If your looking at how to make money on Robinhood in 2021 we have some solid advice. First off congrats on getting started with investing on your phone. This is a great way for you to start gaining experience on stock trading which can eventually help you earn consistent money for years to come. There are many different ways you can earn money from trading, but the best way is to put your money into stocks that are stable and have a good looking future. The worst thing you can do is throw a bunch on money into a penny stock and lose everything you have. We will have some video below showcasing some methods you can use as well.
When it comes to actually making money on Robinhood in 2021 we highly recommend investing for the long term. Essentially what your going to be doing is putting your money into companies that are either stable or have a bright looking future. The last thing you want to do is put money into a penny stock and see it go down to literally nothing. This would leave a very bad taste in your mouth, and cost you quite a bit of money. Long term in my eyes means at least holding a stock for 1 year since you will pay a lot less in taxes if you make any money.
Another way you can make money on Robinhood in 2021 is with swing trading. This is when you buy a stock and hold it for a short amount of time. This can be a week, month, or several months. This would take a lot more work on your part since you will need to study constantly, but you can definitely profit if you put the work in. I myself have proven this time and time again.
Whatever method you decide to go with stay away from penny stocks. There is no get rich when it comes to investing. Think about putting your money into companies that have proven track records. Once you get good at this you can decide if you want to take it a bit further and try swing trading. If your trying to make money on Robinhood in 2021 we hope this helps you out. You can grab a nice Robinhood sign up bonus by clicking here.