why can't i buy more stock on robinhood

by Jamison Swift V Published 3 years ago Updated 2 years ago

There are a few reasons why you may be missing the buy or sell button on a stock's Detail page: It's a foreign stock, which we don't support. For guidelines on eligible stocks, check out Assets Available on Robinhood. It's an over-the-counter (OTC) stock or a warrant, which Robinhood generally doesn't support.

Should you buy Robinhood stock when it IPOs?

Sep 30, 2021 · Robinhood 's ( HOOD -0.07% ) popular trading app has done quite a bit to democratize investing, such as pioneering the concept of zero-commission trading several years before most brokers adopted ...

Is Robinhood stock worth buying?

For more information, please see FINRA’s Investor Alert and Robinhood Financial’s Customer Relationship Summary, Margin Disclosure Statement, and Margin Agreement. These disclosures contain important information on Robinhood Financial’s products and services, conflicts of interests, lending policies, interest charges, and the risks ...

Why is everyone talking about Robinhood stock?

Jan 29, 2021 · In a blog post, Robinhood attempted to justify the decision to halt and then limit trading, but, like the limited stocks, users aren’t buying it. The app was review-bombed on Thursday, with many ...

How to invest on Robinhood?

Jul 26, 2021 · Here are three reason I would not buy HOOD’s shares when they begin trading: Risk of regulatory crackdown on its revenue sources Big …

Why can I not buy more shares on Robinhood?

If a stock that you own delists, you'll be able to sell it in the market, but you won't be able to purchase additional shares. Once a stock delists, the in-app market data will no longer reflect the current trading price.

Why isn't my limit buying on Robinhood?

Limited Volume. Your order won't be filled if there aren't enough shares available at the specified price or number. This occurs most frequently with large orders placed on low-volume securities. Keep in mind that there must be a buyer and seller on both sides of the trade for an order to execute.

How do you buy more of a stock on Robinhood?

How to buy a stock

Navigate to the stock's detail page. ...
At the bottom of the page, tap Trade and then Buy or just Buy, which will appear by default if you don't currently own the stock.
Enter the dollar amount you would like to purchase. ...
Review your order and confirm that all the details are correct.

More items...

Why is Robinhood not letting me buy stock?

There are a few reasons why you may not be able to place a buy order: You don't have enough buying power to place the trade. Cryptocurrencies are non-marginable and can't count as collateral, so you'll need to have enough cash in your account to place the order.

Why won't my limit buy go through?

A buy limit order won't get filled if the price of the underlying asset jumps above the order's stated price. This is because the limit price is the maximum amount the investor is willing to pay. In the case of a gap, that price would now be below the market price.

Why did my limit order not execute?

A buy limit order will not execute if the ask price remains above the specified buy limit price. A buy limit order protects investors during a period of unexpected volatility in the market. A market order prioritizes speed of sale, above the price of the security.

Can you buy less than 1 stock?

A fractional share is when you own less than one whole share of a company. Fractional shares allow you to purchase stocks based on the dollar amount you want to invest, so you may end up with a fraction of a share, a whole share, or more than one share.

Can you buy more shares of the same stock on Robinhood?

Robinhood customers can only buy one share and up to five options contracts of GameStop; however, if a customer already owns one or more share of GameStop, they are not able to buy any more shares. Robinhood's restrictions could take the wind out of point-and-click traders trying to jack up the price of GameStop.Jan 29, 2021

Can you buy any stock on Robinhood?

You can invest in over 5,000 stocks with Robinhood Financial, including most U.S. equities and exchange-traded funds (ETFs) listed on U.S. exchanges. We're also excited to offer options trading and access to over 650 global stocks through American Depositary Receipts (ADRs).

Can Robinhood take your money?

Robinhood will never directly steal money from your account as it would be a fruitless and counter-productive endeavor for them as a company. Since Robinhood is a mobile-based trading platform, the company has taken extensive measures to protect its users and keep their money safe.

What happens if you make 4 day trades on Robinhood?

If you place your fourth day trade in the 5 day window, your brokerage account will be marked for pattern day trading for 90 calendar days. This means you won't be able to place any day trades for 90 days unless you bring your portfolio value (minus any cryptocurrency positions) above $25,000.

How many times can I trade on Robinhood?

You just can't buy and sell a stock or options contract in a single day more than three times over the course of five business days. This isn't just a Robinhood. This applies to traders using any brokerage firm.Apr 18, 2022

Why is Robinhood not supporting foreign stocks?

First and foremost, Robinhood only trades U.S. stock, so any and all foreign securities will be unsupported within the app as a rule.

Does Robinhood restrict transactions?

In light of the WallStreetBets controversy, Robinhood started restricting transactions of certain stocks. Currently, Robinhood is attempting to navigate the fallout from the still ongoing WallStreetBets controversy and has elected to restrict transactions for securities such as GameStop (NYSE: GME) and AMC Entertainment (AMC).

Is stock unsupported?

