Creating a stock order

Note: to place a mutual fund order, log in to myQuestrade.

 To create a stock order:

  1. Navigate to the Order entry tab. The tab will display the global symbol and some order entry fields populated with values pertaining to the global symbol.

    Note: you can change the global symbol at any time by modifying your user preferences. To access user preferences, click the User preferences  icon in the top right corner of the main application window, or click Customize window  on the toolbar, then select Preferences. In the user preferences window, under the General tab, navigate to the Global symbol field.


  2. Enter the order details for the security you want to buy or sell.

Order details

Description

Symbol

Type the symbol or company name you want to buy or sell. Then press Enter.

Action

Select Buy or Sell.

Qty

Enter the quantity of shares you want to trade.

Note: by default, the quantity will be populated with the value set in your order entry user preferences
Order type Select the type of order you want to submit. To learn more, see Order types
Account 

In the top right corner of the main application window, specify the account you want to use to submit the order. 

Limit price This field only applies if you’ve selected the limit, limit-on-open, limit-on-close, or stop-limit order types.

Enter your limit price:
  • To have the price fluctuate according to real-time data, click the lock  and enable float limit 
  • To choose a custom price, select do not follow .
Note: if real-time market data is not available, the limit price will be blank and the float limit icon will be unlocked.

To learn more, see Order types
Trailing

This field only applies if you’ve selected the trailing stop, or trailing-stop limit order types. For trailing stop orders, you have the option of entering a percentage by clicking the dollar sign . To learn more, see Order types

Stop price This field only applies if you’ve selected the stop or stop-limit order types. To learn more, see Order types.


Limit offset This field only applies if you’ve selected the trailing-stop limit order type. To learn more, see Order types.


Duration Select a duration to specify how long the order should remain active. For more information, see Order durations
Date
This field only applies if you’ve selected the GTD (Good ‘till date) order duration. For more information, see Order durations.


Route  Select a route or leave the selection at Auto to let the platform determine the best one. Canadian routes will be listed for Canadian symbols and U.S. routes will be listed for U.S. symbols. 
Sub-route  This field will be filtered according to the route selection. It indicates where you prefer the order to be executed. Leave the selection at Auto to let the platform determine the best route.

Note: sub-route selection is only available for Canadian symbols. 
 
Special instruction
You have the option of selecting AON and ANON, and entering quantities for Iceberg and Min Qty. To learn more see Special instruction.

  1. Click Send order.

  2. Depending on your order entry preferences, an order confirmation window appears. Review your order, and click Send order to send your order to the exchange.

Once the order is filled, fails, or is rejected, a pop-up message will appear in the bottom right corner of the application to instantly notify you of the order’s status. An order filled message will fade and close automatically.

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