Professional Documents
Culture Documents
Manual Thinkorswim Eng Usa
Manual Thinkorswim Eng Usa
Manual Thinkorswim Eng Usa
User Manual
CLICK denotes that you should use the LEFT CLICK feature of your mouse.
DOUBLE CLICK indicates that you should perform a DOUBLE LEFT CLICK with
your mouse.
RIGHT CLICK denotes that you should use the RIGHT CLICK feature of your
mouse.
ENTER indicates that you should press the ENTER key on your keyboard. Please note:
Despite our best efforts to keep this manual complete and comprehensive, there may be
points at which you feel a need for further clarification. When placing a trade, ALWAYS be
certain to double check your trade parameters before submitting it. In the event that
anything described in this manual differs from your experience with the software, or if you
have any questions regarding how to place a trade, please contact our Dedicated Support
Desk Specialists at 800-672-2098.
Table of Contents
I. Logging on to thinkorswim from TD Ameritrade......................................4
II. Quick Shortcuts.......................................................................................7
III. The Application Windows........................................................................9
a.
Left Sidebar
Account Info...............................................................................9
Gadgets ...................................................................................12
b.
I.
Domain:
The Domain field is found in the upper right hand corner of the logon screen. It allows you
to select the domain you will connect to. CLICK this field to open a drop-down menu
allowing you to select from a list of domains. The only time that you will need to adjust this
field is in the event that you have an account with thinkorswim, thinkorswim Canada or
Investools that you would like to access. Otherwise, this field should be set to TD
Ameritrade, the default setting when you first install the software.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
In the event that you would like to change your background color, CLICK on the top menu
item, titled Color scheme, and select a different background color from the choices listed
in the drop-down menu:
Logging on:
Once you have selected your Connect to choice, simply log on with your UserID and
password. The UserID and password are the same for Live Trading and paperMoney, so
make certain you have selected the correct choice in the Connect to field. Note that you
must use lowercase letters for both your UserID and password in order to log on to your
account.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
II.
Quick Shortcuts
The platform has shortcuts to speed up navigation and order entry. Learning more shortcuts
can help enhance your understanding of the softwares logic and increase your efficiency.
The following table will show you where you can find specific icons, and what the icons
represent:
Name
Tab/Page
Function
Blue Dot
Monitor, Trade,
Analyze
Opens a menu
Blue Arrow
All
Opens a menu
Grey Dot
Market View
Market Watch/ Quote
Link Boxes
Market View
All Tabs/Pages
Gear
Market View
Market Watch/Quote
Detach Icon
All
Print Icon
All
Monitor/ Acct.
Statement
Trade/All Products
Analyze/ Several
Multiple pages: black
background
Blue Flag
Double Down
Arrows
Message
Center
Left Sidebar
Earnings
Watch list
Charts
Dividends
Watch list
Charts
Calendar
Yellow Flag
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
Conference
Call
Watch list
Charts
Hot News
Watch list
Charts
Setup Icon
Multiple pages
Gadgets Icon
Account Info
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
a. Left Sidebar
Below this banner is the Left Sidebar. This area provides you with basic information which
will always be displayed regardless of the main page you are on (we will discuss the main
pages later). The Left Sidebar is split into three sections:
Account Info:
The Account Info area includes your basic account information. You can see the current
date and time, your session status, your active account number, your option buying power,
and your net liquidating value and day trades.
1. Current Date and Time: click on the blue dot to the left to select either your local
date and time, or the equivalent Eastern Time Zone time (New York time).
2. Connection Status: your status should always read either Connected for accounts
that have signed the exchange agreements or Delayed 20 min for accounts that
have not signed the exchange agreements.* If it displays Reconnecting then
something is wrong. If your platform doesnt reconnect in about a minute, close your
software and reopen it to re-establish connection. You can also click the blue dot to
the left of Connection Status to change your password.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
3. Active Account: this will display the current account you are viewing and any linked
accounts you may have. Note that accounts beginning with D indicate paperMoney
accounts. This is another way that you can verify whether you are logged on to your
live or paperMoney account. You cannot toggle between a live account and a
paperMoney account. They are kept separate to prevent confusion.
4. Option Buying Power: this will display the amount you may invest in an options
position. CLICK the blue dot to the left of Option Buying Power to view your Stock
Buying Power which factors in the margin capacity in your account.
