Posted on May 6, 2010.
How can you sell shares wallstreetsurvivor.com? I bought stocks and now I want to sell. That's what I did: go to "Trade", "Trade stocks," then I enter a symbol, quantity, select "sell" and type of order is the market ... but then he told me that I need a long-existing position etc. .. What am I doing wrong?
"Contract" means a type of operation that you select. A market order is a profession like whatever price the market will bear at any given time. A "limit" is an order in which you specify the price you need to run the sale.
Long position is a position or the number of units in a particular stock that you have been held long enough to record the transaction to have "solved" --- which means you have fully paid for equity and it is now yours to hold or liquidate them as you see fit.
It iks possible that your account is not yet recognize you for some reason --- it could be due to the protection of your password or do not do something good by trying to execcute trades. By the way, I do this for living and I make many mistakes, we should not feel uncomfortable at all.
My suggestion: call the broker! It's your money and you are legally allowed to manipulate as you see fit in all cases. Do not be afraid to take control of your own property!
You can not have some things you try to sell. The way to check is to go to your open positions page to see if the stock is here: http://www.wallstreetsurvivor.com/Private/Trading/OpenPositions.aspx
If it is there, WSS provides an easy, simple link on the left called "sell. Just click on it and you'll be taken to a page of trade where an order to sell pre-filled action awaits you.