Are you ready to take control of your investments and sell some shares on Webull? Whether you're looking to lock in profits, cut losses, or rebalance your portfolio, the process is straightforward once you know the steps. Let's dive in and get those shares sold!
Navigating the Webull Platform to Sell Your Shares: A Comprehensive Guide
Webull has established itself as a popular trading platform for both novice and experienced investors, offering commission-free trading on stocks, ETFs, and options. Selling shares on Webull is a fundamental operation, and understanding the nuances of order types and market conditions can significantly impact your execution price. This guide will walk you through the entire process, from accessing your positions to confirming your sell order, ensuring you're well-equipped to manage your investments.
Step 1: Get Ready to Access Your Portfolio!
Before you can sell anything, you need to be logged into your Webull account. This is where your investment journey begins!
1.1 Logging In to Your Webull Account
Open the Webull App or Website: Launch the Webull mobile application on your smartphone or tablet, or navigate to the Webull website on your desktop browser.
Enter Your Credentials: Input your registered phone number or email address and your password.
Complete Security Verification (if prompted): You might be asked to enter a One-Time Password (OTP) sent to your registered device or complete a biometric scan (fingerprint/face ID) if enabled.
Once you're in, you'll land on your personalized dashboard, which provides an overview of your portfolio, watchlists, and market data.
Step 2: Locating the Shares You Want to Sell
Now that you're logged in, it's time to pinpoint the specific stock you wish to sell.
2.1 Navigating to Your Positions
Find the "My Position" or "Account" Section: On the Webull mobile app, this is typically found by tapping the Webull logo (center icon) at the bottom of the screen, then selecting "My Position" or "Account" at the top. On the desktop platform, you'll usually find your positions listed prominently on the main trading interface.
Review Your Holdings: Here, you'll see a list of all the stocks, ETFs, and other assets you currently hold, along with their current market value, cost basis, and profit/loss.
2.2 Selecting the Specific Stock
Tap/Click on the Stock: Browse through your positions and tap or click on the specific stock symbol you intend to sell. This will take you to the detailed quote page for that particular security.
On the stock's detail page, you'll see a wealth of information, including real-time charts, news, financial data, and, most importantly, the "Trade" button.
Step 3: Initiating the Sell Order
This is where the magic happens! You're now ready to tell Webull you want to sell.
3.1 Tapping the "Trade" Button
Locate and Tap "Trade": On the stock's detailed quote page, you'll see a prominent "Trade" button. Tap this to open the order entry screen.
3.2 Choosing "Sell"
Select "Sell": The order entry screen will default to a "Buy" order. Make sure to toggle or select the "Sell" option to indicate your intention to sell shares.
Step 4: Understanding and Selecting Your Order Type
This is a crucial step that determines how your sell order will be executed. Webull offers various order types to give you control over your trades.
4.1 Exploring Common Order Types
Market Order: This is the simplest order type. A market order instructs Webull to sell your shares immediately at the best available current market price. While it guarantees execution, it does not guarantee the exact price you'll receive, especially in volatile markets.
When to use: If you prioritize immediate execution and are comfortable with the current market price.
Limit Order: A limit order allows you to set a specific minimum price at which you are willing to sell your shares. Your order will only be executed if the market price reaches your specified limit price or higher. If the price doesn't reach your limit, the order will not be filled.
When to use: If you want to ensure you sell at a certain price or better.
Stop Order (Stop-Loss Order): A stop order is used to limit potential losses. You set a "stop price" below the current market price. If the stock's price falls to or below your stop price, your stop order automatically converts into a market order and will be executed at the best available price.
When to use: To protect against significant downturns. Be aware that it converts to a market order, so the execution price might be below your stop price in fast-moving markets.
Stop-Limit Order: This is a more refined version of a stop order. You set two prices: a stop price and a limit price. When the stock's price falls to or below the stop price, it triggers a limit order at your specified limit price. This means your order will only execute at or above your limit price, offering more control than a pure stop order. However, there's a risk it might not fill if the price drops too quickly past your limit.
When to use: To limit losses while still having some control over the execution price.
For fractional shares, Webull typically only allows Market Orders during regular trading hours. Look for a green diamond logo indicator on the stock's page to confirm fractional share eligibility.
4.2 Selecting Your Preferred Order Type
Tap "Order Type": On the order entry screen, tap on the "Order Type" field.
Choose from the List: Select the order type that best suits your selling strategy.
Step 5: Specifying the Quantity and Price (if applicable)
Once you've chosen your order type, you need to tell Webull how much you want to sell and, for certain order types, at what price.
5.1 Entering the Quantity
Input Number of Shares: In the "Quantity" field, enter the number of shares you wish to sell. You can choose to sell all your shares or just a portion.
Fractional Shares: If you're selling fractional shares, you might have the option to input the amount in shares (e.g., 0.5 shares) or in USD (e.g., $100 worth of shares). Check for the "Amount in Share" or "Amount in USD" option.
5.2 Setting the Price (for Limit and Stop-Limit Orders)
Enter Limit Price: If you chose a Limit or Stop-Limit order, you will need to input your desired selling price in the "Limit Price" field. Remember, your order will only execute at this price or higher.
Step 6: Setting the Time-in-Force (TIF)
The "Time-in-Force" (TIF) determines how long your order will remain active if it isn't immediately filled.
