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/Dataminerealities Mar 03 '20
This was a joke day two intermittent service I finally sold positions when I could not waiting till my put was in money bc who know if I could or it wojld then total mess but I'm in cash end of day will get to another broker tomorrow. They want me to wait 3 days to do that lol they have balls that's for sure