WEBVTT 00:00:12.913 --> 00:00:15.849 Let’s take a look at how you can securely buy or sell a 00:00:15.849 --> 00:00:20.320 stock on our online investing site in only a few short steps. 00:00:20.320 --> 00:00:23.257 First, log in to your account and open up the 00:00:23.257 --> 00:00:25.893 Place an Order menu. 00:00:25.893 --> 00:00:31.231 From here, you can select the type of trade you’d like to place. 00:00:31.231 --> 00:00:35.435 Let’s place a stock order by selecting “Stocks” from the menu. 00:00:35.435 --> 00:00:37.971 On the Stock Order Entry page, first select the 00:00:37.971 --> 00:00:40.407 account to trade with. 00:00:40.407 --> 00:00:42.876 When you make your account selection, you will see your 00:00:42.876 --> 00:00:47.180 real time cash balances in Canadian and US dollars, and 00:00:47.180 --> 00:00:50.050 the combined buying power in your account. 00:00:50.050 --> 00:00:54.554 Under “Action” select whether you want to buy or sell. 00:00:54.554 --> 00:00:57.224 Enter the number of shares you’d like to purchase. 00:00:57.224 --> 00:01:01.128 Enter the symbol of the security you are buying or selling. 00:01:01.128 --> 00:01:06.233 Select the market by choosing either Canada or the US market. 00:01:06.233 --> 00:01:09.369 You can select “Show Quote” to see a current quote for 00:01:09.369 --> 00:01:11.972 the security you’ve selected. 00:01:11.972 --> 00:01:14.875 The default share price is the Market Price. 00:01:14.875 --> 00:01:17.611 If you place an order at the market price, it is called a 00:01:17.611 --> 00:01:22.282 “Market Order.” To place a Limit Order, select either 00:01:22.282 --> 00:01:23.684 Canadian or U.S. markets, 00:01:23.684 --> 00:01:27.354 then enter a limit price, which is the maximum 00:01:27.354 --> 00:01:30.057 price you are willing to pay as a buyer. 00:01:30.057 --> 00:01:34.127 For a Stop Buy order, enter a stop price. 00:01:34.127 --> 00:01:37.798 This is only permitted for orders placed on the U.S. market. 00:01:37.798 --> 00:01:40.934 For a Stop Limit order, on Canadian or U.S. 00:01:40.934 --> 00:01:44.838 markets, enter both a stop and a limit price. 00:01:44.838 --> 00:01:47.374 The limit price is the highest price at which 00:01:47.374 --> 00:01:51.611 you’re willing to buy, and can be the same as the stop price. 00:01:51.611 --> 00:01:54.748 Once you’ve entered a price for a stop or limit order, 00:01:54.748 --> 00:01:57.484 you can select a “good through” date here, when 00:01:57.484 --> 00:01:59.586 your order will expire. 00:01:59.586 --> 00:02:02.990 “Any part” means you will accept any amount of shares, 00:02:02.990 --> 00:02:06.293 up to the total amount of shares in your order. 00:02:06.293 --> 00:02:10.697 For U.S. market orders only, “all or none” means that no partial 00:02:10.697 --> 00:02:13.934 transaction is to be executed – all the shares 00:02:13.934 --> 00:02:17.004 requested must be traded as one block. 00:02:17.004 --> 00:02:19.973 If you collect RBC Rewards points, you also have the 00:02:19.973 --> 00:02:26.013 option here to redeem them to pay for your trade commissions. 00:02:26.013 --> 00:02:29.516 Now select “Continue” to proceed. 00:02:29.516 --> 00:02:32.319 Review and confirm that all of your trade details are 00:02:32.319 --> 00:02:35.622 correct, then click “Confirm.” You can print a 00:02:35.622 --> 00:02:40.660 copy of this “Transaction Complete” page for your records. 00:02:40.660 --> 00:02:43.697 If you want to sell a stock, you’ll complete the same 00:02:43.697 --> 00:02:48.535 steps – but select “Sell” from the “Action” menu. 00:02:48.535 --> 00:02:51.038 Just like when you are buying a stock on a Canadian or U.S. 00:02:51.038 --> 00:02:54.041 exchange, you can select the market price to place a 00:02:54.041 --> 00:02:58.578 Market Order on the exchange you’ve selected, or … … For 00:02:58.578 --> 00:03:01.448 a Limit order, enter the limit price, which is the 00:03:01.448 --> 00:03:04.918 minimum price you are willing to accept as a seller. 00:03:04.918 --> 00:03:07.888 You can place a stop-limit order when selling too. 00:03:07.888 --> 00:03:11.224 A stop-limit order is an order to sell at a specific 00:03:11.224 --> 00:03:15.529 price, or better, after the stop price has been reached. 00:03:15.529 --> 00:03:18.732 For sell orders, the stop price should be lower than 00:03:18.732 --> 00:03:21.968 the stock’s current price, and the limit price should 00:03:21.968 --> 00:03:26.740 be less than or equal to the stop price. 00:03:26.740 --> 00:03:29.876 For a Stop Loss order, enter the Stop price that the 00:03:29.876 --> 00:03:34.981 stock must drop to (or lower) before the order is filled. 00:03:34.981 --> 00:03:39.186 Stop orders are only permitted on the U.S. market. 00:03:39.186 --> 00:03:41.822 To view the status of your orders any time, you can 00:03:41.822 --> 00:03:45.125 select “Check My Orders” from the Place an Order menu 00:03:45.125 --> 00:03:50.864 on your computer … … or on your touch-screen or mobile device. 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