TL;DR To sell stocks on E*TRADE, log into your account, navigate to the trading section, select the stock you wish to sell, and enter the details for the sale. Be aware of settlement times and any fees that may apply.
Steps to Sell Stocks
Settlement and Transfer
After selling your stocks, the proceeds will typically take two business days to settle (known as T+2) [5:2]. Once settled, you can transfer the funds to your bank account. Ensure your bank account is linked to your E*TRADE account to facilitate the transfer
[5:4].
Fees and Considerations
Be aware of any potential fees associated with selling stocks. These could include commission fees or other charges specific to your account type. It's also important to consider tax implications when selling stocks, as capital gains taxes may apply depending on your situation [1:2]
[4:5].
Additional Tips
I have a stock in E*Trade for years now that I got through a previous employer. It's just sitting there and had steadily increased over the years but the platform is a bit cumbersome for me. So I want to move this out of E*Trade and place it somewhere else so I can optimize it. I don't think I want to sell it cause I am already in a high pay bracket so maybe reinvest it somewhere else with minimal hit on taxes? I am currently consolidating all my investments (brokerage/401ks/etc) into 2 main companies (Fidelity and Vanguard). Any suggestions?
I have moved investments before. There are minimal tax consequences, but if your portfolio includes mutual funds, the destination might charge you a fee for holding them there.
Tax consequences arise if you hold fractional shares. Normally only whole shares will transfer, so the brokerage you're leaving will end up selling any fractional share.
If you sell and buy something else, there will be tax consequences. You are taxed on the gains when you sell in a regular taxable account. This is different from retirement accounts, where you can trade all you want inside the retirement wrapper, but you pay taxes to take the money out of the retirement account.
You can look into doing an in-kind transfer to a taxable brokerage account at Fidelity or Vanguard. There is no tax consequence for an in-kind transfer.
As far as your plans to "optimize it" and "reinvest it somewhere else with minimal hit on taxes", I am not clear on what you mean. Can you clarify?
Thanks for the idea of in-kind transfer. I’ll look into it.
Sorry, my original explanation was a bit convoluted. I meant if I sell the stock, I will definitely get taxed but is there a good way I could move the stock out of E*trade and put it somewhere else without getting taxed? Then would it be better if I put it in an index fund or something else. I’m just seeing what others are doing.
A transfer of assets to another brokerage is a non-taxable transaction. After your assets are at your chosen brokerage then you can make decisions about possible sales for reallocation to other assets. That's when tax planning will come into play.
Even without have a designated personal financial advisor, both Fidelity and Vanguard have personnel that can help you do this. They are more than happy to move money from another institution to theirs and will not give you bad advice on how to do it.
Do you have a financial advisor?
Hallo,
da ich potentiell in den nächsten Monaten / Jahren ein Haus kaufen möchte, möchte ich meine ETFs verkaufen. Wie genau mache ich das auf Flatex?
bro du willst in ein paar monaten evtl ein haus kaufen und fragst hier wie du das geld von flatex überhaupt weg bekommst.
Was genau findest du nicht in den FAQ?
Ich hab ja auf Flatex nur einen kleinen Teil des Geldes liegen ;) Trotzdem würde ich gerne wissen, wie ich das am Besten mache mit dem Verkaufen.
>Wenn ich mir die 4 Preisanfrage ansehe und auf "Kostendetails" klicke, steht bei jeder 12 € "Ausstiegskosten". Habe ich die wirklich 4 mal gezahlt oder nur einmal für den erfolgreichen Verkauf?
nur einmal
>Als Buchungstag steht 06.03.2025 drinnen, als Valuta Tag 10.3.2025. Soweit ich es verstanden habe, ist Valuta Tag für die Berechnung der Zinsen wichtig. D.h. die Steuern, die ich auf den Gewinn zahlen muss, stehen erst mit 10.3.2025 fest oder?
Nein, die Steuern wurden bereits abgezogen.
>Weil aktuell habe ich den gesamten Betrag auf mein Konto gutgeschrieben bekommen, aber noch keine Steuern auf die Gewinne bezahlt?
Bist du dir sicher?