5. Net Liq. & Day Trades: Net Liquidating Value (Net Liq.) is the current value of your
account based on the MARK of each asset you have a position in. The MARK for a
stock is generally the last trade price. The MARK for an option is always the midpoint between its bid and ask prices.
Clicking the blue shortcut dot next to Net Liq. and Day Trades opens a window
showing the net liquidating values for the five most recent dates. If you are in a
public environment, you can select the Privacy box to block your account
information from being displayed.
You can hide the entire Left Sidebar using the blue arrow to the left of ACCOUNT INFO in
this section. By default it will point down. CLICK it, and it will point to the right and hide this
entire section. Note that whenever you see a blue arrow, you can click it to either open a
menu or to expand/collapse a section. Simply click on the blue arrow again to reopen the
Left Sidebar (or any other section/menu).
You will also notice two buttons to the right of ACCOUNT INFO. One reads Support/Chat
and the other is an orange circle with an ! in it.
CLICK the Support/Chat button to contact live support, visit chat rooms, manage your audio
settings, and view archived seminars. Note that you can get assistance from the Live
Support team by CLICKING Create Support Request:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
10
You can also say hello to other users by accessing the Chat Rooms tab:
If Client Services needs to send you a message or a change in status occurs for one of your
orders, the Message Center will popup and then disappear. In the event that you would like
to check to see if there are any new messages from the Message Center or if you didnt
finish reading a message, CLICK the orange circle to reopen the window.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
11
Gadgets:
Gadgets are some simple tools that can help you access certain types of information quickly.
There are fourteen choices in gadgets and you can have as many windows open as you
want. The blue arrow will open/close each window. To add or remove gadget windows to
your desktop, CLICK the wrench next to Account Info on the top toolbar. This invokes a
small window with a GREEN plus sign or a RED slash. The section is collapsible by CLICKING
the blue arrow to the left of this box.
Please note: You can you choose your gadgets, how many, and their contents. You can also
detach and move the window to another location on your desktop. Notice at the far
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
12
right side of the Gadgets button is another button that looks like two pieces of paper
within a circle. This is the Detach button:
CLICK this icon to open a separate duplicate window. This box will duplicate the content in a
separate Windows-based window. The toolbar will change to a lighter shade of blue. This
way, you can reposition the detached window. You can change the gadget on each one for
quick access from the bottom Menu bar on your monitor. Additional monitors with extended
desktops will allow you to view more information simultaneously. This screen mobility
feature is available for all windows with the two-sheet icon.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
13
b. Main Window
The majority of the space on your screen displays the Main Window. This area will be the
primary section you will use to monitor your account and to enter orders. It is split into
several sections called Tabs which appear horizontally across the top of the Main Window.
While the advanced features of the platform allow the tools on each tab to overlap, for the
purposes of this manual we will focus on the individual content relevant to each tab.
Monitor Tab:
The Monitor tab is split into pages: all users have the Activity and Positions page and the
Account Statement page. Traders of the futures and Foreign Exchange (FX) will have
those pages listed here as well. Each page is designed to allow you to monitor your account
status and balance in real time.
Monitor Tab > Activity and Positions:
This page will give you a snapshot of your accounts trade activity and positions.
The top portion is the TODAYS TRADE ACTIVITY section. In this section you can view your
Working orders, Filled orders, and Canceled Orders.
Notice the blue arrow to the left of Working Orders is pointing down, indicating this menu is
opened. If it is not, CLICK it to view any working orders. One working order is displayed
above.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
14
RIGHT CLICKING anywhere on the order will bring up the Order Menu:
The Order Menu:
Any canceled order will appear below the Canceled Orders section.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
15
Note that directly underneath the Position Statement heading, you can CLICK the Group
drop-down menu to arrange your positions by type, capitalization, industry, or account:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
16
If you RIGHT CLICK on the blue arrow next to the stock symbol (or the blue dot next to the
position itself), you can open a drop-down menu:
This menu allows you to quickly access additional information about your position, or create
orders for your position, including Create Closing Order. If you press and hold the CONTROL
(CTRL) key on your keyboard down, you can also CLICK on individual legs to highlight them,
and then if you RIGHT CLICK you can select Create Closing Order for those highlighted
positions:
This shortcut allows you to create an order on the Trade tab that would close your position if
filled. You have an opportunity to modify the order before you send it. This shortcut WILL
NOT cancel any previously entered orders, so be sure to always double check if you are
working any other orders for the same position. If so, cancel the old order before entering
your new order.
