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How to Buy and Sell Stocks on Robinhood (Beginner App Tutorial) - YouTube
Channel: Honest Finance
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in today's video I'm gonna quickly show
you how to buy and sell stocks using the
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Robinhood app which is so easy to do
but there's a few things that you need
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to understand first I'll briefly explain
how they're free sign up shares work and
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then I'll also show you how to lightly
research a company using Robinhood then
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I'll show you how to buy and sell stocks
using Robinhood's so that you can see
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for yourself how easy it is to do
they're not the best choice for every
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type of investor but if you do want to
get free trades and have a really easy
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platform to use then definitely try
Robin Hood now if you just found this
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channel I'm Jason with honest finance
and I make a lot of videos on different
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topics that'll give your life and your
finances more value so definitely
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subscribe if you're into this type of
content but now let's just hop onto my
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phone and I'm gonna show you how to buy
and sell shares using Robin Hood okay so
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once you're inside the app the way that
the free stock thing works is just if
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you refer someone to Robin Hood using
your special link then you get a free
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stock and they get a free stock so it's
just kind of a win-win and I did leave
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my referral link in the description so
if you guys want to use that then you
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can get a stock and I can get a stock
but really if you've got friends that
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are already using Robin Hood just use
their referral link because then you
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guys can both benefit from it and the
cool thing is is once you're signed up
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then you can do the same thing so I've
got a free stock here for inviting
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Samuel so thank you Samuel
this is how it works you just claim the
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free stock and you're gonna choose one
of these three question marks just like
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a stupid Las Vegas thing and then you
scratch it out and we'll see so it looks
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like I got sprint which is worth 571 and
honestly I have never gotten anything
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over ten bucks but that's my luck I have
had some guys in the comments tell me
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that they've got shares that are worth
over a hundred bucks so maybe you'll be
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one of the lucky ones but I haven't been
so far and then before I get into all
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the research stuff I do want to let you
know that with the free shares you can't
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actually sell those stocks for three
full trading days so just keep that in
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mind and then if you ever do want to get
your cash for them you have to wait a
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full thirty days and those are the full
rules for that kind of stuff so if you
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do get a free share just keep in mind
that those are the two rules with them
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but that's about it so as far as
searching for a stock let's do that
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right now I'm just going to look for
Pepsi because I know that I don't own
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them
I'll show you guys how to do some quick
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research on robhinhood so you can just
type in Pepsi if you don't know the
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ticker symbol and you'll be able to find
it so right here PepsiCo PEP is the
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ticker let's go into that and it looks
like they are trading at 120 709 right
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now the markets closed so you're not
going to see any fluctuation so anyways
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127 oh nine is what they're at per share
this is just looking at a one-day graph
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by default so let's move it over to a
five-year this is as far as we can go on
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Robinhood which honestly is good but I
wish that they could go back further and
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I would even say ten years would be good
but lifetime is really good as well so
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we're gonna look at Pepsi over the last
five years and just by looking at this
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graph on a very basic basic amount of
research it looks like they are a very
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healthy company from the looks of this
chart however it does also look like
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they're probably overvalued just like
the rest of the stock market
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that's just how everything is right now
it's everything is very expensive so
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looking at this one 2709
the whole saying buy low sell high
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you're definitely not doing that right
now you would be buying high but if you
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do more research and you just feel like
it's just gonna keep going up then go
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for it maybe now is the time to get in
but honestly I would wait for a
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correction and then put your cash into a
company but that is just me so anyways
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the stats that Robinhood gives you if
you scroll down just a little bit you
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can see some basic stats on the last 52
weeks the open the high and the low for
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the day but really I am just looking at
the two on the bottom right which are
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the p/e ratio and the dividend yield and
this still doesn't give you much
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information but it does at least give
you something the p/e ratio is the price
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to earnings ratio which is basically how
much a cost per share is relative to how
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much money they're actually making so
this is basically saying that a share
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right now is 14 times more expensive
than what they're actually making and
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typically I like to have the p/e ratio
as low as I can get it but it all
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depends on the industry that you're
looking at too because if we checked
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coca-cola and theirs was a 20 then
Pepsi would actually be looking better
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than Coke but that's how you'd be
looking at the p/e ratio and honestly I
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just say
anything below 15 is probably a little
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bit better on your side looking at those
kind of numbers so and then the dividend
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yield this is just how much they're
gonna be paying you as far as a
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percentage of the shares per year to own
them so 3.25% is what they are currently
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paying based on the current numbers so
if you bought a share for 127 bucks then
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throughout the year probably four times
a year from Pepsi
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they are gonna pay you a quarter of that
3.25%
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and so those are the two numbers that
you can look at with robhinhood and then
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if you check down here they'll also have
different articles and things you can
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check on just to see if maybe there's
some more information on the type of
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information that you're looking at so
and then we've got the analyst ratings
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36% say by 60% say hold 4% say so this
is as basic as it gets I wouldn't even
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look at any of this kind of information
but they do have it there if you want to
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look at it they've got their earnings
right here based on how everything's
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looking you can see the dark grey dots
those are what we were expecting and
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then it looks like we were actually a
lot higher than that so those are quick
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indicators on the quarterly results to
tell you how the company's doing
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relative to what people thought they
were going to be doing so that's good as