>Mein ETF ist ja thesaurierend. Wie ist denn das, wenn ich jetzt alle ETFs verkaufen würde. Würde ich dann am Jahresende trotzdem neue ETFs dazu bekommen in Form der Dividenden
Nein? Erstens schüttet ein Thesaurierer nichts aus, zweitens hast du den ETF dann ja nimmer und bekommst so erst recht nichts.
>da ich ja einige Monate dieses Jahr den ETF hatte
Das hat sich auf den aktuellen Kurs ausgewirkt.
>Bzw. muss ich dann auch einen kleinen Geldbetrag am Flatex Konto lassen für die Steuern dieser Ausschüttungen?
nein
>Wenn ich generell Geld auf dem Guthaben Konto von Flatex liegen lasse, dann hat das keine negativen Auswirkungen (ausgenommen davon, dass ich keine Zinsen/Gewinne auf dieses Geld bekommen), oder?
So ist es, jedenfalls solange es keine Negativzinsen gibt.
>Wie verkaufe ich am Besten? Alles auf einmal oder in kleineren Tranchen?
Kommt drauf an was du erreichen willst.
Danke!
In der Zwischenzeit wurde übrigens auch die Steuer abgezogen und ich habe im Postfach ein PDF bekommen, wo die Kest angeführt ist. Ich glaube trotzdem, dass ich initial das ganze Geld am Konto hatte und erst danach, als ich diese Nachricht ins Postfach bekommen habe, ist die Kest vom Konto abgezogen worden, was eben der Grund war, warum ich mich zuerst gewundert habe ob die Steuern schon abgezogen wurden.
Wegen thesaurierenden ETFs habe ich anscheinend ein Verständnisproblem...
Ich dachte immer, dass wenn ich z.B.: 500 Stück von einem thesaurierenden ETF besitze und ich diesen z.B.: 1 Jahr halte, dann bekomme ich "Dividenden" nicht aufs Konto sondern direkt im ETF ausgezahlt indem ich dann plötzlich z.B.: 501 Stück vom ETF habe? Oder habe ich dann trotzdem weiterhin 500 Stück vom ETF und nur der Kurswert wird höher durch die Dividenden?
>Ich dachte immer, dass wenn ich z.B.: 500 Stück von einem thesaurierenden ETF besitze und ich diesen z.B.: 1 Jahr halte, dann bekomme ich "Dividenden" nicht aufs Konto sondern direkt im ETF ausgezahlt indem ich dann plötzlich z.B.: 501 Stück vom ETF habe? Oder habe ich dann trotzdem weiterhin 500 Stück vom ETF und nur der Kurswert wird höher durch die Dividenden?
Genau genommen sinkt der Wert eines Ausschütters wenn Dividenden ausgeschüttet werden. Das passiert beim Thesaurierer einfach nicht, weil der Thesaurierer die Dividenden in neue Aktien steckt.
> So ist es, jedenfalls solange es keine Negativzinsen gibt.
Dürfen österreichische Banken Negativzinsen auf Privatkonten erheben?
Dachte da gäbs ein ÖGH Urteil, dass das verbietet
Vor nichr all zu langer zeit hat Flatex das auch noch gehabt. (also die Negativzinsen)
Ich finde nur eines, das sich auf Spareinlagen bezieht. Depot-Verrechnungskonten dürften da nicht darunterfallen.
Ganze Stück verkaufen ;)
momentan am besten gar nicht.
Garnicht, is für immer im Äther verschwunden.
Bom dia a todos. Queria começar a investir num etf que replica S&P 500 utilizando a plataforma XTB. Neste momento, estou a aprender como funciona a plataforma em vários aspetos. Tenho algumas perguntas para as quais não encontrei a resposta. Pode ser que alguém aqui no Reddit saiba:
Quando vendo uma ação, um ETF, ou uma parte deste ativo, a venda é realizada no momento ou devo esperar? Em caso de não ser vendida no momento, o valor da venda pode alterar?
O dinheiro da venda vai para a conta da XTB ou para a conta bancária?
Quem compra os ativos que eu vendo?
O meu IRS, neste momento, é automático. Tendo apenas a conta na XTB ou tendo comprado alguns ativos, deverei preencher alguma coisa no IRS manualmente?