Note that two of the legs above are blue, those two were selected by:
Analyze Closing Trade: this populates your Analyze page with a simulated trade
(discussed later) so you can see what your overall position might look like if you
closed a portion of it.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
17
Market Depth: this displays the assets bid and ask prices from each exchange in the
Gadgets section of the Left Sidebar.
Trade Grid: this opens a detached window that will display the assets bid and ask
prices from each exchange.
View Trades: this opens a new window that will list all your filled orders for your
current positions. This platform utilizes First in First out inventory management, so
only the most recently opened positions will be displayed.
Quick Chart: this opens a small chart for the asset in the Gadgets section of the Left
Sidebar.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
18
To quickly view the accounts history, enter the number of days (up to 30) to the right of
your account number and hit ENTER on your keyboard.
To view all the activity over a specific range of dates, CLICK the change dates viewed
button and enter your start and end dates. You can even set specific date such as one
options expiration to the next expiration. To reset, CLICK the reset button.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
19
Please note: You will not be able to use the change dates viewed feature without selecting
a specific account. In order to view the history of an account, you must first select an
account from the Active Account menu at the top left corner of your screen, under Account
Info. If your Active Account menu says: <TOTAL> (ALL ACCOUNTS) then you will need to
select a specific account by clicking on <TOTAL> (ALL ACCOUNTS) to open the Active
Accounts drop-down menu.
Remember: For the time period selected, you can choose to display all related trades for
one symbol.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
20
Trade Tab:
The Trade tab consists of the most advanced trading tools in the industry. This section
provides access to Advanced Orders, Algorithmic Orders (based on mathematical
calculations), Customizable Orders, One Click 1st Triggers Other Orders, and more.
The Trade tab consists of four pages: All Products, Forex Trader, Futures Trader, and Active
Trader.
Trade Tab > All Products:
This page consists of five sections that function separately and together:
Underlying
Trade Grid
Options
Order Book
Underlying:
The upper left corner of this section contains the Symbol Field. Here you can enter the
stock, index, or futures symbol you are interested in and hit ENTER on your keyboard. TIP:
always hit ENTER on your keyboard after typing something into the platform.
Directly below the Symbol Field you will see the word UNDERLYING (or FUTURES if you
type in a futures symbol). Please also notice directly below the word UNDERLYING is a
blue arrow that is pointed down. This indicates that a secondary menu has been opened in
this area. If your blue arrow points to the right, CLICK on it so it points down.
These are the information fields in the top row of this section display:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
21
Last X: the last trade price (or last calculated value for an Index) and the exchange
that posted the trade.
Net Chng: the change in last price since the previous close. This value only updates
during regular U.S. trading hours and may be adjusted to reflect dividends or stock
splits.
Bid X: the published price and the exchange publishing the price. This shows what
someone is willing to pay to buy the asset.
Ask X: the published price and the exchange publishing the price. This shows the
price for which someone is willing to sell the asset.
Size: will contain two numbers. The first number corresponds to the bid price and is
the number of shares X 100 that the bid price represents. The second number
corresponds to the ask price and is the number of shares X 100 the ask price
represents.
These are the information fields in the second row of this section display:
Yield: the % annual dividend yield for a stock based on the latest announced
dividend and the current stock price
PE: the Price/Earnings ratio based on the current stock price and the latest reported
company earnings
Div. Freq: the latest announced dividend frequency for this stock (usually quarterly,
but also semi-annually, annually, or another frequency)
Beta: a calculated value measuring the returns for this stock in relation to the
market over time
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
22
You can also access Level II quotes from the Underlying portion of the Trade Tab by adding
a symbol into the symbol entry field and pressing ENTER. Then RIGHT CLICK on any of the
symbol data that appears under the Underlying portion:
Note that in the image above, instead of Underlying, it now reads Futures; this is
because the symbol entered is actually a future. An equity symbol in the symbol entry field
would then display Underlying instead of Futures in that position.
After selecting Market Depth, the Level II quotes will display under the Market Depth
gadget in the Gadgets section on the left hand side of the application:
In the event that you havent set any of your gadgets to Market Depth, the software will
automatically change the top gadget listed to a Market Depth gadget, and the Level II
quotes will be displayed in a window within that gadget. You can display Level II quotes for
more than one symbol at a time within the Market Depth gadget. Note that you can also
close the Level II quote windows for any of the symbols displayed within your Market Depth
gadget by clicking on the X icon at the top right hand corner of each Level II quote
window:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
23
In the above image, two sets of Level II quotes are displayed, and either or both of those
sets of quotes can be closed by clicking on the X at the top right of the respective
symbols window.
