TrulyRichClub follows SAM (Strategic Averaging Method) where we have a set price guide for buying, the Buy Below Price (BBP), and a set price guide for selling, the Target Price (TP).  We keep buying the recommended stocks as long as they are within the BBP and once the TP is reached, we sell.  Bro. Bo usually sends a Sell Alert to let us know it’s time to let go of the stocks which have already earned for us.  The proceeds of the sale are then reinvested for other recommended SAM stocks.  And the cycle continues.

Now, how do we sell stocks?

Take a look at the image first before reading the description that follows.

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Log in to your COL Account.  Hover your mouse to TRADE and click PORTFOLIO.

Beside the stock that you wanna sell, click SELL.  [In this example, I’m selling my kid’s EDC shares.]

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Once you click SELL, you will then be taken to the Order page.  The system will auto-fill the 1st 2 boxes [Stock Code and # of Shares] and the cursor will automatically go to the 3rd box [Price].

Remember our guide in buying and selling?  BASB.  Buy at the Ask, Sell at the Bid.  In this case, since we are selling, we would look at the BID column and choose from the top 5 Selling Prices if we want our Order to get Executed right away.  Of course, we would choose the highest BID.  In this example, it’s 5.70.  So, we enter that amount in the Price box.

Then, we click Preview Order.

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You’ll be taken to this page where you could view your total charges.  (Remember that your Total Charges when divided by the number of shares bought will add up to your Price per share).

Enter your Password and click Place Sell Order.

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sell3b

As with your Buying, I always ask you to immediately check if your order is executed or not.  You do that by clicking on Trading History, then Show Orders.

 

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Illustration A shows that my Order got Accepted and Posted within 1 second (15:17:40 and 15:17:41).  However, it didn’t execute as the available stocks at 5.70 were all gone.  Remember, it’s always on a first come, first served basis, and the prices update every 15secs.  And since I’m doing the tutorial while placing the Sell Order, I didn’t make it.  So, I had to cancel the said order and place another one, this time at 5.79 (See Illustration B).

That’s it.  Once you see that your Order had been executed, your job’s done.

Till next trading!

 

Thanks & God bless,


P.S. 1. COL Financial, Inc. is the recommended Stock Broker of Bro. Bo Sanchez to all his Truly Rich Club members.  The TrulyRichClub is a membership Club that he had created to help people achieve Financial Wealth and Spiritual Abundance. It is a private group of individuals who have decided to do something about changing their beliefs and thinking—to gain the abundance mentality they need to change their lives forever. Bro. Bo provides them with the right tools, principles, and strategies to grow in their financial and spiritual life.  

P.S. 2. Wanna join us at the ‘Happiest Place on Earth‘?  We do a meet and greet with Bro. Bo every Sunday at the Feast PICC.  Please feel free to join us after the 3rd session.  For Feast schedules in PICC and other areas around the metro, pls refer to the right side of Kerygma Family homepage.

 

5 Thoughts on “How To Sell Stocks

  1. Hi Joey!

    I am planning to become a member of TRC, How can Bro. Bo advise me on when to buy and sell the stocks? Will He know the stocks that I will be buying and study it? or I will be the one to study all those stocks and decide if to buy or sell?

    Another thing, It is said that it’s up to me how much will I invest every month after the minimum amount of 5000 php, I watched a video in you tube that I need to enter the amount and decide if monthly, semi annually and etc….but the lowest choices there was 5000php, what if I want only 2000 php and next month 3000 php..How will I change that?

    • We have our own guide, the SAM table. And when it’s time to sell, bro Bo will send email alerts to all of us. NO studying required. We leave everything to the market analysts who know how to do their jobs better than us.

      As for the amount, it can be as low as 500 every month. You don’t have to turn on the EIP scheduler of COL. You can do it on your own. But of course, if you’re not joining the TRC, it would still be better for you to follow COL’s EIP scheduler so you have some guide.

  2. hello po. ask ko lang, when you sell, automatic po ba na sold na yan or you’ll have to wait for notification if may bibili ng binenta mo and then ud have to approve it pa? thanks!

    • It depends on when you sell. If it’s off-hours, then the sell order isn’t automatic. But if you sell during market hours, and you choose any of the top 5 Bid prices, then your sell order will get executed right away. Pls read ‘How to Sell Stocks’. Thx

  3. arvi on March 5, 2014 at 1:47 am said:

    ms. joey

    I’m already a member of TRC..I just want to ask…after selling my stocks where can I see the total money I have? that is including the interest I gained from selling my stocks.

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