Do you want to clear your Webull portfolio and sell off all your positions? Whether you're rebalancing your investments, taking profits, or simply looking to exit the market, Webull provides a straightforward way to manage your holdings. This comprehensive guide will walk you through the process step-by-step, ensuring you can sell all your positions efficiently on both the mobile app and desktop platform.
Are you ready to streamline your portfolio and move on to your next investment adventure? Let's dive in!
Step 1: Accessing Your Webull Account and Navigating to Positions
The very first thing you need to do is log into your Webull account. This can be done via the mobile app on your smartphone or the desktop platform on your computer.
On the Mobile App:
Open the Webull app on your device.
Enter your PIN, use Face ID, or your fingerprint to log in securely.
Once logged in, you'll usually land on the home screen or dashboard. Look for the "Accounts" or "My Positions" tab, often represented by an icon that looks like a person or a portfolio. Tap on it.
On the Desktop Platform:
Launch the Webull Desktop application or navigate to the Webull Web platform in your browser.
Enter your login credentials (username and password).
After logging in, you'll typically see your portfolio summary. Look for the "Positions" or "Account" tab in the main navigation bar. Click on it.
Regardless of the platform, this section will display a detailed list of all your current holdings, including stocks, ETFs, options, and any other assets you own. You'll see information like the ticker symbol, quantity, average cost, current price, and your profit/loss.
Step 2: Identifying the Positions You Want to Sell
Now that you're in your positions view, it's time to decide which assets you want to sell. Since your goal is to sell all positions, you'll be looking at each line item in your portfolio.
Reviewing Your Holdings: Take a moment to review the list. Even though you intend to sell everything, it's good practice to quickly verify the positions displayed.
Understanding Your Gains/Losses: Webull clearly shows your profit and loss (P&L) for each position. Green indicates a gain, while red indicates a loss. This information can be helpful for tax purposes, though the immediate goal is to liquidate.
Step 3: Initiating the Sell Order for Each Position
This is where the actual selling begins. Webull allows you to sell individual positions. While there isn't a single "sell all" button for diverse portfolios (unless you're dissolving a specific "Smart Portfolio" which is a different feature), you'll go through each asset.
On the Mobile App:
Tap on the specific stock or ETF you wish to sell from your "Positions" list.
This will take you to the detailed quote page for that asset.
Look for the "Trade" or "Sell" button. Tap on it.
A trade order screen will appear. Ensure the action is set to "Sell."
Input the quantity: Since you want to sell all of this particular position, enter the full number of shares you own for that asset. Webull will often have a "Max" or "Sell All" option to auto-fill this for you.
Choose an Order Type:
Market Order: This is the quickest way to sell. Your order will be executed immediately at the best available market price. Be aware that the price can fluctuate rapidly, so you might sell at a slightly different price than what you saw moments ago. This is generally the preferred method for quickly closing all positions.
Limit Order: If you want to sell at a specific price or better, choose a limit order. Enter your desired "Limit Price." Your order will only execute if the market price reaches your specified limit or better. This might mean your order doesn't fill immediately or fully if the price isn't met. For selling all positions quickly, a market order is usually more appropriate.
Other Order Types: Webull offers various other order types like Stop Loss, Stop Limit, Trailing Stop, etc. While useful for specific strategies, for a quick "sell all," they are generally not necessary.
Time-in-Force: For a quick sell, "Day" is usually sufficient, meaning the order is active until the market closes.
Review all the details of your order.
Tap "Sell" or "Place Order."
You will likely receive a confirmation pop-up. Review it carefully and then confirm the trade.
On the Desktop Platform:
From your "Positions" tab, right-click on the specific stock or ETF you wish to sell, or click on the row to highlight it and then look for the "Trade" or "Sell" button, often located in a trade ticket window.
Ensure the action is set to "Sell."
Input the quantity: Enter the full number of shares you hold for that asset. Many traders will select the "Max" option if available to sell all shares of that particular stock.
Choose an Order Type: As with the mobile app, a Market Order is generally fastest for liquidating all positions.
Time-in-Force: "Day" is standard for immediate execution.
Review the order details in the trade ticket.
Click "Sell" or "Place Order."
Confirm the trade when prompted.
You will need to repeat this process for every individual position you hold until your portfolio is empty.
Step 4: Confirming Your Sell Orders
After placing each sell order, it's crucial to confirm that they have been executed or are pending.
Checking Order Status:
On Mobile: Navigate to the "Orders" tab (often found near your "Positions" tab). Here you will see a list of your open, filled, and canceled orders.
On Desktop: Look for an "Orders" or "Order History" section, usually accessible from your main account view or a dedicated panel.
