Simulator How-To Guide: Selling Stocks
  1. Simulator How-To Guide: Introduction
  2. Simulator How-To Guide: The User Interface Tabs
  3. Simulator How-To Guide: Purchasing Stocks
  4. Simulator How-To Guide: The Portfolio Summary Page
  5. Simulator How-To Guide: Ticker Symbol Look Up
  6. Simulator How-To Guide: Stock Quote Information
  7. Simulator How-To Guide: Diversified Portfolio
  8. Simulator How-To Guide: Selling Stocks
  9. Simulator How-To Guide: Advanced Trade Types
  10. Simulator How-To Guide: Short Selling
  11. Simulator How-To Guide: Covering Short Positions
  12. Simulator How-To Guide: Cancelling Orders
  13. Simulator How-To Guide: Margin Accounts
  14. Simulator How-To Guide: Buying Options
  15. Simulator How-To Guide: Options Usage
  16. Simulator How-To Guide: Conclusion

Simulator How-To Guide: Selling Stocks

Depending upon how quickly you've worked through the previous sections, the stocks in your portfolio might not have seen very big changes in price yet. Usually, investors who are looking to buy and hold stocks do not sell them until, at the very least, a few months after their purchase. However, in this case our goal is to train you how to sell a stock, not to pick the optimal time to do so (learn more about when to sell a stock in The Art of Selling a Stock). Let's walk through a few stock sales so that you can learn exactly what you need to do when it really matters.

The first question you're probably asking is, "How do I decide when it's time to sell a stock?" Let's start by taking a look at your current Portfolio Summary, which should look something like this:


As you can see in this example Portfolio Summary, some of the stocks purchased have increased in value while others have decreased, which is probably the case with your own portfolio. Take a look through your portfolio and pick a stock.

In this example portfolio, we will sell General Electric CO (NYSE: GE) to demonstrate the selling process. First, to sell this stock, we simply need to click on the Sell link next to its listing in our Stock Portfolio.


You should proceed to the Trade Stock screen with the correct sale information pre-entered in the required fields. Click Preview Order to proceed to the order confirmation screen (shown below), where you can then click Submit Order to confirm your sale for execution. Be sure to submit your order as a market sell order.


Assuming you submit your sell order during normal market hours, it will be executed by our trading system within 20 minutes. If you submitted it outside normal market hours, your order will be executed at the start of the next trading day.

Now that you've sold a stock from your portfolio, you should replace it with a new investment. It's probably a good idea to replace the stocks you sold with new ones from the same sector, so that your portfolio will maintain its diversification. In our example portfolio, we sold GE, which is from the Consumer Discretionary sector, so we'll make our new stock pick from those same sector. The steps for entering buy orders are very similar to the sell orders we just processed, but if you need a refresher, feel free to review how to buy a stock in stock buying section .

If you ever need to review the details of your past trades, you can easily do so by clicking on Trade History, which is accessible as a link after clicking the Portfolio tab.


With the completion of this section, you now know how to perform basic market sell orders.

Simulator How-To Guide: Advanced Trade Types

  1. Simulator How-To Guide: Introduction
  2. Simulator How-To Guide: The User Interface Tabs
  3. Simulator How-To Guide: Purchasing Stocks
  4. Simulator How-To Guide: The Portfolio Summary Page
  5. Simulator How-To Guide: Ticker Symbol Look Up
  6. Simulator How-To Guide: Stock Quote Information
  7. Simulator How-To Guide: Diversified Portfolio
  8. Simulator How-To Guide: Selling Stocks
  9. Simulator How-To Guide: Advanced Trade Types
  10. Simulator How-To Guide: Short Selling
  11. Simulator How-To Guide: Covering Short Positions
  12. Simulator How-To Guide: Cancelling Orders
  13. Simulator How-To Guide: Margin Accounts
  14. Simulator How-To Guide: Buying Options
  15. Simulator How-To Guide: Options Usage
  16. Simulator How-To Guide: Conclusion
RELATED TERMS
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    A sell order on a short sale that is accompanied (or "bracketed") ...
  4. Limit Order

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  5. Above The Market

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RELATED FAQS
  1. How do I place an order to buy or sell shares?

    Read a brief overview of how to open a brokerage account, how to buy and sell stock, and the different kinds of trade orders ... Read Answer >>
  2. Why can't I enter two sell orders on the same stock?

    To answer this question, let's look at a few different situations. You bought a stock for $10 but want to be able to protect ... Read Answer >>
  3. What's the difference between a stop and a limit order?

    Different types of orders allow you to be more specific about how you'd like your broker to fulfill your trades. When you ... Read Answer >>
  4. I want to buy a stock at $30, sell when it reaches $35, don't want to hang on to ...

    Once you've identified a security that you want to purchase, you need to determine a price at which you want to sell if the ... Read Answer >>
  5. How can I use a stop order to limit my losses on a long stock position?

    Learn about stop orders, different stop order types, and how to use stop-loss orders and stop-limit orders to limit losses ... Read Answer >>
  6. How do I calculate my gains and/or losses when I sell a stock?

    To begin, you need to know your cost basis, or the price you paid for the stock. If you did not record this information, ... Read Answer >>
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