1. How To Place A Trade With Thinkorswim - Introduction
  2. How To Place A Trade With Thinkorswim - Opening And Editing Trades
  3. How To Place A Trade With Thinkorswim - Managing And Closing Trades
  4. How To Place A Trade With Thinkorswim - Trading Defaults

Once a trade is open, you can see how that trade is performing using the Monitor tab. This tab shows recent activity, open positions as well as capital in use and capital available to trade with.

Figure 8. Position Summary


To close a currently open position, right-click on the position to bring up a menu of available actions. From the menu, select "Create Closing Order." Selecting this option will automatically populate an entry order, which will close out, or offset, the open position.

Figure 9. Close Position Menu

This action will take you to the Trade tab, where you can adjust the closing order. For example, if you are long 500 shares, you may wish to sell only 300. Once you are satisfied with the order, click "Confirm and Send."

You will once again receive a pop-up confirmation window. From there, you can send the order to close out the position, delete the order, edit it, or send it to the queue to be sent out later.

SEE: Sorting Out The Trend And The Entry


How To Place A Trade With Thinkorswim - Trading Defaults
Related Articles
  1. No results found.
Frequently Asked Questions
  1. When are Beneficiaries of a Will Notified?

    Learn when the beneficiaries of a will must be notified, and understand how this requirement varies depending on whether ...
  2. Why Does Larry Page Pay Himself a $1 Salary?

    Google co-founder Larry Page continues to take an annual salary of only $1 as chief executive officer.
  3. What is Common Stock and Preferred Stock?

    Learn about the differences between common and preferred shares. Explore situations where preferred shares have more favorable ...
  4. Can CareCredit be Used for Family Members?

    Learn more about the available options that CareCredit offers to pay for out-of-pocket medical procedures with little to ...
Trading Center