Robinhood, an online trading platform founded in 2013. More than 13 million people are trading under this ingenious name. It is a business platform of choice for the millennial generation because it offers unlimited commission-free trading, an easy-to-use mobile app, and delivers trading education to beginners so that they can make money on Robinhood.
Robinhood offers mobile and web trading capabilities. Besides, it also allows investors to trade in stocks, cryptocurrencies, exchange-traded funds without any commissions and surcharges. Robinhood always incorporates new investment features in its app that make it popular among investors and beginners who want to establish their feet in the share market.
There are various players in the industry that offer investment and trading services such as TD Ameritrade, Fidelity, or Charles Schwab, etc, but still, Robinhood is the one that gears up the huge share in investors’ hearts. Because it offers the opportunity to invest in financial markets for anyone. Not only old traders with years of experience but also inexperienced or beginners can also avail the services of Robinhood.
So, whenever a user intends to join Robinhood he may encounter a lot of questions regarding the app and its usage, profit, commissions, and a lot more. We always try to give users a perfect solution for their queries in our blogs. And in this blog, we will discuss “how do you know if you made money on Robinhood”? So let’s get started.
As we have already discussed, you can use Robinhood on mobile or your web browser. You can check all your details related to your earnings, investments, losses, profits, stocks on your own by clicking on settings in the app.
Whenever you make money on Robinhood you can check on your earnings by clicking on your profile. You just need to go to your homepage and tap on ‘all’. After clicking you will get all the details you want to know. You can see your profits or losses below your portfolio. You can track your activities so that you can get a better idea of your progress and can make yourself motivated or fit for trading in stocks.
Whenever a person starts trading on Robinhood, the first question that comes to his mind is “how can I know my earnings on Robinhood?”.
Yes, it is very important to know your earnings, because without knowing about your earnings you will just keep punching in the air without getting good results.
Every company releases its report statement about its profits or losses in the recent quarter and based on that company forecast its future course of action.
The reported statement about the earnings of the company was released using press releases, conferences, official fill-out notes, etc. Every investor pays special attention to these earnings of the companies. And it is important also for the company’s perspective because it builds trust among the investors that can change the brand value and sometimes even the consumer’s decisions
If you want to check your earnings on Robinhood you need to search for the ‘Earnings Calendar’. The earnings calendar shows your weekly earnings. If you want to choose the company name of your choice, open the stock details page and tap on the Earnings section.
The earnings section lets you know the number of profits the company has made in the recent quarters which is shown as “Earnings Per Share” or EPS. You can see the announcement date of the company’s next earnings report.
Earning Per Share or EPS is the dollar amount that tells about the company’s quarterly profits divided by the number of shares available in the market. While assessing the company and its ability most of the investors use EPS. EPS helps to know the company’s ability to earn profits and its goals. Whenever a company makes profits its EPS increases and when it comes to losses its EPS gets reduced. And the expected EPS represents the forecast of the company’s future earnings.
Yes, you can actually make money on Robinhood, even if it helps millions of investors to earn money through buying and selling of stocks.
You too can earn much income from Robinhood. If you are a beginner in this field even in that case you can earn from this platform. But only you should have good knowledge of “Dos” and “Don’ts”, you must know the right way to earn money by Robinhood. Otherwise, you have to face losses.
You can make money on Robinhood using two ways.
- By Dividends
- By Asset Appreciation
When Dividend is examined, the company describes and distributes its profits to its shareholders. The company uses this method when it wants to make a profit and distribute the profits among the shareholders instead of reinvesting in the business.
You can make a profit by using this method. All you need to do is to own shares of the company that pays you a dividend. Using this way the Robinhood investors can reinvest their profits in the relevant business and eventually receive compound interest. It is one of the best ways a person can make money on Robinhood.
Asset Appreciation means selling at a price higher than what the consumer has purchased. Robinhood allows its customers to sell anything. If you are a Robinhood customer you can sell your purchased stock to another customer at a higher price.
For example, if you previously bought the stock at $ 500 per share and now have $ 700 per share, you can sell it at the current price and get it back.
So, it totally depends on you to decide which method to use to maximize your profit share. These two methods are the best to earn good profit and make handsome money on Robinhood. Since Robinhood never charges a commission fee, it is the best platform to try and make money. Robinhood also provides different offers for its customers that can give them access to many new trends. You can get the market information about what is trending and based on that you can invest.
You can get paid on Robinhood as per your buying and selling process on the platform. Your dividends are automatically processed by the Robinhood system and then credited to your account. To check your received and scheduled dividends you can log on to the Robinhood app or on the web.
Here is one thing you must keep in your mind that you should not exceed the due dates of stock purchasing. If the case buyer is late then you will not be paid for purchasing the stock. Together with this the dividends paid using foreign currencies will be tagged as pending and appear in the profile history after getting credited to the user account. You will get your dividends at the end of the relevant trading date. Your earning details will be automatically authenticated by the system and will be credited to your account.
No matter what the business is, without profit it is incomplete. Without profit, nobody can achieve its goals, either company or individual or investor. Anyone who is into business should be aware of profit. Because if you are not making a profit and instead of making losses then regular losses bring more losses than profit to the business.
Whenever you invest in the company, you must be aware of its financial health. And you can do this by reading the relevant company earning reports. The income statement is the main part you must focus on. It has a revenue-cost comparison which can give you a clear idea about the financial health of the company. Revenue is how much money a company makes or produces. Profit is the difference between a company’s costs and revenues by making its product or service available in the market.
Whereas in Robinhood, users can easily check the profit in the Robinhood app. If you are a Robinhood user, you can easily find your profit on the homepage of your profile. On the homepage, you can click on “All” and all the required details will be shown to you including profit and loss.