I originally started casually trading on Robinhood, but have recently rolled over my Roth IRA open the checking and savings and got the gold credit card?? the interface is amazing and intuitive. There’s 3% catch back on all purchases with the credit card and there’s 3% matching for Roth Ira not to mention a 3% high-yield APY for the savings?? Just trying to understand it before everyone comes responding like a dick thanks
Absolutely speechless at a Robinhood issue I came across yesterday at close. At 8:47 I bought 2 7,425 calls for $2.00 ($400) and when I tried to close them for a bid nearer close at $2.50 ($500) I got a pattern day trading warning show up when I went to sell and it didn’t let me close them. I then tried clicking to change my account to margin to remove this error and it took ages to load and didn’t let me enable this setting so I couldn’t sell these contracts. At 1 minute before close, these contracts diminished to 0.01 a contract from theta and I lost all the position value. Second to this, I was holding POET puts until expiration ($18 puts that got auto filled at $1.22/ contract with 4 contracts = $488). I was planning to hold until close and had no sell order in but at 8:30 it automatically filled at a price that Robinhood chose, not my own sell. Why has this happened and how do I get compensation for these platform errors. Those options expired deep in the money with POET closing at $15.90 where my contracts were $2.22 per contacts ($888) so I missed out on a 100% gain. Any suggestions? This is a complete Robinhood fault and I can’t believe this even happened. Evidence below.
I been using Robinhood pretty much since they launched in the UK and I'm still surprised that you cannot do something simple as setting up a recurring payment. The rollout of new services and functionality is actually alot slower then I imagined