Ready to cash in on your investments? Selling your stock on Webull is a straightforward process, but understanding the nuances of order types and timing can make all the difference. This comprehensive guide will walk you through every step, ensuring a smooth and successful sale.
Are you ready to turn your investments into cash? Let's get started!
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| How To Sell Your Stock On Webull |
Step 1: Accessing Your Webull Account and Portfolio
The first crucial step is to log into your Webull account. Whether you're using the mobile app, desktop platform, or web version, the interface is designed to be intuitive.
Sub-heading: Logging In
Mobile App: Open the Webull app on your smartphone or tablet. You'll typically find the login screen directly, or you may need to tap the Webull logo at the bottom center of the screen to access your account.
Desktop/Web: Navigate to the Webull website or launch the desktop application. Enter your username and password to gain access to your trading dashboard.
Sub-heading: Navigating to Your Positions
Once logged in, you need to find the stock you wish to sell.
Mobile App: Tap on the Webull logo (bottom center of the screen) to enter your account overview. From there, look for a section like "My Positions" or "Portfolio". This will display all the stocks and other assets you currently hold.
Desktop/Web: On the desktop or web platform, you'll usually see your portfolio summary on the main screen or accessible through a "Portfolio" or "Account" tab. Click on it to view your holdings.
Step 2: Selecting the Stock to Sell
Now that you're in your portfolio, it's time to pinpoint the specific stock you want to offload.
Sub-heading: Identifying Your Holdings
Scroll through your list of holdings until you find the stock you intend to sell. You'll see details like the stock symbol, current price, quantity held, and your profit/loss.
Pro Tip: If you have many holdings, use the search bar within your portfolio to quickly locate the desired stock by its ticker symbol (e.g., AAPL for Apple).
Sub-heading: Initiating the Sell Order
Once you've found the stock:
Tap on the stock (mobile app) or click on the stock (desktop/web) to open its detailed quote page.
On this page, you'll usually see prominent "Trade" or "Sell" buttons. Click or tap the "Sell" button to proceed.
Step 3: Understanding Webull Order Types for Selling
This is a critical step where you define how you want your stock to be sold. Webull offers several order types, each with its own advantages and disadvantages.
QuickTip: Read line by line if it’s complex.
Sub-heading: Market Order
What it is: A market order is an instruction to buy or sell a stock immediately at the best available current price.
When to use it: This is best for situations where you prioritize speed of execution over a specific price. If you need to sell quickly, perhaps due to rapidly changing market conditions, a market order can be efficient.
Caution: While it guarantees execution, it does not guarantee the price. In volatile markets, the execution price might be significantly different from the last quoted price you saw.
Sub-heading: Limit Order
What it is: A limit order allows you to specify a minimum price at which you are willing to sell your stock. Your order will only be executed if the market price reaches or exceeds your specified limit price.
When to use it: Use a limit order when you want to ensure you get a certain price for your shares. This is ideal if you're not in a hurry and want to capitalize on a specific price target.
Note: There's no guarantee your order will be filled if the market price never reaches your specified limit.
Sub-heading: Stop Order (Stop-Loss)
What it is: A stop order (often called a stop-loss order when selling) is an order to sell a stock once its price falls to a specified "stop price." Once the stop price is triggered, it becomes a market order.
When to use it: This is primarily used to limit potential losses on a stock. If you're concerned about a stock dropping significantly, a stop-loss can help protect your capital.
Important: Since it converts to a market order upon trigger, the actual execution price might be below your stop price, especially in fast-moving markets.
Sub-heading: Stop-Limit Order
What it is: This combines aspects of both stop and limit orders. You set a "stop price" and a "limit price." Once the stop price is reached, it triggers a limit order at your specified limit price.
When to use it: A stop-limit order gives you more control than a simple stop order. It's useful when you want to limit losses but also want to avoid selling at an unacceptably low price in a volatile market.
Consideration: If the price drops below your limit price after the stop is triggered, your order might not be filled.
Sub-heading: Trailing Stop Order
What it is: A trailing stop order is a dynamic stop order. Instead of a fixed stop price, it moves with the stock's price, maintaining a specified percentage or dollar amount below the market price. If the stock price falls by that percentage/amount from its peak, the order is triggered.
