How do I sell stocks using a stock trading app?

To sell stocks using a stock trading app, open the app, navigate to your portfolio, select the stock you want to sell, choose the number of shares, and place your order. You can choose between a market order (to sell at the current price) or a limit order (to sell at a specific price). Once the order is placed and executed, your stocks will be sold and the proceeds will be credited to your account.

1. What is a Stock Trading App?

A stock trading app is a mobile application that allows you to buy and sell stocks, manage your portfolio, and access real-time market data from your smartphone or tablet. Popular stock trading apps in India include Angel One, Zerodha, Upstox, and Groww. These apps make trading convenient and accessible, providing features like instant order placements, charts, and notifications on stock movements.

2. How to Sell Stocks Using a Stock Trading App?

Selling stocks through a stock trading app is a quick and simple process. Here’s a step-by-step guide:

• Step 1: Log into Your Trading App – Open the stock trading app and log into your account using your username and password. Ensure that you have sufficient funds in your trading account to cover the transaction.
• Step 2: Go to Your Portfolio – Once logged in, go to the "Portfolio" section where all your stocks are listed. This will show you a detailed view of your holdings.
• Step 3: Choose the Stock to Sell – Browse through your portfolio and select the stock you want to sell. Tap on the stock to open its detailed page.
• Step 4: Select the Number of Shares – After selecting the stock, choose how many shares you want to sell. Most apps allow you to enter the exact number of shares or choose to sell all your holdings of that stock.
• Step 5: Choose the Order Type – Now, select the order type. There are two common types of orders you can place:
  • Market Order: This order sells your stock at the current market price. It’s the fastest way to execute the trade.
  • Limit Order: A limit order allows you to specify the price at which you want to sell the stock. If the stock reaches that price, the order will be executed automatically.
• Step 6: Review Your Order – Before confirming your sale, review the order details, including the stock, quantity, and price. Make sure everything looks correct.
• Step 7: Confirm and Place the Order – Once you're satisfied, click the 'Sell' button to place the order. You’ll receive a confirmation once your order is executed. The proceeds will be credited to your linked bank account or trading balance.

3. Types of Orders You Can Use to Sell Stocks

When selling stocks, choosing the right type of order is important for getting the price you want. Here are the main types of orders you can use on stock trading apps:

• Market Order: This order sells your stock at the current market price. It’s quick, but the price you get may fluctuate depending on market conditions.
• Limit Order: A limit order lets you specify the minimum price you are willing to accept for your stock. This gives you more control over the price, but the order may not get filled if the price doesn’t reach your set limit.
• Stop-Loss Order: A stop-loss order automatically sells your stock when the price drops to a specified level, helping you protect your investment from significant losses.
• Stop-Limit Order: A stop-limit order is a combination of a stop-loss and limit order. It’s used to sell stocks at a specific price or better, once the price hits a certain level.

4. What Happens After I Sell My Stocks?

Once your stock is sold, the proceeds will typically be credited to your trading account or linked bank account within 2-3 business days. You can use these funds for other investments or withdraw them as per your preference. Additionally, you will receive a trade confirmation and can review the details in your transaction history.

• Monitor Your Portfolio: After selling the stock, you can track your remaining investments and adjust your portfolio accordingly.
• Withdraw Funds: If you wish to withdraw the proceeds from your sale, you can transfer them to your linked bank account.

5. Conclusion: Selling Stocks with a Trading App

Selling stocks using a stock trading app is a straightforward process that gives you full control over your investments. By choosing the right order type and following the steps above, you can efficiently manage your portfolio and execute trades in real-time. Whether you're selling to lock in profits or cut losses, a trading app makes it easy to stay on top of the market.