How do I sell Apple stock on eToro?

Written by Mike Druttman

Reviewed by Nadav Zelver

Introduction

Having spent quite some time on eToro, one of the world's leading trading platforms, I've had my share of buying and selling stocks. Recently, I decided to liquidate some of my Apple shares, and I thought sharing my experience might help fellow traders.

Prerequisites for Selling Stocks on eToro

Before I made my sale, I double-checked:

• My eToro account was active and verified.
• Apple shares were indeed present in my portfolio, which I'd bought six months prior.

Accessing My eToro Portfolio

The first thing I did was:

1. Log into my eToro account.
2. Directly go to the 'Portfolio' section – it's become a daily habit.

Locating Apple Stock in My Portfolio

Within the portfolio, I:

• Used the handy search option, typed in "Apple," and there it was.
• Took a moment to reflect on the growth of those shares since my purchase.

My Personal Experience with Selling

Selling on eToro was smoother than I'd anticipated. The platform's user-centric design certainly helps.

Steps I Followed to Sell My Apple Stock on eToro

1. I clicked on the 'Sell' button – it's placed conveniently next to my Apple stock listing.
2. Pondered for a moment, then chose the number of Apple shares I wanted to part with.
3. I usually go for market orders for quick sales, but this time, I set a limit order to target a specific price.
4. With a deep breath, I confirmed and executed the sale.

Reviewing My Sale Details

Post-sale, I:

• Navigated to the 'History' tab, always eager to see the finalized details.
• Noted the minimal fees by eToro – always a pleasant reminder of why I chose this platform.

Why I Decided to Sell My Apple Stock

I sold not out of panic, but strategy. With the tech industry's dynamics, I felt it was time to diversify and reinvest in emerging sectors.

Tips I'd Share Based on My Experience

• Setting a stop-loss can save you from unexpected downturns; I learned this the hard way in my earlier trading days.
• I avoid making impulsive decisions; it's better to sleep on it.
• Always review the market and news before selling, especially big stocks like Apple.

Post-Sale Reflections

After the sale, I:

• Started scouting for reinvestment opportunities.
• Jotted down my reasons for selling – I keep a trading journal to track my decisions and emotions.

Questions I Had When I First Started (and Their Answers)

• How quickly would the sale reflect in my account? Almost immediately, but the settlement took a couple of days.
• Were there hidden fees? No, eToro is transparent about its fee structure.
• Could I change my mind? For market orders, no. But for limit orders that haven't executed, there's flexibility.

Conclusion

Selling my Apple stock on eToro was an insightful experience, filled with both excitement and nostalgia. It's important to trust the platform and, equally, your instincts. Remember, every trade is a step in your investment journey. Keep learning, keep trading!

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