For a demonstration and more information on Trading and Quotes, visit the Training page.StreetSmart Edge® offers three unique tools for entering trades, enabling you to choose the tool that works best for your trading needs.
Schwab's most dynamic order entry tool yet, with customizable tabs for quick access to the trading actions you use most frequently. Equity and Conditional order entry stays highly efficient, while option order entry is more intelligent and streamlined.
The All in One Trade Tool (found in Launch Tools under Trade - All in One) adjusts the order entry fields on the fly in response to your order entry selections, so you can add option legs, change order strategies, and quickly find the contract you want to trade.
You may display up to 28 All in One Trade tools across all open layouts, with up to 8 tabs in each tool.
The original StreetSmart Edge® order routing interface, with tabs for Stocks & ETFs, Options, and Conditional Orders. The Trade tool is designed to put important information at your fingertips to help you act on a security's most relevant, up-to-date data.
You may display up to 8 Trade tools across all open layouts.
You can also place trades from the Symbol Hub, a one-stop shop for trading, quotes, charts, news, and research. You may display up to 8 Symbol Hub tools across all open layouts.
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 shows streaming Level I, Market Depth, and Time & Sales, and the Trade tool and Symbol Hub also show News updates, if you wish, to aid in decision-making.
The All in One trade tool is ideal for option traders, thanks to the seamless stock and option trading workflow. See the All in One Trade Tool to learn more.
In the Trade tool and Symbol Hub, the Options tab provides you the tools to place both simple and complex/multi-leg option orders.
next to any option symbol to see the contract specifications and Market Depth information for that contract. For more information on Option trading, see Options Tab Features.
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." Supporting documentation for any claims or statistical information is available upon request.
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.