Robinhood recently launched its Stock Lending program to users. So, what is stock lending, and is it right for you? Read on to get the scoop. Share lending is nothing new- in fact it's been around as long as short sellers have needed to borrow shares to take short positions. Before Robinhood launched this program,… Continue reading Robinhood’s New Stock Lending Program
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How to Change Your Robinhood Instant Account to a Cash Account
If you are using Robinhood as your trading platform, you have a "Robinhood Instant" account by default. With a Robinhood Instant account, you have instant access to up to $1,000 in deposits for trading and you can trade with unsettled funds. This type of account also grants access to options which require a margin account.… Continue reading How to Change Your Robinhood Instant Account to a Cash Account
How to Withdraw Funds from Your Robinhood Account
Whether you are making the switch to another broker or just moving profits to your bank account, it's important to know exactly how to withdraw your funds from your Robinhood account. First, you need to make sure your funds that you want to withdraw are fully settled otherwise you will need to wait a few… Continue reading How to Withdraw Funds from Your Robinhood Account
How to Get Around the PDT Rule for Day Traders
The Pattern Day Trader rule is a big nuisance for day traders with small accounts. If you have under $25,000 in a margin trading account, you are subject to PDT which means you cannot take more than three day trades in a five-day period. If you can't get over $25,000, you probably want to find… Continue reading How to Get Around the PDT Rule for Day Traders
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