Robinhood Sell Types - Robinhood App Order Types

[@EverydayInvesting]

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[@EverydayInvesting]

Thanks for watching! If you have any questions about the Robinhood sell order types feel free to let me know in the comments below.

[@ahsanshafiq1474]

Hello nice explanation i have question is there any way we can take out only profit not the capital in the robinhood like if we invest $200 and price increase $250 we can transfer only $50 please guide me thank you

[@EverydayInvesting]

No, this is not possible directly. If your stock increases in value and you want to take profits, you have to sell the entire stock. However, if you have fractional shares on Robinhood, you can sell a fraction of your stock without selling the whole share 👍

[@ahsanshafiq1474]

Everyday Investing thank you

[@TM-X88]

Very informative! Can you also give us tutorial poinnters on "CALL" "PUT" on Trading Options? Thanks!

[@preciousa9724]

Thank you, this is the best explanation of all I watched on how to sell the option. Thanks again.

[@EverydayInvesting]

Awesome, I'm glad to hear it was helpful 👍

[@mehdi198400]

thank you so much brother well explained !!!

[@EverydayInvesting]

No problem, I'm glad it was helpful! 👍

[@michelechambers7066]

Definitely best explanation!

[@EverydayInvesting]

Glad it was helpful! 👍

[@Thelilantjr]

Thanks not only for the video but giving physically giving a example. Will a stock ever sell at the strike price on a limit order it only sells on the limit?

[@EverydayInvesting]

No problem! If you place a limit sell order the stock will only sell at the limit price. If the limit price is never met, the trade will not trigger.

[@Quesadiaboy]

My stock is $95 right now. If I place a sell limit order for $100 on "extended hours" and the stock goes up to $100 on extended hours, will my sell order be executed for $100 or are any possibilities that it could be executed at a different price ?

[@EverydayInvesting]

Yes, in that scenario it would sell your stock at $100 once the price of the stock reaches $100 👍

[@NomadicDmitry]

Thanks! Still a bit confused, but getting a bit more clear now to me

[@EverydayInvesting]

No problem, Dmitry! No worries, I'm still learning too 👍

[@joemccarthy3432]

Sorry if this has already been asked...but with the stop limit order...if i bought a stock for $5, I set the stop on the stop limit to $4.50, but set the limit to $10, that possible? I'm guessing no, but just curious. Seems like Limit Sell is the only way to sell and get profit, and the other two are to limit losses? Thanks for the videos, thanks!

[@EverydayInvesting]

No problem. Even for myself these advanced order types can be a little tricky to understand. But yes, you are correct, you can place a stop limit order as you did in that example. Once the stop price is reached ($4.50) the stop-limit order would then turn into a limit order and execute the trade at the set limit price ($10). However, even if the price surpasses $10 the trade won't be executed unless it first drops to $4.50.

[@TheRatMan_]

Now that I watched both of what is Buy/Sell of your videos. What’s the safest stock to buy in you opinion?

[@EverydayInvesting]

I would say the safest investments in the stock market are not in individual stocks but rather in ETF's (exchange traded funds). These are basically a basket of stocks and many are available on Robinhood. There are ETF's for all different areas of the market. But probably the most conservative ETF's are S&P500 ETF's which follow the S&P500 index. These are the 500 largest companies in the US. The two top S&P500 ETF's are "SPY" and "VOO." Those are their tickers symbols but they are both basically the same. Either one is a great way to get exposure to the overall stock market while reducing your single stock risk.

[@CM-nq2xn]

I was here on Sept 4, 2020 and i want to say thank you as it helps a lot. I appreciate you explaining this. Good Day.

[@wpaia]

How do i sell at limit price and sell at a stop loss at the same time? For example i own 1 share at $5. it should be common pratice to put a stop loss at $3 and put sell limit price at $7. You don't loss too much and you don't miss out on a profit. Robbin hood does not allow that?..

