How to Place a Trade

Please review the video below for instruction on how to place a trade using the Trade Ticket window. Popular trade ticket terminology and definitions can be found below the video. 

List of Order Entry Fields

• Side - Buy, Sell, or Sell Short.  

• Quantity - Number of shares to trade in the order.

• Symbol - Stock symbol you wish to trade.

• Price offers several options, including Bid, Ask, MKT, and Last.  You can always manually type in a price.  If you select Bid, Ask, or Last, you can offset by clicking the up or down arrows next to the Price field.  

• Account – If you have multiple accounts you can select from them here.

• Destination – The Simulator offers direct access trading.  Consult your broker for routes available.

• Commission - If available, the commission plan charged on the trade.

• Trader - The Trader ID of the user placing the trade.  By default this can't be manipulated.

• Price Type – You can select stop orders or market-on-close orders.

• Time In Force – Select Day orders. GTC, Opening, Extended hours (post-market), etc. are Not available at the moment. Use DAY for all your orders and it should work in all Situations except it will expire at midnight everyday.

• Currency - Currency the listed security trades in.  By default this field will be greyed out.

• Pref - Not a functional field anymore.  We'll remove it one of these days.

• AON - All Or None.

• DNI - Do Not Increase.  In the event of a dividend or split, do not increase the number of the shares in the order.

• DNR - Do Not Reduce.  In the event of a dividend, do not reduce the limit price of the order.

• Solicited - When checked, orders sent are marked as Solicited. This checkbox is strictly controlled and generally not available to individual end-users.

These definitions are provided with help from our friends at SterlingTrader. Still have questions? Please reach out to our Support Team, and we'd be happy to help.