So You Want to Ditch Your Stocks? A (Slightly Unhinged) Guide to Selling Shares on Fidelity
Let's face it, buddy. We've all been there. You hopped on the investment train, convinced you were the next Warren Buffet, then promptly watched your chosen stock do the Macarena – only instead of sassy hips, it was a confusing dip that made your bank account weep. Fear not, for I, your friendly neighborhood guide (who may or may not have made some questionable financial decisions themselves), am here to help you navigate the murky waters of selling shares on Fidelity.
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| How To Sell Shares Fidelity |
Step 1: Accepting You're Not Scrooge McDuck (But There's Always Next Time!)
First things first: take a deep breath and acknowledge your emotions. Denial is a powerful emotion, but it won't pay the bills (unless those bills are from a clown college, which, hey, more power to you). Grieve the loss of your potential yacht money, then channel that energy into becoming a selling machine!
Step 2: Gearing Up for the Great Sell-Off (Aka Logging In)
Alright, enough therapy. Time to dust off your laptop and log in to your Fidelity account. Remember your password? Excellent! If not, well, that's a whole different adventure for another day.
Tip: Don’t skip the details — they matter.
Pro Tip: If your pet hamster is suspiciously good at remembering passwords, it might be time to have a conversation about financial independence...for them.
Step 3: The Sell Screen: It's Not As Scary As It Looks (Probably)
Once you're in, find the glorious button that says "Trade" or "Sell". Click it with the confidence of a lion tamer facing a slightly grumpy house cat. You'll be presented with a screen that might look intimidating at first, filled with numbers and jargon. But fear not, it's actually quite simple...once you get past the initial feeling of being trapped in a financial algebra exam.
Tip: Remember, the small details add value.
Step 4: Picking Your Poison (Types of Orders)
Here's where things get interesting. You have a choice to make: Market Order or Limit Order.
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- Market Order: This is the "rip the bandaid off" approach. You tell Fidelity, "Sell these darn shares, and sell 'em quick!" The stock will be sold at the current market price, which could be higher or lower than what you paid (hopefully higher, for your sanity's sake).
- Limit Order: This is for the control freaks (like, maybe, your pet hamster?). You set a specific price you want to sell at. The order will only go through if the stock price reaches that point. It's great if you're feeling bullish (optimistic) about the stock's future, but there's no guarantee it'll hit your target.
Remember: With great control comes great responsibility (and potentially more waiting).
QuickTip: Stop scrolling fast, start reading slow.
Step 5: Hitting the Big Red Button (But Double Check First!)
You've chosen your weapon (order type), you've aimed it at your target stock, all that's left is to...click that sell button! But hold on a sec, cowboy. Double-check everything! Make sure you're selling the right stock, the right number of shares, and at the right price (especially for limit orders).
Nobody wants to accidentally sell their entire retirement fund for a lifetime supply of gummy bears (unless those are, like, really fancy gummy bears).
QuickTip: Reread tricky spots right away.
Step 6: Victory Dance (or Hiding Under the Covers)
Congratulations! You've successfully sold your shares. Now you can do a celebratory dance (or hide under the covers and contemplate the fleeting nature of the stock market, whichever suits your fancy).
Remember: Selling shares is just one part of the investing journey. There will be wins and losses, but the important thing is to learn from them and keep moving forward. Who knows, maybe next time you'll be the one sailing away on a yacht made of pure profit (or at least a slightly nicer used car).
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