SmartEx™ Order Types

StreetSmart.com® allows you to select any of these SmartEx order and action types:

*You can always request to cancel a limit order that has not completely filled. Market orders cannot be cancelled during Standard Market Session.

**For some NMS equities, you may not be able to change the order. When this occurs, you will notice that your order cannot be changed because, in most cases, it will fill immediately.  

Order Types: Market, Limit, Stop, Stop/Limit, Trailing Stop (pts), Trailing Stop (%)

Action Types: Buy, Sell, Sell Short, Sell All, Cancel*, Change **

 

Trailing Stops

 

Use Trailing Stop order types after placing Buy or Short orders to help protect your profits and minimize losses.

 

A SmartEx Trailing Stop Buy/Sell/Short order is an order whose stop price will trail either the current inside ask (if buying) or inside bid (if selling/shorting) at the time the order was submitted by the number of points or the percent you specified in the Trailing Value field.

EXAMPLE  In the image below, we have a trailing stop of 5% set.


Stock and/or option symbols and price and volume data shown here are for illustrative purposes only. Charles Schwab & Co., its parent or affiliates, and/or its employees and/or directors may have positions in securities referenced herein, and may, as principal or agent, buy from or sell to clients.

 

You can designate which session you want your order placed in:

Trade TypesAvailableNot Available
Standard Session/SmartEx

Routes 24/7 to Schwab for submission in current/next Standard session.

Trades are executed from 9:30 a.m. to 4:00 p.m. ET.

Always available
Pre-Market

Only from 8:05 p.m. to 9:15 a.m. ET.

Trading session open from 7:30 a.m. to 9:15 a.m. ET.

From 9:15 a.m. to 8:05 p.m. ET
Post-Market

Only from 4:05 p.m. to 8:00 p.m. ET.

Trading session open from 4:15 p.m. to 8:00 p.m. ET.

From 8:00 p.m. to 4:05 p.m. ET


 NOTES:

Get a quick overview of StreetSmart.com Trading features in this self-paced Trading training course.

 

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