1. How To Place A Trade With TradeStation Trading Software: Introduction
  2. How To Place A Trade With TradeStation Trading Software: Order Bar
  3. How To Place A Trade With TradeStation Trading Software: Chart Trading
  4. How To Place A Trade With TradeStation Trading Software: Quick Trade Bar
  5. How To Place A Trade With TradeStation Trading Software: Matrix
  6. How To Place A Trade With TradeStation Trading Software: Conclusion

The Quick Trade Bar is a fast order-entry interface that allows traders to place buy and sell market and limit orders by using a one-click method. To open the Quick Trade Bar, select View from the main menu and choose Quick Trade Bar. The Quick Trade Bar appears, as shown in Figure 4.

Figure 4: TradeStation\'s Quick Trade Bar is a highly visual one-click order-entry interface.

The upper section of the Quick Trade Bar displays the selected symbol, Low and Hi price of the day, Open P/L, Percent, Position (size) and Average Price. The middle section displays one-click Buy/Buy to Cover and Sell/Sell Short buttons (based on the current account position) along with the current market price, and the Bid and Ask prices. The arrows displayed above the Buy/Sell amount indicate the direction of the market. The lower section of the Quick Trade Bar contains preset quantity buttons, allowing traders to quickly choose 100, 200, 500 or 1,000 shares (for equities), and "Buy Mkt," "Sell Mkt," "Take," "Split," "Bid + 1," "Ask - 1" and "Hit" buttons.

To place an order, select the desired symbol, order size and account and click on the appropriate button. Figure 5 shows the confirmation box that appears after clicking the large "Buy" button. Clicking "Close" will close all open positions, while clicking "Cancel All" will cancel all pending orders.

Figure 5: A confirmation box appears after placing a trade. Click Yes to place the order.

SEE: The Basics Of The Bid-Ask Spread How To Place A Trade With TradeStation Trading Software: Matrix

Related Articles
  1. Small Business

    Economics of Owning a Bar

    Understand what costs go into starting and running a bar, as well as what earnings can be expected. Learn whether or not it is smart to own a bar.
  2. Trading

    Range Bar Charts: A Different View Of The Markets

    While range bars are not a type of technical indicator, traders can employ this useful tool to identify trends and interpret volatility.
  3. Trading

    Trading The Non-Farm Payroll Report

    Discover how to trade the NFP report without getting knocked out by the irrational volatility it can create.
  4. Trading

    Gauging Entry And Exit Signals With Range Bars

    Wide range price bars often generate important signals that traders can use for timely entry or exit.
  5. Trading

    Advantages Of Data-Based Intraday Charts

    We take a look at these chart intervals and how we can use them to our advantage.
  6. Managing Wealth

    The 5 Best Cities to Open a Bar in the US

    Understand what makes a bar successful and what is important about opening a bar. Learn about the top five cities to open a bar in the United States.
  7. Investing

    How Do You Purchase Physical Gold Bars?

    Find out how to buy gold bars, including tips on evaluating purity, form, size and authenticity of the purchase.
  8. Trading

    What Your Trading Charts Aren't Telling You

    You may be missing some key statistics when following charts in the market.
  9. Insights

    Stock Quotes Explained

    Curious about how stock quotes are compiled and what a trader should know about how? Read on.
  10. Investing

    What Are Quick Assets?

    A company’s quick assets can be easily converted into cash.
Frequently Asked Questions
  1. Depreciation Can Shield Taxes, Bolster Cash Flow

    Depreciation can be used as a tax-deductible expense to reduce tax costs, bolstering cash flow
  2. What schools did Warren Buffett attend on his way to getting his science and economics degrees?

    Learn how Warren Buffett became so successful through his attendance at multiple prestigious schools and his real-world experiences.
  3. How many attempts at each CFA exam is a candidate permitted?

    The CFA Institute allows an individual an unlimited amount of attempts at each examination.Although you can attempt the examination ...
  4. What's the average salary of a market research analyst?

    Learn about average stock market analyst salaries in the U.S. and different factors that affect salaries and overall levels ...
Trading Center