Closing my stock position
If you want to close your entire stock position, you must submit a quantity-based order rather than a price-based order.
For example, if you have 0.482 units of AAPL (worth $79 in current market value) in your investment account, and you want to sell all of it:
- Click the Sell button,
- Submit a quantity-based order on the AAPL cell - you can either manually enter 0.482 or select 'Max' to automatically fill in the maximum quantity you can sell,
- Click 'Sell AAPL' button to submit your order.
If you use the USD cell to enter the current market value of $79, this will submit a price-based order. Due to fluctuating prices, price-based orders will not guarantee that your entire stock holding will be sold.
Introduction to stock trading
- What is a stock?
- Where do stocks come from?
- What is stock ownership?
- Why do people buy stocks?
- How could you lose money from buying stocks?
- What are stock markets?
- What is a stock broker?
- What is a stock price?
- What is a bid-offer spread?
- What are stock charts?
- What is commission?
- What are bullish vs bearish markets?
- What is technical analysis?
- What is fundamental analysis?
- What are analyst recommendations?
- What are stock financials?
- What is EPS (earnings per share)?
- What is a P/E ratio (Price-to-Earnings)?
- What is a P/CF ratio (Price-to-Cashflow)?
- What is ROE (Return on Equity)?
- What is Market Sentiment?
- What are Market Sentiment Indicators?
- What is the VIX?
- How does News and Social Media impact stocks?