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After hours trading (Another robinhood thread)

2,977 Views | 19 Replies | Last: 5 yr ago by kylewhitener
johnson2012
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AG
...added on to robinhood free. No longer just for gold subscribers. Just saw their blog post, but haven't read through the details yet. I believe the news hours are 9-6 eastern.
leoj
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AG
Man, that's going to add some volatility if average people start freaking out positively or negatively based on earnings.
Fightin_Aggie
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AG
Is robinhood an investment account service like Fidelity or Schwab? I have seen it mentioned a few times but I am not sure what it is.
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jtmoney03
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AG
Fightin_Aggie said:

Is robinhood an investment account service like Fidelity or Schwab? I have seen it mentioned a few times but I am not sure what it is.

It is a brokerage firm that is entirely online. It is not as versatile as the big platforms, but they have access to options and crypto now as well. The biggest draw is free trades, there are no commissions on anything. Fund your account, and start buying stocks. No minimums either.

If you'd like to join, you can do so at this link and we each get a free share of a stock. Some have gotten some decent ones. I've unfortunately only gotten some smaller ones like CHK and S. But hey, free money!

http://share.robinhood.com/jamesa57
Whitetail
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AG
How do they make money?
Guitarsoup
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AG
Whitetail said:

How do they make money?


https://www.fool.com/investing/2018/03/19/how-does-robinhood-make-money.aspx
jtmoney03
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AG
They make money in a couple of different ways. Mainly the interest your money is earning while not in play in the market. They also have a gold service that they charge varying amounts for, which allows you to buy stock on margin at different tiers. It also use to give you the 30 mins pre and 2 hour after hour trading windows, but they made that available to all customers last week.

The last way is that they send trades out to market makers, since they are more well equipped to make the moves. In turn, they pay Robinhood a fee to be able to process those transactions. (Didn't know this one, had to look it up)

Robinhood is banking on customers who like to trade a lot. The more volume, the better for them. They are not interested in slow plays, which is why they don't offer things like mutual funds. So there likely aren't a lot of customers with 100s of thousands to play with, but it's likely safe to say there are plenty of 10s of thousands on there. Really can't go wrong with them. Free is free!

And please do think about using the link above if you sign up, as it is mutually beneficial to both of us
jtmoney03
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AG
Thank you to whoever used my link today. Another share of CHK...lol! Hope you got a good one! Keep them coming!
Guitarsoup
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AG
How do they make money? Volume.

Watch this

https://www.nbc.com/saturday-night-live/video/first-citywide-change-bank/n9701
59 South
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AG
I also just used your link and got an account setup yesterday. How long should I expect it to take to get my share? The inter webs say they're backed up and it takes a week or so....
jtmoney03
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AG
Thanks!!

From the others who have used my referral link, it looks like about three days. I've gotten one same day, but that was unusual. And then when you get the share, you can't do anything with it for another three days, but that's no big deal. I think that is generally how long it takes them to do the test debit from your bank and fund it for the first time, too. So three is the magic number for them.

Another thing...I think anything under $1000, is immediately available to trade once you are up and running. So if you see a stock you like and your capital is already tied up, just initiate the bank transfer and then it's available right then and there.
jswags
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AG
I used your link this morning and already received the CHK share.
jtmoney03
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AG
Thanks!!

I just checked and got a share of GRPN.
bevokilla
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AG
It was me and I got Groupon.
J_Landes89
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AG
OMG use my link too! Spread the free shares' wealth you guys!

https://share.robinhood.com/johnl2175

But seriously, Robinhood has been a game changer for me (new investor)
apoglo12
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AG
Love Robinhood!

http://share.robinhood.com/brianc213
jtmoney03
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AG
Find your own thread for referrals!!!!

I kid! Spread the wealth! But if you effers get something like Microsoft or the like, I'm gonna be pissed!
JMac03
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AG
jtmoney03 said:

Fightin_Aggie said:

Is robinhood an investment account service like Fidelity or Schwab? I have seen it mentioned a few times but I am not sure what it is.

It is a brokerage firm that is entirely online. It is not as versatile as the big platforms, but they have access to options and crypto now as well. The biggest draw is free trades, there are no commissions on anything. Fund your account, and start buying stocks. No minimums either.

If you'd like to join, you can do so at this link and we each get a free share of a stock. Some have gotten some decent ones. I've unfortunately only gotten some smaller ones like CHK and S. But hey, free money!

http://share.robinhood.com/jamesa57

So I signed up for Robinhood last week using your link. I just got around today to "verifying" my account. So will the stock show up a few days from now or should I have already seen it?
TexasAg2017
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AG
If we're posting referral links, here is mine: https://share.robinhood.com/jacobb3332
jtmoney03
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AG
Should show up pretty quick, but usually within three days. There have been a couple on here that used my link and I've gotten those shares at varying times. It may go through a clearing process tonight and show up in the morning.
kylewhitener
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Signed up yesterday using one of your links. Free share was AKS ($3.75).

Here's mine:
https://share.robinhood.com/kylew2140
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