When to use it: This is excellent for protecting profits while allowing a stock to continue rising. It helps you lock in gains without having to constantly adjust your stop-loss manually.
Good to know: Webull supports trailing stop orders for stocks, but they may not be available for all asset types like options.
Step 4: Entering Your Sell Order Details
Once you've chosen your order type, you'll need to fill in the specifics.
Sub-heading: Quantity
Enter the number of shares you wish to sell. You can typically sell all your shares or a partial amount.
Fractional Shares: Webull allows trading fractional shares. If you own fractional shares, you can sell them by specifying the exact amount, down to three decimal places (e.g., 0.500 shares). For fractional shares, only market orders are usually permitted.
Sub-heading: Price (for Limit/Stop-Limit Orders)
If you selected a Limit or Stop-Limit order, you'll need to input your desired limit price. This is the minimum price you're willing to accept.
Sub-heading: Stop Price (for Stop/Stop-Limit Orders)
For Stop and Stop-Limit orders, enter your stop price. This is the price that triggers your order.
Sub-heading: Time-in-Force (TIF)
This setting determines how long your order will remain active if it's not immediately filled.
Day: The order is active only for the current trading day. If it's not filled by market close, it will expire.
Good-Til-Cancelled (GTC): The order remains active until it is executed or until you manually cancel it. GTC orders on Webull typically last for 60 days unless filled.
Other options (less common for selling): You might see "Immediate or Cancel (IOC)" or "Fill or Kill (FOK)," which have very specific execution requirements. For most standard sell orders, Day or GTC are sufficient.
Sub-heading: Reviewing Estimated Costs
Tip: Slow down when you hit important details.
Webull is generally commission-free for stock and ETF trades. However, there are small regulatory fees that apply to sell orders. Before confirming, Webull will often display an "Estimated Cost" breakdown. This includes:
Regulatory Fees: These are very small fees imposed by regulatory bodies like the SEC.
Exchange Fees: Fees charged by the exchanges where the trade occurs.
Good news: Webull aims for transparency, so you'll see these minimal charges clearly laid out before you commit.
Step 5: Reviewing and Confirming Your Order
Before hitting that final "Sell" button, it's crucial to double-check everything.
Sub-heading: Order Summary
Webull will present a summary of your sell order, including:
Stock Symbol: Ensure it's the correct stock.
Order Type: Verify you've selected the intended order type (Market, Limit, Stop, etc.).
Quantity: Confirm the number of shares.
Price (if applicable): Check your limit or stop price.
Time-in-Force: Make sure it's set correctly.
Estimated Cost/Proceeds: Review the estimated amount you'll receive after any fees.
Sub-heading: Placing the Order
Once you're satisfied with all the details, click or tap the "Sell" or "Confirm Sell" button. You might be prompted to enter your trading password for security.
Step 6: Monitoring Your Sell Order
After placing your order, it's essential to monitor its status.
Sub-heading: Order Status
You can typically find your active and completed orders in a "Orders" or "Order History" section within your Webull account.
Pending/Open: Your order has been placed but not yet filled.
Filled/Executed: Your order has been successfully completed.
Partially Filled: If you placed a large order, it might be filled in smaller chunks.
Canceled: You manually canceled the order, or it expired (e.g., a Day order at market close).
Sub-heading: Viewing Your Cash Balance
Once your sell order is filled, the proceeds will be credited to your Webull account's cash balance. Keep in mind that it takes time for funds to "settle" before they can be withdrawn.
Step 7: Understanding Fund Settlement and Withdrawal
Selling your stock on Webull means the cash isn't immediately available for withdrawal. It needs to settle first.
QuickTip: Stop to think as you go.
Sub-heading: Settlement Period
For most stock sales in the US, the settlement period is T+2, meaning the transaction settles two business days after the trade date. For example, if you sell on a Monday, the funds will typically settle by Wednesday.
During this period, the cash is visible in your account but is not yet available for withdrawal to your bank. You can often use these "unsettled" funds to purchase other securities on Webull.
