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Negative Buying Power Robinhood. There may be a technical error causing your negative buying power to be shown as four times it's actual negative amount on your end. Negative buying power can happen due to one of the following events:
submitted by InvoluntaryEraser from www.reddit.com
Kearns may not have realized that his negative cash balance displaying on his robinhood home screen was only temporary and would be corrected once the underlying stock was credited to his account. The more orders the brokerage passes along, the more they're paid. This is the current nature of the market.
submitted by InvoluntaryEraser
Money is involved because the more orders that pass through a particular execution venue first, the faster they can make decisions about the direction of the market on both the micro and macro scale. Kearns apparently fell into despair late thursday night after looking at his robinhood account, which appeared to have $16,000 in it but also showed a cash balance of negative $730,165. I have 2 call debit spreads as follows, both expired today (spy ended at $321.80): From what i've read, rh has some serious downsides where buying power can go super negative for a bit.