How Do I Sell Stocks on Merrill Edge?
Selling stocks on Merrill Edge is quick and easy if you know the steps involved. When logging into your account, go to the "Trade" section and fill out the necessary information for selling stocks. Make sure all information is correct before submitting your order. Monitor the process to ensure a smooth transaction. Importantly, ensure you only make an investment decision after thorough research and consultation with a financial advisor.
Selling stocks can be a mixed experience, depending on whether the price has gone up or down. With Merrill Edge, you can conveniently invest and trade online. Learn how to sell stocks on Merrill Edge below.
1. Log Into Your Merrill Edge Account
Log into your Merrill Edge account to begin the process. First-time users need to create an account and link it with a Bank of America (BOA) account.
2. Visit the Trade Section
After logging into your Merrill Edge account, you'll see the option to trade in the "Trade" section of the platform. This section offers various tools that can help you make better investment decisions.
3. Choose the Stock To Sell
From the "Trade" page, click on the stock you wish to sell from your portfolio. The platform offers two ways to search for a specific stock: either by entering the company name or symbol, or manually navigating through your holdings.
4. Initiate the Sell Order
Locate the specific stock and click the "Sell" button. This prompts the order entry form to appear.
5. Specify the Details
The order entry form requires you to provide details about your sell order. This includes the number of shares you intend to sell, the order type (market, limit and stop), and the order duration (day and good till canceled).
6. Review and Confirm
Before clicking "Sell" on your online trading platform, take a moment to review the details of the trade. Enter accurate information for an order because once you execute it, you may not change or withdraw it.
7. Submit Your Sell Order
When you're satisfied with your order, click the "Submit" or "Place Order" button to complete it. The system will ask you to confirm your order a second time before processing it.
8. Monitor the Execution
After submitting a sell order, monitor the execution of your transaction. You can track it by visiting the "Order Status" page.
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