Stocks are also unsupported during corporate actions such as mergers and stock splits. If you’re trying to trade stock on the platform and notice it’s not supported, a quick internet search should give you some insight into what’s going on. Article continues below advertisement.

Is Robinhood a hypocrisy?

People have started to call out Robinhood’s perceived hypocrisy. Indeed, the restrictions are definitely more of a Sherriff of Nottingham move for a platform that was ostensibly created with the intention of granting everyone equal access to trading. There has even already been talk of pursuing legal action against Robinhood as a result of the restrictions. It’ll certainly be interesting to see how everything shakes out. In the meantime, we’ll be doing a lot of watching and waiting.

How many states does Curaleaf operate in?

While Canopy can only hope to enter the lucrative U.S. market, Curaleaf already operates in 23 states. It runs 95 dispensaries, 22 cultivation sites, and more than 30 processing facilities. Growth shouldn't be a problem at all for Curaleaf.

Where is Trulieve located?

You could accurately describe Trulieve as the 800-pound gorilla of the large medical cannabis market in Florida. Sixty-three of the company's 65 stores are in the Sunshine State, where it commands a 50% market share. However, Trulieve is also expanding into other markets. It now has operations in California, Massachusetts, and Connecticut. With its strong financial position, the company seems likely to continue moving into new markets in the future.

Is Trulieve Cannabis profitable?

Trulieve Cannabis ( OTC:TCNNF) claims a key advantage over all of the stocks mentioned so far: It's already profitable. The U.S. cannabis operator has delivered positive and growing adjusted EBITDA in 10 consecutive quarters.

Can Robinhood buy Curaleaf?

Robinhood investors can buy Canopy but can't buy Curaleaf. That's a shame because Curaleaf appears to be a better pick on nearly every front.

Can I buy stocks on Robinhood?

What's the deal? Robinhood doesn't allow buying and selling many stocks that trade over the counter (i.e., not on a centralized stock exchange like Nasdaq and the New York Stock Exchange.) Granted, there are a few OTC stocks you can buy on Robinhood, but the company has cherry-picked the ones that it allows.

Where is Green Thumb located?

The company recently opened its 49th retail cannabis store nationwide in Pennsylvania, which claims a fast-growing medical cannabis market.

Is Green Thumb profitable?

Like Curaleaf, Green Thumb already consistently delivers positive EBITDA and is on track to be profitable next year. Like Canopy, Aurora doesn't. Green Thumb's revenue soared nearly 168% year over year in Q2 to $119.6 million, only a smidgeon behind Curleaf's revenue total. Aurora's latest quarterly revenue declined both from the prior-year period and the previous quarter to CA$72.1 million (around US$55 million).

Does Robinhood have limited stock?

Robinhood only wants users to have a limited number of shares of companies like GameStop, and that number keeps getting smaller and smaller. On Thursday, the company halted users’ ability to buy stocks that were associated with r/WallStreetBets, including GameStop, AMC, and Nokia, but the company promised that users would be able to buy limited quantities on Friday. Today, it released a shifting support document that details just how limited things are — and to slightly paraphrase Lando, the deal’s getting worse all the time.

Is GameStop a Wall Street bet?

While GameStop is the most (in)famous of the Wall Street bets, it’ s not the only one, and Robinhood has been expanding the list of which companies are limited throughout the day. One of the stocks added is AMD, which is currently limited to just a single stock as well.

Can you buy more than one GameStop stock?

Soon, the number of shares you could buy in GME dropped to two and then finally down to a single share. That’s right: you couldn’t buy more than one.

Can Robinhood sell out?

If you buy an option, Robinhood could also theoretically sell it out from under you under certain conditions, something it’s warned it would do.

Does Robinhood allow you to buy options?

Robinhood is also limiting the options contracts you can get for certain companies. To put it extraordinarily simply: buying an options contract doesn’t mean that you actually own the stock. It allows the owner of the contract to buy or sell the stock later on at an agreed-upon price.

Which companies can you buy more than 5 shares of?

Included in the update are Starbucks, Beyond Meat, and General Motors. There are no longer any companies on the list that you can buy more than five shares for.

Is Robinhood monitoring the situation?

A Robinhood spokesperson pointed The Verge to the aforementioned blog post, saying that the company has been clear with customers that it would be monitoring the situation and making adjustments “as needed,” and that the limits have been labeled as subject to change.

Why did Robinhood withdraw from its bank account?

However, it has suffered some setbacks. According to Barron’s it withdrew a plan to offer checking and savings accounts in 2018 after “misleading marketing and a lack of insurance.” Robinhood also failed to obtain a UK bank charter.

How much revenue does Robinhood have in 2020?

Robinhood enjoyed rapid growth in the number of accounts and in revenue. In the first quarter, accounts grew 150% to 7.2 million and revenue for 2020 was up a whopping 796% to $959 million, according to its S-1.

What are the biggest concerns about Robinhood?

