Trade-Ideas
<< Previous: Signals Window  ·  Table of Contents  ·  Next: Orders Window >>

Active Symbols Window

Related Pages

  • Help for Trade-Ideas Pro
  • Trade-Ideas Robot for TD Ameritrade Landing Page

Related Video Lessons

  • Configuration Window
  • Automated Trading: Trade-Ideas Robot for TD Ameritrade: Overview
  • Automated Trading: Trade-Ideas Robot for TD Ameritrade: Strategies Window
  • Automated Trading: Trade-Ideas Robot for TD Ameritrade: Signals Window
  • Automated Trading: Trade-Ideas Robot for TD Ameritrade: Orders Window

Transcript

This transcript is intended only to assist automated search tools.  This transcript is not a replacement for the auto-visual presentation.  If you are reading this, you have not installed Flash on your computer correctly.

Now let’s take a look at the Active Symbols window. This window shows you the status of stocks which you are active in your account, or have been active sometime today. There are several ways to configure this window. I like to keep all the data together. I find it useful to see the open orders and open positions together. However, a lot of traders prefer a more traditional approach. For example you could have open positions in one window and all of your transactions in a different window. There are many possibilities. Notice that new symbols are always added to the bottom. Old symbols do not go away automatically. To remove old symbols, hit the refresh button. Open positions refers to any stocks that we currently own, or we are currently short. The first set of columns describes the open positions. Position size says how many shares you own. If you are short, this will be a negative number. If you are flat, this field will be blank. Cost basis shows the price where you entered the position. Unrealized P&L is based on the cost basis, the size of your position, and the current price of the stock. We use the bid price if you are long, and the ask price if you are short. Unrealized P&L arrow shows the same thing graphically. The flatten, ½ and double buttons only apply to open positions. These will buy or sell stock depending on the size of your current position. For example, if you have 100 shares of DELL, and you hit the ½ button, the software will sell 50 shares of DELL. Open orders shows stocks with at least one open order. If a stock has more than one open order, then we display a summary of all of them. The next set of columns describes the open orders. Order type can be market, limit, etc. This field will be blank if you do not have any open orders or if you have more than one type of open order for this stock. Order price shows the limit or stop price for an order. This will be blank if the order is a market order, or there are no orders for this stock, or there are conflicting orders for this stock. Order shares tell you the size of the open order. If you are buying stocks, this will be a positive number. If you are selling, this will be negative. If you have more than one open order, this will contain the total number of shares in all of the orders. Order date says when the order was first placed. If there are multiple open orders, this will apply to the most recent one. Closed positions refers to any stock where you owned at least one share today and sold at least one share today, or you were short and bought the stock back. If you only sold part of your position, then the stock will appear in both the open and the closed positions. The last set of columns describes the realized P&L for the stock, which only applies to closed positions. Realized P&L is the total amount that you made on that position today. The realized P&L on the main window is the total of all of the values in this column. Buy price is the average price at which you bought the stock. Sell price is the average price at which you sold the stock. Shares is the number of shares which have been closed. For example, if you bought 1000 shares, and sold 200, then this would say 200. This will conclude this segment on the Active Symbols window.

© Copyright 2002-2011, Trade Ideas LLC. All rights reserved.