Obrigado :)
Só te sei ajudar na questão
Obrigado pela resposta. Ainda não tenho uma conta real na XTB, apenas uma conta demo, mas sim será em meu nome. Ou seja, se tiver a conta real sem vender, não preciso declarar nada no IRS e posso continuar com o IRS automático?
A conta XTB estará ao teu nome, mas o IBAN para enviar dinheiro poderá ser partilhado e na descrição da transferência indicas um código que te identifica. Várias corretoras trabalham assim.
Se o IBAN que te indicarem estiver ao nome da empresa, obviamente que não é teu para declarar no IRS. Se estiver ao teu nome, tens de o declarar todos os anos no IRS e adeus entrega automática.
Olá /u/pirikitoman, obrigado pela tua submissão. Temos uma Wiki e um servidor de chat no Discord. Recomendamos a leitura dos nossos avisos à comunidade. Boa discussão!
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Depende do preço de venda. Existem ordens de compra aberta para o preço 10€ por exemplo, se colocares à venda por 10€ ou menos a tua venda é automática por contrapartida de uma ordem de compra que alguém tinha aberto por 10€. Caso coloques por outro valor, ficas com uma ordem de venda em aberto até alguém abrir uma ordem de compra pelo valor que tu tens a tua ordem de venda.
O dinheiro fica na tua conta da XTB.
Outros investidores, como explicado no ponto 1.
Obrigado, percebi :)
I sold 1229 BB (BlackBerry) shares at $14 which should give me $17,206 but I ended up only getting $15,800...which is less than the amount I purchased all the shares for. I had two commission/fee which were 0.1462 and .5362, even if I do the math it is only $838.67 (I don't even know what this comes from) which is still not even the $1,400 they took away from me.
Edit: After many hours on hold and talking to two different agents the issue has been resolved. :)
Was any of your purchase on margin? Cash would be used to settle that debt once it posts into your account
Nope none of them. I have never touched margins.
You can contact them and ask for a breakdown of fees to see where everything went. There may have been foreign taxes, foreign currency conversion fees and whatever else.
I've been on hold on the phone for an hour so far lol and the online chat still says est wait time is 174 mins.
These are bearer bonds right?
What was the issue?
I feel really dumb haha. Basically I wired 2,600 from my bank and used it to purchase stocks but because I technically used 2,600 of ETrade’s money (since my money wasn’t fully wired yet) it gave me a hidden negative cash balance which didn’t show. When I made orders to sell (one for 1,300 and another for 17,200) it auto balanced itself with the negative. Hence the random missing amount. Since it takes about 3 business days for the money to be actually wired I will be seeing the 2,600 on Monday.
I have looked all over on the Fidelity Investments site and am at a loss as to how to sell some of my shares and have the proceeds go to my bank account. All I see are options to exchange shares.
Sell. Settle (T+2). Transfer. If your bank is not yet set up for that transfer, you’ll have time to do so.
T+2 I'm assuming means 2 days?
2 business days
Yes, just a faster way to say, “takes 2 business days to settle.” Transaction, one day, next day.
How did you buy the shares in the first place?
What difference does it make?
well the typical thing would have been that you bought using a trade ticket on phone/atp or website.
You could have called a broker to do the buy, even.
Depending on how you bought it, that would say something about what method you might be experienced with (from a buy) and probably a similar method would work well for a sell.
if you had transferred in the shares from somewhere else, it's possible you never used a Fidelity trade ticket, so would need more explanation.
You have to sell the shares, let the proceeds settle (T+2) then do a transfer to your bank account
Really?! 😂
ComputerShare send proceeds to your bank by default.
Hi u/Mkm788 and thank you for connecting with us on Reddit.
For brokerage accounts, typically the sale of your investments and the withdrawal of the proceeds are processed as two separate transactions. Depending on the investment that is sold, the settlement may take up to two business days before the funds will be available to withdraw.
To place a trade:
From the "Accounts & Trade' drop down menu, select "Trade"
Choose the account and select 'go'
Enter the trade information in each required field and select 'Preview' order and then 'Submit'
Once your trades are placed and the cash proceeds have settled, you'll be able to transfer the funds from the account directly to your bank via electronic funds transfer (EFT), bank wire, or paper check.
