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.
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.]
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.
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.
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.
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.