How to buy and sell a stock with RBC Direct Investing


Whether you’re using the RBC
Direct Investing website or the RBC Mobile app, buying and
selling stock is easy both at home and on the go. Let’s take a look at how you can
securely buy or sell a stock on our online investing site
in only a few short steps. First, log in to
your account and open up the Place an Order menu. From here, you can
select the type of
trade you’d like to place. If you’re on a mobile or
touch-screen device, you can make your selection from
the Place an Order tile menu. If you’d like to trade using the
RBC app on your mobile device, select “Direct Investing” from
the main menu when you log in. From the home
screen, select “Trade” and follow the same steps
we’ll cover in this video. Let’s place a
stock order by selecting
“Stocks” from the menu. On the Stock Order Entry page, first select the
account to trade with. When you make your
account selection, you will see your real time cash
balances in Canadian and US
dollars, and the combined
buying power in your account. Under “Action” select whether
you want to buy or sell. Enter the number of shares you’d
like to purchase. Enter the symbol of the security
you are buying or selling. Select the market by choosing
either Canada or the US market You can select “Show
Quote” to see a current quote for the security
you’ve selected. The default share
price is the Market Price. If you place an
order at the market price, it is called a “Market Order.” To place a Limit Order, select
either Canadian or U.S. markets, then enter a limit price, which
is the maximum price you are willing
to pay as a buyer. For a Stop Buy
order, enter a stop price. This is only
permitted for orders
placed on the U.S. market. For a Stop Limit order, on
Canadian or U.S. markets, enter both a stop
and a limit price. The limit price
is the highest price at which you’re willing to buy, and can be the
same as the stop price. Once you’ve entered a price
for a stop or limit order, you can select a “good through”
date here when your order will expire. “Any part” means you will
accept any amount of shares up to the total amount
of shares in your order. For U.S. market orders
only, “all or none” means that no partial
transaction is to be executed – all the shares requested must be
traded as one block. If you collect RBC Rewards
points, you also have the option here to redeem them to pay
for your trade commissions. Now select “Continue” to proceed Review and confirm that all of
your trade details are correct, then click “Confirm.” You can print a copy of this “Transaction Complete”
page for your records. If you want to sell a stock,
you’ll complete the same steps but select “Sell”
from the “Action” menu. Just like when you are buying
a stock on a Canadian or U.S. exchange, you can select the
market price to place a Market Order on the exchange
you’ve selected, or … … For a Limit order,
enter the limit price, which is the minimum
price you are willing
to accept as a seller. You can place a stop-limit order
when selling too. A stop-limit order is an order to sell at a
specific price, or better, after the stop price has been reached.
For sell orders, the stop price should be lower than the stock’s
current price, and the limit price should be less than or
equal to the stop price. For a Stop Loss order, enter the
Stop price that the stock must drop to (or lower)
before the order is filled. Stop orders are only
permitted on the U.S. market. To view the status of
your orders any time, you can select
“Check My Orders” from the Place an Order
menu on your computer … … or on your
touch-screen or mobile device. If you’re trading on the RBC
mobile app, you can check your orders any time by selecting
“Order status” from the
home screen. Sign in to your RBC Direct
Investing account to get started or learn more at
www.rbcdirectinvesting.com.

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