Changing an Order

Orders still listed as Open in the Status column of the My Account > Order Status tab may be cancelled or changed up until they time-out or are filled.

To change an order:

  1. Click on the open order your wish to change in the Order Status tab.
  2. Click the Change link.
  3. The Trade tab will open for with the details of the current trade already loaded in the appropriate fields.
  4. Make any changes to the order, such as the quantity, price, etc.
  5. Click Verify Order and you original order will be cancelled and replaced by this updated order.
  6. If you change your mind about changing the order, click Cancel changes and your original order will remain intact.

To change a Multi-Leg Option order:

Changing multi-leg option orders is similar to changing any other kind of order and takes place from the Order Status tab of the Account Details window. You can change the quantities, limit price (if applicable), special conditions, etc. Any fields unavailable to change are grayed out.

The most significant difference is the Order Types available when changing a multi-leg order. You can choose between Limit Debit and Limit Credit, as well as Even (neither debit nor credit), and of course, Market.

Click Verify Order to confirm and submit the changed order.

Get a quick overview of all the My Account Tab features in this self-paced Account Tab training video.

 

Copyright ©Charles Schwab & Co., Inc. 2012. All rights reserved. Member SIPC. (0412-2445)