[@EverydayInvesting]

At the current time Robinhood does not allow you to place more than one order type at a time. In order to place a new order type on a stock you will have to first cancel the existing one. If you're interested in placing multiple order types at a single time you may want to consider the Webull app. They are a commission-free trading app, just like Robinhood, but they do offer this ability 👍

[@mickeytate1]

I agree

[@cages3989]

Thank you do you have any advice for a beginner

[@EverydayInvesting]

Hey there. Yes, history shows that investing is best for the long term. By investing for the long term, consistent contributions can be the key to growing your investments over time, as opposed to simply how much you invest up front. The best advice for long term investors is to keep up the consistency and to not get discouraged by temporary stock market down turns. Such as the one we're experiencing right now due to this health crisis. In the short term, the stock market can fluctuate up or down but over the long term the stock market has a history of increasing in value. Probably the best video I have to help new investors get started would be the following video: - How To Start Investing For College Students: kzbin.info/www/bejne/sKe9ZpprnauXgbs (but it also applies to beginners as well) 👍

[@cages3989]

@@EverydayInvesting thank you I really appreciate it

[@jables6]

bro..super helpful and you are great at explaining information that for some is difficult to understand..thanks man.

[@EverydayInvesting]

Thanks man, I appreciate it. I'm glad to hear the video was helpful.

[@fifajjang77]

Thank you so much for the helpful video! Would you please check if I understood you correctly? So the difference between the "Stop Loss" and "Stop Limit" is that when I put $140 for "Stop Loss", it could sell at $139 since it takes time to "trigger", however, if I use "Stop Limit" and set that as $140, it will "definitely" sell at that price because it already had time to trigger correct?

[@EverydayInvesting]

Thanks Jae, I'm glad it was helpful! Both the stop loss and the stop limit order have a pro and con: The stop loss order guarantees your stock selling, even if you're away from your account. The downside of the stop-loss order is that it becomes a market order once the stop-loss level is triggered. Meaning, if the stock blows past the stop-loss level due to a spike in volatility or major news event, the sell order could be executed significantly below the anticipated price. The stop limit order gives you a little more control. Once a stop-limit order's price is reached, a limit order will be triggered. Once that stop price has been reached, the stop-limit order becomes a limit order to sell the stock at the limit price or better. On the downside though, the stop-limit order is not guaranteed to be executed. Should the stock price rapidly decline past the stop-limit price and not recover, the order won’t be executed at all.

[@fifajjang77]

Everyday Investing wow! I really didn’t expect this lengthy and thorough comment from you! Thank you so much this really helps alot. I made sure to subscribe to your channel! I do have one follow up question tho. Based on your experience using the Robinhood, when using “stop loss order” does it usually sell with the price that I typed in (my desirable selling price)? Or were there more experiences that it was sold at a much lower price than I desired or typed in? For example if I bought 100 shares that each costs $20, then once I bought these shares I want to “immediately” click and use the “stop loss order (sell)” and type in $19.99 (selling all 20 shares), just in case not to lose any money. In this case I can only hope that the price would go up, while the risk being losing only few cents (total loss of 100cents). I would like to ask if this method works in terms of not losing much money. What would be the downsides of using this method? Would you please reply at your convenience? Thank you so much.

[@EverydayInvesting]

You're welcome Jae, thanks for subscribing! It really does depend on the stock and any news that can affect it. In most cases, when setting a stop-loss price your stocks will generally sell within a reasonable range of your stop-loss price. However, in certain cases a stock can suddenly plunge on extremely bad news or reports. And if your order is further on down the que, it could end up selling your stock(s) drastically lower than your stop-loss price. By setting a stop loss you can protect yourself against losses. The potential downside is it can sell your stocks before you intended and then you may have to buy back in at a higher price. The other potential downside to consider when setting stop losses is every time it sells a stock(s), a taxable event occurs. I am more of a long term investor and don't do too much active trading myself. Because of this, I don't place stop-loss orders that often. But if you're interested in active trading then the advanced order types can help protect against short term losses 👍

[@fifajjang77]

@@EverydayInvesting Thank you so much! I really appreciate it!! Enjoy your Superbowl Sunday!