Placing a Stock Order:
From this section you can create a buy or sell order. To create a buy order, CLICK on the
ASK price. To create a sell order, CLICK on the BID price. The order you create will appear
at the bottom of the screen. Order entry instructions are listed in Section IV: Order Entry
Made Easy.
Please note: Futures and Forex trading is not currently available, although you can view
Futures and Forex quotes and trade them in the paperMoney mode.
The Trade Grid Section:
This section displays the best bid and ask prices from each exchange for an asset. Like the
symbol field found in the Underlying section, you can type in a symbol and hit ENTER on
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
24
your keyboard to view these quotes. Note that the blue arrow to the left of TRADE GRID
can be used to toggle this section open or closed by CLICKING it.
The Trade Grid can be customized to display information in several cells. Note that the
picture above has four cells displayed. By default, you will have one or three boxes. To
modify the number of cells displayed, CLICK the Grid icon (just above the top-right cell in
the picture) and select a different cell.
The Trade Grid can be a great tool for viewing option quotes from the six major exchanges.
The picture below shows a cell displaying the bid and ask prices for SPY:
As an advanced feature to this area, you can display a chart, news, and a dashboard
(among other features) cell in this area. To do so, CLICK the blue dot to the left of the
symbol field and move the cursor on top of the word, Gadget. You can select which gadget
youd like to use from the drop-down menu that appears.
You can CLICK the blue arrow to the left of the Trade Grid heading to toggle between
having the Trade Grid opened or closed.
You can also access Level II Quotes* from the Trade Grid by clicking on the blue dot to the
left of the symbol entry field, and selecting Level II from under the Gadget drop-down
menu:
This will allow you to use one of your Trade Grid cells to display Level II quotes. To do so,
simply enter a symbol into the symbol entry field and then press ENTER:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
25
Level II quotes for the symbol /ES are now displayed beneath the symbol entry field in the
Trade Grid.
*Access to real-time market data is conditioned on acceptance of the exchange agreements.
Professional access differs and subscription fees may apply.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
26
This section is designed to display an extensive amount of information about an option. The
image above shows the options montage for SPY. You can adjust the layout of the Options
montage by CLICKING the Layout field and selecting a preset layout or creating a
customized display. The Layout drop-down menu is shown in the image below:
The image below lists the SPY March 2010 Options. Each month in the Options Montage will
be listed in the following format:
The displayed information indicates that the Month of Expiration is March, the Year of
Expiration is 2010, the Number of Days until the last trading day is 1, and Shares per
contract is 100.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
27
PLEASE NOTE: You may notice that some options are listed in RED. Bank of America has
adjusted options which are listed as:
If the Shares Per Contract is something other than 100, it is an adjusted or modified
option. This generally results from corporate actions such as splits or mergers.
The information on the Call options is on the left, with Puts information on the right. The
month, year and strike price are listed in the center. Please note the above picture displays
four columns on each side. CLICK the name of each column (except for the bid and ask
columns, which are fixed) to change the field displayed for each option.
There are limits to how many columns you can fit on your screen. If you would like to
increase your available screen space, CLICK the blue arrow at the top left corner of your
screen, directly to the left of Account Info. If you have multiple monitors, you can also
detach this page and move it to a different monitor by CLICKING the Detach icon at the
top right corner of your screen, to the right of the Setup button.
At the upper right corner of the Options montage, you will also see a field titled Exchange.
The default exchange is set as Composite, which displays the best bid and offer from all of
the options exchanges in this section. If you only want to see the quotes from one exchange,
you can CLICK this field and select the one that you want.
The number of strike prices you can view are customizable as well. Note that on the
Strikes field at the top of the middle column in the image, All is selected. If you are only
interested in the At the Money strikes, you may choose a lesser quantity by CLICKING this
field.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
28
Analyze Tab:
The Analyze tab holds several advanced trading tools. From this page, you can view a
graphical representation of your positions profit/loss profile, stress test that profile, view
simulated trades before you enter that position, or see what your current position might
look like if you were to add or subtract from it. There are some informative videos available
under the Help tab to guide you along the way.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
29
The below images are of a simulated long position: +1 JPM Jul09 30 Call @ 3.85:
This simulated trade will appear at the bottom of this page (and the Risk Profile page) below
Positions and Simulated Trades:
Notice the padlock next to the price is green and unlocked. This will allow the simulated
price to float with the market movements. If you want to lock in that specific price, simply
CLICK the green lock.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
30
Notice under plot lines at the top of this page it reads +1 @ Expiration. That will show
your profit/loss profile at expiration with no time value remaining. The white line is todays
date and shows the theoretical P/L with time value to the position. The videos located under
the Help tab will show you how to manipulate this area.
