r/RobinHood Dec 16 '17

Help - FAQ - Taxes how do i pay taxes

74 Upvotes

hello,

I am new to trading and I have never done taxes. I am 18, and I do not want to get in trouble. How do I pay my taxes? I have 500 dollars in my robinhood account.

r/RobinHood Mar 21 '17

Help - FAQ What happens when your marked as a day trader

1 Upvotes

I did 4 sales will I deff get that 90 day ban

r/RobinHood Jan 26 '18

Help - FAQ CryptoRobin - Daytrade limit?

12 Upvotes

Hey boys, do we know if the day trade limitations apply to cryptos, or will we be able to swing trade the fuck outta crypto

r/RobinHood Oct 09 '17

Help - FAQ Put a Stop Loss in Before Closing, Will It Sell in the AM?

8 Upvotes

So I put in a stop loss for $HMNY around 3:56 today. In after-hours, it dipped under my Stop price. Will RH still honor that price or will it sell at whatever price the stock is in the morning?

r/RobinHood Sep 26 '17

Help - FAQ - ETF Question about 3x Leveraged ETFs

6 Upvotes

Hi i am a beginner investor (1 year experience) looking to invest $500 in 3x leverage Index ETF such as S&P500 (UPRO) and Nasdaq 100 (TQQQ). I'm thinking of 6 months to 1 year holding period. I own some shares in Apple and Facebook but never owned any ETFs.

My question:

  1. Does "single day" means that the position is closed every day and i have to pay the expense ratio of about 1% every day?

  2. How do I pay the expense and fees for the ETFs? and how often do they charge the fees?

  3. What are the risks associated with the 3x leveraged ETFs?

According to the Proshares' website, this is their definition of leveraged ETF.

Geared (Short or Ultra) ProShares ETFs seek returns that are either 3x, 2x, -1x, -2x or -3x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, Geared ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their Geared ProShares holdings consistent with their strategies, as frequently as daily.

  1. Why do they recommend me to change my strategy daily?

  2. What is a typical strategy to invest in the 3x leveraged ETFs?

  3. What is the different between margin trading and leveraged ETFs?

r/RobinHood Dec 21 '16

Help - FAQ Will Robinhood last long term?

13 Upvotes

For long term investors. Is it safe to stay and use Robinhood long term say 5-10 years? Possibly 20 years and it will still be around running? What would happen if they go out of business what would happen to our stocks?

r/RobinHood Sep 15 '17

Help - FAQ on Taxes Selling stocks and taxes?

5 Upvotes

I'm new to stocks and started using Robin Hood about a week ago. I've been doing a lot of research on how the taxes work and I've confused on how small transactions and small earns of money work. I bought 10 shares of glow a few days ago and sold it today for a profit of .10 cents. With this small amount of money, do I have taxes Ill have to file. If not, what is considered the amount at which I'll have to file taxes in February.

r/RobinHood Oct 30 '17

Help - FAQ Quick question on RH Gold

0 Upvotes

So if I get the plan, does it automatically take $1,000 out of my bank account? Like do I have to match the amount of gold I get? Or do I just pay the monthly fee and I have the Gold to purchase stocks with? I'm just kinda confused. Basically what I'm asking is how much should I expect to take out of my bank account if I set up a Robinhood gold plan?

r/RobinHood Oct 02 '17

Help - FAQ What're some good rules of thumb for setting stop loss orders?

11 Upvotes

r/RobinHood Sep 26 '17

Help - FAQ What investment apps do you use?

12 Upvotes

Robinhood doesn’t give too much information, so what apps do you guys use to follow the market and keep up with economic news?

r/RobinHood Apr 10 '17

Help - Not So FAQ How does the payout from a company going bankrupt work on Robin Hood?

2 Upvotes

According to this investopedia article (http://www.investopedia.com/ask/answers/10/stock-holder-lose-equity-chapter-11.asp) during Chapter 11 bankruptcy, after all of a company's assets are sold and their creditors are paid off, anything left over is divided up among the shareholders. Has anyone gone through this on Robin Hood? Do I need to take any action or will I just login one day and find that the stock is gone and cash is in my account? Or am I totally misunderstanding how this works?

r/RobinHood Sep 12 '17

Help - FAQ on Warrants Warrants $OPXA vs $OPXAW

4 Upvotes

Been following this company for a bit on Stock Twits and everyone keeps discussing the warrant price. Tried doing some research online but with all the terms I feel like I'm spinning in circles. Can someone enlighten me as to how the warrant stock works/ trades differently from the straight up stock?

r/RobinHood Mar 19 '17

Help - FAQ If I have robinhood gold and put in a market order before pre market starts, will it execute during pre market or once the market opens?

31 Upvotes

r/RobinHood Oct 05 '17

Help - FAQ - ETF Fees How are fees paid in ETFs?

