How to Buy Stocks & Sell Them Quickly
Typically, when you purchase stocks you hold onto them for long term investment purposes. This, however, is not always the case for certain individuals who are looking to make quick money off of their investments by selling the stocks soon after purchasing. In order to buy and sell a stock within a short time period you need to be extremely educated on what exactly is going on with the stock. This may not be the best approach to stock investments for the casual trader.
Other People Are Reading
Instructions
-
-
1
Open an online brokerage account through eTrade, Scottrade, Sharebuilder or other online broker. These websites allow you to create a free online account to buy and sell stock. When signing up you need to provide you name, address, Social Security number and banking information. The banking information is so you can transfer money from your savings and checking account to your brokerage account.
-
2
Transfer money from you bank to the brokerage account. This is going to take at least one business day to clear, so make sure you transfer the money before you want to begin trading.
-
-
3
Watch the stock tickers and stay abreast of everything going on in the stock market. Your online brokerage will give you access to checking stock prices and stock-related news. The hard part is picking a stock that is moving in an upward direction. Do your homework and learn about technical indicators and how to read stock charts to help you in finding upward trending stocks.
-
4
Purchase the stock your research indicates is trending upward by typing in the stock's ticker symbol into the transaction order screen your online brokerage account. This pulls up the stock's pricing and other relevant information. Type in the number of shares you want to purchase and click "Buy." For fast turn-around of buying and selling, purchase as many shares as you can to make your trade as profitable as possible. Approve the stock trade and in a moment the site states your trade has been executed.
-
5
Continue watching the stock you purchased. If your research is accurate, the stock will hopefully continue its upward climb for several hours, if not a few days. Once the stock begins to level off, sell the stock.
-
1
Tips & Warnings
Know the transaction cost that your broker charges to buy and sell stock. If transaction fees are $10, then you will need to make more than $20 per trade to make a profit ($10 to buy the stock and another $10 to sell it).
