Ready to take control of your investments? Selling stock on Webull is a straightforward process, whether you're looking to lock in profits, cut losses, or rebalance your portfolio. This comprehensive guide will walk you through every step, ensuring you feel confident and informed as you navigate the Webull platform.
How to Sell Your Webull Stock: A Step-by-Step Guide
Are you ready to sell some of your Webull stock? Let's get started!
Step 1: Log In and Find Your Holdings
The very first thing you need to do is access your Webull account. You can do this through the Webull mobile app (available on iOS and Android) or the desktop platform.
Mobile App: Open the Webull app on your smartphone. You'll typically be prompted to enter your login credentials (username/phone number/email and password) or use biometric authentication (fingerprint, face ID) if you've set it up.
Desktop Platform: Go to the Webull website and click on "Log In" in the top right corner. Enter your credentials.
Once logged in, you'll land on your main dashboard. To find the stocks you currently own, you'll usually navigate to the "Account" or "Positions" tab. This section provides a detailed overview of your portfolio, including all your held securities, their current market value, and your unrealized gains or losses.
Step 2: Select the Stock You Wish to Sell
Now that you've located your positions, it's time to pick the specific stock you want to sell.
On the mobile app: Tap on the "Account" or "Home" icon (often the Webull logo at the bottom center). Then, navigate to the "Positions" tab. Here, you'll see a list of all your holdings. Scroll through the list and tap on the ticker symbol of the stock you intend to sell.
On the desktop platform: In your "Account" section, you'll see a list of your holdings. Click on the specific stock you want to sell.
Once you've selected the stock, you'll be taken to its detailed quote page. This page provides real-time data, charting tools, news, and various trading options.
Step 3: Initiate the Sell Order
On the stock's detailed quote page, look for the "Trade" or "Sell" button.
On the mobile app: You'll typically see a prominent "Trade" button, often at the bottom of the screen. Tapping this will usually give you the option to "Buy" or "Sell." Select "Sell."
On the desktop platform: You might find a "Sell" button directly on the stock's page or within a "Trade" panel. Click on "Sell."
This will open the order entry screen, where you'll configure your sell order.
Step 4: Configure Your Sell Order Details
This is a critical step where you define exactly how you want to sell your stock. You'll need to specify several parameters:
Sub-heading: Quantity
First, enter the number of shares you wish to sell. You can choose to sell a portion of your holdings or all of them. Be precise to avoid accidental over-selling.
Sub-heading: Order Type
This is one of the most important decisions. Webull offers various order types to suit different trading strategies. Here are the most common ones you'll encounter:
Market Order: This order tells Webull to sell your shares immediately at the best available current market price. While it guarantees execution, it does not guarantee a specific price, especially in volatile markets. Use this if you need to sell quickly and are comfortable with the prevailing market price.
Limit Order: This order allows you to specify a minimum price at which you are willing to sell your shares. Your order will only execute if the stock's price reaches or goes above your specified limit price. This gives you more control over the selling price, but there's no guarantee your order will fill if the price doesn't reach your limit.
Stop Order (Stop-Loss): A stop order becomes a market order once the stock's price reaches a specified "stop price." This is primarily used to limit potential losses. For example, if you own a stock trading at $100 and set a stop price at $95, if the stock drops to $95, your stop order triggers a market sell order.
Stop-Limit Order: This is a hybrid of a stop order and a limit order. When the stop price is triggered, it becomes a limit order instead of a market order. This means you specify both a stop price (trigger) and a limit price (the minimum selling price once triggered). This offers more control than a pure stop order but still carries the risk of non-execution if the limit price isn't met.
Trailing Stop Order: This dynamic order type adjusts the stop price based on the stock's movement. It's often used to protect profits while allowing for further upside. The stop price "trails" the stock's highest price by a specified percentage or dollar amount. If the stock drops by that amount from its peak, the order triggers.
Choose the order type that best aligns with your selling objective and risk tolerance. For beginners, a Limit Order is often recommended for more control over the selling price.
Sub-heading: Time in Force (TIF)
This setting determines how long your order remains active if it's not immediately filled. Common TIF options include:
Day: Your order will only be active during the current trading day. If it's not filled by market close, it will expire.
Good-Til-Cancelled (GTC): Your order will remain active until it's filled or you manually cancel it. GTC orders typically have a maximum validity period (e.g., 60 or 90 days on Webull), after which they expire.
Select the TIF that suits how long you want your sell order to be in the market.
Step 5: Review and Confirm Your Order
Before submitting, carefully review all the details of your sell order. Double-check the stock symbol, the quantity of shares, the order type, the price (if it's a limit or stop order), and the time in force.
