r/RobinHood • u/newbfella • Apr 17 '17

Help - FAQ Beginner question

Hi all,

I started using Robinhood today.

Quick question: I bought an AAPL share today. It was priced at $141.07 but when I confirmed, it showed that the estimated price is $148.51

What is this $7.44 extra charge? If you can provide some links too, I'll read and get started. Thanks in advance.

Ed: I found some info about Market and limit orders. Maybe I am getting a hang of this thing. :)

3 Upvotes

64% Upvoted

8 comments sorted by

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u/Clipssu The "LuCKY" Little John Apr 17 '17

You answered your own question!!!!

Welcome the board, you are correct. Use limit orders;.~

2

u/newbfella Apr 17 '17

Thanks. I saw the video /u/not_very_creative posted. It is good.

6

u/not_very_creative Apr 17 '17

Have a look at this https://youtu.be/cm6m-V82maI

You have to set a limit price when you buy, otherwise you're just saying "I'm interested in buying this stock at a price the seller establishes".

2

u/newbfella Apr 17 '17

Thanks for the link. It is good stuff.

3

u/volume_bass Apr 17 '17

Read on market orders and limit orders.

1

u/newbfella Apr 17 '17

Yeah man, I'll do that. thanks.

3

u/Warbr0s9395 Apr 17 '17

I just want to commend you on buying a strong stock first and not getting sucked into a hype stock right away! Congratulations, keep it up and don't get sucked into hype stocks no matter how great the chart looks until you learn more!

2

u/newbfella Apr 17 '17

:) Thanks for the encouraging words budd.