Understanding Order Statuses:
Filled: This means your shares have been successfully sold, and the cash will be reflected in your account.
Pending/Working: Your order has been placed but not yet executed (most common with limit orders if the price hasn't been met).
Canceled: The order was canceled, either by you or by Webull (e.g., if a day order wasn't filled by market close).
Verify Cash Balance: Once your orders are filled, your cash balance in your Webull account should increase by the amount of your sales, minus any commissions or regulatory fees. Keep in mind that funds from stock sales generally settle in T+2 business days (trade date plus two business days), meaning the cash will be fully available for withdrawal or other investments after two business days.
Step 5: Verifying an Empty Portfolio
The final step is to ensure that all your positions have indeed been sold.
Go back to your "Positions" tab on either the mobile app or desktop platform.
If all your positions have been successfully sold, this section should now appear empty or show a cash balance with no open stock/ETF holdings.
Patience for Settlement: Remember the T+2 settlement period. While your positions will show as sold immediately, the cash won't be fully "settled" for a couple of business days.
Important Considerations When Selling All Positions:
Market Hours: Always ensure you are placing orders during regular market hours (9:30 AM to 4:00 PM ET for US markets) for best liquidity and immediate execution, especially if using market orders. While Webull offers extended hours trading, liquidity can be thinner, leading to wider bid-ask spreads.
Fees: While Webull is known for its commission-free stock and ETF trading, be aware that regulatory fees and exchange fees may still apply to your transactions. These are usually small amounts.
Tax Implications: Selling positions, especially those held for less than a year (short-term gains) or more than a year (long-term gains), will have tax implications. Consult a tax professional to understand how selling your positions will affect your tax situation. Webull will provide you with tax documents at the end of the year.
Margin Accounts: If you have a margin account and are holding positions on margin, selling them will pay down any outstanding margin loan first. Be mindful of potential margin calls if you are close to your maintenance margin requirement.
Options and Futures: Selling options and futures contracts follows a similar process but has additional complexities and risks. Ensure you understand the specifics of closing these positions. For options, you'll be looking to "Sell to Close" your existing contracts.
10 Related FAQ Questions
Here are 10 frequently asked questions about selling positions on Webull, starting with "How to" for quick reference:
How to check if my sell order was filled on Webull? You can check the status of your sell orders by navigating to the "Orders" tab within your Webull mobile app or desktop platform. Orders will typically show as "Filled," "Working" (pending), or "Canceled."
How to sell fractional shares on Webull? Selling fractional shares on Webull follows the same process as selling whole shares. When placing a sell order, simply enter the exact fractional quantity you wish to sell, or choose the "Max" option to sell your entire fractional holding of that particular stock.
How to know if I'm selling at a profit or loss on Webull? In your "Positions" tab, Webull displays a "P/L" (Profit/Loss) column for each of your holdings. A green number indicates a profit, and a red number indicates a loss, based on your average purchase price and the current market price.
How to set a limit price when selling on Webull? When placing a sell order, select "Limit" as the order type. You will then be prompted to enter the specific price at which you want your shares to be sold. Your order will only execute at that price or better.
How to sell a short position on Webull? To close a short position on Webull, you need to "Buy to Cover" the shares you initially borrowed and sold. Go to the detailed quote page of the stock you are short, select "Buy" as the action, and then choose "Cover" as the order type.
How to withdraw cash after selling all positions on Webull? Once your sell orders have settled (typically T+2 business days), the cash will be fully available. You can then initiate a withdrawal by going to your "Account" tab, selecting "Withdrawal," and following the prompts to transfer funds to your linked bank account.
How to cancel a pending sell order on Webull? To cancel a pending sell order, go to your "Orders" tab. Find the order you wish to cancel (it will show as "Working" or "Pending") and tap/click on it. You should see an option to "Cancel Order."
How to sell an option contract on Webull? To close an existing long option contract, you'll need to "Sell to Close" it. Navigate to your "Positions" tab, select the option contract, and then choose "Sell to Close." For short option contracts, you would "Buy to Close."
How to sell positions outside of regular market hours on Webull? Webull offers extended-hours trading (pre-market and after-hours). When placing a sell order, you'll typically see an option to select "Extended Hours" or "Good Till Canceled" (GTC) if you want the order to remain active outside of regular market hours. Be aware of lower liquidity and wider spreads during these times.
How to understand settlement times for cash after selling on Webull? For most stock and ETF sales, the settlement period is T+2 business days. This means that while your positions are removed from your account immediately after the trade, the cash equivalent will only be fully available for withdrawal or reinvestment into other non-marginable securities after two business days from the trade date.
