top of page
  • Writer's pictureJohn Tasci

Investing With Robinhood Made Easy

Updated: Oct 2, 2022

Investing with Robinhood Made Easy - Tasci Finance

The everlasting questions asked by people who want to start investing:

  • "How do I start investing?"

  • "How do I open a brokerage account?"

  • "How do I buy and sell stocks?"

These very simple questions will all be answered in this blog so you no longer have to worry about how to start investing!

For brokerage of choice, we have Robinhood. Very easy to use and includes all the features you need to start investing. Guidelines will be provided on how to set up an account and perform actions on the platform. Let's dive in.

*Disclosure: Tasci Finance only recommends products and services I would use myself or are currently using. This post may contain affiliate links that at no additional cost to you, I may earn a small commission.

To follow along use this link ->

Both you and I receive a free stock when you complete sign-up!

Opening Account

Individual Requirements

  • Be 18 years or older;

  • Have a valid Social Security Number (not a Taxpayer Identification Number);

  • Have a legal U.S. residential address within the 50 states or Puerto Rico (they may make exceptions for active U.S. military personnel stationed abroad)

  • Be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa

The account holder must be 18 years or older, but that doesn't mean the person that has access to the account must be 18 or older. Unfortunately, Robinhood doesn't have a custodial account (joint account for parent and minor). So to fight this issue, you should have a parent or guardian make the account with you managing the account with your own money.

Linking Your Bank Account

Now you need to link your bank account. It is recommended to link a checking account rather than a savings account to avoid potential transfer fees.

If you do business with major banks then it will be easy to set up.



If you don’t see your bank or credit union listed, you’ll need to verify your account manually.



Once you’ve submitted your information, Robinhood will initiate two micro deposits to your bank account. It may take up to 48 hours for the transfers to appear in your bank account.

Once the two small transfers have landed in your bank account, verify them in your mobile app:

1. Tap the Account icon in the bottom right corner.

2. Tap Transfers.

3. Tap Linked Accounts.

4. Tap Verify.

5. Enter the two deposit amounts.

6. Tap Enter.

Depositing Money Into Robinhood

To initiate a deposit in the mobile app (iOS and Android):

  1. Tap the Account tab (person icon) in the bottom right corner (if you’re an Android user, tap the Menu icon in the top right corner)

  2. Tap Transfers

  3. Tap Transfer to Robinhood

  4. Choose the account you’d like to transfer from

  5. Enter the deposit

  6. Review the deposit

  7. Submit the deposit

To initiate a deposit on the web:

  1. Click Account in the upper right corner of the screen

  2. Click Banking

  3. Choose the account you’d like to transfer from on the panel labeled Transfers (right side of the screen)

  4. Enter the deposit amount

  5. Click Review

  6. Click Submit

Buying / Selling Stock

The easiest part is buying and selling stocks.

All you have to do to buy stocks is to search up the stock name click "buy" and you'll be represented with many options.

  • Buy in Dollars - Buy stock in dollar amounts starting at $1

  • Buy in Shares - Buy stock in shares starting at 0.000001

  • Recurring Investment - Invest in stock on a recurring schedule

  • Limit Order - Buy stock at a maximum price or lower

  • Trailing Stop Order - If the stock rises above its lowest price by a specific amount, triggering a buy order.

  • Stop Order - If stock rises to a fixed stop price, trigger a buy order.

  • Stop Limit Order - if the stock rises to a fixed stop price, trigger a limit buy

Very simple actions you fill out what's asked of you and your investment journey starts!

Buying / Selling Crypto

Cryptocurrencies are also easy to buy and sell but hold less options.

  • Buy in USD - Buy crypto in dollar amounts, starting at $0.05

  • Buy in Crypto - Buy crypto in coin amounts starting at 0.000001

  • Recurring Investment - Buy crypto on a recurring schedule

  • Limit Order - Buy crypto at a maximum price or lower

Easy enough!

Buying / Selling Options

Step by Step Buying Options:

  1. Click stock

  2. Click trade

  3. Click trade options

  4. Click buy

  5. Choose between put or call

  6. Click on the contract you want to buy

  7. Click buy button

  8. Type in the number of contracts and how much you would like to pay for each option.

Same steps for selling call but for step 4 change buy to sell.

Robinhood Gold Features

The main features of Robinhood Gold:

  • Bigger Instant Deposits (only available if your Instant Deposits status is in good standing)

  • Professional Research from MorningStar

  • Level II market data from Nasdaq

  • Access to Margin Investing (not available for everyone)

You can try Gold for free for the first 30 days (the $5 monthly fee will be waived). If you choose to use margin investing during your trial period, you’ll still be charged 2.5% (can change) yearly interest on any amount you borrow over $1,000.

You can upgrade to Robinhood on any platform. Click on profile and you'll see "upgrade to gold" as an option and it's very easy to be enrolled. If you no longer need the membership, you can unenroll anytime.

Rolling Options (new)

What's option rolling?

Rolling is when you close a current option contract and simultaneously buy a new contract typically with an expiration further out and a different strike price.

Keep in mind rolling involves closing an existing position and realizing gains or losses, while also opening a new position. This will result in capital gain or loss so be aware of that to be ready to pay taxes.

Different Ways To Roll

Rolling Out

Rolling Up

Roll Down

Rolling up/down and out

How to roll an option on the app

You can access rolling for your existing options by selecting Trade > Roll Position > Select New Position. That's all!


Creating a brokerage account and using their tools is very easy. Choosing the best investments is not easy. Now that you know everything to start an account on Robinhood you have no excuse but to start now!

Create your own account and receive a free stock ->

Recent Posts

See All


bottom of page