[@edwardhaines9921]

Great explanations! Thanks!

[@EverydayInvesting]

Happy to help! 👍

[@kingblake700]

When selling a share does the money going to my buying power so I can invest in more stocks or does the money go to my linked bank account?

[@EverydayInvesting]

Great question. When selling a stock the funds will go directly into your buying power. From there you can choose to either reinvest it in another stock/ETF or choose to withdraw to your bank 👍

[@kingblake700]

Thank you for the information that was very helpful I’m new to investing

[@anwlovett2895]

Thanks- good info

[@darthtrader5065]

Can you place two Limit orders? Example, you bought your stock at $10.00 it shows a upward trend and shows a resistance at $20.00 and a support at $15.00 and its just bouncing back and forth. Can I place two limit orders so either way I profit and not have to watch the stock whenever it breaks through the support or resistance and my order is filled. Or can I do a stop loss at $15.00 and limit at $20.00?

[@EverydayInvesting]

Hey Bradley. At this time, you cannot place two limit orders or place two different types of orders at the same time. In order to place a new order type you will have to cancel the first order type.

[@darthtrader5065]

@@EverydayInvesting Thank you. So can I place a stop loss above my purchase price when it passes the price.

[@AntonioGonzalez-ul3zy]

Is it possible to set an upper and lower limit? Let’s says stock xyz is at $10, and you want it to automatically sell at $12 for a gain or $9 to minimize losses

[@EbenezerNimh]

Once again thank you 😃

[@EverydayInvesting]

Thanks, I'm glad it was helpful 👍

[@thearsenal3653]

I’m not understanding when I put a stop loss order I can’t put a price that’s under whatever it’s selling for. It says it’s low but isn’t that the point that if it goes that low it’ll sell

[@thearsenal3653]

Because when I click stop loss on Robin Hood it says to put a price above not below what it’s going for

[@EverydayInvesting]

I believe you might be trying to make a "buy stop loss" instead of a "sell stop loss." A buy stop loss will ask you to input a higher amount than the stock is currently trading at but a sell stop loss order will ask you to input a lower amount than the stock is currently trading for 👍

[@mandoace8952]

Once I've bought a stock, can a sell limit order and a sell stop loss order be set at the same time?

[@EverydayInvesting]

Hey Mando. They can not. You can only set one order type at a time on a particular stock. But you can cancel one order type and place another order type on that same stock at anytime 👍

[@nhulanhong5226]

please how can I cancel my limit order in robinhood?

[@EverydayInvesting]

There are two ways to cancel your existing order on Robinhood: 1) From the Investing tab: - Find and tap your pending order on the Investing tab below your cards. - On the stock’s Detail page, navigate to Pending Orders. - Tap the order you’d like to cancel. - Tap the red Cancel Order button. 2) From the Account tab: - Tap the Account icon in the bottom right corner. - Tap History. Tap the order you wish to cancel. - Tap the red Cancel Order button.

[@christianakachuky53]

Great job explaining it! Don't do market order robinhood loves to Buy/Sell at a different time

[@EverydayInvesting]

Thanks, I'm glad it was helpful! 👍

[@nhulanhong5226]

thanks so much

[@EverydayInvesting]

You're welcome, I'm glad it was helpful 👍

[@Shaniloka369]

How come I Don't have order type option on my apps either. How come? Thx

[@garymullins7957]

If you put in a stop loss order and want to change the price later can you do that?

[@EverydayInvesting]

So you cant change the order but you can always cancel the order and recreate a new order with your new price.

[@domiNATEion]

Is it possible to use any of these as a method of locking in your gains? I heard of a trailing stop loss but do any of these function similar to that? Say I bought a stock for $10 and it went up to $12. I then believe it will continue to rise but make it so that at minimum if it takes a dip It will still auto list at say $11 and make a profit of $1?

[@reyesduran79]

Robinhood doesn't support TRAILING STOPS. Hopefully in a future release they will support it.

