Beginner’s Guide to Placing Stock Orders on TradeKing

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Short video lesson showing how to place a stock order to buy and sell stocks on the TradeKing broker trading platform.  To begin, find the “trading” tab on the TradeKing website menu and select “Stocks + ETFs” which will bring you to the stock order ticket.  Choose an action, which includes

  • Buy
  • Sell
  • Sell Short
  • Buy to Cover

then enter the number of shares and the stock symbol.  At this point, you can click anywhere outside the stock symbol box and the stock quote information will appear for that stock symbol.  After reviewing the quote, choose a price to buy or sell along with an order entry strategy:

  • Market Order
  • Limit Order (including price)
  • Stop Loss Order
  • Stop Limit Order
  • Market on Close order

Finally, choose the time duration for which you want the order to be active:

  • Day order (order expires at end of the trading day)
  • GTC (good till canceled)

Extra features include qualifier orders such as

  • None
  • All or None (AON)
  • Do not Reduce (DNR)
  • AON/DNR

And advanced orders to further modify your order entry strategy and risk management:

  • Trailing stop order
  • Contingent order
  • One cancels other (stock-option)
  • One Cancels Other (Stock-stock)
  • One Triggers Other (Stock-Option)
  • One Triggers Other (Stock-Stock)

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