Welcome to this tutorial on how to buy and sell stocks using Robinhood. Robinhood is a popular commission-free stock trading platform that makes investing accessible to everyone through their user-friendly mobile app. Today we'll walk through the complete process of both buying and selling stocks on this platform.
Now let's go through the detailed steps to buy stocks on Robinhood. First, login to your Robinhood app. Then search for the stock you want to buy, for example Tesla with ticker TSLA. Enter the stock details page where you can see the current price and charts. Click the Buy button, input the number of shares you want to purchase, select your order type such as market order or limit order, review all the order details carefully, and finally submit your order. Make sure you have sufficient funds in your account before placing the order.
When placing an order, you need to choose between different order types. A market order will execute immediately at the current market price, while a limit order allows you to set the maximum price you're willing to pay. After selecting your order type and quantity, you'll see a review screen showing all the details including the stock symbol, number of shares, order type, and total cost. Carefully review all information before confirming. To submit the order, simply swipe up on the confirmation button.
Now let's learn how to sell stocks on Robinhood. Start by logging into your app and navigating to your holdings or portfolio section. Find the stock you want to sell from your list of investments. Tap on the stock, then click Trade and select Sell. Enter the number of shares you want to sell - you can sell all or just a portion of your holdings. Choose your order type, either market order for immediate execution or limit order to set a minimum selling price. Review all the details of your sell order carefully, then confirm by swiping up. Remember that after selling, your funds will typically take two business days to settle before you can withdraw them.
To wrap up, here are some important tips for trading on Robinhood. The platform offers commission-free trading and supports fractional shares, making it accessible for all investors. Remember that market orders execute immediately at current prices, while limit orders let you set price boundaries. Always review your orders carefully before submitting. After selling stocks, your funds will settle in two business days before becoming available for withdrawal. However, Robinhood provides instant buying power for most users, allowing you to reinvest immediately. With these steps and tips, you're now ready to start trading stocks on Robinhood confidently and safely.