To transfer funds:
From the "Accounts & Trade' drop down menu, select "Transfer"
Under 'Common Tasks" select 'Deposit, withdraw, or transfer money'
Select your Fidelity account number from the drop down field 'From' and then the destination in the 'To' field. If you do not already have your bank linked, select 'Link a bank to a Fidelity account" to complete at this time.
Complete the transfer details
I've been looking online and can't find a clear answer. Normally I use Schwab and I don't even believe I had to enable it on that brokerage. Is it possible for somebody to maybe screenshot what I'm supposed to click to get some pre-market orders in? I have a few stocks that I think are going to drop at open I would like to take off my hands.
Thanks for any help! 😊
I see that this is your first time posting on our sub, u/WiltingFlowerss; welcome!
First and foremost, Fidelity allows customers to use extended-hours trading during the pre-market session from 7:00 a.m. to 9:28 a.m. ET and in the after-hours session from 4:00 p.m. to 8:00 p.m. ET.
Now, when placing a trade during these sessions, you’ll need to enable extended-hours trading by toggling the "Extended Hours" option when you’re making a trade on Fidelity.com. This feature will only appear on the trade ticket during the relevant extended session. Please note that only limit orders are accepted and will be valid for the specific pre-market or after-hours session in which they are submitted.
You can learn more about the extended-hours trading session, using the link below.
I'm glad I could go over extended hours trading with you today. If any other questions come up, be sure to follow up and let us know.
Can you place a pre-market order on the mobile app?
Thanks for commenting, u/RaidersUconnYankees.
We do allow premarket orders on the Fidelity Mobile app. Extended-hours trades can be placed from 7:00 a.m. to 9:28 a.m. ET and during after-hours from 4:00 p.m. to 8:00 p.m. ET.
To make trades during these times on the app, enable the "Extended Hours" toggle when filling out the trade ticket. After you select to buy or sell, you’ll find the extended hours trading toggle right above the symbol on the trade ticket. Keep in mind, this toggle appears during these specific hours.
You can find more information about trading in the extended-hours sessions below.
If you're having trouble finding this, please let us know, and we can further assist you.
You trying to dump stocks in the morning pre market doesn’t necessarily mean you’re going to be getting ahead of anything. Stuff will probably be down the second pre market opens.
Most likely best to wait for a retracement during RTH…. big boys might want to test the gap, or not….
Can you place a premarket order on mobile app?
From the website:
To enter a trade, select Extended Hours in the Trading Session section of the trade ticket. The ability to select Extended Hours only appears during pre-market (7:00–9:28 a.m. ET) and post-market (4:00–8:00 p.m. ET) trading sessions.
Extended hours trades must be placed as a limit order and are only valid for that trading session. Any orders that remain open when the extended hours trading session ends are canceled.
Open the trading ticket when you login (click on trade)
Make sure you toggle the extended hours trading to ON
Order type: limit
Time in Force: Day
Hi, I am new to trading stocks. I have a basic e-trade account (level 1) and was wondering if it is possible to buy and sell the same stock on the same day.
I did a bit of research and found out that if I sell a stock first, and then attempt to re-buy the same stock, that this is called day trading and you need to have more than 25k cash in your account otherwise you will be penalized. I can see how this would be an issue since when you sell, the funds won't settle for a couple of days and thus when you re-buy, you are essentially buying on margin from your broker.
However, I am interested in buying the stock first and then selling (opposite of the scenario above) on the same day. I am buying with the cash I have in my account (not buying on margin) so I think this should be fine but just wanted to double check. Are there any issues with this? Thanks!
You can do that about twice per week based on the time it takes for funds to settle. That’s why I like trading options, funds tend to settle overnight and ready for reinvestment the next day. But options are riskier than stocks so don’t let that be the only reason you start trading in options.
If you buy and sell on the same day it will count as a day trade. Even though it's not the exact same situation as you described, it will have the same result. The Pattern Day Trade (PDT) rule comes into play when you have a margin account. Under the PDT, you either have to have $25k in your account or you are limited to 3 day trades in a 5 day period.
