Follow the steps below to place an order to sell holdings in your self-directed investing account:
- Sign in to the Wealthsimple app on your mobile device
- Scroll down to Accounts
- Choose your desired self-directed account
- Tap the stock or ETF in your portfolio you'd like to sell
- Tap Trade, then tap Sell
- Select the order type from the drop-down menu in the top-right corner
- Enter the number of shares you’d like to sell
Tip: You can tap the switch button below to enter a dollar value instead. - Tap Review
- Review the sale details and Submit order
- Log in to your Wealthsimple account
- Select your desired self-directed account
- Under Holdings, select the stock or ETF in your portfolio you'd like to sell
- Select the Sell tab
- Choose your Order type
- Enter the required fields for your order type
- Click Review
- Review the sale details and click Submit order
Choosing an order type
When you place an order on Wealthsimple, you’re telling us how to trade a security on your behalf. There are four types of orders you can make with Wealthsimple.
-
A market sell order (default)
Sell a stock immediately at the best available price. -
A fractional sell order
Sell a fraction of a share for certain stocks. Your order will be executed at the end of the trading day or next available trading day. -
A limit sell order
Choose a minimum price you're willing to sell a security for. -
A stop-limit sell order
Choose a stop price and a limit price. Once a stock hits the stop price, your order will get converted to a limit order. People often use stop limit orders to try and limit losses or protect gains.
How up-to-date are the quotes I’m seeing?
Wealthsimple offers real-time, on-demand quotes for all securities.
Selling a stock or ETF after the markets have closed
Markets are generally open from Monday to Friday between 9:30am – 4:00pm Eastern Standard Time (EST). The markets are closed on certain holidays.
It’s possible to create an order outside of these times. Any orders created outside of market hours go into a queue that gets submitted when the market opens again. For example:
- You submit a market order to sell 5 shares of XYZ stock on Wednesday at 8:00 pm (EST)
- The order will get executed when the markets open on Thursday at 9:30 am (EST)
- Any fractional orders will be executed at the end of the next trading day
How long does it take for trades to settle?
Trades take one full business day to settle after they have been made. This is a requirement of the Canadian Depository for Securities, Ltd.
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