[@1028limir]

Thanks for giving me the best. I have been trading for one month. I am good at picking the right ETF. My problem comes at selling. My ETF did some profit on the Earnings Report morning and I want to sell getting the most profit. Can I sell at Premarket or Exactly at 9:30 when the market opens. I’m using Robinhood. Which Order Type for selling should I use?

[@crystalclearspa3022]

I only see market and limit order sells for my crypto And since the price is dropping i don’t want to lose money and want to sale it before it reaches my entry point so if I put a limit order at 100 and my purchase was at 98 and the price is 120 now will this execute at 100??

[@JamesHenderson5280unlimited]

Thank you that helped a lot thank you

[@EverydayInvesting]

Thanks James, glad I could help 👍

[@jasminejoya4629]

Does that mean on limit order I can’t example, if a stock costs 50$ and try limit Oder at 25$ it wouldn’t work?

[@EverydayInvesting]

That is correct. That scenario describes a stop loss order. That means if a stock was currently trading at $50 and you placed a stop loss order at $25, the minute it dropped to $25 it would sell it for you. Some people place stop loss orders to limit the amount of loss they will take on a certain stock. For example, if someone bought that $50 stock and didn't want to risk losing more than $5 on it they could place a stop loss order at $45. The most they could possibly lose would be $5 in that case.

[@miltonromero5533]

Great video dude thanks, can you combine the limit with stop, ex. The stock is currently at 10, I want to sell at 15, but if it’s goes under 10, I want to sell at the next available price.?

[@EverydayInvesting]

Thanks man. No you cannot combine different order types such as limit and stop orders. You must cancel one before you can place another.

[@miltonromero5533]

Investing Apps TV thanks dude, do you have a Robinhood link for referral?

[@EverydayInvesting]

No problem. Yes I do, feel free to join here dude: share.robinhood.com/erikm53

[@Thelilantjr]

What would happen if my stop and limit price are the same for my stop limit sell order?

[@TheBLACKboard65]

THANK YOU!! I just started trading on Robinhood and was completely overwhelmed.

[@EverydayInvesting]

No problem, I'm glad it was helpful! 👍

[@Gallardo6669]

Silly question: I buy on limit order on 150 and sell on limit order on 155 then I am winning with any stock anytime guaranteed and I keep doing that until I am rich,is it that fu***ng easy??????

[@EverydayInvesting]

Not necessarily. Short term stock trading is not easy as stocks' price movements are not predictable like that. For instance, you could place an order and buy at 150 and the price could then drop and not recover for a while. You never now. Investing on the other hand is best for the long term as the stock market has a history of increasing in value. In the short term, the stock market may fluctuate up or down but over the long term the stock market has time to overcome any down turns 👍

[@Gallardo6669]

@@EverydayInvesting thank you! I had your concern in mind. I think I want to start trading, with the limit orders as mentioned, but buying at the time when fibonacci level is on 61,8% and a price is at a low, candles are consolidate and I have at least one following candle going back up again. You think that's the best way of day trading and perhaps beat the market like that?

[@EverydayInvesting]

No problem! I am more of a long term investor than an active stock trader so I am not the best person to ask about fibonacci levels and other technical trading signals. If you are looking to trade Robinhood does offer some basic data and charts to help with that. But if you are looking for more in-depth charts and data you may want to consider the Webull app. It's also a omission-free stock trading app like Robinhood, but offers much more in-depth charts and data to help technical traders 👍

[@danielmason1326]

So i was trying to set up a sell limit order with my crypto.. But tells me a limit order can't be more then 10 times current bid price.. U know if there's a reason for that ? Im using robin hood app . idk if that makes a difference or not

[@EverydayInvesting]

Hey Daniel, I am not sure of the reason for that. It just might be a restriction in place on the Robinhood Crypto app.

[@danielmason1326]

@@EverydayInvesting thanks for the reply.. Yeah i wouldn't think there'd be an issue .. In general..so. Gotta be app related ..Ill just have to watch it a little closer i guess... Thanks again for the reply

[@ModernDayTech]

Good tutorial E rock!

