How Do I Sell Stocks on TradeStation?
TradeStation allows you to buy and sell stocks and options on the platform. When setting up to sell stocks on TradeStation, make sure you consider timing, as it can take a while for trades to be fulfilled. This is because trades are sent to a broker before going to the market, which can take some time, and during this time, stock prices can change.
If you want to know how to trade stocks on TradeStation, you are in the right place. This article contains tons of information about stock trading with TradeStation.
Trading Stocks On TradeStation
A TradeStation equities account allows you to trade both options and stocks. The commission plan you select, whether TS GO, TS SELECT, Per Share, or others, applies to options and stock trading in your account.
About Trade Execution
Trade execution is the fulfillment of buying or selling orders. To execute a trade with a brokerage account, the investor first submits an order to buy or sell that is sent to a broker. On the investor's behalf, the broker sends the order to a chosen market. After an order in the market gets fulfilled, it is considered executed.
Why Timing Is Important for Trade Executions?
The method used and the timing for the trade execution both affect the price an investor pays for the stock. The reason why timing is so important is that trades are generally not executed instantaneously. By the time a trade gets fulfilled, stock prices may change from what was ordered by the investor, since before trades go to the market, they must first go to a broker.
How to Place a Sell Order for Equity
When choosing your options to sell a stock, take note that the durations and routes grayed out are unavailable.
Follow these steps to place a sell market order:
- Enter the symbol for the order you want to place in the "Symbol" box.
- Click the up or down arrow to choose the dollar amount or number of shares in the quantity field, and click the number or dollar sign to specify the amount referred to by the quantity field.
- From the drop-down menu in "Order Type," select the order market.
- From the "Route" menu, select the route to use.
- From the "Duration" menu, choose how long the order should be valid.
- From the "Account No." menu, choose the account for order settlement.
- Click "Sell."
- In the confirm dialog box, click "Yes" to send or "No" to cancel the order.
Follow these steps to place a sell limit order:
- Enter the symbol for the order you want to place in the "Symbol" box.
- Click the up or down arrow to choose the dollar amount or number of shares in the quantity field and click the number or dollar sign to specify the amount referred to by the quantity field.
- Click "Auto" if you want to adjust the price automatically or set your price limit in the "Limit Price" field by using the up and down arrows to adjust the price.
- From the drop-down menu in "Order Type", select Limit.
- From the "Route" menu, select the route to use.
- From the "Duration" menu, choose how long the order should be valid.
- From the "Account No." menu, choose the account for order settlement.
- Click "Sell."
- In the confirm dialog, click "Yes" for the order to be sent or "No" to cancel.
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