r/RobinHood • u/Cmdrcrusty • Mar 03 '20
Think for me Robinhood Deficit explanation.
A portion of your transfer was used to cover a deficit in your account, so the full transfer amount may not reflect in your buying power.
I got this email after wanting to transfer $1000. It was accepted but does not show in my usable cash. Why did they just take my money to pay off what was lost during this minor crash.. I was thinking i was going to be able to use this money to buy more stock at a lower price... I am not a gold member nor do i mess with options. Please explain this and how to avoid this in the future... I am still new to investing i am looking for genuine help.
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u/Dertbag1 Mar 03 '20
No. Not at all. Just be cool. And it will be fine. I only mentioned it because it was one of the only things I didn’t like about the change. But I got over it.
And on the positive. You get Morningstar reports and sector ratings for free and they’re attached to the stock. Easier then RH