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It used to be only institutions and other high rollers played the stock market. Then, towards the middle of the 20th century the game began to open up. Today, with the advent of technology including the Internet the stock market is open to anyone. So being one of the new players you took the plunge and bought some shares. Now, you ask, how do I sell my stock?

These days, odds are you have an online brokerage account. If not, you should seriously consider moving to one. The old fashioned way of calling in a given order to your broker can be arduous and time consuming. Everyone knows that on Wall Street time is money. You snooze, you lose.

Going through the time and hassle of dialing a number, waiting to be transferred, then having your broker enter the same order into his computer that you could enter into your's is an unnecessary process. Additionally, they actually charge you more for this route. Online brokerage accounts allow you to immediately enter your order yourself at a far less expensive commission.

Some of you might feel intimidated by using on online brokerage yourself, or maybe even by the Internet itself. Relax. It is far easier than you may imagine. Most online brokerages offer free "play money" practice trading accounts. This allows you to make your entry mistakes and typos at no cost only going to real money when you have the process down. It can't hurt to try with a practice account.

Once you have opened your online account you will have the quickest route to either buy or sell stocks. So let us assume you've done your due diligence, selected the right stock for you, and made the purchase. The more difficult question then comes when to sell it. Many buy stocks to hold for the very long term. They buy the stock then figuratively forget about it. They do not constantly check quotes nor care about short term movements.

Others are more in it for the immediate trade and profit. You have to determine which trading style best suits your personality and how much time you have to devote to trading. Those who desire to buy and sell stocks rapidly need to be able to closely watch their positions. The rigors of work and family often disallow this for most. This is a critical requirement should you decide to be constant trader of stocks.

If shorter term investment strategy is for you, the decision when to sell is a hard one. Often it is best to determine your risk tolerance and pick a price on the downside which is the most you are willing to lose. You would then sell if the stock dropped to that price. On the upside it becomes more difficult when greed kicks in. Euphoria watching a stock soar can prompt you to hold it too long only to watch it plummet back down. Often it is best to sell at least some shares on a strong run up.

Everyone needs to ask themselves, "When and how do I sell my stock?", before the time comes. Making decisions on the fly can often prove costly. Devise your strategy in advance and maintain discipline. These basic tips will put you on the path to being a great trader.

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