Below the graph youll see the price slices:
The Price Slices correspond to the dashed vertical lines that appear on the chart. They will
display the theoretical P/L and Greeks at the various price levels so you dont need to
manually enter any prices.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
31
Probability Analysis:
This page uses the implied volatility of the options to graph a theoretically predicted stock
range.
You can adjust the dashed red lines to any range you are interested in viewing. Below the
graph, you will see a table displaying the % chance the stock expires between those prices
on a specific date. This information is beneficial for all option positions, especially vertical
spreads, butterflies, and condors when you are selecting high probability trades.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
32
This page works the same as the Trade tab or Add Simulated Trades page. You can CLICK
the ask price to load a long position, or CLICK the bid to load a short position. You can
RIGHT CLICK on a bid or ask to follow the menus to load a spread.
Suppose you were bearish on JNJ on Dec 2nd and decided to buy a slightly In-the-Money put.
You pay the ask price of 7.70 (you can change it manually if you think you might have
gotten filled inside the bid/ask prices).
Notice that there is a date to the right of BACKTRADES; that is your P/L Date. Advance
your date to see how your trade would have performed. In this example, suppose you were
no longer bearish on JNJ on Feb. 4th and would have closed the position. You would have
lost $360.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
33
For your convenience, we have also added a graph at the bottom of the page. This will
display the stock movements on a bar chart (or candlestick) with your thinkBack P/L listed
on a yellow line chart. Hold the cursor over the different dates to view your theoretical Profit
or Loss on each date.
Why do this? With stocks, its easier to determine if you would have made money. With
options, just because you bought a call and the stock went up a bit doesnt necessarily
mean you made money. The stock price is only one factor into the options price, which you
can test using the Risk Profile page.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
34
Scan Tab:
The scan tab houses some of the more selective tools on the platform. By selective, we
mean that these tools can help you decide how to proceed with a trade by considering
things such as which underlying stocks may fit your approach, or which option spreads
could offer you a reasonable risk/reward opportunity.
Please note that there are some informative videos available under the Help tab that
provide some additional information about the Scan tab.
Scan Tab > Stock Hacker:
Stock Hacker allows you to search for underlying symbols that have certain characteristics.
You can search for stocks within a specific price range, net or % changes, dividend yields,
etc. You can search through different industry groups by selecting a specific watch list from
the search in field.
Scan Tab > Spread Hacker:
Like Stock Hacker, Spread Hacker allows you to input criteria to search for potential
opportunities. The results are examples of option spreads, not specific underlying stocks.
You can narrow your results to display only one type of spread, an industry group, implied
volatility levels, or comparative volume (measured by the Sizzle Index).
Once you have identified a spread you may be interested in, RIGHT CLICK on it and select
Analyze Duplicate Trade to view the risk/reward profile under the Analyze tab.
Scan Tab > Spread Book:
Some option exchanges offer electronic option spread order books. Basically, any order
which involves simultaneously trading more than one option class is a spread order. Some
exchanges will trade spread orders electronically and work unfilled spread orders in their
order book.
The Spread Book lists all spread orders from customers. You can type in a stocks symbol
and hit the ENTER key on your keyboard to search for other customers spread orders. We
are currently working to integrate the TD Ameritrade spread book into this tool.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
35
If you like someones idea, and want to join them, you can RIGHT CLICK on the order and
select Create Duplicate Order, which will redirect you to the Trade tab. Here you can view
the orders information and decide if you want to proceed with the order. You can also check
the Analyze tab to determine if the risk/reward profile meets your trading philosophy.
In the event that you would prefer to make the complete opposite of an order, you can
RIGHT CLICK on the order and select Create Opposite Order. If you arent sure what
someone else is trying to accomplish with an order, you can RIGHT CLICK on the order and
select Analyze Duplicate Trade. This will populate the Analyze tabs Risk Profile page so
that you can view additional information about the order under that tab.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
36
MarketWatch Tab:
The MarketWatch tab gives you access to several tools including the Quote page, the Alerts
page, the Watch page and the Rollover Rates page. You can see the buttons for these pages
displayed horizontally, directly below the tabs.