Sub-heading: Initiating a Withdrawal
Once your funds have settled:
Navigate to "Transfers" or "Withdraw" within your Webull account (usually found by tapping the Webull logo on mobile or in the "Account" section on desktop/web).
Select "Withdraw Money" or a similar option.
Choose your linked bank account for the withdrawal. Ensure your bank account is verified and linked to your Webull account.
Enter the amount you wish to withdraw. Be mindful of any daily withdrawal limits ($50,000 for ACH withdrawals on Webull).
Review and confirm your withdrawal request.
Sub-heading: Withdrawal Timeframes
ACH Withdrawals: These are common and usually take 2-3 business days to process and appear in your bank account after they are initiated from Webull.
Wire Transfers: While potentially faster (1-2 business days for domestic wires), these often incur a fee from Webull or its clearing firm.
Step 8: Tax Implications of Selling Stock
Selling stock can have tax consequences, and it's essential to be aware of them.
Sub-heading: Capital Gains and Losses
When you sell a stock for more than you paid for it, you realize a capital gain.
When you sell a stock for less than you paid for it, you realize a capital loss.
Sub-heading: Short-Term vs. Long-Term Capital Gains
Short-Term Capital Gains: If you held the stock for one year or less before selling, your profits are considered short-term capital gains and are typically taxed at your ordinary income tax rate.
Long-Term Capital Gains: If you held the stock for more than one year before selling, your profits are considered long-term capital gains and are generally taxed at a lower, more favorable rate.
Sub-heading: Tax Reporting
Webull will provide you with the necessary tax documents (e.g., Form 1099-B) at the end of the tax year, detailing your sales and proceeds.
Disclaimer: This is not tax advice. It's highly recommended to consult with a qualified tax professional to understand your specific tax obligations and for personalized advice.
Frequently Asked Questions (FAQs)
How to sell all my shares of a stock on Webull?
To sell all your shares, simply select the stock in your portfolio, tap "Sell," and then enter the full quantity of shares you hold in the "Quantity" field before confirming your order.
How to cancel a pending sell order on Webull?
Go to the "Orders" or "Open Orders" section in your Webull app or desktop platform. Find the pending sell order you wish to cancel and tap or click on it. You should see an option to "Cancel Order."
Tip: Read once for gist, twice for details.
How to sell fractional shares on Webull?
Webull allows you to sell fractional shares. When initiating a sell order, you can specify the exact fractional quantity you wish to sell (e.g., 0.5 shares). Keep in mind that fractional shares generally only support market orders.
How to set a stop-loss order when selling on Webull?
When placing your sell order, select "Stop" or "Stop-Limit" as your order type. Then, input the specific "Stop Price" that, if reached, will trigger your sell order. For a Stop-Limit, you'll also set a "Limit Price."
How to see the fees associated with selling stock on Webull?
While Webull offers commission-free trading, small regulatory and exchange fees apply to sell orders. These fees will be clearly displayed in the "Estimated Cost" or "Order Details" section before you confirm your sell order.
How to withdraw funds after selling stock on Webull?
After your sell order executes and the funds settle (typically T+2 business days), navigate to "Transfers" and then "Withdraw Money" in your Webull account. Select your linked bank account and enter the amount you wish to withdraw.
How to check the status of my withdrawal from Webull?
You can track the status of your withdrawal by going to "Transfers" and then "Recent Activity" on the Webull mobile app or a similar section on the desktop/web platform. This will show you the processing stage of your transfer.
How to sell stock during pre-market or after-hours on Webull?
To sell during extended hours, place a limit order and ensure you select the "Include Extended Hours" option under "Trading Hours" when configuring your order. Market orders are generally not recommended for extended hours due to potential volatility.
How to understand the difference between market and limit sell orders?
A market sell order executes immediately at the best available price but doesn't guarantee a specific price. A limit sell order will only execute at or above your specified limit price, guaranteeing the price but not the execution.
How to deal with tax implications after selling stock on Webull?
Webull will provide you with a Form 1099-B at the end of the tax year, detailing your stock sales. You'll need to report capital gains or losses on your tax return. It's highly recommended to consult with a tax professional for personalized advice.
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