My Robinhood account: Nothing margin. Straight forward buys.
1) Transferred $300 from bank to Robinhood & asap used all to buy stock. But funds were NSF in my savings.
2) "Available Cash" is now negative $300+. Makes sense.
3) "Buying power" is negative $600+. WHY??? Not make sense. On same page, my portfolio is $300 higher than in main page. FYI- stocks did not move much. I want to pay off the $300 + fee and be square.
FYI- I emailed Robinhood. They do not have active phone support.
It takes three days for trades to clear. Probably one side counted and the other didn’t. It should fix itself by the end of the week.
Ok. Thanks.
This is common for Robinhood. Google the situation and you'll see the answer. Don't hang yourself like that poor guy who had the same problem.
I google'd, but also got a quick email answer. Looks like I'll be fine.
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