Robinhood stock app

My buddy just turned me onto this. It’s a stock brokerage with free trading on NYSE. I always wanted to dabble in penny stocks. It seems pretty easy to use so far. I never got into stocks because of the fees. My buddies dad always traded futures and did stocks and told me a long time ago it was too expensive to try to do because buying and selling both had fees and if you didn’t have a few thousand to spend it would all be eaten up in fees if you did make anything. Anyway curious if anyone else uses or he heard of Robinhood. If you would like to try it signing up is free and we will both get a free stock if you deposit even a buck. I googled reviews and it is a legit brokerage. If you sign up use my promo code

https://share.robinhood.com/andrewr2748

Sorry if for some reason this isn’t allowed

I’ve been using it for a year now.love it just don’t break the day trading rules! Have about six stocks in this account

I accidentally made two day trades so far. Need to read more into rules on it

I’ve been using it for 2 years. No complaints, works well for me.

It seems like a cheap way to get your feet wet. If you want to tackle it yourself

So what do you do on penny stocks? Take a million pennies and start placing them on stocks and hope you make more pennies?

Interesting

I have been using it since January, on recommendation of a fellow trapperman. I can't remember who it was. I have been happy with it so far. Never could do it before with other brokerages because the fees made investing small amounts cost prohibitive. Now I put in 40 or 50 dollars a month and a little more when I have some extra. Basically just playing and using it as a way to save money for a new truck a few years down the road.

So far I have invested 30-40 a week. Mostly in small biotechs. Nvax,Curis,nspr. I’m not an expert and none of them are meant to be advice. Just ones I studied and think will do well. Like said above without robinhood it’s pretty cost prohibitive to invest so little. If anyone decides to try it out I’d appreciate using my link we will both get a free stock. Could be Apple even. But generally it’s valued somewhere between 3-10. I got sprint when I signed up and when my friend signed up we both got zynga. The Facebook game maker.

I started in 2009 with Scottrade, which is now TDAmeritrade. Each trade is 6.95. I bought my first stocks through Edward Jones but quickly switched to ST because of the 2.5% EJ charged to invest and on the profits.

I don't trade much; just mostly buy good companies that pay a decent dividend and let it ride.
I recently had to transfer a fairly large sum into and IRA and put it in a TDAmeritrade account but prices seem so high right now that I've only invested about 1/3 of it.

My investments allowed me to retire a few years early. I only wish I had started doing it when I first started working. My sons started investing when they turned 12 and they look at money in a much more mature way than I did 'til after I graduated college.

If you work and don't put any money in a ROTH ira, you really should look into it. It allows your money to grow interest-free and you can take out the money you put into your account after five years and let the profits continue to make tax-free money.

I’ll look into a Roth IRA. I have friends who have them. Like most. I wish I would have invested earlier in my future

A penny stock is any stock that trades under 5 dollars. To stay on the NYSE which is what robinhood trades a stock has to trade above a dollar. Unless they make an agreement to get to a dollar in a certain time span.

Sorry don’t know how to do quotes. That was in response to question above about oennycstocks

This dude brakes down the app pretty good...

https://youtu.be/kpxfLizz6Pc

*(M1 !!!)*
,.,.

He does break it down well. It’s great to get in and learn cheap. It’s not for most normal people to say trade. You have to have stock and cash balance of 25k. But to just control your own stocks for free it’s a great little app. For real though anyone who hasn’t tried it and wants to use my referral code above. Even if you deposit a dollar we will both get a free stock that averages 10 bucks. You could get an Apple stock.

Where else can you test a trading strategy with no cost on the trade? Want to try option trading guess what robinhood lets you trade options also.I’ve been trying different swing trade strategies,heck you can try it with one share I flipped rite aid like 10 times so far I have 175 shares which are fully paid for from the swing trades.I thought heck I’ll play around since there’s no commission I stared with 40 bucks and have at the end of today 725.00 since a year ago August 16 th.Ive lost on some for sure but the winners are beating the losers at this point haha.

I have about $1000 each month I could throw around. I’ve been thinking about getting into stocks, but have no clue how it works. I’m gonna check this out.

1000 bucks a month is a healthy chunk of change. With that personally and I’m not a broker or expert. I’d invest in low risk stuff thst is steadily rising. Apple,amazon that kind of stiff