This is a follow-up on How to Set up a Webull Account and in this article, I will show how to actually purchase a stock on the app.
For this article, I’m going to black out the information pertaining to the stock itself as I don’t want to come across as giving financial advice and give people the idea that I’m telling them to buy this stock. Either way, the process is still the same for whatever stock you’re looking to purchase.
Buying a Stock
Presumably, you have transferred some money over to your Webull account. Open the app, select Markets at the bottom, and search for your preferred stock via the search bar at the top of the screen. Once your preferred stock appears, go down to the bottom and select Trade then enter your Trading Password.
On the following page, you are given a wealth of information as well as the opportunity to buy or sell a stock.
At the top is the stock’s performance over a set period of time. You can change that time above the graph to the upper right. You will see an Order Book and the choice to Buy or Sell a Stock.
You can even change the Order Type. The types are in two categories: Simple Orders and Group Orders. With Simple Orders, you can do a Limit Order, a Market Order, Stop Order, and more. With Group Orders, you enact Take Profit Orders, Stop Loss, and other more complicated actions.
For this example, I’m going to be making a Market Order of one whole stock of this particular company at market price
You can also do buy Fractional Shares in case the price of the stock is too expensive. For example, Google stock is over $2,500 a share. If you can’t afford the market price, a better bet would be to purchase a fraction of that.
Double-check if you’re satisfied with the order. If you are, selected Buy at the bottom of the app. An Order Confirmation will pop up. Select Confirm at the bottom.
Webull then takes you to an Order Filled Notice that shows that you have filled a market order and the information of your purchase.
As you can see in the example, it shows when I filled the order, the type of order, the account the stock will go to, and at what price. And with that, you have officially bought a stock. You can see your positions on your Individual account’s front page.
As seen in this screenshot, there are trading hours to adhere to. Webull has awkwardly worded the notice, but the hours are 4 am to 8 pm EST/1 am to 5 pm PST on a business day. Users cannot trade outside of these hours.
It’s possible that your order may not be filled for various reasons such as market volatility, market conditions, limited volume (there aren’t enough shares to go around), or maybe the app is down. If that happens, I recommend contacting Webull’s customer or trying again later.
If there are any particular guides that you’d like to see, such as how to buy on Robinhood or how to cryptocurrency, leave a comment and I’ll see what I can do.