When it comes to selling a stock on Cash App, the process is relatively straightforward and can be done with just a few taps on your phone. Here’s a step-by-step guide to help you navigate through the process:
Accessing the Stocks Section
First and foremost, you’ll need to open your Cash App and navigate to the ‘Money’ tab located on your home screen. From there, look for the ‘Stocks’ tile and tap on it to access the stocks section.
Choosing the Stock to Sell
Once you’re in the stocks section, scroll down to find the ‘Stocks Owned’ list. Here, you’ll see a list of companies whose stock you currently own. Select the company whose stock you want to sell by tapping on it.
Initiating the Sell Order
After selecting the company, you’ll be prompted to proceed with selling the stock. Press the ‘Sell’ button to initiate the sell order.
Entering the Selling Amount
Depending on your preference, you can either select a predefined amount to sell or tap on the ellipsis (…) to enter a custom amount that you wish to sell.
Confirming the Sale
Once you’ve entered the selling amount, Cash App will ask you to confirm the sale. You may need to enter your PIN or use Touch ID to confirm the transaction.
Reviewing the Sale
Before finalizing the sale, take a moment to review the transaction details to ensure that everything is accurate. Double-check the selling amount and the company’s stock you’re selling.
Completing the Transaction
After verifying all the information, go ahead and complete the transaction by confirming one last time. Once confirmed, your stock will be sold, and the funds will be reflected in your Cash App account.
Monitoring Your Portfolio
Following the sale, you can keep track of your portfolio within the Cash App. Monitor your remaining stocks and funds to stay informed about your investment activities.
Considering Market Trends
When selling stocks on Cash App, it’s essential to consider market trends and fluctuations. Keep an eye on stock prices and market news to make informed decisions about your investments.
Seeking Professional Guidance
If you’re new to investing or unsure about selling stocks, consider seeking advice from a financial advisor. Professional guidance can help you make strategic investment choices.
Exploring Other Features
Aside from selling stocks, Cash App offers various other features related to investing and finance. Take the time to explore these features to maximize your experience with the app.
