How Do I Sell Shares Without A Broker?
Sometimes you may want to sell shares without using a broker.
You have two choices.
* You can use a fund manager.
For example, most AP3 investors use an online fund manager to sell their shares. The advantage of using an online fund manager is you do not need a broker.
* Or you can sell shares yourself.
How Do I Sell Shares Without A Broker
Online share trading is easy, free, and secure. It is also quick and easy to use. When you have an online share trading account all you need to do is pick a stock to sell.
As you sell the shares you will get a share money quote. This quote will tell you how much share money you will get for each sale.
It is always best to sell the shares at the price you want. Because of this, your profits will be limited.
Profits And Losses
How Do I Sell Shares Without A Broker, Remember that you will always be watching your investments.
You need to ensure that you are happy with the profits and losses on each share.
If profits are good then sell them and reap the benefits. If losses are more severe then sell some of them.
Also, remember that a share that you sell does not just go into your own pocket. It will go into the fund manager's pocket.
How Do I Sell Shares Without A Broker, You must know that many fund managers or brokers make a fortune by selling shares too soon and too low. This may be why some investors who hold on to shares for a long time are often burned. They could only make a little profit by selling shares too soon and low.
Know The Market's
But the market will tell them when to sell. And for those who want to know the market's word on something, they just need to watch the price of a share and sell when the share hits the price they want.
This is how shareholders decide share prices.
It is called spot pricing. But for those who are impatient to sell, then they can use a trailing price fee trading strategy.
Fee Per Share
Here they use the share price they want to sell and a trailing fee per share of share that they want to sell. So the profit they make is the percentage fee per share they profit. A trailing fee per share is calculated by multiplying the price per share that they want to sell by the number of shares they want to sell.
That would be the trailing fee per share. Then they enter the number of times they want to sell that share.
Then they check to see if the price moves up or down if the share they sold is below the price they wanted to sell. If it does, they sell and enter the next number.
Price Of Your Sale
So that's how you decide the price of your sale. But it does not end here. Remember, you still have to decide on the entry point. And this is important because it decides how long you stay in the trade.
An entry point can be based on price, limit price, and limit/market price.
First of all, a stop loss will need to be set up to protect your investment. The reason you have to have a stop loss is to protect you from losing all your capital in the trade.
So before you even enter the trade, you need to have a stop loss. Then when the stock reaches the stop loss, you exit the trade.
If you want to learn how to make money in the angel investment club for beginners is a good start, or if it's the stock market then you need to first master the use of the stop loss. You need to let your profits run and wait for the losses to subside. If you want to make money in the stock market then you need to learn this.
Once you are able to set your stop loss and let your profits run then you can invest some of your profits in adding shares to your trading account. If you let your profits run away with you without a stop loss, then you will find yourself losing all your money in the stock market.
The Buy And Sell Rule
The best thing to do in order to keep your losses to a minimum is to follow the buy and sell rule. The buy and sell rule can be stated as follows:
1. The first thing you need to do is to have a watch list of stocks you want to invest in. If you are an aggressive trader then you can make a shortlist and check it every day.
If you are a defensive trader then you can make a long list of stocks and check it every two weeks.
2. Once you have your watch list, now you need to decide if you want to buy or sell a stock.
3. After you have decided on a stock, now you need to decide the price you want to buy or sell.
We hope you found this post on How Do I Sell Shares Without A Broker was useful to you.
That's it. Now sit back and wait for your stocks to grow.