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Can you set stocks to sell automatically?
Stockbrokers offer various types of sell orders that let you customize how you sell stock after you buy shares. Two of these — stop orders and stop-limit orders — act like a safety net. They instruct your broker to automatically sell a stock when it falls to or below a specified price, called a stop price.
How do you sell a stock when it reaches a certain price?
A stop order, also referred to as a stop-loss order is an order to buy or sell a stock once the price of the stock reaches the specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order.
Can you set a stop loss and limit sell at the same time?
Yes, as far as the market is concerned, you can submit a limit order to sell at a good price and stop-loss to sell the same asset at a bad price.
Can you sell stocks instantly?
You can sell a small number of shares instantly at the current bid price. These are all buyers who want to buy right now and the exchange will make the trade happen immediately if you put in a sell order for 1543.0 p or less. If you want to sell 2435 shares or fewer, you are good to go.
Does Robinhood automatically sell options?
If your option is in the money, Robinhood will typically exercise it for you at expiration automatically. You can also exercise your options contract early in the app: Navigate to the options position detail screen. Select Exercise.
What is a limit sell Robinhood?
With a sell limit order, you can set a limit price, which should be the minimum amount you want to receive for a contract. The contract will only be sold at your limit price or higher. If the market is closed, the order will be queued for market open.
How do I automatically sell a stock?
The type of order you’ll want to use to automatically sell a stock when it reaches a specific price level is called a Limit order. A Limit order is used to buy a security at (or below) a specific price, or to sell a security at (or above) a specific price.
How do I limit the amount of stock I can sell?
Using Etrade, in the Action box select Sell. In the Quantity box enter 10. For the Price Type box select Limit because you want to set the minimum price per share you’re willing to sell your stock for. A Limit Price box appears, enter 91.50.
How do I use a stop-loss order to sell a stock?
After purchasing stock, you can use a stop-loss order to specify a stop price at which you want to sell the stock. You can also manually track the stock’s price and sell it when the price reaches what you’re looking for.
What happens when a stock goes down instead of up?
When you buy a stock, the goal is to have it go up in value and produce a profit for your brokerage account. However, it can be a prudent strategy to set a price to sell below the purchase price, so if the stock goes down instead of up, your losses are limited.