Trade Stocks

Place stock trades from the Stocks tab in the Trade tab.

• Enter a symbol, select the variables for the order such as quantity, price, dividend reinvesting, and more.
• Then click Verify or Place Order to send the order, or click Save Order to save the order for later use.

Symbol

Type the symbol for the security you wish to trade in this field and click Get Quote

Get Quote

Once you've typed a symbol in the Symbol field, click Get quote load the symbol into the Level I quote fields (F).

Symbol Lookup

Opens the Symbol Lookup window.

Margin Requirements

Displays the margin requirements for the current stock.

Level I Quote

Displays Level I price and volume data for the current stock when you click Get Quote.

STOCK TRADE

Action

Choose from Buy, Sell, Sell All, or Short.

If "*HTB" displays next to the Action field, this is the "Hard to Borrow" indicator. Stocks with this indicator may be difficult to borrow for shorting purposes. If the stock you wish to short has this indicator, consider that it may be difficult to fill your order. For questions on shortable share availability, please contact Securities Lending at 1-800-355-2448.

Fractional Shares: Using the Sell All action in combination with the SmartEx or Schwab Pre Market/After Hours venue is the only way to send orders to sell fractional amounts. Direct Access venues do not offer fractional share trading.

Shares

Enter the number of shares you wish to trade.

Fractional Shares: As the quantity field does not allow the input of fractional shares, using the Sell All action in combination with the SmartEx or Schwab Pre Market/After Hours venue is the only way to send orders to sell fractional amounts. Direct Access venues do not offer fractional share trading.

Venue

Select a order routing venue. For information on each venue, refer to Order Routing Venues for more information, or Direct Access Order Routing if you have direct access enabled on your account.

Order Type

Choose an order type. Refer to SmartEx Order Types for details.

Limit Price

If a Limit Order Type was selected, enter a Limit Price.

Stop Price

If a Stop or Stop/Limit Order Type was selected, enter a Stop Price.

TIF

Time in Force; choose how long the order should last:

• Day (default)
• Good Until Cancelled (GTC)
• Immediate or Cancel (IOC)
• Fill or Kill (FOK)

Special Conditions

Choose from:

• none
• All or None - Available with SmartEx Limit orders of 200 shares or more.
• Minimum Quantity - Available with SmartEx Limit/Stop/Stop Limit orders of 300 shares or more.

NOTE: If you choose none, StreetSmart.com® will automatically make your order type a Day Limit order.

Dividend Reinvestment

Check this box to reinvest dividends.

Do not reduce

Instructs the broker not to reduce the limit price by the amount of the cash dividend when a stock goes ex-dividend and the market price is reduced by the amount of the dividend. You can specify DNR on limit orders to buy, stop orders to sell, or on stop-limit orders to sell.

BRACKET

Remove/Add Bracket

Allows you to add Bracket order criteria. For details, refer to the Bracket Overview section.

PREVIEW TRADE

Preview

Displays the details of the order in an easy-to-read format.

The letter in parentheses after the security name is the Financial Status Indicator (FSI).

FSI Codes

Verify/Place Order

Click to open the Verify Order window.

• Check Show Order Status after placing order if you wish to have the Order Status sub-tab display immediately after the order is placed.
• Confirm the order conditions and click OK, or if you wish to make changes, click Cancel.

Clear Order

Clears the settings in the Trade Stocks tab.

Save Order

Saves the order for quick loading and submission at a later time. Saved orders can be found by going to My Account > Order Status & Messages and clicking the Saved Orders selection instead of Order Status.