To create a new watch list, select Create New Watch List from the drop-down menu; this
will bring up the New Watch List Window, shown below:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
37
From this window, you can name your watch list by entering a name into the text field
following Watch list name. There are two ways to add symbols from this window. You can
either CLICK on the Add Symbol button at the bottom left corner of the screen to do so, or
CLICK on the cell underneath the Symbol column heading:
In either case, you will find that the cell changes color (to white) and a text cursor appears
within that cell. After you type a symbol into this field and press ENTER, the Description,
Last, and Net Chng fields will automatically populate, as shown below:
Also note that a blank cell appears underneath the last symbol you have entered in this
window. This allows you to easily enter additional symbols by clicking in the empty cell
underneath the Symbol column heading if you so desire.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
38
Underneath your nascent watch list, you will find several buttons besides Add Symbol.
These other buttons are designed to allow you to manipulate and contribute to your watch
list:
The Remove Symbols button will allow you to remove symbols from your watch list. CLICK
on the symbol you want to delete, and then CLICK on the Remove Symbols button to
complete the process of deleting the symbol. You can also remove a symbol if you CLICK in
the symbol field for a given symbol and manually delete all of the text and then press
ENTER.
The Move Up and Move Down buttons will allow you to adjust the order of the symbols
in your watch list. To move a symbol to a higher position in your watch list, select the
symbol and then CLICK Move Up; to move a symbol to a lower position in your watch list,
select the symbol and then CLICK Move Down. You will see that the symbol will move
once in the direction indicated each time you CLICK the Move Up or Move Down button.
The Import button allows you to import a watch list from your computer. To do so, CLICK
the Import button; this will open the Symbols Import window:
The lower half of this window allows you to select how the imported symbols are added to
your watch list. If you have already added some symbols into this new watch list and dont
want to lose those symbols, you can select Add to current symbols, or if you would like to
overwrite the symbols you have already entered into this watch list, you can select Replace
current symbols.
Once you have decided whether to add or replace the symbols already in your watch list,
you are ready to import your watch list. Note that you can select Paste symbols from
clipboard, which is useful in the event that you have already copied the symbols from
another Excel/text/etc. file.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
39
If you have not done so, you can select File and then click on the ellipses at the far right
of the window to bring up the Open window:
This window will allow you to navigate through the folders on your computers hard drive.
Use this to navigate to the folder or location of your saved watch list. When you have found
your watch list, select it with your cursor and then CLICK Open at the bottom right corner
of the Open window.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
40
Depending on the format of the watch list, you may find that you have imported some
extraneous information:
If you find that some words have been imported as symbols, you can use the Remove
Symbols button to get rid of them at this point. When you are finished adding, importing,
and removing symbols to meet your needs, click the Save button at the bottom right
corner of this window to save your new watch list:
In the event that you ever want to edit a watch list, or delete one, you can RIGHT CLICK on
any of the column headings on this page and select either Delete or Edit from the dropdown menu:
When you move your cursor over Edit or Delete, a new drop-down menu will open listing
your saved watch lists. To delete one, find the watch list you want to eliminate, then CLICK
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
41
on its title and a new window will open asking you to confirm the operation (to prevent any
accidental deletions):
If you want to edit a watch list, select Edit and then CLICK on the watch list that you
would like to alter from the new drop-down menu that opens:
This will open the Edit Watch List window, which looks very similar to the New Watch
List window. This window includes the same features as the New Watch List window:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
42
The chief difference is in the window heading, which now reads, Edit Watch List.
MarketWatch > Alerts:
This page functions much like the Trade tab, but instead of sending orders to the exchange,
this page is designed to create notifications. You can receive emails or popup alerts on your
software based on an assets value.
To place an alert, first enter a symbol into the symbol entry field and then press ENTER:
Also note that this page provides you with the same amount of information about a symbol
as the All Products page under the Trade tab. This is because the process of setting up an
alert is very similar to the process of placing a trade. The primary difference is that when
setting an alert, you receive a notification when the alert conditions are met, instead of an
order actually being placed.
