How To Stop Loss Robinhood. I know that i want vti or voo also. Robinhood financial llc is a member of sipc, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).
And if you’re really intent of not letting a stock dip below a certain price, you can set up robinhood to automatically sell it (“stop loss” order) before it gets to that point. You also don’t want to receive less than $8.05 per share of meow, so you set a limit price at $8.05. He writes really good and highly informative articles about different topics of.
Your stop price will start at $115.50, which is 5% higher than the current price of meow.
Currently i’m using three apps to research stock history and prices: I got annihilated today by a stock i knew was going to tank, but i could not sell it because my account would get locked for pattern day trading if i did. If meow reverses itself and starts to drop below the stop price of $16.50 it becomes a sell market order. Your goal is to make at least $5 per share if the price were to drop.