So You Want to Ditch Your Stocks on Robinhood? A (Mostly) Painless Guide
Let's face it, we've all been there. You hopped on the Dogecoin train because, hey, why not? But now your portfolio looks less "roaring twenties" and more "sad trombone." Fear not, intrepid investor (or former investor, no judgement!), because this guide will walk you through selling those shares on Robinhood like a seasoned pro (or at least someone who didn't accidentally buy Beanie Babies stock in 1999).
Step 1: Accepting You're Not Scrooge McDuck Swimming in Money (Yet)
This might sting a little, but it's important. Selling those shares usually means you won't become a billionaire overnight. Unless, of course, you accidentally stumbled onto the next Amazon in your basement (in which case, congratulations and can I get a small loan of a million bucks?).
Step 2: The Robinhood App: Your Stock-Selling Battleground
Tip: A slow, careful read can save re-reading later.
Fire up the app, and navigate to your portfolio. It's that list that either makes you feel like a financial genius or a squirrel who forgot where he buried his nuts. Locate the stock you want to sell. Think of it as the ex-friend you're finally breaking up with financially.
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| How To Sell Shares Robinhood |
Step 3: "Sell"ing Yourself on Selling
QuickTip: Skim the intro, then dive deeper.
Once you've found your soon-to-be-ex-stock, tap the glorious "Trade" button. A menu will appear, and there, my friend, is the sweet release: "Sell." Click it like you mean it.
Step 4: Choosing How Much to Sell (The Great Escape!)
Here, you can choose how much freedom you want (both financial and from this stock). You can either:
Tip: Use the structure of the text to guide you.
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- Sell all your shares: A clean break, like ripping off a bandage. Painful, but gets the job done.
- Sell a specific number of shares: Maybe you just want to recoup some losses, like keeping a consolation prize beanie baby from your childhood collection.
Step 5: Understanding Order Types (The Not-So-Scary Part)
Robinhood offers a few options for how your sell order goes down. Don't worry, they're not rocket science:
- Market order: This is the "get me out of here" option. You sell your shares at the current market price, whatever that may be.
- Limit order: This is for the more strategic seller. You set a minimum price you're willing to accept for your shares. The sale only happens if the price hits your target.
Step 6: Reviewing and Submitting Your Order (The Big Moment)
Tip: Pause, then continue with fresh focus.
Double-check everything like you're re-reading a hilarious meme for the tenth time. Happy with everything? Then with a mighty swipe (like a digital Excalibur), submit your order!
Step 7: Victory Dance (Optional But Highly Recommended)
You've done it! You've successfully sold your shares. Now is the perfect time to do a victory dance (air guitar solo optional). Just remember to keep it office-appropriate if you're reading this at work.
Remember: This guide is for informational purposes only and should not be considered financial advice. Also, investing involves risk. So, don't go blaming me if your Beanie Baby collection tanks.
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