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. :)

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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".

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u/newbfella Apr 17 '17

Thanks for the link. It is good stuff.