One of the biggest concerns I would have about investing in Robinhood is the huge gap between its values and its actions. More specifically, the first of its corporate values is “safety first.”

How much of Citadel's revenue comes from payment for order flow?

How so? 81% of its revenues come from payment for order flow — “routing customers’ trades to trading firms [— including Citadel Securities that accounted for 34% of its 2020 revenue, according to its S-1] — that execute the trades and profit off the spread between the bid and the ask,” wrote Barron’s.

Does Robinhood grow faster than investors expect?

If Robinhood can find new sources of growth that don’t raise regulatory hackles, perhaps it can keep growing faster than investors expect.

Is Robinhood a business model?

Given its business model, I think Robinhood is not really living up to the idea implied by naming itself after someone who steals from the rich and gives to the poor. After all, its business depends on revenue from allowing market makers to profit from its users’ trades.

When was TechCrunch Disrupt NY 2016?

TechCrunch Disrupt NY 2016 at Brooklyn Cruise Terminal on May 10, 2016 in New York City. (Photo by Noam Galai/Getty Images for TechCrunch)

What is Robinhood cash?

Anyone who signs up for a Robinhood account starts here. This is a margin account, which means that investors will have instant access to deposits they make. This allows folks to start investing right away.

What is the pattern day trading rule?

Robinhood employs certain rules to protect investors. And one of them is the pattern day trading (PDT) rule. This rule dictates that a Robinhood user cannot place three day trades within a five-day period.

How long is Robinhood locked?

Robinhood reserves the right to lock the account of PDT users for up to 90 days. This results in the user not being able to buy or sell any stocks or options for the full 90-day probation period.

How many users does Robinhood have?

And they are an active bunch. An estimated 50% of users who have made a trade use the app daily. And 90% of users open Robinhood at least weekly.

How many times can you buy and sell stock on Robinhood?

You just can’t buy and sell a stock or options contract in a single day more than three times over the course of five business days. This isn’t just a Robinhood rule either. This applies to traders using any brokerage firm. But with day traders on Robinhood, there are exceptions….

How long does it take to day trade on Robinhood?

You won’t suddenly be off the hook to day trade as you please just because it says you have $25,001 to invest. You’ll have to wait until the money clears and you’re not topped off with the margin offered by Robinhood. And this can take up to five days.

How long does a day trader have to be a pattern trader?

This designation lasts for 90 days. And this results in not being able to make any day trades for that period of time.

General question for a beginner

I’m new to stocks/Robinhood and had a general question: for regular stocks, not options, is it possible to lose more than what I invest? ex: I invest 30$ in Tesla but the stock dramatically falls, I understand my buying power, or the 30$ I invested might drop to 20$ but will I have a negative balance or have to owe anything at all? Is this possible for regular stock buying? Thanks.

Options question, because really confused

Hypothetically I want to buy a January first call option for a stock (xyz) to reach $170 however according to Robinhood’s little indicator, it says my break even price would be at $174 , can someone explain to me why the break even price is higher than the call of $170? I still don’t understand that aspect of options. Thanks!

How many breakeven points are there in a calendar spread?

In theory, a calendar spread has two breakeven points. One is higher and the other is lower than the strike price. But there’s no simple way of calculating them, because the breakeven points depend on various factors such as the options’ strike price, the stock price at the short put’s expiration, and the level of volatility. Since breakeven points in calendar spreads are pretty difficult to calculate, it’s important to analyze your trades before placing this type of order.

How long can you close a credit spread on Robinhood?

In general, you can close a spread up until 4:00 pm ET on its expiration date on Robinhood.

What is calendar spread?

A calendar spread is an options trading strategy in which you open a short position and a long position on the same underlying stock at the same strike price, but with different expiration dates. It is often referred to as a horizontal spread because the only difference between the two contracts is their expiration dates.

What happens if the stock price is below the long put strike price?

If the stock price is below the long put strike price, a trader may realize their maximum potential loss. In this scenario, the long put should be exercised and the short put would likely be assigned. Meanwhile, both call options should expire worthless.

What is put credit spread?

A put credit spread is an options trading strategy you might use when you think a stock price will hold relatively steady or rise before a certain date (i.e., you have a neutral to bullish outlook). It comes with a risk of limited losses and the potential for limited profit. The strategy involves one short put and one long put on the same underlying stock.

Why do calendar spreads benefit from time decay?

Generally, buyers of calendar spreads benefit from time decay if the underlying stock price stays close to the strike price, assuming all else remains equal. That’s because the near-term option is more sensitive to time decay (meaning it loses value faster as time passes) than the long-term option. Even if the near-term option expires worthless, the long-term option should still have some value since there’s time remaining before its expiration.

Can you sell a put before the option expires?

Only selling a put is another choice if you have a relatively bullish to neutral outlook on a stock — You may think the price of the underlying stock will climb in the future, or at least not fall below the strike price before the option expires. If the stock closes above the strike price on the expiration date, the option expires worthless, allowing you to keep the premium as profit.