How do you know when to buy or sell stocks on Robinhood?
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Investing in stocks can be an exciting yet daunting task , especially for beginners using platforms like Robinhood. Knowing when to buy or sell stocks is crucial for maximizing profits and minimizing losses. But how do you make these decisions? This guide will walk you through the essentials of stock trading on Robinhood , helping you develop a strategy that works for you. Understanding the Basics of Stock Trading What is Stock Trading? Stock trading involves buying and selling shares of a company in the stock market. The goal is to buy low and sell high, capitalizing on price fluctuations to make a profit. How Does Robinhood Work? Robinhood is a user-friendly platform that allows individuals to trade stocks without paying commissions. It offers various tools and features to help you make informed decisions, including real-time market data, news, and research reports. Setting Your Investment Goals Short-term vs. Long-term Goals Before you start trading, it's essential to define