Now, in your situation, if you have strictly a cash account (no margin available whatsoever), then you can day trade as many times as you want. However, those funds will not be available to use until they settle, which as another poster noted, is 2 business days.
Thanks for the thorough answer. This is exactly what I was looking for. I am still learning and so didn't want to get into trouble doing something I wasn't supposed to do. I am guessing that since I have a level 1 account and only trade using cash that I have a "cash account". As you said, I should be fine then.
This is the best answer so far
Very timely question, thank you…I bought a couple calls earlier this eeek and sold a few hours later. I’m still waiting on the cash to settle
Options settle next business day. Stocks take 2 business days to settle.
Yep should be fine, I do such trades in my cash account all the time. As you mentioned the funds won't be settled for a day or two before you can use them for this purpose again.
Think you should be fine
I'm playing with the paper trade account at the moment. But the Power E*Trade UI doesn't seem to give me an option to select specific lots when selling shares.
So how do I select a specific lot for tax loss harvesting if I have multiple lots when selling? Or is this feature only in the non-paper trading Power E*Trade account?
You can choose the slot to sell under the holding.
Is this Power E*Trade or is this the regular website? I did two paper trades in Power, 100 shares, then 50 shares. But the two lots are grouped as a total of 150 shares in Account > Positions > Portfolio Totals. Changing the View in Portfolio Totals did not matter.
If you have multiple different lots available to choose from, then when you go to the "preview" page, it should show you a "select lots" section allowing you to pick which one or ones you want to sell.
Thanks for the screenshot. It looks like the regular web site, not Power. So does Power E*Trade allow selecting lot as well?
Power E*Trade is just the app, right? I haven't used it in years so I wouldn't know. I'm almost never not in front of a computer during the business day and so the app doesn't do me anything.
how to specify lots when selling power etrade: So finally was able to find it. On Power eTrade -> Positions -> Select your security -> Trade -> enter numbers that you want to sell -> Preview. You should see this message in RED "We have selected offsetting lot(s) based on your lot preference of Last In, First Out. If you would like to select a different lot, please place your trade on the E*TRADE Website."
Now to choose the offset preference go to your Etrade account -> At the top click, on your user icon -> Account Preferences -> Scroll down to Cost Basis section -> Lot Selection -> Click on Edit to choose your Lot Selection FIFO or LIFO.
I sold about 5,000 shares of a stock yesterday netting about $13,000. This morning I woke up and all my sell orders had been converted retroactively to short orders, and my purchasing power was slashed so I couldn't cover before things got out of hand.
E-Trade said that because of a reverse split that they didn't know about, they had to turn my positions in to shorts. Does this sound reasonable? I would never intentionally short a stock.
If this is the wrong community I apologize. I'm panicking and I would appreciate any recommendations for the proper subreddit.
Edit: I appreciate people's feedback. I will gladly go back to not messing around with the stock market following this. I made peace with any potential loss of my initial investment long ago, but I reached out because of the unique and, in my mind, unfair circumstances surrounding this whole business.
If OP had 5000 shares and etrade shorted (instead of selling) 5000 shares, he can still talk to etrade support so that etrade agent will set right each transaction to match and will not affect OP's record.
Many times, fidelity did exactly like this and I talked to representative immediately and they set right each other.
As long as their system flaw, they set right properly, but it takes settlement period equate properly.
yes, they are held to account for trade errors if you tell them in a time window, but this lost aggregation is 100% their fault
Maybe try r/stocks?
It sounds weird to me but I don’t know E*Trade’s TOS to say what they are or aren’t allowed to do. I would guess they give themselves this power somewhere in the fine print
Etrade should have applied the reverse split overnight to OP's position and they didn't. Simple as that.
Do you have trade notification emails where you placed the trade and then when it executed?
I know Vanguard does this, so at least I’d have those records if this ever happened to me.
You said that you sold ~5000 shares. Did you have these shares in your account? What has happened to them?
E-Trade (all brokers?) very explicitly does not allow conflicting offsetting positions -- that is, you cannot have long and short shares of the same ticker in your account.