Webull will usually display an "Estimated Cost" or "Estimated Proceeds" which might include any regulatory or exchange fees (Webull typically has $0 commission on stock trades, but these small fees may still apply).
Confirm: If everything looks correct, click the "Sell" or "Place Order" button. You might be asked to confirm your trading password or PIN for security purposes.
Once confirmed, your order will be placed.
Step 6: Monitor Your Order Status
After placing your order, you'll want to monitor its status.
On the mobile app: Go to the "Orders" tab (usually located near the "Account" or "Home" section).
On the desktop platform: Look for an "Orders" or "Open Orders" section.
Here, you'll see if your order is Pending, Partially Filled, Filled, or Canceled.
Filled: Congratulations! Your stock has been successfully sold.
Pending/Partially Filled: If your order is a limit or stop-limit order, it might not fill immediately. Keep an eye on the market price and your order's status.
Canceled: Your order may be canceled if it expires (e.g., a Day order at market close) or if you manually cancel it.
Step 7: Understand Settlement and Withdrawal
Once your stock is sold, the funds don't become immediately available for withdrawal. Stock trades operate on a settlement cycle, typically T+2 (trade date plus two business days). This means the funds from your sale will become available for withdrawal two business days after the trade is executed.
Check Available Funds: Webull will show you your "Cash Available for Withdrawal" in your account summary.
Initiate Withdrawal: Once the funds have settled, you can initiate a withdrawal from your Webull account to your linked bank account. This is usually done through the "Transfers" or "Withdraw" section within your account. ACH withdrawals typically take 2-3 business days to appear in your bank account.
Remember that selling stock can have tax implications. Keep records of your sales for tax reporting purposes. Webull will provide you with a 1099-B form at the end of the year, which details your capital gains and losses.
This detailed process should equip you with the knowledge to confidently sell your stock on Webull. Remember to always understand the order type you're using and to review your order carefully before submitting!
10 Related FAQ Questions
How to check my stock's current value on Webull?
You can check your stock's current value by going to the "Account" or "Positions" tab in the Webull app or desktop platform. Your portfolio overview will display the current market value of all your holdings. Tapping on a specific stock will take you to its real-time quote page.
How to cancel a pending sell order on Webull?
To cancel a pending sell order, navigate to the "Orders" tab in your Webull account. Find the order you wish to cancel and tap or click on it. You should then see an option to "Cancel Order." Confirm the cancellation.
How to set a stop-loss order on Webull?
To set a stop-loss order (which is a type of stop order) on Webull, go to the stock's trade screen, select "Sell," and then choose "Stop" or "Stop-Loss" as your order type. Enter your desired stop price (the price at which your order will convert to a market sell order) and the quantity of shares.
How to view my transaction history on Webull?
You can view your transaction history by going to the "Account" tab and looking for sections like "Trade History," "Order History," or "Statements." These sections will provide a record of all your past trades, deposits, and withdrawals.
How to link a bank account for withdrawals on Webull?
To link a bank account for withdrawals, go to the "Transfers" or "Banking" section in your Webull account. Look for an option to "Add Bank Account" or "Link Bank." You'll typically need to provide your bank's routing number and your account number.
How to understand the different order types on Webull?
Webull offers various order types like Market, Limit, Stop, Stop-Limit, and Trailing Stop. A Market Order executes immediately at the current price. A Limit Order lets you specify a minimum selling price. A Stop Order becomes a market order when a specified "stop price" is hit, often used for risk management. A Stop-Limit Order combines a stop trigger with a limit price. A Trailing Stop dynamically adjusts with the stock's price to protect profits.
How to calculate potential capital gains or losses after selling?
Your capital gain or loss is calculated by subtracting your cost basis (the original purchase price plus any commissions or fees) from the selling price. If the selling price is higher, it's a gain; if lower, it's a loss. Webull provides a 1099-B form annually that summarizes your realized gains and losses for tax purposes.
How to determine the best time to sell my stock?
Determining the "best" time to sell depends on your individual financial goals, investment strategy, and market conditions. Some factors to consider include reaching a profit target, mitigating further losses (stop-loss), rebalancing your portfolio, or reacting to significant company or market news. It's crucial to have a clear selling strategy before investing.
How to avoid common mistakes when selling stock on Webull?
Common mistakes include using market orders in volatile markets (which can lead to unfavorable prices), not understanding settlement periods, neglecting tax implications, and selling out of panic. Always double-check your order details, use limit orders for price control, and have a clear reason for selling before executing a trade.
How to contact Webull customer service for selling issues?
If you encounter any issues while selling your stock, you can contact Webull customer service through their in-app help center, email (often support@webull.com), or by phone. Check the "Help Center" or "Contact Us" section within the Webull app or on their website for the most up-to-date contact information.