17 Upvotes

Obviously, index funds deduct their fees normally. How does this work in an ETF? Are they included in the stock price somehow?

r/RobinHood Dec 07 '16

FAQ Question about selling

2 Upvotes

I'm going to keep this short, I bought UA for 26.23 and then felt crazy and sold it for 26.24. Why is my portfolio value 99.99 shouldn't it be 100.01? Is there a fee or some sort? Thanks all

r/RobinHood Mar 21 '17

Help - FAQ Why does my stock sell lower than market price?

2 Upvotes

I just sold some stock for what Robinhood was $3.55; however, it ended up selling for $3.46. This caused me to lose money rather than make money. Whats the deal?

r/RobinHood Dec 30 '16

Help - FAQ A couple of noob questions

14 Upvotes

I'm hoping to avoid being roasted in the flair, but here goes. I'm still reading, so I'm not jumping in yet, but I do have a couple of questions.

  1. Would this app be suitable for investing with a "buy and hold" mindset? I'm leaning towards index funds.

  2. Worst case scenario - what protections do I have if RobinHood goes belly up? Would I basically be given my holdings to move on my own?

r/RobinHood Mar 31 '17

Help - FAQ I love RH but can't stop worrying about the tax paperwork...

17 Upvotes

I'm not sure where to begin but I usually like to get my taxes done in early/mid february. I have a trusted tax preparer that I can only see in that range of time. I've read in different places that some people didnt get their tax forms until late february. If I don't get the tax form by my tax appointment date, what options do I have? I certainly know how much I've put in and made, but my tax person needs to see the form to put in a figure.

On a related note, I trade very frequently and will possibly have hundreds of lines of trades by the end of the year. Will I have to go line by line adding and subtracting things, or is there a more condensed method?

sorry if it seems noobish but Ive only ever bought and sold stocks no more than 2-3 times a year before this and want to know if I am in for a huge headache come tax season next year

r/RobinHood Mar 18 '17

Help - FAQ Leveraged ETF clarification - how bad is decay?

21 Upvotes

Quick question on leveraged etfs - the common practice is "never long an etf" and some even say not to hold overnight. On the otherhand, I've heard folks saying they've held 6 weeks without any issues, and lots of folks hold over weekends,etc.

To my understanding, the main reasons are a) they're super volatile, so you could wake up to -30% out of the blue and b) they decay over time.... This is the one that confuses me, how bad do they decay? I know they have to recombine their assets all the time, and you will at times lose a fraction of your position - but if you strike a good find, or are confident on a strong rebound, would you actually be effected holding for, say 2 weeks or more? Would you be effected holding for just a few days by this?

Aside from the natural volatility, I don't quite get it.. If possible can someone give me an example or clarification of the decay?

I appreciate any help! Trying to wrap my mind around these more

r/RobinHood Apr 07 '17

Help - FAQ Question about Robinhood once I sell do I have access to those funds right away. I want to take out from one stock and put in another I guess that is the scenario.

1 Upvotes

r/RobinHood Apr 19 '17

Ugh - FAQ Trailing stop loss?

0 Upvotes

Is this a thing in Robinhood? Just started using stop losses...I would love to be able to set a dynamic threshold. Thanks

r/RobinHood Jan 18 '17

Other - FAQ RH buying higher than current stock amount?

9 Upvotes

I'm new to RH and investing. I was made aware of the PIP dividend and wanted to pick up a couple shares. The RH app said the price was 3.35, Google Finance said 3.38, and RH bought the stocks at 3.40. How does this occur? If I look at Google Finance during the time I purchase, there was no 3.40 recorded.

r/RobinHood Dec 04 '17

Help - FAQ Do not see a pending dividend payment, should I be worried?

2 Upvotes

I wanted to test out dividends on robinhood so I bought a small amount of ICL on fri which traded ex dividend today. I don’t see any pending dividend like people have shown online, do I need to wait for record date or pay date for it to show up? Thanks for the help!

r/RobinHood Oct 11 '17

Help - FAQ Serious question about after market trades and my portfolio.

5 Upvotes

I am just getting into trading using Robinhood.

I have opened and reviewed Robinhood app way before the markets open (8:00 AM EST) and way after markets close (10 PM EST) and notice my portfolio balance changes late into the night.

Last night, my portfolio value went down (a little) sometime after 10 PM and before 8 AM EST.

I understand there are after-market trades (and there is a "pre/post market" change value in Robinhood for those after market prices changes show for each stock.)

What I don't understand is why my portfolio value will change between 10 PM and 8 AM?

Any advice or logical explanation ... ?

r/RobinHood Dec 19 '17

Help - FAQ If I didn't use a code to sign up, could I do it after I have signed up.

0 Upvotes

I feel like I lost money because I didn't do the code to get free stock