6.1 Understanding TIF Options
Day Order (DAY): This is the default. Your order will be active only for the current trading day. If it's not executed by market close, it will automatically expire.
Good-Til-Cancelled (GTC): Your order remains active until it is executed or you manually cancel it. GTC orders typically remain active for a certain period (e.g., 60 days) before expiring.
Extended Hours (Include Ext): If you want your order to be active during pre-market or after-hours trading sessions, you'll need to select this option. Note: Only limit orders are generally allowed during extended hours due to lower liquidity and higher volatility.
6.2 Selecting Your TIF
Tap "Time-in-Force": Tap on the "Time-in-Force" field.
Choose Your Duration: Select the option that aligns with how long you want your order to be live.
Step 7: Reviewing and Placing Your Order
This is your final chance to double-check everything before sending your order to the market.
7.1 Confirming Order Details
Carefully Review All Information: Before placing the order, take a moment to thoroughly review all the details:
Action: Sell
Symbol: The correct stock you intend to sell
Order Type: Market, Limit, Stop, or Stop-Limit
Quantity: The exact number of shares
Price (if applicable): Your specified limit or stop price
Time-in-Force: DAY, GTC, or Include Ext.
Estimated Amount: The approximate proceeds you expect to receive.
7.2 Entering Your Trading Password
Input Trading Password: For security purposes, Webull requires you to enter your 6-digit trading password to confirm a trade. This is a separate password from your login password. Make sure you remember this!
7.3 Placing the Order
Tap "Sell": Once you are confident that all the details are correct and you've entered your trading password, tap the "Sell" button to submit your order.
Step 8: Monitoring Your Order and Confirmation
After placing your order, it's essential to monitor its status.
8.1 Checking Order Status
Navigate to the "Orders" Tab: You can typically find a "Orders" or "Open Orders" section within your Webull account. Here, you can see the status of your sell order (e.g., "Pending," "Partially Filled," "Filled," or "Cancelled").
Receive Notifications: Webull will usually send you push notifications or email alerts when your order is filled or if there are any updates.
8.2 Confirmation
Order Filled: Once your sell order is successfully executed, it will show as "Filled." The proceeds from the sale will be credited to your Webull cash balance. Note that it may take a few business days for the funds to fully settle before they are available for withdrawal.
Fees Associated with Selling Shares on Webull
While Webull advertises "commission-free" trading, it's important to understand that certain regulatory and exchange fees may still apply when selling shares. These are typically very small and often absorbed by the broker or passed on as negligible amounts.
Regulatory Fees: These are imposed by regulatory bodies like the SEC (Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority) in the US.
Exchange Fees: Stock exchanges may charge small fees for order execution.
In most cases, for typical retail investors, these fees are minimal and won't significantly impact your overall proceeds.
FAQs: How to Sell Shares on Webull
Here are 10 related FAQ questions to help you further understand the process:
How to sell all shares of a particular stock on Webull? To sell all shares, simply select the stock from your positions, tap "Trade," choose "Sell," and then enter the full quantity of shares you hold in the "Quantity" field before placing a market or limit order.
How to sell fractional shares on Webull? Webull allows selling of fractional shares for select US stocks and ETFs. Go to the stock's page (look for a green diamond indicator), tap "Trade," select "Sell," choose "MARKET - Fractional Shares Trading Enabled" as the order type, and then input the amount in either "Amount in Share" or "Amount in USD." Note: Fractional shares can usually only be sold via market orders during regular trading hours on the mobile app.
How to cancel a pending sell order on Webull? To cancel a pending sell order, navigate to your "Orders" section. Find the order you wish to cancel and tap on it. You should see an option to "Cancel Order." Confirm the cancellation.
How to withdraw money after selling shares on Webull? Once your sell order is filled and the funds have settled (which can take 1-5 business days), you can withdraw them. Tap the Webull logo, go to "Transfers," then "Withdraw," select your bank account, enter the amount, and submit.
How to understand the different sell order types on Webull? Market orders sell immediately at the current price, limit orders sell at a specific price or better, stop orders trigger a market order when a certain price is reached (for loss limitation), and stop-limit orders trigger a limit order when a certain price is reached.
How to sell shares during extended hours on Webull? To sell during pre-market or after-hours, when placing your sell order, select "Include Ext." for the "Trading Hours" or "Time-in-Force" option. Remember that only limit orders are typically allowed during extended hours due to lower liquidity.
How to check the status of my sell order on Webull? You can check the status of your sell order by going to the "Orders" tab within your Webull account. Here you'll see if your order is pending, partially filled, filled, or cancelled.
How to find the trading password for Webull to sell shares? Your trading password is a 6-digit PIN you set up during account creation. If you've forgotten it, you can typically reset it through the app's security settings or by answering security questions.
How to avoid common mistakes when selling shares on Webull? Always double-check your order details (buy/sell, quantity, price, order type), understand market volatility (especially for market orders), be aware of trading hours, and remember your trading password.
How to sell shares that are part of a Smart Portfolio on Webull? If your shares are part of a Smart Portfolio, you typically have two options:
"Sell" the asset within the portfolio itself, often by selecting a designated percentage to sell.
"Dissolve" the entire Smart Portfolio, which will sell all positions within it. You can find this option usually under "More operations" within the portfolio settings.