I use E-Trade for my portfolio holder or w/e you call it. New to this, but anyone know how to sell stock you have in your portfolio? It is giving me an error message to sell the stock. Does it not work during certain times? I think the market closes at 4pm and opens at 7am, but still wouldn't I be able to put in my order and wait for the market to open?
Any insight would be nice.
24788, no offense intended, but you're really not ready to actually try to
trade stocks yet - you're probably not really ready for even
investing in individual stocks yet. The NYSE opens at 9:30AM and closes at 4PM. There's aftermarket trading, but don't worry about that. Until you know a "limit order" from a "market order", or what "all or none" and various other fundamental terms mean... don't do this. If you just have one lot you're trying to sell, call the firm and they will walk you through it. Instead of $10 or so, it'll probably be more like $30 for the trade - but you're going to lose at least that much by entering the information improperly.
You're what, 20 years old? Unless you're just trying to sell a stock that a relative has given you, stick with mutual funds. For your purposes, there's not enough of a difference between Scott Trade, Ameritrade and E-trade to make a difference. IMO, you should look at mutual funds and
only buy mutual funds, until your knowledge of the markets and finance is more advanced. Other than getting lucky, you really will do better for yourself longer term. You can open an account with Fidelity or Vanguard too. You can buy stocks and bonds with them, and (more importantly) no load mutual funds.
If you put $1000 into a basic S&P 500 index no load mutual fund, and leave it alone for 20 years +/-, I can about promise you that you'll have significantly more money than if you'd put it in a CD or an interest bearing bank account. And if you learn more about the financial markets down the road, who knows,
You Might become some kind of mini Warren Buffet at some point.
Once you learn the game, the stock market is a fantastic way to generate and build wealth. Good luck! :thumbsup:
