Overview
In addition to auto-investing, M1 allows you to place orders to buy or sell stocks directly from specific slices of your portfolio.
To place an order:
- Select the desired slice of your Pie.
- Choose “Buy/Sell.”
- Confirm your order details.
See the walk-through below for instructions on how to place buy and sell orders within the mobile app and website.
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Buy orders
When a buy order is placed, M1 will purchase the specified dollar amount of the selected slice.
To place a buy order, you must have available cash in your account. M1 will not withdraw money from your bank account to complete a trade.
Available cash includes:
- Cash
- Sell orders
- Incoming deposits
If the available cash for a user is less than their buy orders, M1 will prorate the requested buys.
Example: Jenny places a $100 buy order for Stock A. Jenny (if she has the funds available) will purchase $100 of Stock A during the next trade window.
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Sell orders
When a sell order is placed, M1 will sell the specified dollar amount of the selected slice.
Money from a sell order can be:
- Used to place a buy order
- Held as cash
- Re-invested in your portfolio
This depends on your Cash Balance Control settings.
Example: Jenny places a $100 sell order for Stock B. Jenny (if the slice has enough value) will sell $100 of Stock B during the next trade window.
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Can I rebalance my portfolio and make buy/sell orders at the same time?
No, users can’t make individual buy/sell orders and rebalance requests during the same trade window.
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Creating a buy order in the mobile app
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Creating a sell order in the mobile app
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Creating a buy order on web
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Creating a sell order on web
All examples above are for informational purposes and should not be considered an offer to buy or sell certain stocks. M1 does not provide investment advice.
Pending orders
After placing an order, you will see the confirmation of the pending orders under “Invest” > “Portfolio” by clicking into the slice.
Pending orders will be completed during the next trade window.
All M1 users have access to the Morning Trade Window starting at 9:30am ET on business days.
Eligible M1 Plus members can also place buy or sell orders to be executed during the Afternoon Trade Window starting at 3:00 pm EST.
Learn more about how orders work and how M1 fulfills order requests.