Track 'n Trade LIVE Stocks & Options

Video Transcript

In this video, I'm going to demonstrate for you the magic of Track And Trade's drag and drop orders. The first thing I want to do is just example for you the very simple buy market and sell market tools. These are not drag and drop because they're instantaneous, right? If you click buy market, it's going to get you into the market immediately.

So, we're going to go ahead and click the buy market button. You'll notice that we get an order confirmation. We can come in here and say "don't show this again," so we get the order confirmation, and it goes ahead and puts us into the market. Now, if we were to say sell market, again it comes up with the order confirmation. We can now say "don't show me this again," and it's going to give us a disclaimer. We go ahead and accept the disclaimer, and we say okay. We realize that we're not going to get an order confirmation next time.

We say okay, and we're back out of the market. Now, if we do buy market once again, it's going to go ahead and, because we cleared that and said we didn't want to receive those on the market orders, we now are immediately in the market. We hit sell market, and we're immediately taken out with no confirmation boxes.

All right, now if you would like to get those confirmation boxes back once you've turned them off, it's very simple. Just come into the Help menu and click "reset questions." Now, the next time you hit buy market, it will ask you for the confirmation once again.

Now that's the buy market and the sell market buttons. The next buttons I want to show you are the stop and the limit. So, this is the magic of Track And Trade's drag and drop orders. We're going to go ahead and click the stop order, and you'll notice that it immediately drops an order on the screen.

Now, I haven't moved the mouse. You'll notice the mouse is still hovering over the stop button, and the order itself, the drag and drop order, is mid-screen. It's right at the mid-center; it hasn't chosen the proper place for placement. It's just put it mid-screen so that you can put it where you would like.

Now, you drag your mouse over the top of the chart, and it's going to start to move without holding the mouse button up and down on the chart. This might take just a little bit of practice, but try in the demo count, and you'll get used to it. Now, we can move this order up above the market. You'll notice that a buy stop that Track And Trade is smart enough to know that if you're going to be above the market, it's going to be a buy stop. If you slide it below the current market price, it's going to change to red, and it will be a sell stop.

So, we go ahead and place that order. Just by clicking the left mouse button, again it comes up and asks you to confirm the order. You can say "don't show me this again." On stop orders, we need to accept the disclaimer once again that we realize we are not going to be asked for a confirmation box. We say okay, click okay, and we now have our stop order set.

Now we can continue to move this. We can grab it and move it just by dragging the line. You can grab the little triangle handle—that's what I like to do—or you can grab the little handle over here and grab it this way. So, there's a number of ways of moving your order. Of course, now that the order is red, it's a sell order; you cannot take it above the current market price.

Okay, so we can move it around anywhere we want anytime we want to adjust it. The next one I want to show you is a limit order. So, let's go ahead and we're going to delete this, and the way I'm doing that is I'm just going to right-click on the chart on the icon and say delete. Now the order is gone. It's cancelled. It's removed.

The next order I want to example for you is the limit order. So, we're going to click on the limit order again. Notice it drops at mid-screen. I'm going to bring my mouse cursor onto the screen where it's going to jump to the mouse cursor, and we're going to move it up and down. Again, if it's above, it's going to be a sell limit. Track And Trade is smart enough to know that if it's above the current market price, we're going to turn it red because it's a sell limit.

If we bring it below the current market price, it's going to be a green order because it's going to be a buy limit. Again, once we drop the order, let's go ahead and drop the order above the market. We now have our sell limit, and you'll notice that it id not ask us for a confirmation because for the stops and limits, we already cleared the box that said "don't confirm.

So, now we can do that with a simple single click of the mouse, and we have our orders placed.