The Trade tool is the primary order routing interface in StreetSmart Edge® and was designed to put important information at your fingertips to help you act on a security's most relevant, up-to-date data.
The same trading features are also available in the Symbol Hub, which is a one-stop-shop for trading, quotes, charts, news, and research. You can have up to 8 Trading windows open across all open layouts at once.
For a demonstration and more information on Trading and Quotes, visit the Training page.
TIP: You can also initiate trades by selecting Trade [symbol]... in the right-click menu or from the Actions drop-down in many windows where a symbol is displayed. This includes the Positions and Order Status tabs of the Account Detail tool, Watch Lists, Screener Hub, News tool and more.
The Stocks & ETFs tab of the Trade tool shows streaming Level I, Market Depth, and Time & Sales, as well as News updates, if you wish, to aid in decision-making.
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Multiple leg options strategies will involve multiple commissions. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options." Member SIPC
The Options tab provides you the tools to place both simple and complex/multi-leg option orders.
For more information on Option trading, see Options Tab Features.
Conditional Orders are a way to place orders when the market conditions you define are met. You specify up to 3 conditions, as well as up to 3 orders that will be placed when those conditions are met.
The conditions operate just like Alerts, with the added convenience of placing an order on your behalf.
TIP: Conditional Orders are a way to manage risk on positions you already hold. Another way to do this is by setting up Brackets on your equity and option orders. Brackets are profit, stop loss, and trailing stop exits and can help protect against significant losses, as well as protect profits on a position. For more on how brackets can help your trading and how to apply them, see Brackets Overview.