what's going on my friends it's bob i'm back again with another video and today i am buying a share
of stock and something that i know and love and i'm super excited about this is not financial
advice but make sure you do your research i'm going to walk you through exactly how to buy a
stock a share of stock in weibull both in the market hours and post market hours otherwise
known as extended hours here on this video and again this is focused on a beginner point of view
this is not looking at the advanced features even though extended hours can be a little bit advanced
i'm going to walk you through a super way to make it easy to make sure you're executing what you're
looking for in your weibo experience so how we're breaking down this video number one how to simply
research to make sure that you're buying what you want to buy at the right time number two we're
going to execute a buy order in the market that means the stock market is open and we're going
to buy a share of stock and i'll tell you exactly what i'm doing and which share i'm interested in
today and they're actually going to trade in the extended hours which means the market's closed but
thanks to weeble you can actually still buy shares of stock or sell shares of stock thanks to their
awesome very large window of extended hours i'm gonna pop up my weeble screen right over here and
right now i'm going to start with the watch list so as you open your weibo account and by the way
if you haven't yet get free stocks simply just for signing up link in the description below it'll let
you know what promo they're running and make sure if you're interested deposit a hundred dollars and
if you do that you get additional stocks based on the promotion that you can take advantage of
and by the way somebody asked me if i deposit a hundred dollars is that the fee to weevil
absolutely not that's your hard-earned money being transferred into weeble so you can invest
it in the stock market so that 100 is yours put it to good use link down in the description below
but i'm pulling up the watch list right over here this is the app and on the bottom on the far left
hand side that's where you want to click to get to the watch list i'm going to do a very simple
search if you click on the magnifying glass right at the top of the page you can type in any ticker
symbol or you can start typing any company that you're interested in let's say we're interested
in tesla you start typing in tesla and right there it is the second one down is the tesla that we're
looking for which is the actual automobile company so tesla you can see right now after recording
this video going for 686.44 and what's really cool is you can see this really nice graph right over
here that lets you know their historicals based on how far back you want to go you can do one day
you can do five days out one month three months one year whatever you like i like to keep that
on max just because i like to see kind of how it's progressing over a long period of time i am a long
hold investor i'm not somebody that's trying to gain the market i'm not buying meme stocks i am
looking to grow a long-term successful millionaire portfolio so that's kind of what i'm interested in
so if you like that kind of content make sure you tap that subscribe button because there's
more coming here to the channel to help you with your long-term millionaire status
so make sure you know a little bit about what's going on if you're a big fan of tesla if you own a
tesla if that's something that you'd be interested in keeping up on from a news perspective i'm not
saying every day i'm saying from time to time then it might be something that you might be interested
in but here's what we're buying today guys now that we got the research out of the way under
the watch list we're going to talk a little bit about how you buy a stock now the first thing i'm
going to say is i've done a lot of research this is not financial advice make sure that you do your
own research so that you're being smart yourself and consult with a financial advisor if you have
any questions but what we're talking about that i'm super interested in and if you've been on
the channel you've heard this before i know it's a broken record but i am super interested in apple
now in my weibo account i tend to lean a little bit more toward etfs exchange traded funds
that pay a dividend but i want to take advantage of a little bit of a dip that i'm seeing with
apple as of the recording of this video i love apple i think they make a great product and yes
i'm going to come out and say it right now i'm super interested in the future of what they're
calling the apple car i bet i'm willing to bet some money that apple is working on a
car development system and if you think about it they have the watch they have the phone they have
the ipad they have computers and it's all such a seamless easy opportunity for people to just
take their technology and their ease of living to the next level imagine if you take that technology
and you put that into a car i think that's taking things to the next level of course i'm thinking
it's going to be an electric vehicle and i think it's going to come by the year 2026 to thirty so
i wanna get in now in the hopes that someday that could be our future very strong stock like we're
seeing with tesla and some of the others let's talk about how you can buy a stock and weeble when
the market's open now it's really important to know that the stock market is open from 9 30 a.m
eastern standard time until four o'clock eastern standard time every single day from monday through
friday there's also an extended hours option which will actually buy in extended hours as well here
on this video so you can see both options whether the market's open or we're in extended hours with
weeble i'm going to show you both if you think that's pretty cool tap the like so let me pop
up my weeble screen over here and we're going to go back into it and i'm going to walk you
through exactly how to purchase it in the market so there's a couple things you can do you can go
into your watch list like we did earlier and type in what you're looking for right there it is apple
trading for 125.43 you can click the blue trade button at the bottom of the watch list as you're
doing your research so if you're interested in it you want to buy it hit that trade button and it'll
take you back to this buy screen there's another way you can do it by hitting the center button
right there in the middle of your weibo app and then what you'll see is a quick trade button you
can certainly click on that and that will also take you to the all familiar buy screen once
you type in what you're looking for in this case i'm going to type in apple now once i hit search
and i get this thing figured out here so there's an important thing to know about when you have
more than two thousand dollars in your weibo account they allow you to trade on margin that's
not a beginner tactic it's not something that i recommend i do not trade on margin
that's basically trading with the brokerage's money they can institute a margin call which
means you basically are in debt it's a loan that's how i look at it which means you've
got to then pay that loan back that's dumb i don't like that idea instead i only want to trade with
