hey what's going on guys welcome back to
a new video e-trade made some changes to
their site a few months ago and i want
to make a video on how
you can buy and sell securities on the
new updated site
so if you already have an account with
e-trade you can just go ahead and
log on if not you will have to click
open an account
i'm going to go ahead and hit log on as
you can see this is the screen it will
bring you to after you
log on it will tell you your assets net
assets how much you have
the day gains between all of your
accounts and then the different account
types right now i have three accounts
with it i had an individual brokerage
which was a core
brokerage where it was automated
investing i have a joint this is the
account made with my parents a few years
ago and i still continue to use it to
this day
i have moved a lot of my money over to
robin hood but i still do have some in
here for more long-term plays
and i do have a roth ira the first thing
you want to do when you want to buy
a stock is you want to come up here to
the top and type in
the ticker name so i'm going to use
gopro for this example
now that we have the stock loaded we can
see the charts here we can see all of
the data here
e-trade does a very good job of giving
you analysis research on what it thinks
you should do
fundamentals earnings insider activity a
lot of good stuff all
this is completely free for anyone who
opens an account but let's say
you're ready to buy how do we do so
we're going to come up here to the buy
button
and once that loads then you can see we
have a lot of information here so what
should we do here
here we have the quantity this is how
many shares you wish to purchase
so if you put in say 100 shares and
we'll just give it a market order you
can see that we now have an estimated
cost of 881
but what does all of this mean well the
quantity of shares tells you how much of
the company you want to purchase
if we say put in a thousand we are going
to buy 1 000 shares of gopro
it's going to be 1 000 times the current
price of gopro
one handy tool that e-trade does provide
is a calculator feature so say you only
have a thousand dollars in your account
and you can only want to spend a
thousand dollars of that it can tell you
you can buy 13.25 shares
one thing to keep in mind is e-trade
does not support fractional shares for
buying only they do support it from
selling but i'll talk about
that a little bit later on so if we had
one thousand dollars to invest
we could only buy 13 113 shares so we
can go ahead and put 113 in there
and you can see we are under a thousand
dollars moving on to the
market price down here we have market
market on close
limits stop on quote what does all this
mean well the two you really need to
keep in mind are market and limit for
buying
a market order will go out to the market
and buy
the best available price that is at
current market prices
so if gopro is trading at eight dollars
and 83 cents
for one share it will go and execute the
order at 8.83
for one share market on close does
something very similar however as you
can probably expect it will execute the
order only when the market is closed
market on close works just about as you
would expect it will only
execute this sale when the market is
just about to close or near close the
next one we have is
limit and i'll talk about this a little
more when we get to the selling part
but limit allows you to specify how much
you want to pay for
the stock now this isn't like some
magical box you can't just say i want to
pay one dollar for gopro and you expect
to get it
it will only execute it when the current
price has hit that
hit that's hit that price so say it's
turning eight dollars
if if gopro ever hits seven dollars then
i want to be able to purchase
it but one thing to keep in mind is if
you are betting on this
for just a single day it may not ever
trigger it may not never ever get to
that price and the order will be
cancelled
so one thing you can do is we come down
here to the duration
duration tells you how long you want
this order to go for
and we really only have two options that
i recommend people looking at are good
for day and good for 60 days
you good for day says it will only
execute the order today so
in today's current conditions it will
only execute the current market price
and then good for 60 days means it will
keep the order
open for 60 days and if it is not filled
after 60 days then the order will be
canceled okay so now let's move on to
selling and you'd probably
think that selling you would just go up
here and click sell
but you'd be mistaken there's a far
easier way to do this
if you go to your current portfolio
and instead of clicking on that sell
button you can drip
click this drop down menu and click sell
and this will automatically populate
with the current quantity that you
already have assuming you want to sell
all of your shares
and just like i mentioned before we do
have some more price
types you can do market you can do limit
and then there's two i also want to talk
about that i've touched on this channel
before which are trailing stop
dollar and trailing stop percentage so
what are those well essentially it will
take the highest price that it that the
current stock hits in the next coming
days or next coming weeks
and execute only when it falls below
that so what does that mean so let's say
if we did a percentage we can say if it
falls more than 10 percent
off of its highest price then it will
execute that order
and typically when you're doing these
type of stop losses you usually have the
duration
set for 60 days or longer just because
it will allow it to not have to you to
do it every single day to reset it
but why would anybody want to do this
why would you want
to set these trailing stops in market
why wouldn't you just want to sell it
now
well the reason why i like to use them
is because if especially in this very
volatile market we don't know what the
market's going to do day to day
so if it falls significantly in one day
or fall significantly over the course of
a week i want to make sure that my
current investments aren't going to take
a huge hit like we saw back in march of
2020.
by setting stop losses you can really
mitigate how much risk you're taking on
so if i know and say if i have a stock
and i've already i'm already up
say 30 percent on on the year i can set
a stop loss at 10
and it will only execute when we fall in
10
and then when you are ready to go you
just go ahead and click preview order
and then you would click place order to
proceed with your trade uh
i'm currently doing this on a
non-trading day so this order would just
be queued for
when the market opens tomorrow on monday
so that is how you
buy and sell securities on e-trade hope
you guys enjoyed this video be sure to
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hit the like button leave me a comment
down below saying what platform do you
guys use do you still use etrade i have
about four or five brokers i switch
between
always switch the one that gives me the
best value thanks guys so much for
watching see you next time
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