Initially, setting an alert is also similar to placing a trade; for example, you can CLICK on
the ASK price, the BID price, or the LAST price. Note that you can also access the Options
Montage to place alerts related to options. This will open the Alert Entry Tools menu at the
bottom of your screen:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
43
This menu looks similar to the Order Entry Tools menu, however instead of placing orders, it
only creates alerts. You can also modify your alert conditions via this menu:
CLICK on the cells underneath Alert, Trigger, or Exchange to open drop-down menus
that allow you to select other conditions related to those headings. You can also CLICK on a
cell field under Threshold to modify either by price or by percent. If you CLICK on the
price or percentage directly, you can manually enter those values and then press ENTER;
you can also CLICK on the arrows to the right of the price or percent cells to increase or
decrease them incrementally.
If you adjust the price under the Threshold column, note that the lock to the right of the
cell will change from unlocked to locked:
Locked:
Unlocked:
Locking the price ensures that the alert will be set at that price, however it also means that
you will not be able to modify your threshold percent value. You can toggle the price as
locked or unlocked by clicking on the lock icon to the right of the price cell.
At the far right hand corner, youll notice that there is a Gear icon:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
44
In this window, CLICK on the Play Sound drop-down menu to modify what sound will play
when your alert is triggered. CLICK on the Configure Sounds button if you would like to
search your computer for your own audio (.wav) files. You can also CLICK the Recreate
alert for reverse crossover checkbox if youd like. If you CLICK on that checkbox, youll also
find that you can elect to silence that additional alert.
Finally, you can modify the conditions of the alert to submit at a specific time. To do so,
either CLICK on the cells to manually enter a date or time, or CLICK on the up and down
arrows to the right of the cells to incrementally adjust the date or time. You can also CLICK
on the Calendar icon to select a date from the calendar. When you are finished modifying
your alert rules, CLICK OK at the bottom right corner of the window.
You can also add notes to your alert from this menu by typing text into the Alert Note field:
When you are finished setting your alert conditions, CLICK on Create Alert at the bottom
right corner of this menu to submit it. You can also CLICK Set Alert Rules to open the Alert
Rules Window from this area of the menu.
The last thing to note in the Alert Entry Tools menu is the Alert Book:
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
45
CLICK on the drop-down menu next to the Alert Book menu heading to toggle whether the
Alert Book displays All Alerts or Working Only:
At the far right of the Alert Book menu heading, youll see a button that says Cancel Active
Alerts. You can CLICK on this button to cancel all of your active alerts.
MarketWatch > Watch:
This page will display some critical information that you can use to trade, including
dividends, earnings, splits, etc. Be sure to always double check information with a
companys Web site or some full service news providers to confirm this information. By
default, each section will be closed. CLICK the blue arrow to the left of the sections name to
open the section. Please note that you may need to select a watch list or CLICK the
Refresh button to load a section.
MarketWatch > Rollover Rates:
This page may be of interest to you if you are interested in eventually trading forex (when
available). At the end of each trading day, your forex position will be rolled to a new
opening value. This process is known as marking to the market and is done to reflect the
different interest rates for each currency.
The risk of loss in trading securities, options, futures and forex can be substantial. Clients
must consider all relevant risk factors, including their own personal financial situation,
before trading.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
46
Charts Tab:
The Charts tab consists of three pages: Charts, Prophet and Flexible Grid. This manual will
focus on the Charts and the Prophet pages.
Charts > Charts:
There are many layouts, time frames, drawings and studies available. Begin by typing a
symbol into the symbol field found in the upper left corner of this page and hitting ENTER
on your keyboard.
Upper Left:
Your chart will populate with the latest trade data available for that asset. Notice there is a
series of buttons in the upper right corner, above the chart. There are three main buttons
(Style, Drawings and Studies) and three shortcut buttons.
Upper Right:
Style:
Click on Style to view a drop-down menu. From here, you can:
Change your timeframe by selecting Daily or IntraDay. From either of these two
choices, first select the period you would like the chart to represent and then choose
the period you would like each bar or candle to represent.
CLICK Chart Type to select from display choices such as bar, line, candle, and
other types.
CLICK Settings for advanced features.
Drawings:
CLICK Drawings to view a drop-down menu. You can select the different drawing tools to
add to your chart including: Price Level, Fibonacci, Trendline, etc. Once you have selected
your drawing tool, CLICK and release the mouse button at the point on the graph from
which you would like the drawing to begin. Move your mouse to the next point, CLICK and
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
47
release, and your drawing will appear. Some drawings require more than two points, so be
sure to CLICK the appropriate number of times.
