How To Set Price Alerts On Robinhood

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Most Robinhood Tutorials Are for the App...

Someone on YouTube commented that a lot of the tutorials out there on how to apply Robinhood are only about the mobile version.

Allow'southward break down how to trade stocks and telephone call and put options from the desktop version of your Robinhood account.

If you don't have an account with Robinhood even so and want to get a Free stock, click here to use our link and go a free stock when yous open an account with them.

Getting Started

Start, login to your Robinhood business relationship at www.robinhood.com

Once y'all login, you will come across some basic data about your business relationship. On the left you will run across your trading power and on your right, yous will see your watchlist.

You lot volition also run across some stock-related news items as yous scroll down on your account homepage.

Trading Options

To find a particular stock, navigate to the search bar at the top of your account homepage.

Type in the ticker symbol of the stock you would like to await at / perchance trade.

For this example, let's use Tesla (TSLA).

You volition notice at the top how much TSLA is trading for, the nautical chart below it, and more information almost the company below that.

If you lot are canonical to merchandise options and are looking to trade options on this stock, you will click the push on the right "Trade TSLA Options". (Pictured to a higher place)

If you're unfamiliar with choice trading, click here for my podcast that explains more about it.

Call Options

Once y'all striking that button, you lot will be shown what'southward available for the choice trade. The first thing you will select is whether you are ownership or selling, and if you want a telephone call option or a put option.

Yous would chose a call option if you lot believe the stock is going to get higher.

Select your expiration date from the drop down menu.

Then you lot would wait at the strike price, which is how much yous would have the correct to buy or sell TSLA at, at the time of your expiration date. On the far correct of that aforementioned column, information technology will bear witness y'all the price of that option.

Suspension Even shows you the price the stock will need to be at on the expiration engagement in order for your to break fifty-fifty on your selection.

BUT you do not necessarily need to wait until the expiration appointment, your option can gain in value if the stock moves college more than quickly. Y'all could technically sell it early.

One time you select the choice you lot want, it volition evidence you lot the summary on the correct hand side. One time you review it, striking the greenish button "continue".

Information technology will enquire you how many contracts you want (remember 1 contract controls 100 shares).

Click "review" and and so place the order when you are ready.

Click here for my podcast to larn more than about how to merchandise call options.

Put Options

As yous can see, the features are nearly identical every bit information technology was for call options. Only in this instance, you believe the stock is going to fall, so you have selected a put choice.

You would select the strike toll, and meet the price of the selection.

The intermission fifty-fifty would testify you how much the stock needs to fall to in order to break even on how much you have spent ownership the option.

One time you select the price of the put choice you are selecting, it will inquire you how many contracts you would like to purchase on the right.

Again, y'all would hit "review" and keep with the trade.

Want to learn how to trade put options? Click here for my podcast.

Advanced Option Strategies

Robinhood also allows you to do advanced option strategies, if you are approved.

For example, if you wanted to do a Bull Call Spread, you would start select the call option you lot want to purchase on a particular stock. And then you would sell the out of the money phone call.

For more than advanced information on advanced option strategies, click here for my podcast.

To Sum Up...

I hope this was able to give yous an overview of how to employ the desktop version of Robinhood in lodge to trade options.

If you lot're gear up for the next level and to learn more than about option trading or even getting started in the stock market place, you got to check out my premium courses, coaching, and customs over at Power Trades University.

There are a ton of other brokerage accounts out in that location, and I have other tutorials on how to apply them. Click the links below for the free tutorials.

Source: https://thebrownreport.com/robinhood-desktop-tutorial/

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