Showing posts with label RobinHood. Show all posts
Showing posts with label RobinHood. Show all posts

Monday, February 29, 2016

First Order Submitted with RobinHood app

Tonight before bed I placed my first stock order with RobinHood. 

Markets are closed (it's 2am MST) and the app did NOT give me an option to buy during extended hours. 

I put in a Limit Buy order for UWTI at $1.45 per share. (China's market has dropped gain so hopefully oil continues dropping.)

The Last Day's closing price was $1.65 and in the premarket it's down to $1.58. I think with fluctuations in the morning it will dip below $1.50 and hopefully I can get it at $1.45 "or better". 

Since RobinHood does not charge per trade fees (commissions) I could have put half of my planned purchase at one price and waited for the other half to watch it during the day for the potential to keep my average price as low as possible. 

I could have also split my UWTI investment into two Limit Buy orders at different prices to protect myself from a significant price plunge. 


Friday, February 26, 2016

RobinHood Instant Queue

Update (3/2/16) 5:55pm MST
RobinHood must have just released some invitations to the instant feature in the last two days because I moved up in line from about ~700 to 365 out 151,254. My earlier position in line was from two successful invitations and I have not had any more completed referrals yet.

When I signed up for RobinHood instant, I was 125,152 out of 125,151 in line only two days after the invitations became available. This was about 11am on 2/25/16.

As of 2:20am on 2/26/16, I am 125,180 out of 128,933 in line. 

I invited two people two join, whose applications are both pending, and they should be approved today, so I will check again to see how far two completed invites have pushed me up the queue.