the case study of how I turned my free Robinhood stocks into pure profit. The big secret on how Robinhood and other companies that offer «free lunches» for signing up is simple.

Normally a company would need to spend money on advertising or pay an affiliate some type of commission for referring new signups. You can use my Robinhood referral link to get a free stock when making an account.

To calculate how much they can afford to give away, the company simply has to calculate the average lifetime value of the customer. For a free app that gives free trades, it’s a bit more difficult to figure out what the customer acquisition cost should be.

Robinhood makes money in two ways. The first is that it collects interest on the cash that you leave in your account untouched. A margin trade is basically buying more stock than you actually have cash for, increasing both your reward if the stock goes up, and your risk if the stock goes.

So there you have it, that’s how they can give away both free stocks and free trades. What I did next was sell all of the stocks from companies I don’t know anything about or believe in and trade them for an opportunity that I did. The number rule in investing is simple according to Warren Buffet. It’s «Never Lose Money. So even though I technically got all of the shares for free, I only sold the ones that were currently up and waited for the ones that were down to go back up which most do unless there’s a huge problem or the company itself is doing poorly.

I sold all of my shares of Zynga the makers of Farmville, Groupon the online coupon site, and Sirius XM the satellite radio station as I don’t use any of their services anymore and think they’re outdated and don’t have a bright future.

In turn, I bought something that was on sale, at a discount and because I truly believed in them even when others didn’t. But I knew that wouldn’t happen, and I knew that with panic people would sell, lose money and I’d be able to buy up stock of a great company at a huge discount.

My advice to everyone is to never invest in individual stocks unless you have inside knowledge. Instead, if you want to invest in the stock market, you should invest in low cost index funds such as Vanguard ETFs.

Below is a screen shot of my Charles Schwab account. Most of my Vanguard funds are invested directly with the company to avoid the trading fees, both are shown.

Even though it’s fun to turn nothing into something, and picking individual stocks can be exciting, it’s honestly not worth the time it takes or the gamble involved. I’d say, yes sure, make a free account at Robinhood and claim your free stock and if you happen to run into a fire sale on a stock that you know is worth more than it’s trading for, especially if there is mass market panic, then go for it.

Honestly even though I knew the stock would go up, I didn’t put more money into it because I really don’t like gambling with individual stocks. I’d rather use my time, energy and money to invest in myself and into businesses and suggest you do the. If you want to learn how to start a business, take the Dropshipping Course where I learned everything I know total about ecommerce.

I’m super curious what Andrew Left and Citron Research did with their shorted stocks and how much money they lost on it. The most annoying thing about it all is that if he got lucky and was somehow right, he’s be a stock picking genius. I hope blog posts like this show you what investing really is all about and the truth behind it all. Feel free to ask me anything below in the comments. Let me know what stocks you invest in and why. Business Unknown June 11, at PM.

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Unofficial subreddit for Robinhoodthe commission-free brokerage firm. Get started today! Download the award winning app for Android or mke. Guide for new investors. See also: sitewide rules and reddiquette. Source Why? Creator ignoreme deletthis. Here is a story for you to take with a grain of geddit. As I’m not going to post pictures. Not a single trade. My other story is, via ads and push notifications RH suckered me into a margin account.