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well you keep scrolling down you can get
people also bought so just you know
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making it easier for you to find other
companies that people were buying as
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well as Pepsi and then it looks like
they have little lists of stocks that
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you can look in and then they'll have an
about PepsiCo which they're not going to
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give you much information here just a
short little snippet of what they do
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what they own how many employees they
have and all that stuff and that is as
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deep as you can go on Robinhood and
honestly if you guys want to learn how
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to research stocks more than that you're
gonna have to check a lot more resources
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so that you can learn a lot more about
it but you can start with Yahoo Finance
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and you can also go to the investor
relations relations pages on the actual
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websites anyways you can go directly to
the companies themselves or you can go
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to Yahoo Finance and that's what that's
what I would recommend you do so anyways
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let me show you now how to buy and sell
a stock on Robin
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and this is so easy let's buy Pepsi
right now for one 2709
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so we're just gonna click buy right down
here on the bottom right and we're gonna
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say one share and so I actually know how
much money I have in my account if you
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look up at the top it says 3383
available and that is because that's how
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much cash I have available and the
reason I'm doing this with a more
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expensive shares because I want to show
you what's gonna happen
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as soon as I hit review it is gonna have
a pop up come up and say I don't have
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enough money but it says you can deposit
9961 and you can make this deal happen
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now the cool thing is is that Robinhood
by default will let you instant deposit
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money up to $1,000 so that you don't
actually have to wait for it to get into
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your account because typically it's
gonna take three days just to get the
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money into your account so if you want
to trade some stock really quickly and
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you want to make it happen now you can
up to a thousand bucks and then if you
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do the Robin Hood gold thing for five
bucks a month then you can actually up
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that all the way up to fifty grand as
long as you have enough money to back it
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in your actual assets so that's how that
works it's telling me right now that I
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need 9961 to make this happen and I
don't want to do that right now because
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I'm not actually gonna make this happen
but let's go into another company and
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show you how this works or you know what
actually we can just do the same thing
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here let's pretend that I did want to
buy one share of Pepsi for a hundred and
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twenty 709 that is the market price keep
in mind and a better way to do this is
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if you look up at the top right there
are these order types click that I wish
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that they made it more conspicuous but
they don't so click this right here and
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you've got your different types of
orders that you can set which are a lot
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better than just buying things that
market price so the one that I like to
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do is called a limit and what this does
is it makes it so you just set a maximum
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of what you want to buy the share at and
that's what it'll buy it at so it's
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trading at 127 let's say that it was
moving quite a bit during the day you
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could set that to 125 and if you feel
confident that it'll move to that amount
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within the day then you can get it for
125 and the cool thing is about that
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is that if you're buying a lot then that
can actually save you some money and if
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it doesn't hit the number then oh well
try again the next day I suppose but
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let's do 120 okay I know that's not
going to hit 120 today for sure or
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tomorrow but we're gonna continue and
we're gonna say market hours only and
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here's the cool thing we can do this
through the next trading day
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that's good through 2:00 p.m. Eastern
Time or you can actually set a 90-day
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period so you can actually keep that
limit then it will automatically by
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however many you told it to at that
price
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and that will hold it for 90 days so
it's almost like you can let it automate
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for you and make it a lot easier to do
this kind of stuff so that's how you do
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it at this point you just hit continue
and then you'd say execute so now I'll
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just hit review and you guys can see for
yourself
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I have to put in 86 17 to make this
happen and I'm not gonna do that because
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I don't actually want to do this right
now but that is how you would buy a
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share and if you do have enough money in
your account obviously the warning won't
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pop up and you can execute the order and
that is how it works now as far as
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selling a share goes it is the exact
same thing so let's go into something
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that I own here I know that I own some
four chairs so let's go on the Ford F is
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the ticker symbol okay so if I own some
it's gonna say trade looks like I own
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five shares of Ford by the way it has
been like the lousy isnora stock ever
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I've owned them for like three years and
I haven't seen anything happened with
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them look at this five year track record
it is just in my opinion I don't really
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have any worries about the company
themselves but it's definitely just a
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downtrend
anyways let's see so we're gonna trade
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some shares of Ford we just hit trade
and in this case we want to sell and
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let's say that we want to sell two
because I know that I have five and it
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tells me right up at the top how many I
have I have five shares available market
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price 948 if you're happy with that go
for it otherwise you can do a limit
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order just like I did earlier and you
can set a limit for it all that fancy
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stuff and that makes it a lot better so
anyways that
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how you do it and you just hit review
and then right here where it says swipe
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up to submit boom as soon as I swipe up
it executes and it is over with and keep
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in mind that if you do set limit orders
you can cancel them at any time you want
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you're not locked into anything but if
you do if you do buy something at market
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price and the markets open then you are
definitely going to have things happen
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very quickly and you can't get out of it
but you can cancel the other kind of
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stuff anyways that's all I hope you guys
enjoyed this video and I do have another
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video that's a review on Robin Hood that
goes into a lot more detail on a actual
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perspective of using the app for a
couple years that I think you guys would
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be interested so I'll show that over
here you can click on it watch it and
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feel free to subscribe if you guys want
to anyways thanks that's all
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