Placing Orders with SnapTrader 2

1.  Select an account. Accounts are selected on Order Book. To change accounts, right-click the account name to open Account Picker.

2.  Set the price: In market mode, you’re trading the best bid or best ask. To choose a different price, use the up and down arrows or the horizontal line on the chart to move to a different price.

If the price is below the current best bid, the buy side is a limit order and the sell side is a stop order. If the price is above the current best offer, the buy side is a stop order and the sell side is a limit order.

3.  Set the size: The size displayed is the default size set in risk preferences. Click the size field and either type a new value or use the mouse wheel to move to a new value. You can also click a most recent size button.

4.  Set the duration and order type: Click the Order Types button to open this menu and select duration and type.

 

5.  Place the order. Orders are placed by clicking the buy and sell buttons. The button display depends on the SnapTrader mode.

See SnapTrader 2 Components for details about the price, type, and duration display.