[@EverydayInvesting]

Thanks E-rock 2.0!

[@Checo1]

One question on the stop limit. If you limit at $150 and stop loss at $149 the mean that if the price drops below $149 the sales order won't be execute, hopefully you understand question.

[@EverydayInvesting]

If you are talking about the stop-limit order, then yes you are correct there is a chance the order would not execute because at minimum you want to receive $149 and no less. So for example, if the current price of the stock was $153 and you put in a stop-limit order with the stop at $150 and the limit at $149, then the moment the price drops to $150 it would trigger the limit order once it then hits $149. When the price reaches $149 your order would then officially go in the que and would execute at the best available price from people selling their shares at that moment. So at that moment you would either sell for exactly $149 or if the stock started rising after it struck $149 then you would might receive a bit more (such as $149.01, $149.02 etc.). However, if the stock kept falling further below that $149 limit (such as $148.99) it would not sell your share until the price rose back to $149 or higher.

[@Checo1]

Investing Apps TV perfect. Thank you so much, very clear. Very good channel for people like me that just started on this

[@rsingh6590]

Thanks bro

[@EverydayInvesting]

No problem!

[@smartstops]

The key to using stops is to use one that knows where to adjust to on a daily basis. Trailing Stops do NOT have any intelligence behind them. You need a SmartStop.

[@derperderp9036]

Why don't I see these options.

[@EverydayInvesting]

What options do you see when buying or selling a stock?

[@amirunited2903]

limit sell 2:44

[@seattleareatom]

Nice video. Thanks. Minor problem at Robinhood is the order types don't identify the symbol being sold. A BIG problem for me at Robinhood is this. When I buy a stock I like to place a limit sell or stop loss. BUT, and this is a big one, at least for me, I have to close the limit or stop loss sell in order to sell at a higher price when the stock goes. The BIGGEST problem for me at Robinhood is it takes entirely toooooooooo many taps to cancel a sell and make a new sell or cancel create a limit buy etc. Times is money and the ten taps it takes just to create a limit sell etc is BAD news. The amount of tapping is part of what I call a conspiracy theory I have about .gov NOT allowing or making it difficult for brokers to provide a TOS, Think or Swim style bracket order of a limit buy and stop loss sell. Why? Because .gov and their buddies on Wall Street for many reasons do NOT want people day trading. They prefer we give them our money and leave with them for at least a year for tax advantages and them to use. Not what company would depend on volatile market place for any income. For example GOOG, AAPL, AMZN do NOT need anyone giving them any money. AAPL has one of if not the largest reserves of cash on Earth besides the 5 dudes that own over 1/2 the world's wealth. This isn't fake news. :)

[@EverydayInvesting]

No problem. Thanks for sharing.

[@manulepo2857]

I would recommend using a different “trading” platform that is at least closer to real time prices so you can trade more effectively. Robinhood is far more effective for investing and not trading. Look it up, there’s a difference. If you are investing over a longer term than Robinhood is great since there are no fees per trade. For new investors Robinhood is great to ease into the market and learn, but if you are looking for real time trading benefits you may look at other platforms, although you will probably be charged a fee. You probably will not like that either so....I guess complaining will ensue.

[@calilion2485]

Can you use limit and stop loss at the same time.. might be a dumb question I'm new to this

[@EverydayInvesting]

No you can only use one order type at a time on a single stock. You can use a limit on one stock and a stop loss on another stock though.

[@ayemankamal]

@@EverydayInvesting Why is this? Why isn't there a Stop Limit - Stop Loss option? I'm really confused sorry

[@sonomaslim]

Do you play poker? You have already given me all your tells.

[@sonomaslim]

but the video itself was very informative. thank you for that you would think that robinhood would at bare minimum explain these options. Meanwhile i just made my first purchase under market price.....i feel that i will be charged more than what is estimated as it is friday night when i placed it.

[@MmmChipotle]

How long after you sell does the money hit your account?