Any trade (long, short, buying, or selling) can be completed using the same steps. All portfolios are simulated. To execute an actual trade you must contact your broker.
Buying Long, Selling Long, Selling Short, or Covering Short Positions:
Select a portfolio. The selected portfolio will be highlighted on the left side.
Click the "Add Trade" button on the local toolbar.
Complete the information on the Place Trade Window.
Trade Type: Use the drop down arrow to select whether you would like to buy long, sell long, sell short, or cover short.
Symbol: Type the ticker symbol or company for the stock you wish to trade, and hit enter or use the tab key on your keyboard to select a symbol.
Trade Date: To change the current trade date, Click the "edit viewer timer" button to use the calendar to select your preference. Click here for more information on how to use the date/time control.
Quantity: Type the number of shares you wish to trade.
Price/Share: Type the price per share, or click the Get Price Button to fill in the price for the date and time you have selected.
Commission: This information will already be completed based on your Portfolio Settings, but can be changed by clicking the Edit Button.
Cost Basis: This field will automatically be calculated based on commission, price per share, and quantity. If you do not know the price per share paid, you can enter the entire amount of the transaction in the cost basis window by clicking the Edit Button.
Intitial Margin Requirement: This information will already be completed based on your Portfolio Settings, but can be changed by clicking the Edit Button.
Buying Power: Available buying power will be displayed in the bottom right
corner of the Place Trade Window
Current Day's Close: Purchase stocks at time the market closed for the
current day.
Current Day's Open: Purchase stocks at time the market open for the
current day.
Next Day's Open: Purchase stocks at time of Next Day's Open. You must be
using a previous date to utilize this feature.
Next Day's Close: Purchase stocks at time of Next Day's Close. You must be
using a previous date to utilize this feature.
5. Click "Apply". The transaction will be shown in the 'Pending Trades' section of the window.
6. Click "OK" when you are finished adding trades
7. Click "Yes" on the confirmation screen that appears. The stocks will be shown in your Portfolio.
Removing Trades from the Pending Trades Window:
Trades appearing in the lower section of the place trade window may be removed individually, or in total.
Left-click on the trade you would like to delete.
Click the blue 'X' and the trade will be deleted.
Note: Clicking the red 'X' will remove ALL trades listed.