With the rise in popularity of online stock trading platforms, Robinhood has become a go-to choice for many investors. As a beginner in the world of stock trading, it’s important to master the selling process as much as buying stocks. In this article, we will guide you through the step-by-step process of selling stocks on Robinhood, along with some commonly asked questions.

How do I access the selling feature on Robinhood?

To sell stocks on Robinhood, you need to open the app or go to the website and log in to your account. Once logged in, you will see a homepage with a list of your holdings. Tap on the specific stock you want to sell, and it will take you to the stock’s detail page.

How do I choose the right time to sell?

Finding the perfect time to sell stocks can be challenging. Most experts advise against timing the market and instead recommend focusing on your investment goals. Determine your target price or the point at which you feel comfortable selling, and analyze any relevant market information or news that might influence your decision.

Can I sell a fraction of a stock on Robinhood?

Yes, Robinhood supports fractional shares trading. If you own fractional shares of a company, you can sell a specific portion or the entire fractional share. This feature allows you to make the most out of your investments without having to worry about owning whole shares.

How do I set my selling price?

When you are on the stock’s detail page and ready to sell, tap on the “Trade” button. From there, select “Sell” and choose the order type. You can either specify the price at which you want to sell or select market order to sell at the current market price. Keep in mind that market orders are executed immediately, while limit orders allow you to set a specific price, but the execution might be delayed if the market doesn’t reach that price.

Can I sell stocks after market hours?

Yes, Robinhood allows you to trade before and after regular market hours. Pre-market trading takes place before the regular market opens, typically between 4 am and 9:30 am EST. After-hours trading happens after the market has closed, often from 4 pm to 8 pm EST. However, it’s important to note that the volume during these times may be lower, and the bid-ask spread may be wider, potentially affecting the price at which you sell.

What are the taxes involved when selling stocks on Robinhood?

When you sell stocks, you may be subject to capital gains taxes. Short-term capital gains tax rates apply if you owned the stock for less than a year, while long-term capital gains tax rates apply to stocks held for more than a year. The specific tax rate depends on your income level and the period of time you held the stock. It’s recommended to consult a tax professional or reference the IRS guidelines for a more accurate understanding of your tax obligations.

Selling stocks on Robinhood can be an empowering experience for beginners and seasoned investors alike. By understanding the step-by-step process and addressing common questions, you can confidently navigate the selling feature on the platform. Remember to always conduct thorough research and make informed decisions based on your investment objectives and risk tolerance. Happy selling!

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