Studies:
CLICK Studies to add a study to your chart. Selecting:
Quick Study allows you to add only one study that will replace any other study that
you are currently viewing.
Add Study allows you to add additional studies to your chart.
Edit Studies allows you to format, modify or delete a study.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
48
This is an advanced page which will allow you to customize the space allotted to each chart
if you are viewing more than one.
Tools Tab:
The Tools Tab displays some of the platforms newer tools that are not necessarily essential
to trading. These tools allow you to enhance your experience by sharing your ideas on
myTRADE, using Trade Feeds, keeping notes/trade journal entries on thinkLog,
watching CNBC archives on the CNBC page, viewing Widget 360.
tos RED, Inc. and TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but
affiliated legal entities.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
49
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
50
Help Tab:
The Help tab houses support information including phone numbers, Web site links, and links
to videos. The walkthrough and demonstration videos provide you with step-by-step
instructions on how to use the platforms features to research, monitor and execute trades.
You can also monitor your computers system use from this tab. To do so, CLICK the
System button on the row below the tab display. This will open a tool that allows you to
graphically view your computers memory use. If you experience some slowness in updating
quotes or loading pages, access this tool. If youre overloading your PCs capacity, then you
may need to take steps to alleviate this problem.
The SETUP Button:
The Setup button appears at the top right corner of every page and tab in the platform.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
51
From this window you can customize some of your preferences. CLICK the Order Defaults
tab to adjust your default quantities for your orders.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
52
If you sell a vertical spread to open a position, that is also called a credit spread. If
you sell a vertical call spread to close a position, that is simply closing a debit
spread position.
If you buy a vertical spread to open a position, that is also called a debit spread. If
you buy a vertical call spread to close a position, that is simply closing a credit
spread position.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
53
Sell Stock
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
54
Sell Stock
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
55
Sell Stock
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
56
Stock Orders > Buy Order Triggers Sell Stop or Sell Order
Triggers Buy Stop
Buy Stock
Sell Stock
9.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
57
Sell Stock
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
58
Option Orders:
Option order entry is mainly performed through shortcuts on the TRADE tabs All Products
page. You dont need to enter OPRA codes manually to create option orders. Instructions
about the Options montage section of the All Products page are listed in the Layout
section on Page 8.
Sell Option(s)
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
59
Sell Option(s)
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
60
Sell Option(s)
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
61
Sell Option(s)
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
62
V. paperMoney Rules
paperMoney is a simulation of the market. As such, you will notice some inconsistencies
between how trades appear to be filled in paperMoney and how trades are filled in a live
trading account.
You can use paperMoney for several goals, including practicing on the platforms tools,
practicing your trading strategy, and learning about advanced order entry tools before
employing them in your live account. You will notice that the performance of your
paperMoney account will differ from your live account. There are several reasons for this
that are explained below.
Rules of the simulation:
Any order may be filled only during regular U.S. trading hours.
All orders are filled at the mark: the value of the asset. For stock and futures, the mark is
generally the last trade price. For options, the mark will be the average between the bid and
ask.
Options are only exercised at expiration, never early.
Dividends and other corporate actions are not applied on paperMoney.
These rules may affect the fills in your paperMoney account so that your portfolios
performance may or may not be accurate to what it would have been in a live, funded
account. Once live money is put at risk, some investors have found that their trading
strategies need to be adjusted.
Here are some ramifications of the simulation (this list is not exclusive):
As soon as U.S. market hours open, your order may be filled at the mark. In live trading,
the exchange may not open trading on that security exactly upon the open of the markets.
Very often, there may be a delay in the opening of that security at the primary exchange
even though the stock may be trading on a secondary exchange. This can cause an
inaccurate fill price.
Filling at the mark ignores liquidity. The less liquid an asset is, the more value you will have
to give up in live trading to be filled.
In the event of wide bid/ask spreads, a fill price may be unrealistic. This is common for
spread trading in SPX and other securities that have wide prices. Focus on liquid securities
in well-known companies while refining your techniques. When you switch to live trading, be
aware of the less liquid securities. If you choose to switch to less liquid securities, cut back
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
63
your size and work LIMIT orders to try to fill as close to the mid-range between the bid
and the ask as possible. Get to know how these types of trades behave before increasing
your size.
TD Ameritrade
thinkorswim@tdameritrade.com 800-672-2098
64