Title: How To Get Free Stock With Robinhood_Panda Cash Back
1Robinhood App Review The Cost of Free Stock
Trading
2Robinhood App is the world first mobile app that
allow you users to trade stocks with no trade
commission (100 free) has been growing its user
base exponentially sine it launched in 2013, less
than 5 years ago, Robinhood app had valuation as
of last year of 1.3 billion dollar.
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4Now, it is important to share that stock trading
fees are not cheap, online trading companies
charge between 4.95 to 7.95 per trade. So being
able to trade with no fees, that is really a big
deal. You can buy penny stocks without paying
money to the middle guy. A cost of a penny stock
would be an actual penny.
5Robinhood, is a definitely a smart app, that was
created to cater for Millennials who wouldnt
bother investing in the stock market otherwise. I
installed the app on my phone being skeptical. I
havent invested in the stock market directly, I
believe stock markets are there to crash. Now, i
downloaded the app, it is free, it is legit, and
has no feel, but most importantly, it is user
friendly and easy to use. So, I figured I may as
well give it a go. I linked the app to my bank
account in couple of clicks , transferred 25
from my bank and I was ready to go. Started with
a 5 stock that was active, I bought and sold.
This like wow, by the end of the day I made 1.
Now, I am not expert, I was doing smart guessing
based on historical data (value of the stock over
time ). Now, because the app is so friendly, and
I got so excited, one thing lead to the other by
the end of the week, I was trading 300 on
various stocks. I traded so hard I have days
where I hit the maximum trading power. Now, as I
did that I got to learn the down side of the app.
6Now, as I look deeper on this app, I can tell you
for a fact, the free trading app come at a cost.
The cost come in the shape of less features
compare to other trading platform and here is
what it cost you to use the free trading app
7- Blind Trading This is the biggest down side of
the app. Trading platforms share with you the
volume of trading live time as well as what are
the coming buy and sell order asking price. As
trading grows on you, these insight help you do
better prediction of where the stock price is
heading (up or down). Robinhood, doesnt offer
that feature. - You cant Name Your price You heard that right,
you can name your price on a hotel room on
Priceline but not on the app, this is another
down side of the app, you will have to place the
order on the price as you see it. This is a
dangerous game, because by the time you done with
your few swipes to buy or sell, the price may
went sharply app or down, specially with swinging
stocks. Now, the app make it worse because when u
click on review, it can show you a price to buy,
by the time it is done, you end up with a
different price. - The App swings is always against users I am
pretty sure the app is manipulative to its own
leverage, so lets say the price of a stock is
4.99 of time you wanna buy, it goes app to 5.04
and down to 4.94 in few seconds, if you try to
buy it for 4.99, you will 99 of the time end up
with something above 5. The app play against
user in selling (you get the lower end). Now, if
you buying stock that you will keep that is not
bad, but if you trying to sell/buy same day, it
will not play in your favor.
8https//www.pandacashback.com/sa/index.php