A step-by-step guide on how to trade (Buy and Sell) Stocks on Webull!
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Now that we finished with the walkthrough around the platform it is time to get down to business, as the main purpose of opening an account and learning all this about Webull is because we want to trade.
So without further ado, let’s buy and sell some stocks. For that action you can use paper trading, but the process is identical in your real account as well.
First, you need to get to the trading tab. Once on the trading interface, select the stock you want to buy. I have picked Apple, and we will proceed by buying 10 shares.
We will head to the right top widget which is the trade widget and since we want to buy we will click buy until it becomes green .
Below that we have to enter the quantity and pick the order type.
I will pick 10 shares, and for order type you are presented with two options, the Limit and the Market.
If you pick Limit then you will be asked what is the limit price you want to buy these shares, If I enter 139.26, the 10 shares will not be bought until the price reaches that level.
And there is always the possibility that the shares will not reach that price, so if the good for the day is selected as duration, at the end of the day if the price is not met, the order will not be executed, and you will not get the shares. Keep in mind that with that option the order will be canceled at the end of day as well.
For this order I will select Limit and place it.
As you can see in the order box below the chart, the order is not filled yet, but it is waiting to be filled. That will happen only if price gets to 139.26
I mostly like to trade limits especially when it’s for a short term trading, but when I want to buy a stock for a long term I don’t mind buying market price as I have done my research and I determined that a few cents will not make a difference
I will go ahead and place another order.
This time it will be a market order, and you will see that it will be filled extremely fast.
Once more head to the trade box, add 10 shares, pick market and hit trade. The order was filled at 139.34 cents and now it’s on both the positions and order tab.
On the position tab you can see the Symbol, Quantity, Market Value of your shares , and that is the current price multiplied by the number of shares you have, the last price, the average price, and the Total Cost, which is the amount of money you paid to acquire these shares.
In my case I paid 1393.4 and now the shares are trading lower . So on my unrealized profit and loss box we can see -.10 cents.
Even though this is not an ideal setup which I will have to create, keep in mind that you always need to have the position and the order widgets on your screen.
On the order widget you can see your current positions, the opened ones, as well as the ones executed or canceled, so its a great way to overview really quick what is going on with your trading.
I switched from working or open orders on the order tab to the filled ones so I can see all my orders so far.
These were the two ways to buy a stock on Webull, and by that I mean market order and Limit order.
Now let’s see how we can sell a stock, and I am pretty sure you already know, but let’s proceed.
Click the sell button, everything will turn red there, and you have the option to set the market or limit types of order once more. If you are determined that the stock will rise more you may set a limit order , let’s say 145$ and you go for a walk or focus on other trades. On the other hand if you are happy with the current market price and potentially the profits you are making at the moment you can sell on the market.
Something that I missed explaining in detailed on the buy limit, is that you can have a time frame for the limit order. You can do good until canceled or GTC as is presented here, which stands for good for the day. The Good until cancel means that the 140 sell order will there until its met, it could days or weeks, and the Good for the day is good until the end of day, if that price is not met then the sell order will be canceled, and you can also pick if you want to have extended hours include in it.
Anyway I will go ahead and sell the market so I can close the order and have it filled fast. Done! The order was closed and I made 3.30$! You can see it on the days P&L on the top left on my screen. 300K more trades like this and I am a millionaire haha! Just kidding.
Anyway those were the most common ways to buy and sell stocks on Webull.
However, there is another way to place an order is by right clicking inside the chart, there you will have the option to place a new order or a new advanced order. Clicking a new order you will have a new pop up trading window on your screen.
Following the same steps that we did before you can place an order. I have alsw switched from paper account to the real trading account as I realized that on paper trading you are presented with the options to set stop loss and take profit order. That helps a lot when day trading so I am really glad to see it here.
You can also open or close an order for the position tab, head to the stock you want to sell, on my real account I have two frictional stocks given to me as a sign up bonus, click on the three dots next to the symbol and you will be presented with a few options. You can colose the order, you can set stop loss and take profit, view quote , create a new order, in that case you will get the stock on your chart and trade widget, and last you can view order details.
Let’s click Close order, the pop up window comes up, with prefilled quantity and limit price. That way you can easily and quickly exit your positions.
That is how you buy and sell stocks on Webull trading platform.