the cash that i have in my account okay and i'll explain exactly what that means in just a moment
so i can sit here and i can go all the way up to 162 shares which would cost me 20 309
but here's the kicker guys even though i'm going to get 162 shares of apple i do not have 20 000 in
my cash account here on weibull which means i will be trading on margin big no no stay away from that
so here's how you find out what you actually have you want to hop back to your main screen uh
in the center so you see right here it says cash balance 569.95 that's something i keep in my mind
as i'm executing my buy orders with weibull i know i can't exceed 569 when i'm purchasing
these shares something to think about so i'm going to hop back over let's get apple purchased now
remember they do not offer at the moment at the recording of this video i hope to have an update
video where i can send some better news here but they do not allow fractional share trading with
this app i know it stinks robinhood m1 finance stash i'll include the links to those below too
they do allow fractional shares which means that if you only got five dollars but you still want
to buy into apple you can put five dollars in and earn a little fraction of a full share based
on how much money you put in but weeble does not allow that right now so you gotta buy it in full
shares which means you need the share price times however many shares you want to purchase okay
so in this case we are going to buy two shares of apple that'll run me up uh right about
250.74 so let's get right to it first thing i'm going to do this is on a market order
which means that i want to buy two shares of apple at the current price that's set in the
market that means whatever the price is right now that's what i'm buying that's what market
means we're going to talk about limit which is on the left hand side of market in just a moment
so let me hit confirm there's my confirmation screen great boom hit the confirm bam and now
we just bought two shares of apple so back here on the home screen you can see it's right down below
there apple two shares and it's worth 250 dollars and 60 cents now here's something that's kind of
cool the last average price is 125.30 that means that is the price it's going for right now right
underneath that it's 125.33 that's my average share cost so based on how many shares i've
purchased over the long period of time that's how much money i put up and that's my average
share cost so ideally you want your last price to be higher than that but you can see in this
hot second that we've been talking i'm now down seven cents not a big deal we'll check on that a
little bit later to see if it goes up in the after now another way to buy let's say you work all day
and you work and you're there past four o'clock p.m eastern time you get home oh
no the market's closed and for whatever reason you were not able to track your weibo app while
you're at work perfectly fine the cool thing about weibo is it allows you to trade in after
market hours in two different ways the very first way is pre-market hours which allows you to place
limit trades from four o'clock am until 9 30 a.m eastern standard time now remember
the market is open every day monday through friday from 9 30 a.m until four o'clock p.m and then
rebel gives you post market hours from four o'clock p.m until eight o'clock p.m now right now
as the recording in this video is now 7 47 which means we got about 10 more minutes left
until we're out of aftermarket hours and there's a couple ways that we can do this the first thing i
want to do though is let's check back on apple the trade that we made during the market hours
and as you can see here it is currently going for 125.51 my average share price of when i
bought those two shares earlier is 125.33 which means that we're up 35 cents in post market or
after market hours pretty cool now there's a couple ways that we can take advantage
of an aftermarket trade you cannot typically make trades the same way that we do when the market's
open i'm going to walk you through exactly how that works the very first thing we could do of
course is we can go back to the watch list tab and either type up the ticker symbol we're going
to stick with our example of apple so aapl and we can do it that way just like we did earlier
or you can come back to the center button now when you come back to the center button there's
a couple things you can do the first one you can click on the share that you own and click the buy
icon right below it'll take you back to the very familiar screen that we already explored earlier
another way you can do it is of course like we did earlier which is the quick trade button click on
that and it'll let you it'll ask you what is the stock that you're searching for i can see apple
was still up in the positions there so i'm going to click on that and here we are back on again
the same screen so it's many different ways to get to the same screen that you were already on
but here's where things get a little bit different when you want to place trades either in the
pre-market or the post market like we're gonna do live here today you have got to change your order
type from market to limit so i'm going to hop over here to limit now the reason you have to do
that is because after hours there can be a lot of volatility in the market and they cannot guarantee
a market order because the market is closed that's why you want to place a limit trade now i know
that it's currently going for 125.58 so that's the exact limit price i'm going to stick with if
i wanted to change that i could change that either through this slider as you can see it's going up
in price or going down in price but i want to stick it right to where it's at which is at 1
25 58. you can also click on this and type it in if you don't want to mess around with the slider
or use the plus or minus button located right next to the limit price option now the next thing we
want to do is set the quantity of how many we want to buy again i am not a fan of trading on margin i
know i have enough cash balance right now my weibo account and i'm going to do one share so that'll
give me up as you see below here estimated amount will be 125.58 and i'm going to have to click yes
for extended hours because we're trading here at 7 50 p.m eastern standard time in the aftermarket
effect okay now all i'm going to do is come down here i'm going to make sure everything looks good
as i listed it which is great limit by 125.58 the amount which is one share and yes i'm trading in
extended hours because it's after four o'clock p.m i'm gonna hit buy there's my confirmation
screen everything looks great and i'm gonna hit confirm boom now it does take some time because
it's on a limit order to hit that exact price now here's what's interesting do you notice
that it actually executed the order why i can see it right there i now have three shares instead of
two shares of apple so i just traded and bought another share of apple after the market was
already closed that's what's super cool about weeble so i love weibo i'm gonna still focus on
my dividend paying stocks i got more coming from my wee wolf journey so make sure you subscribe
so you don't miss out on the next video check out my weeble journey right here and another
video that you might find interesting right here and until next time live your sweet life