157 Ask me anything about the Stock Market / Brokerage posted 77 days ago by BostonVoter 77 days ago by BostonVoter +157 / -0 63 comments share 63 comments share save hide report block hide child comments Comments (63) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 1 ▼ – Super_Dave 1 point 77 days ago +1 / -0 How bad if RobinHood selling people stuff without permission? Sorry, I'm below layman on this stuff so don't know all the correct terms.. but that sounds serious as fuck to me, especially with financial stuff. permalink save report block reply ▲ 2 ▼ – BostonVoter [S] 2 points 77 days ago +2 / -0 The person is 100% aware that Robinhood wants them to pay up. Robinhood has the authority to take back their own money if you dont pay them . You agreed to that. Robinhood was kind enough to let you borrow their money to buy a really.hot stock . Now you're being a jerk and refusing to pay them money to hold onto your losing position You fell below the 30% equity amount , now you gotta pay up to bring the equity up to 50% and they will leave you alone for a while. Every security has different leverage %'s and marginability. Some are risky and require higher amount of collateral . ( in the news they said 300%) So a 300k portfolio of stocks you own outright. They will let you buy 100k of gamestop stock. Because you need to have 300% collateral. Etc. My math is off, but you'll get the point. permalink parent save report block reply
How bad if RobinHood selling people stuff without permission? Sorry, I'm below layman on this stuff so don't know all the correct terms.. but that sounds serious as fuck to me, especially with financial stuff.
The person is 100% aware that Robinhood wants them to pay up. Robinhood has the authority to take back their own money if you dont pay them .
You agreed to that. Robinhood was kind enough to let you borrow their money to buy a really.hot stock .
Now you're being a jerk and refusing to pay them money to hold onto your losing position
You fell below the 30% equity amount , now you gotta pay up to bring the equity up to 50% and they will leave you alone for a while.
Every security has different leverage %'s and marginability.
Some are risky and require higher amount of collateral . ( in the news they said 300%)
So a 300k portfolio of stocks you own outright.
They will let you buy 100k of gamestop stock. Because you need to have 300% collateral. Etc.
My math is off, but you'll get the point.