They appeared to but didn't. There was a 29.84-1 reverse split of the stock which is why OP thought there was a large gain. Because ETRADE didn't process it properly.
When OP tried to sell 5,000 non-split shares the system took it as an order to sell 149,200 shares. Hence the short position.
OP is probably fucked.
I would use those as evidence that what you wanted accomplished with your shares was not followed. Maybe use some screenshots and try to email/get ahold of their compliance department. Just my 2 cents.
ICCT
Looks like you were trading on some pretty volatile stock there, that had multiple trading pauses yesterday.
I would call E-Trade and ask for further clarification if you're really concerned. Specifically about the regulations around what they did. That or talk to an attorney.
Reddit is not the place for these types of nuanced regulatory questions. We're all dogs here.
It is entirely possible, especially if trade cancellations occur. I worked at a prop firm and we were always extremely wary of trading stocks that had made massive volatile moves that looked erroneous. If you had opened and closed a position , they could cancel one part of your trade, leaving you long/short even though you expected to be out of the trade.
I genuinely don't know but I think you'd have a very, very strong case against them for working against your interest.
If you said to sell 100 shares and they sold 200 shares on your behalf they fucked up. A reverse split shouldn't matter - they should have updated it as you selling 50 shares.
You can request that they bust the trade if they didn't process the corporate action.
They may not do it because it's a self-directed brokerage account but you can always ask.
If you had a GTC limit order, normally most brokers would have cancelled your order because of a corporate action.
If ETrade doesn't bust the trade, send a written letter at least twice. And if they don't respond, you can file a grievance and complaint with FINRA.
I've been trying to find a decent trading platform, and after some traveling, I ended up at etrade. Unfortunately, I didn't realize how terrible they are. After getting my bank account approved, I transferred $100 to get started. I soon decided to withdraw my money, but, on the "transfer money" page, where it says "transfer money" I only have the option to deposit from my bank account, no option to transfer money into my bank account. What am I supposed to do? My account is restricted from trading as well, so I can't do anything but have my money just sit here, wasting.
Thanks for any help in advance.
I have E*TRADE. Have had for a while now. I just tested mine and it would let me transfer to my outside bank. Though it does say it would take 3-4 days to show up in outside accounts. Also have the option to wire transfer for instant access, but that would never be worth it for $100. Weird that you can’t trade though. I started my account with $1000 which was available instantly to trade. And, every time I’ve added $ to the account that money is instantly available for trade because they sort of loan you that amount of money until the actual money shows up. I’d say call them, but I’ve heard that their phone customer service is not the best. Ironically, shortly after I set up my account I received a call from them to check on me and see if I needed anything... ��♂️
why does Etrade suck?
It's not inherently bad, just compared to other trading services which I have now looked deeper into.
Did you check out Power Etrade
Like what?
What platform would you have chosen instead? Kinda had similar feelings, not that it is they’re totally awful, but has to be something better out there.
Doesn’t it take like 4 days to give you that option ?
Is that so? I'll have to wait to withdraw I suppose. Thank you
Not true
My cousin was one of their head server operators. He steered me away from their platform hard, their severs are one clumsy trip on a wire away from losing all of your money
I would get an account somewhere else and use etrades routing number to extract it. Or,find a etrade physical store and close it in person ,i might have to do this myself as i haven't been able to sell anything for six days.
how to sell stocks on E*TRADE
Here’s a step-by-step guide on how to sell stocks on E*TRADE:
Log In to Your Account:
Navigate to Your Portfolio:
Select the Stock to Sell:
Initiate the Sell Order:
Enter Order Details:
Review and Confirm:
Check Order Status:
Key Considerations:
Market vs. Limit Orders: A market order sells at the current market price, while a limit order allows you to set a specific price at which you want to sell. Use limit orders if you want more control over the sale price.
Tax Implications: Be aware of potential capital gains taxes on your profits. It may be beneficial to consult a tax professional if you're unsure.
Trading Fees: E*TRADE typically offers commission-free trading for stocks, but always check for any applicable fees.
Recommendation: If you're new to selling stocks, consider starting with a small number of shares to familiarize yourself with the process. Always double-check your order details before confirming to avoid mistakes.
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